Ethereum Classic’s developers had previously revealed the roadmap for the much-awaited Agharta hard fork, which is touted to be the second half of the recently executed Atlantis hard fork. According to a recent development, ETC core developers and stakeholders participating in the ecosystem on 12 December have agreed on a target block number for mainnet...Read More
Blockstream recently revealed its plans to make multi-part payments interoperable on the Lightning Network, a development which essentially means that sending large Bitcoin transactions on top of the layer 2 network would be possible in the future. This development is instrumental in terms of the Bitcoin network which has been plagued with scalability woes for...Read More
A lot has been going on with the Ethereum network lately, with the Istanbul hard fork recently going live on the network and Muir Glacier expected to be rolled out by New Year’s Eve. Amid these updates, the Ethereum Core Developers in their 77th meeting discussed several other EIPs, along with Eligible for Inclusion [EFI]...Read More
In a recent video, VP of Products at Blockstream, Allen Piscitello, spoke about stablecoins, the platforms they use, and how they compare to Blockstream’s own Liquid network. During the presentation, Piscitello spoke about how Tether exists on multiple blockchains, but represents the same asset in a bank account. He also spoke about the pre-requisites of...Read More
After maintaining its position above $7000 over the past 2 weeks, Bitcoin briefly breached its support on 14 December. At press time, Bitcoin was above $7000 again, but the difference was very slim. Its valuation remained at $7068.67 as the market continued to consolidate under $7500. However, according to data released by glassnode, the community...Read More
Recently on Twitter, Bitcoin and ETH derivatives data analytics firm, Skew, reported an unusual proportion of puts trading on the Deribit exchange over the last two days. Generally, put options become more valuable as the price of the underlying asset depreciates in value relative to the strike price set on the contract. An increase in...Read More
Industries across different domains have tried to deploy blockchain technology meaningfully in their businesses in a bid to eliminate redundancies and reduce time and risk. In a recent development, India’s largest IT services company, Tata Consultancy Services [TCS], has announced that its Quartz DevKit, a blockchain app development kit, is available for enterprises to build...Read More
Central Banks’ rising interest in the field of digital assets has been evident in 2019. After China’s development of a state-backed CBDC, many have speculated that other central banks will follow suit and launch their own digital currencies by 2020, especially since many are already researching on them. Although Japan’s Hurihiko Kurado recently claimed that...Read More
Prominent Japanese cryptocurrency exchange, Coincheck, is in the news after it announced on 16 December its termination of “leverage transaction” service. The exchange released a blog post in which it stated that the service will be terminated by 13 March 2020. According to the schedule mentioned in the blog, users will have to transfer their...Read More
Blockchain-based identity management solutions firm, iden3, recently published the results of an analysis it had conducted to test transaction throughput on the Ethereum blockchain, before and after the Istanbul upgrade and ZKRollup. The analysis concluded that Ethereum, after the Istanbul upgrade, using ZKRollup, could handle up to a theoretical maximum of 2048 tps, a figure...Read More
Recently, the Ethereum network’s eighth network update, Istanbul, went live on the platform at block number 9,069,000. During the 77th Ethereum Core Devs meeting, the aftermath of the Istanbul hard fork along with several other updates pertaining to the network was discussed. Addressing the same, PegaSys’ Tim Beiko went on to reveal that Istanbul was...Read More
Monetary sovereignty is the power of the state to exercise exclusive legal control over its currency but what if a person has this power within a hand’s reach? Prominent BTC investor Trace Mayer said, “Imagine being able to run a full node on your cell phone, like your daily cash where you’re holding your own...Read More
Digital asset management firm, CoinShares, published the second report this week of their bi-annual series called, ‘The Bitcoin Mining Industry’, which followed on from the previous issue, published back in June. The report detailed the geographic distribution of miners, the energy mix in play and the benefits Bitcoin mining can bring to the global economy. According to...Read More
Recently, digital asset management firm CoinShares published a report titled, ‘The Bitcoin Mining Network’, which spoke about break-even costs for miners, their geographical distribution and the effects of mining equipment on the Bitcoin network’s power draw. The report mentioned how certain segments of miners with the coveted combination of very cheap electricity and brand-new next-generation...Read More
Trace Mayer the advocate for the Proof of Keys [PoK] movement appeared on Peter McCormack’s recent podcast to talk about the importance of investors holding their private keys. Mayer noted of his first tweet about the PoK movement was on December 9, 2018, and after a few days after which Coinbase informed the users of...Read More
A report on ‘The Bitcoin Mining Network’ was recently published by digital asset management firm, CoinShares, which spoke about the Bitcoin mining space, its growth over the last six months, and events that could affect the industry in the future. According to the report, Bitcoin proof-of-work miners continue to dominate the industry, in terms of...Read More
Ethereum’s journey, be it its hard fork or developments around DeFi, has been progressing smoothly. However, the price of Ether seems to be faltering as it keeps knocking off every support it encounters. At press time, price of Ether was $140 and testing another important support level; breaching this would spell trouble. Source: ETH/USD TradingViewEther...Read More
Mankind is a dedicated race and our insatiable thirst for innovation has been evident through history. Humans are obsessed with speed. For us, anything faster is better. Major innovations like telephones and trains, improved our speed of communication and transport, whereas simple developments like food-delivery apps, increased our ability to access a cooked-meal under 20...Read More
Ripple’s On-Demand Liquidity [ODL] platform has been noting a barrage of transactions, especially with the popular MXN corridor. According to the ODL data provider on Twitter, H_M_X, out of the total $108 million ODL flow in the fourth quarter, the MXN corridor was responsible for $100 million in transactions. Owing to the success of this...Read More
Unlike privacy coins, cryptocurrencies like Litecoin do not have inbuilt privacy features. MimbleWimble via extension blocks is yet to be implemented. In the absence of new cryptographic obfuscation methods, the network becomes vulnerable to malicious activities such as dusting, where hackers and scammers try to break the privacy of cryptocurrency users by sending tiny amounts...Read More
Cryptocurrency Wallet service provider, FoPay announced today that it has acquired Cryptocurrency Exchange, AliExchange in a deal worth 1 million FOIN. FOIN’s 30 days average price is approximately USD2,100, making this acquisition valued at about 2.1 Billion USD. AliExchange is a new Cryptocurrency Exchange based in Tallinn, Estonia. It began operations in March this year...Read More
Venezuelan government has been working on a state cryptocurrency named Petro which is supposedly tied to the price of the oil. In the latest development, eligible Venezuelan citizens will receive 0.50 Petro token from the government. President Nicolás Maduro announced that whoever wished to receive the giveaway amount, which is equivalent to $30, must register...Read More
Matic cryptocurrency which began its journey at the end of April, crashed to $0.018 earlier this week. Sandeep Nailwal, co-founder and COO at Matic Network called it a nightmare Just woke up to this nightmare due to a distress call by someoneIt will be clear very shortly that we are not behind this, as some...Read More
On the latest episode of the ‘On The Brink with Castle Island’ podcast, hosts Matt Walsh and Nic Carter of Castle Island Ventures spoke about recent ICO scams, Jack Dorsey’s activity with Square Crypto, and the effects of staking on a network. Walsh and Carter first spoke about the ShopIn ICO, where the failing business...Read More
On the most recent episode of The Scoop Live podcast, The Block’s Frank Chaparro spoke to president of Fidelity Digital Assets, Tom Jessop, a man hailed by CoinDesk as the man who could, “”bridge the gap between Wall Street and Crypto.” During the interview, Jessop spoke about how custody is a base requirement on the...Read More
Trace Mayer, a YouTuber, and host of Bitcoin Knowledge podcast spoke with Peter McCormack on What Bitcoin Did and addressed the upcoming Proof-of-Keys [PoK] and other important aspects related to Bitcoin and the ecosystem. Mayer, the person behind the Proof-of-Keys movement, spoke about the last event and how it helped spread awareness and take back...Read More
On ‘The Scoop Live’ podcast, Frank Chaparro recently spoke to Fidelity Digital Assets’ president, Tom Jessop, to talk about custodial services in the current market, and institutional entrants into the Bitcoin space, support for Ethereum, and the application of blockchain technology in the tokenization of traditional assets. According to Jessop, Fidelity is currently routing more...Read More
Key Takeaways Multiple outcomes indicate a converging bearish case for Bitcoin in the coming week. The 4-hour chart shows a dip below the $7,000 region and a retest of November 25 low, $6,515. Further bearish momentum could slide Bitcoin to $6,200, and possibly to $5,920. As Bitcoin’s price lugs in the $7,000 region for the...Read More
There are few images as gripping as that of Kolin Burges holding up the placard reading “Mt. Gox, Where Is Our Money,” in the midst of the collapse of the largest Bitcoin exchange in the world. This image of the beanie-headed Londoner on the streets of Tokyo defined the state of cryptocurrency exchanges for much...Read More
Two years ago, as Bitcoin inched closed to the $20,000 valuation, several altcoins joined the rally. None more so than XRP, the premier payments-centric cryptocurrency enjoyed a massive high in late-2017, and relatively held back its losses in the crypto-winter of 2018. In 2019, the markets have not been too kind to this digital currency....Read More
