UK government is in-between talks of tightening cryptocurrency regulations for some time now. Recently, a UK based start-up, DAG Global, has applied to become the country’s first bank for cryptocurrency businesses despite regulatory caution, according to a report. The digital banking platform said it would resubmit its application for a banking license next month with...Read More
As has been the case with almost all cryptocurrencies so far this year, Litecoin has made substantial gains over the last five weeks. Sporting a price tag of around $74 at the time of writing, Litecoin has a market capitalization of $4.72 billion according to CoinMarketCap. Litecoin 1-day chart Source: LTCUSD on TradingView At its...Read More
The digital asset trust company and security company, BitGo announced its expansion plans with new custodial entities in Switzerland and Germany. According to the official release of the Palo-Alto-headquartered firm, BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association [VQF], overseen by the Swiss Financial Market Supervisory Authority [FINMA] Its...Read More
The cryptocurrency world had been eagerly waiting for Bitcoin [BTC] to breach crucial resistance at $9.8k and enter the $10k club. Even though Bitcoin’s price did surge past the $10k mark, it couldn’t hold it. Following the $10k spike, Bitcoin fell by 4.55% and despite several recovery efforts, it couldn’t retrieve to $10k. At press...Read More
Bitcoin recently crossed the $10,000 level for the first time since last year, an important psychological level and quite likely a sign of a more positive market sentiment. Though Twitter did see the usual friction between altcoin communities (each thinks the other is a scam), it feels like the cryptocurrency space is gearing up to...Read More
China, with its central bank digital currency, dubbed, ‘DCEP‘ is advancing its development toward replacing coins, banknotes, and other money equivalents. China had recently implemented a law on January 1st, 2020 that aimed to govern password management, as part of its plans for DCEP’s release. While rumors regarding the development of a Chinese CBDC gained traction...Read More
Bitcoin Cash started 2020 at around the $200 level, quite a far cry from the cryptocurrency’s all-time high value. Since the start of the year, however, BCH rose by nearly 125%, valued at around $456 at the time of writing. According to CoinMarketCap, Bitcoin Cash had a market capitalization of over $8.2 billion, with nearly...Read More
Decentralized finance [DeFi] has continued to gain steam in the past couple of months. The latest milestone includes surpassing $1 billion Total Value Locked [TVL]. Source: Binance Research | Monthly unique users in Ethereum DeFi in 2019 Interestingly, Ethereum’s use in DeFi continues to expand since most of the decentralized financial ecosystem, so far, is...Read More
Bitcoin’s surge past the $10,000 mark is, according to many observers, an expected bull run before the halving event slated for later in the year. With Bitcoin’s halving, the scarcity of the king coin is going to increase dramatically and may cement its position as a significant competitor to gold. In a recent Tales from...Read More
Litecoin and other altcoins are certainly experiencing an altcoin rally, however, it’d be premature to call this an ‘alt season’. As for Litecoin [LTC], it has surged by a whopping 105% in just 37 days, pushing its price from $38 to $78. The market cap of Litecoin has doubled from $2.5 billion to $5 billion....Read More
Earlier this month on Twitter, Ethereum co-founder Vitalik Buterin posed the question of whether transactions using CBDCs, such as the one recently proposed by China, would be cryptographically provable. Important tech question about these CBDCs that are starting to pop up (CC @mg0314a): will transactions be cryptographically provable? That is, if I send you...Read More
Thanks to its innovation around building decentralized applications [DApps], Ethereum became crucial for the ICO space. However, the 2017 ICO boom and bust attracted a lot of bad press for the ecosystem since a large portion of many ICO scams leveraged Ethereum blockchain. Highlighting the ICO phase, Camila Russo, the Founder of The Defiant, in the...Read More
Four months since the last coming of the five-figure heaven, Bitcoin is once again back. During the early hours of 9 February, the premier cryptocurrency broke the $10,000 mark. At 0320 UTC, Bitcoin saw a massive 0.5 percent price increase on the 5-minute candlestick, taking it from $9,985 to $10,0025. However, it was not hunky-dory...Read More
Market data and charts are key fundamentals that allow investors to analyze potential crypto-assets in the market. And while the crypto-market has been in existence for over a decade, the fact that the industry has been in the mainstream for just a few years makes a constructive study of the market using long-term statistics difficult....Read More
Over the past few days, Ethereum has been one of the top-performing crypto-assets in the industry. The token recently breached the $200 mark and since 5 February, the crypto-asset has surged by over 20 percent. Bitcoin recorded a hike of 7.75 percent over the same time period. At press time, Ethereum was priced at $225.30...Read More
Malta-based Binance, one of the world’s leading crypto-exchanges, will soon add new fiat gateways for Norwegian, Russian, and Croatian fiat currencies in the near future. During CEO Changpeng Zhao’s first AMA of 2020, the CEO of the Malta-based crypto-platform revealed that the team is looking to tap into more markets after launching P2P trading of...Read More
Binance’s CZ aka Changpeng Zhao made quite a few announcements in his first AMA for 2020. The AMA revolved around Binance DEX which runs on the Binance Chain. Among other updates, CZ also spoke about listing fees for projects on DEX, fees that are said to start at a whopping $100,000. Binance Chain Binance has...Read More
The Cardano ecosystem has been focused on maintaining and enhancing the Shelley Incentivized Testnet. The progress made in terms of the ITN has been substantial. Communications Director at IOHK, Tim Harrison, recently compiled the latest ITN stats, revealing that Cardano has reached 1,046 number of registered stake pools out of which 87.2% are registered by...Read More
Malta-based Binance and India’s WazirX have undergone several developments together over the past few months. Soon after one of the world’s largest crypto-exchanges announced the acquisition of the India-based crypto-trading platform, a sense of optimism enveloped India’s crypto-ecosystem. According to a recent announcement by Binance, the Malta-based exchange would now be integrating WazirX’s P2P trading...Read More
The competitive drive between Ethereum, EOS, and Tron over decentralized applications or DApps continued to escalate in 2020. Justin Sun’s Tron was able to surpass EOS DApps for the first time last month, however, it continued to lag behind Ethereum’s dominance. In terms of popularity as well, Ethereum‘s DeFi sector grabbed all the attention as...Read More
The derivatives market has been one of the largest benefactors of the recent bullish rally. Bitcoin’s price is up by more than 35 percent since 2020 dawned and December’s bearish doubts have been cast out over the last 36 days. According to Arcane Research’s recent report, retail and institutional investors agreed on Bitcoin’s Futures valuation...Read More
January’s bullish sentiment has managed to permeate February as well with the market’s major crypto-assets registering a positive 1st week. Bitcoin registered another hike of 5.13 percent and the world’s largest crypto-asset breached its key resistance at $9700 on 5 February. However, the altcoins managed to rally better than BTC over the same time period....Read More
Switzerland’s Financial Market Supervisory Authority [FINMA] on 7 February announced a new, streamlined ordinance, one amending current ordinances and circulars, while abolishing three circulars. It is aimed at passing new rules that would impact the regulation of crypto-transactions in the country. The new Financial Services Act FinSA and Financial Institutions Act FinIA were implemented on...Read More
Ripple‘s Co-founder Jed McCaleb bowed out of Ripple in 2013, following which he signed a contract with the company to establish how much of his assets McCaleb can sell. McCaleb claimed to own 9 billion XRP at the start of the Ripple ledger and according to Whale Alert, McCaleb has sold over a billion XRP...Read More
SFOX’s market report for this month showed that all major crypto-assets finished January with significant month-on-month gains — with some unexpected contenders like Bitcoin SV and Ethereum Classic rising by over 100%. While prices have been on the rise, coupled with substantial growth in offered institutional products and regulatory clarity, there are still several unknown...Read More
The cryptocurrency market has been witnessing a rise in the price of most crypto-assets. Led by Bitcoin, most major cryptos were a part of this bullish wave. Ethereum, the world’s second-largest coin reported YTD gains of around 57%, outperforming BTC’s gains of 35%. With the price of digital assets climbing, DeFi also managed to mark...Read More
Ethereum’s imminent switch to a Proof-of-Stake consensus algorithm has been picking up significant traction over the past year. The divide between Proof-of-Work and Proof-of-Stake assets has also been increasing lately with Proof-of-Stake assets continuing to promote mainnet launches. However, PoW assets had an upper hand in 2019. According to a recent report, Bitcoin remains the...Read More
2019 was not an easy year for crypto-derivatives exchange BitMEX. In July, the U.S. Commodity Futures Trading Commission (CFTC) launched an investigation into BitMEX to see whether it had deliberately allowed American citizens to trade on the unregulated platform. November saw the exchange accidentally leak sensitive user data through an error applying a blind carbon...Read More
According to research by BitMEX, over 60,000 non-cooperative channel closures took place on the Bitcoin Lightning Network, out of which 72% were related to public channels and the rest were private channels. BitMEX took another look at these closures based on Bitcoin’s value, instead of the channel count-based metric. The 60,000 non-cooperative channel closures transactions...Read More
With approximately 96 days to the next Bitcoin halving event, traders, analysts, and market participants have been caught scratching their heads with regard to what its implications might be. The argument around whether the halving event is already priced in or not walks a precarious tightrope between proponents and naysayers. Regardless of what happens, it’s...Read More
