Bitcoin’s adoption has improved over the years, but a part of the community feels that its adoption will eventually reach a dead end. Christopher Allen, former Principal Architect at Blockstream, is among those who are concerned about Bitcoin‘s lack of adoption lately, hinting at the need for scaling solutions like the Lightning Network. However, according...Read More
In a quick update to the community, Ethereum 2.0 developer Danny Ryan provided an outline of the progress made toward eth2 development and the optimization improvements made over the last few weeks. He spoke about the recently completed audit and formal verification of the eth2 deposit contract bytecode by Runtime Verification, and how it is...Read More
Bitcoin and its holders experienced a fruitful 2019 with almost 90% in recorded returns. However, there has been an ongoing debate about the treatment of crypto-assets, especially when it comes to the returns generated by holders of a particular asset. According to CoinMetrics’ recent report, cryptocurrencies are not just an incremental asset class innovation, but...Read More
In the latest issue of its weekly ‘State of the Network’ report, blockchain data analytics firm CoinMetrics explored market data over the past week and provided insights into Bitcoin and cryptocurrency market movements, as well as plausible explanations for the same. CoinMetrics used five cryptocurrencies in their sample set, of which all saw a 20%...Read More
Cardano has seen a lot of positive movement this year, with the ADA token recording significant gains in the first month of 2020 alone. However, this might not be the end of its glory days as some bullish movement looks plausible in the short to medium term. At the time of writing, ADA had a...Read More
The world of cryptocurrencies has been dictated to be a decentralized world. However, with the community wanting to extend the use case of crypto to a global level, a certain level of centralization is ought to set in. However, ETC Developer Donald McIntyre introduced the community to a principle of permissionless fallacy, an idea that...Read More
Bitcoin has been around for more than a decade and its success has been measured on different levels over the years. Many attribute the reason for its success to be successful financials or its adoption, whereas others recognize its importance for its introduction of decentralized control over an individual’s money. During a recent segment of...Read More
Blockchain solutions provider, Block.one, recently announced that it would be offering $200,000 to the individual, team, or organization that is able to complete its proposed challenge. The challenge entails creating an EOSIO smart contract capable of storing and invoking “Ethereum Virtual Machine (Solidity) smart contracts in an Ethereum-like environment.” According to the announcement post, the...Read More
Bitcoin’s ‘digital gold’ narrative has been crucial to the growth of the world’s largest digital asset over the years. In a recent interview with CNBC, Terry Duffy, CEO of the CME Group, discussed Bitcoin’s ‘digital gold’ narrative again, going on to claim that the digital asset’s position is strengthening, when compared to gold. When asked...Read More
Creator of the Bankless program and Mythos Capital founder, Ryan Sean Adams, recently published an article discussing why stablecoins are not parasites on the network, but one of the biggest reasons to be bullish about Ethereum. In the article, Adams explained how Ethereum is the dominant network for fast-paced, growth-oriented stablecoins, with bank and protocol...Read More
Malta-based crypto-exchange Binance is all set to roll-out perpetual contracts for privacy coin Zcash [ZEC]. The ZEC/USDT perpetual contract will go live on 5 February at 8:00 AM [UTC]. This is the third privacy coin to be listed for perpetual contracts in less than a week, the first being Monero. XMR/USDT began trading on 2...Read More
2019 recorded a slew of developments in the derivatives market. The size and accessibility of crypto-derivatives have prompted this space to post some staggering figures. According to the latest edition of Binance Research for the month of January, the volume on Binance Futures recorded an increase of 85% month-on-month, with $56 billion traded across its...Read More
While Bitcoin has recorded significant growth in valuation over the past month, the king coin’s ‘trading dominance’ has, however, fallen below 40% on Binance’s platform in January. Leading crypto-exchange platform, Binance recently published its January review and according to the post, the coin registered a trading dominance of 38.17% in the first month of the...Read More
Ripple‘s on-demand liquidity platform noted an exponential rise of 550% between Q3 and Q4 of 2019. This increased level of activity was largely contributed to by the Mexican corridor, a corridor that still holds a large volume of ODL transactions. However, recently all three active corridors, XRP-MXN, XRP-PHP, and XRP-AUD, recorded new highs. According to...Read More
Bitcoin’s price noted a boost of just over 8% over the past week. This push caused the price of the world’s largest cryptocurrency to rise above its $9k resistance and it was valued at $9,336.77, at press time. Such growth was also noted among major cryptocurrencies, with Ethereum [ETH] surging by over 12%. According to...Read More
Mastercard was one of many to unfriend Facebook‘s Libra, with many top-notch investors backing out of the project citing regulatory concerns. In a recent interview with Financial Times, Ajay Banga, Mastercard’s Chief Executive, claimed that the Libra Association’s key members would not give a hard commitment to “not do anything that is not fully compliant with...Read More
Over the years, breaching attacks in the cryptocurrency industry has made headlines. Even established platforms had their security compromised at the hands of malicious attackers. But with the rising trend of hacks and compromises, there has been substantial development towards curbing these activities too. Kraken’s recent revelation of a vulnerability in Trezor hardware wallets posed...Read More
As technology advances, risks associated with it also increase. In this age when personal data is collected by social media and various other platforms at every step, none of it really remains private. In a recent talk, Diogo Monica, co-founder and the President of crypto security company Anchorage, talked about the use of crypto in...Read More
The second-largest cryptocurrency aka Ethereum [ETH] has pumped more than 7% in the last 4 hours or so. In terms of BTC, it has pumped by 4.25% making 1 ETH equivalent to 0.0202 BTC at press time. However, this rally is running on fumes and is bound to head lower in the upcoming day. Pumping...Read More
Since it’s inception, the case of whether Bitcoin should be hodled or not has always been debated. Two main objectives cause contention, should Bitcoin be a store of value, akin to digital gold, or should it be used as a medium of exchange similar to using dollars to buy coffee. While this caused divisions, fervor,...Read More
Bitcoin closed January in bullish fashion, ending with a 30 percent-plus price increase. While this set a positive tone for what could be a big year to follow, with the halving less than 100 days away, the altcoins are not too far behind. According to the latest report by Arcane Research, the mid-cap cryptocurrencies i.e....Read More
Binance, one of the world’s largest cryptocurrency exchanges, added Monero [XMR] to its Futures market. Binance Futures announced the launch of XMR/USDT perpetual contract today. This update comes just weeks after the exchange announced that Stellar Lumens [XLM] paired with USDT perpetual contracts would be supported on Binance Futures. In the announcement, the company stated...Read More
Bitcoin just gots its own emoji on Twitter! This was the top trending news today on crypto Twitter. Having been around for more than a decade, Bitcoin is, at last, being recognized (by institutions) and by Twitter. To use the Bitcoin emoji, just type the hashtag of Bitcoin(#Bitcoin), and the emoji just pops up. The...Read More
As network stability remained the focus for the Cardano ecosystem, Dimitris Poulopoulos, Project Manager for the Shelley Incentivised testnet addressed some key updates on its progress. This week the Cardano community saw the release of two versions of Jormungandr Node – 0.8.8 as well as 0.8.9. According to Poulopoulos, the 0.8.9 version was essentially made...Read More
David Burkett, the Grin++ developer who also acted as the lead dev working on the proposal to integrate MimbleWimble [MW] onto the Litecoin network, revealed some interesting details. The official blog published by the dev revealed that he found a way to support “non-interactive transactions” in MW. He stated, “The biggest news from January is...Read More
The rise of bitcoin and its increasing popularity along with its ability to dominate the cryptocurrency world has led to a barrage of altcoins. Among these King Coin aspirants, recent debates have revolved around the role of stablecoins and CBDCs regarding their pitfalls and innovations that they bring to the table. While bitcoin provided a...Read More
Bitcoin’s narrative has evolved over the years. A reason for this could be due to the increase of a plethora of innovative products. Take, for example, the futures, options, derivatives, etc, all of these in combination with institutional onboarding has caused Bitcoin to mature as an asset. According to Genesis Capital, a crypto lending firm,...Read More
Yet another battleground for Bitcoin and gold. In 2019, while the yellow metal saw a consistent rise, reaching a 6-year high, its luster, in the face of Bitcoin’s massive rise, on the fundamental and the technical side, was overshadowed. The markets paint a different picture of how the larger public looks at the cryptocurrency and...Read More
Founder and managing director of Autonomous Partners, Arianna Simpson, recently took to twitter and officially announced that she would be joining the a16z crypto team as a deal partner. Many noted crypto investors and enthusiasts appreciated the move and congratulated Simpson. 1/ I have some news! I’m thrilled to announce I’ll be joining the @a16z...Read More
Over the month of January 2020, the top assets have undergone continuous re-shuffling in terms of ranking, with Litecoin and EOS engaged in a close battle for the 7th position. At press time, Litecoin held a small lead of $10 million over EOS with a market cap of $3.98 billion. The silver counterpart for Bitcoin...Read More
