Cryptocurrency miner Argo Blockchain recently installed 3,616 new Bitmain machines, each of which was aimed at increasing its mining capacity by 75%. According to an official announcement, the London Stock Exchange-listed firm stated, “The new machines represent 159 petahash (PH), an increase of 75% from the Company’s existing installed base of mining machines.” Agro Blockchain...Read More
Over the past decade, Bitcoin has achieved a lot many things, with the price of the cryptocurrency being the highlight of it all for people in the cryptocurrency space and outside. With the near-$20,000 bull run still fresh in the minds of several people, one of the questions that usually pops up time and again...Read More
The year 2019 took most crypto-projects on a wild ride, one filled with a mix of volatility, adoption, thefts, and expansion to and recognition in the mainstream. However, while some coins were occupied by the rough waves of price volatility, others sailed through. According to recent research by CoinMetrics, 50% of the top 18 coins...Read More
Bitcoin witnessed a turbulent 2019 and in spite of high volatility in the market, the king coin registered an impressive growth north of 90 percent. In Coinmetrics’ recent State of the Network report, Bitcoin’s performance with regard to various factors and other assets was evaluated, including fundamental properties and other adoption parameters. A section covered...Read More
Since 16 December, XRP has been hovering around the $0.19 mark, with intermittent dips under $0.185 and rises around $0.198. With a value of around $0.191 at the time of writing, XRP could be in for a short-term rise in value, despite its less-optimistic long-term prospects. XRP 4-hour chart Source: XRP/USD on TradingView Following a...Read More
The Ethereum mainnet has finally undergone the Muir Glacier hard fork. The update was activated at Block number 9,200,000 on 2 January 2020. At the time of writing, major cryptocurrency exchanges like Binance, Kraken, Bittrex, and Bitso were ready to support the upgrade, while exchanges like Coinbase, Bithumb, Huobi, Poloniex, Gemini and Bitfinex had not...Read More
The hashrate of Monero reached an all-time high (ATH) of 1.1358G a few days ago. However, while many welcomed the development, it also lent fuel to a few debates within the Monero community. While many were unsure as to what caused the hash rate of Monero to spike, others voiced skepticism of some who claimed that...Read More
Despite Bitcoin’s inability over the last couple of months to cross the crucial $8000 mark, the coin was found to have recorded gains of over 85% since the start of 2019. However, not everyone seemed to be in agreement as Tendayi Kapfidze, Chief Economist at Lending Tree, made waves in the crypto-community after he stated...Read More
The world’s second-largest digital asset faced a major crisis on New Year’s Eve. As previously reported, some of the Parity Ethereum nodes failed to attain synchronization, with representatives of Parity fearing that a hack or attack might be underway. The Parity issue raised a lot of concerns within the community, with Liam Aharon, Software Developer...Read More
Notice how it’s already 2020 and Libra isn’t here yet. The turn of the calendar might not be a turn for the better for Facebook. What marked the year and got regulators riled up was Facebook; however, this time, it wasn’t the social media giant’s past transgressions or its consequences. Instead, it was in anticipation...Read More
In less than a decade, Bitcoin and Ethereum have captured the attention of people around the world. Born during the time of recession and excessive pessimism, Bitcoin aimed to revolutionize payments. Soon thereafter, Ethereum became the world’s leading smart contracts platform. However, when it comes to the distribution of coins, they differ vastly. Bitcoin and...Read More
On the most recent episode of the ‘What Bitcoin Did’ podcast, Jack Mallers, Founder of Zap, a Lightning Network wallet, spoke to host Peter McCormack about the use-cases for Lightning and its role in the future of money. During the podcast, McCormack spoke of how citizens in El Salvador were using Lightning to make payments...Read More
Building from the ground-up. One of the main developments of 2019 which brought in investors and dollars was the rise of institutional investors. Derivatives saw much fervour created around them, with the CME stepping up its game and the Intercontinental Exchange [ICE] launching its digital assets platform. So much happened on the institutional front, that...Read More
With the regulatory pressure and the uneasy sentiment surrounding disruptive financial technologies among average citizens in western countries, Asia is looking to lead the charge into the new digital economy. In the past few years, several companies from China, South Korea, and Japan have sprouted like never before, laying claim to growing industries like social...Read More
If you were about to write off 2019 as the year of “fake volumes,” hold up. Cryptocurrency exchanges were at the center of the market, and not because of external agents funneling funds in hacks, although the year did see a great deal of it. 2019 saw exchanges create problems of their own, with several...Read More
“Today we know that centralization and big bureaucracies have not, as promised, been the answer for promoting better opportunities for society” ~ Carlos Salinas de Gortari To ASIC or not to ASIC has been the dilemma for years now. For some, the distinction is very easy; it comes down to choosing between centralization and decentralization....Read More
When Bitcoin was created in 2009, it aimed at becoming the universal currency of the world, one that could be both a Store-of-value [SoV], as well as a Medium-of-exchange [MoV]. The problem was, to many, that these two objectives would curate the cryptocurrency very differently. The consequence of this debate led to faultlines being made...Read More
The Bitcoin UTXO count hit an all-time high in 2019, despite the price dropping by a massive 68%. BTC hit its local high in a bear run on June 26, a day when 1 BTC was worth $13,800. However, the BTC holders seem to have been unfazed by the drop as the UTXOs have been...Read More
For many, the cryptocurrency market is divided into two phases; pre-2017 and post-2017. This, of course, refers to the December 2017 bull run which saw Bitcoin and the rest of the market surge to unprecedented highs, with the king-coin inching close to $20,000 a pop. The bull-run saw a massive influx of retail investors. However,...Read More
In a recent tweet, Casa CTO Jameson Lopp reported that the network hashrate for Bitcoin had increased by 162% over the course of 2019, from 38 to more than 100 exahashes per second. While price fluctuation can be seen as an indicator of investor sentiment, hashrate can be used to determine network adoption. While miner...Read More
Digital currencies seem to be dominating every aspect of the American market. From its abode in the dark corners of the Internet a decade ago to a time when Presidential candidates are being funded by cryptocurrencies, this asset class has evolved like no other. It is precisely this evolution that regulators were wary of; and...Read More
Bitcoin’s price has been under the $7,600 range for over a month now. Even with 3 major retests of the resistance at $7,660, Bitcoin’s price hasn’t managed to breach it. With the formation of a double bottom in a medium time frame, this was supposed to change. However, it hasn’t so far. BTC 4 Hour...Read More
Facebook was ‘feeling excited’ with 28 companies and others with the announcement of their crypto-project, Libra, a few months ago. But, this excitement was short-lived as most countries thought of it as a threat to their own economies. China was the first to announce its plan to launch a Libra-like cryptocurrency with its own digital...Read More
Recently, on the ‘What Bitcoin Did’ podcast, host Peter McCormack spoke to the founder of Lightning Network wallet, Zap wallet. Jack Mallers, who spent the last four months performing extensive user research with regard to the Lightning Network, spoke about its actual value, what it can accomplish, as well as its institutional use-cases. According to...Read More
Bitcoin’s price has been treading under the $8k mark for a while now, and what once was considered to be a bullish coin is now limited in terms of price due to various reasons. One of the reasons that have often made the rounds are Bitcoin Futures pulling the price of the digital asset down....Read More
According to a recently published press release, Takasbank, Turkey‘s Istanbul Clearing, Settlement and Custody Bank, has announced that its physical gold-backed transfer system based on blockchain has gone live. According to the announcement made on 30 December, BiGA Digital Gold will provide banks in Turkey with a system for issuance, repayment, and transfer of blockchain-based...Read More
Ripple’s on-demand liquidity [ODL] corridor to Mexico has been active ever since its launch and has been leading the liquidity game. On 30 December, the XRP/MXN corridor on Bitso reached an all-time high, with liquidity surging by over 10 million. According to the Liquidity Index Bot, XRP/MXN corridor noted liquidity of 10,189,161 million and has...Read More
Two years ago, right around this time, the cryptocurrency market witnessed a bull run, one unlike anything the market had ever seen before. At the time, the largest cryptocurrency, Bitcoin, had broken all its previous barriers and set a new one. The near-$20000 mark hit by the king coin was a turn that was unexpected...Read More
Having maintained its value above $0.25 for most of 2019, XRP’s dip below the mark gave birth to alarm bells throughout the community, a community that had already been in a frenzy before the ~17.5% drop to $0.178 in mid-December. At the time of writing, XRP was priced at around $0.19 and realistically, could move...Read More
The leaves that bud out of the stem, the pattern on the shell of snails, the petals of flowers; all of these have a common denominator, a pattern. Nature follows a particular kind of symmetry. The world that we live in has many mysteries to it, many that might seem chaotic to naked eyes. However,...Read More
