TokenInsight recently published its annual research report regarding the cryptocurrency mining industry in 2019. The report spoke about how most developed countries today have relatively progressive attitudes towards mining Bitcoin and other cryptocurrencies, as well as what factors affect where mining farms are set up. According to the same, “Low electricity cost, well-structured legal framework,...Read More
The heightened tensions between the United States and Iran have contributed to the narrative of Bitcoin as a safe haven asset. However, according to Perianne Boring, Founder of the U.S Digital Chamber of Commerce, this is not the first time the digital asset’s price has spiked during global uncertainty. In a recent interview, Boring recalled...Read More
The world of cryptocurrencies is often talked about in the context of future developments, which is why Bitcoin mining has been largely spoken of in the background of the upcoming halving. However, altcoin mining has been fairly unnoticed. Unlike Bitcoin mining, altcoin mining is considered more complex. Thus, it is still at a relatively nascent...Read More
One of the major drawbacks with regards to the crypto-industry is the lack of substantial data over a long period of time. The industry is still considered to be at its nascent stage as constructive long-term data associated with major altcoins is still not available. During a recent interview, Joshua Frank, CEO and Co-Founder of...Read More
‘Ethereum 2 is coming’ has been the tagline of the Ethereum community for the past several years. However, the new phase, Serenity, is set to come to fruition soon, with the team outlining 2020 as the year it would start rolling out. Serenity would be launching in three phases – phase zero, phase 1, and...Read More
Bitcoin [BTC] has always been the topic of discussion when anyone talks about cryptocurrencies. It has gained a relevant position in the tech and financial sector, even though many are still skeptical about investing in Bitcoin. 2020 may turn out to be an important year for Bitcoin due to its third halving event, an event...Read More
Ethereum, the leading smart contract platform, will be taking the first step towards its most awaited upgrades this year. The platform will initiate its shift from proof-of-work to proof-of-stake with the launch of phase zero of Serenity. The main aspect of this stage is the rollout of Beacon Chain, while the other phases will see...Read More
Bitcoin’s recent rally, although small and aberrant, was reminiscent of April 2019’s rally aka the April fool’s rally. Hence, looking at Bitcoin’s on-chain metrics might provide an insight into what transpired before the price peaked. The recent rally caused Bitcoin to surge by a considerable amount [20% in 4 days] after a week into the...Read More
In its most recent ‘Crypto Outlook’ report, Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, spoke about Bitcoin, Tether (USDT), their adoption and possible outcomes in 2020. According to the report, USDT and Bitcoin have been the most important crypto-assets to have succeeded since 2017, with the report adding that these are expected to gain in...Read More
Bitcoin’s price responded positively to the new year, with the coin finally pushing the $8k mark on 8 January. However, since the price spike was unforeseen, the price underwent a correction and soon, the price was back under $8k. At press time, Bitcoin was trading at $7922, with a 24-hour trading volume of $15.3 billion....Read More
Cryptocurrencies have long been expected to eventually create a paradigm shift in the conventional methods of banking. But, do cryptocurrencies solve real-world problems in the present-day? With the industry still in its nascency, this question has been the subject of discussion for a long time now. According to blockchain tech company R3‘s CEO and Founder,...Read More
The Reserve Bank of Australia (RBA) has now confirmed that it is mulling over the digital version of the Australian dollar, a digitized currency commercial banks and other corporates across the country can now use to speed up transactions. According to an official submission presented before a Senate inquiry into financial technology, the RBA asserted,...Read More
Malta-based Binance’s derivatives platform, Binance JEX, has announced the launch of a ‘test run’ on Futures insurance, which is scheduled for 9 January [Singapore Time]. According to the official blog post released by the JEX team, Futures insurance can essentially be used to protect Futures traders’ margin and profits, while trading in Futures on Binance’s...Read More
In the January edition of Bloomberg’s ‘Crypto Outlook’ report, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, wrote about Bitcoin and its potential in 2020, both in terms of price and adoption. In the report, McGlone stated, “The fact that a store-of-value asset with fixed supply and increasing adoption is more likely to appreciate in...Read More
Ethereum Foundation Researcher, Virgil Griffith, who was last in the news after he was arrested by the FBI for traveling to North Korea and attending a conference in Pyongyang, has now been formally indicted for “conspiracy to violate the International Emergency Economic Powers Act.” The latest development was first revealed by Inner City Press on...Read More
Bitcoin Core contributor and guest writer for BitMEX Research, Michael Ford, recently published a report about the build system improvements for Bitcoin, while also expanding on his involvement in removing third-party software dependencies such as OpenSSL. The report, analyzing results from tests conducted by Ford, showed that the number of packages built in Bitcoin Core...Read More
The prices of most major cryptocurrencies have responded positively to the new year. With the price of Bitcoin [BTC] rising, other altcoins are following its lead and noting a spike in price too. Ethereum [ETH], the second-largest crypto in the world, completed its crucial Muir Glacier update recently, having noted an almost 12% growth since....Read More
One of the major talking points of 2019 was China’s involvement with blockchain and the launch of its DCEP. With the People’s Bank of China announcing that a digital yuan would soon be released in the market, and Bitcoin and other digital assets still banned in the country, China has accelerated its interest in developing...Read More
The research team at Malta-based crypto-exchange Binance recently published its third report on decentralized finance applications. The report analyzed network data provided by DAppReview, as well as recent developments in the DeFi space, focusing mostly on Ethereum. The report claimed that Ethereum’s spectrum of applications is more extensive than other blockchains, adding that its primary...Read More
Over the past week, a major event has heightened the tensions between the United States and Iran. However, this event’s impact was felt not just on the political scene, but in the financial sector as well. Hours after the United States launched a military strike that killed a major Iranian military commander, oil and gold...Read More
Over the past 3 days, Bitcoin has witnessed a surge of 12.3 percent, a development that took its price valuation above the $8000 mark. However, the first week of January was found to be more bullish for altcoins, than the king coin. According to Coinmetrics, major altcoins like Ethereum, XRP, and Litecoin registered negligible growth...Read More
In a recent article for Nasdaq, Sumit Gupta, CEO of CoinDCX, one of India’s largest cryptocurrency exchanges, wrote about how cryptocurrencies could hold the keys to financial inclusion. In the article, Gupta cited the World Bank’s most recent Global Findex report which stated that as many as 1.7 billion people worldwide do not have access to formal...Read More
Ethereum Classic’s next network upgrade, Agharta, is around the corner and the foundation has asked its node operators to update their nodes before 12 January, scheduled for the deployment of the updated protocol. The announcement was made on 8 January and warned users about the nature of the upgrade, stating, “Node operators must update their nodes...Read More
Central banks banding together to issue a single digital currency will face a coordination problem. Technological advancements, in both the public and private sector, have called for the creation of a single global currency, not Bitcoin, but one controlled by central banks. The concept of a central sovereign digital currency has been voiced on many...Read More
Despite the fact that Bitcoin is in its second decade of existence, it is still seen more as an investment, rather than as a means of financial freedom. The claims of the cryptocurrency being a store of value or a medium of exchange still exist in theory, but in practice, Bitcoin remains a tradable asset....Read More
The rate of issuance and a consistent supply of coins or tokens is imperative to the maintenance of any digital asset’s economic value. As every blockchain has its own process of issuing new coins, concerns about inflation arise when new supply is issued and it decreases the value of the rest of the supply, unless...Read More
Binance has been on an announcement spree for the last few days. It recently announced the launch of XRP/USDT Futures Contracts, along with its extension of perpetual swaps for five major cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, XRP, and EOS. On 8 January, Binance added another major crypto to its list of perpetual contracts –...Read More
Pool-X, the next generation POS mining platform supporting lockup crypto transactions backed by KuCoin, today announced the launch of its Beta version and the opening of the Staking function. The first four staking products include KCS-30, TRX-30, XTZ-30, and ATOM-Flexible. In addition to receiving Staking rewards, participating users can also get a share of 250,000...Read More
One of the world’s premier crypto-exchanges, Binance has announced its collaboration with Satang Corporation, one of the oldest digital asset exchanges in Thailand, to open Thai Baht (THB) fiat channels on the Malta-based exchange. “We are proud to collaborate with Binance in bringing digital assets to the masses in Thailand and moving Thailand’s Digital Economy...Read More
As tensions between the United States and Iran escalate, safe-haven assets are seeing massive gains. On the back of market uncertainty, Bitcoin broke the $8,000 barrier for the first time since 22 November, while gold continued to climb massive highs. For over a month, the Bitcoin market was stagnant owing to the holidays subduing volatility....Read More
