Bitcoin suffered a major loss within hours on 19 February, which dragged its price back under the $10k resistance. The largest asset has been having a crest and trough-like movements with $10k as the mean point. On 19 February, the coin noted an overall fall of 6.28% during which the price of BTC slashed from...Read More
Crypto literacy helps people think differently about finance in Mexico The utilitarian value of cryptocurrencies is a contentious topic still. Ever since Bitcoin’s debut, the community has been split with regard to whether it is best suited as an alternative currency or purely as an investment tool. In Latin American countries like Mexico, the lack...Read More
Bitcoin suffered an unexpected drop of 8.44 percent in the past 24 hours. The valuation dropped from $10167 to under $9312, which also resulted in a $10 billion reduction from its market cap. At press time, Bitcoin was priced at $9576 and the market cap was $174 billion. Bitcoin 1-hour chart BTC/USD on Trading View...Read More
Litecoin’s past 24-hour change does not mirror its recent bullish rally. The silver counterpart to Bitcoin registered a slump of 9.08 percent and its price held support just above $70. According to CoinMarketCap, its market cap remained under $4.5 billion at press time but the 24-hour trading volume remained positive and above $5.4 billion. Source:...Read More
The resurgence of the crypto rally has attracted the attention of traditional investors and market makers, as the alt season sets in. Bitcoin has been relishing during this period as the coin reported a 41% return since the beginning of 2020, while the second-largest crypto, Ethereum marked triple digits yield of 115%. According to Binance.US...Read More
Bitcoin’s recent bullish crossover resulted in the escalation of its price by 7% and crossing the $10k hurdle. With a rising price, the overall active addresses on the Bitcoin network noted a steady rise, with large addresses, with a balance of at least 1/1k of the total BTC supply, holding about 11% of the total...Read More
Currently, there are five endpoints for ODL transactions in existence which include USD, PHP, AUD, MXN and EUR along with five corridors [USD-MXN, USD-PHP, AUD-PHP, AUD-USD, and EUR-USD]. However, there could be 20 ODL endpoints by the end of the year 2020, according to FlashFX’s Chief Enabling Officer, Nicolas Steiger. FlashFX is the only licensed...Read More
Ever since cryptocurrencies gained popularity as an asset class, tax regulations surrounding it have been problematic and complex for most users. While the US has taken proactive steps to bring greater clarity with regard to the regulatory and compliance-related aspects of crypto, the intricacies of compliance and the consequences of failing to comply remain a...Read More
The on-demand liquidity [ODL] platform, introduced to ease and fasten cross-border remittance problem by Ripple, has been expanding globally. Ripple has on-boarded another bank through its RippleNet member Nium. Nium, formerly recognized as InstaReM, announced a partnership with Banco Topazio on 18 February. The digital cross-border payments platform announced that it has “put the finishing...Read More
Bitcoin is re-entering its golden hour, and the futures market is in awe. On February 18, Bitcoin’s bullish rally of 2020 was set in stone, with the cryptocurrency realizing its Golden Cross. The market effects of this cannot be overstated, especially because the last time Bitcoin entered the cross, the price ballooned by over 90...Read More
With the Bitcoin halving event just three months away, the community is ready for a bull run. Though skeptics suggest the halving has already been priced in, many market participants have made contrasting opinions. While the truth is likely somewhere in between these two views, it could be beneficial to look into the supply distribution...Read More
2019 was an important year for the digital asset industry, with not only the cryptocurrency market doing well, but talk of CBDCs marking a milestone for the industry too. In a recent interview, Mati Greenspan, Founder of Quantum Economics, touched upon CBDCs, as well as the events that may drive up Bitcoin‘s price in 2020....Read More
As Bitcoin’s dominance climbed back to 63% after a brief dive, the altcoins in the market were seen resisting downward pressure after weeks of bullish movement. However, not all altcoins were plummeting. Tezos [XTZ] The latest entrant to CoinMarketCap’s top-10 cryptocurrency rankings, Tezos [XTZ] was buzzing with a market cap of $2.281 billion, at press...Read More
Over the past four days, Ethereum has recorded significant price volatility. After registering a significant dump of around 18 percent over 15-16 February, the market’s 2nd largest crypto-asset jumped right back above the $270 mark. Over the past 24 hours, Ethereum had recorded a positive turn around of 8.01 percent, with a market cap of...Read More
For the Bitcoin world, the two poles are not in the north and the south; they are in the east and the west. China and the United States of America – the two superpowers in the global economic world are also at the center of every Bitcoin price swing. Recent cases show plenty of examples....Read More
Bitcoin hitting the key level of $10,000 was celebrated by the entire crypto-community. However, as the king coin continued to surge higher and touch new milestones, one of the world’s leading cryptocurrency exchanges, Binance, reportedly experienced functionality issues. Addressing the same, Binance has now come out with a blog post clarifying what happened, a blog...Read More
In an effort to make Bitcoin more scalable, Joseph Poon and Thaddeus Dryja proposed the Lightning Network in 2016. The project improves scalability by creating a second layer on top of the Bitcoin blockchain, and substantially improves transaction speed because the transactions don’t need to be approved by all the nodes on the network. However,...Read More
“When we look at a framework, we want regulatory clarity and that’s an important one.” These were the words of blockchain giant Ripple’s CEO, Brad Garlinghouse, who featured in an interview with CNN’s Julia Chatterley. He went on to say that while any remittance market that has a “lot of US Dollar and Euro” flow...Read More
Transparency, as well as privacy, are two crucial pillars that need to be respected during times of distress. With almost 1,770 fatalities in China, over 70,000 total cases reported, at press time, China has turned to blockchain-based solutions to not only fight the crisis. In the latest development, blockchain technology has been aiding the Chinese...Read More
The golden cross which took place recently didn’t immediately project the violent pump expected by the market, though there might still be hope for ETH yet. According to CoinMarketCap, Ethereum has a market capitalization of over $27.12 billion, with over $26.82 billion worth of ETH traded in the last 24 hours. Ethereum 1-hour chart Source:...Read More
Two months in to 2020 and so far, there have been plenty of predictions made on blockchain and cryptocurrency. In a recent panel discussion, Michael Carrier of Forge, Rod Hall of Goldman Sachs, Spencer Bogart of Blockchain Capital, Asheesh Birla of Ripple, Diogo Monica of Anchorage discussed the important trends in the sector. Spencer Bogart...Read More
The second half of 2019 saw Litecoin depreciate by over 75%, and while LTC has seen over 120% gains since the start of this year, it’s also important to note its 52% gain since this time last year. With most altcoins positioned to move up in the weeks to come, LTC might be in for...Read More
There have been a lot of narratives spun around Bitcoin’s upcoming halving, which is slated to happen sometime in May 2020. For example, Galaxy Digital CEO, Mike Novogratz, in a recent interview noted that BTC had the potential to reach and even surpass its all-time highs of $20,000 by May’s block reward halving. Litecoin’s creator...Read More
Bitcoin‘s recent price fluctuation has created a lot of anxiety among crypto investors and traders. Having started at around $7,000 at the start of the year, the top coin has swung wildly above and below $10,000. With Bitcoin’s halving around the corner, many in the crypto space expect Bitcoin to keep climbing up the ladder....Read More
Ethereum aka the World Computer’s migration to the Proof-of-Stake (PoS) from Proof-of-Work (PoW) chain is taking longer than previously anticipated. It’s obvious considering how huge the network has grown. However, the migration hasn’t been going swiftly; several EIPs have been proposed to improve this. Published 5 days ago, EIP 2515 is trying to squash the...Read More
FOMO or not Bitcoin’s second rally above the critical $10,000-mark has reignited interest among the retail investors. The king coin has been consolidating above $9,700 mark. Following this, strong rallies were also seen in the altcoin space. A surge was also noted in terms of search volume of Bitcoin which recorded a spike following Bitcoin’s...Read More
“If there was a crypto exchange-traded fund [ETF], I would buy it. I would buy it for my clients. But I don’t think it is good for crypto.” These are the words of Michael Venuto, Co-Founder of Toroso Investments. While many analysts believe that the launch of Bitcoin ETFs will attract investment in the space,...Read More
Bitcoin’s volatility may scare many investors away from the cryptocurrency ecosystem but at the same time, its rapid price rise is also alluring to many. In fact, it has played an important role in capturing the minds of institutional investors, governments, and casual observers. In 2020 alone, Bitcoin broke the crucial $10,000 mark. Further, many...Read More
The collective crypto-market was recording a market cap of $305 billion, with Bitcoin holding a dominance of 61%, at press time. With the king coin consolidating above $10,000, many of the market’s undervalued altcoins have gained much-anticipated momentum, movement that has gone on to pull down Bitcoin’s dominance to an eight-month low. Is the altcoin...Read More
Ohio is one of the United States’ most pro-Bitcoin states, with the state often taking the lead with regard to crypto-friendly regulations. In fact, it was the first U.S state to accept cryptocurrency for tax payments in the United States. Additionally, Ohio state officials like Josh Mandel and Warren Davidson have often come out in...Read More
