Over the years the number of cryptocurrency wallets has been increasing; latest data from Blockchain.com revealed an exponential increase and by the last week of January 2020, the number of cryptocurrency wallet users increased to over 45 million. A sharp increase was noted in the second quarter of 2019 when the numbers shot above 40...Read More
Ethereum’s valuation received another boost over the past 24-hours as the price spiked from $170.36 to $186.40. Major resistance at $175.06 was breached in the process as the asset managed to cross the $180 mark. At press time, Ethereum continued to consolidate above at $182.78 but major indications for a pullback were surfacing in the...Read More
Bitcoin’s price has been surfing turbulent waters over the past 3 months. Dipping to $6900 and spiking up to to $9400 in a span of 90 days, marked a volatile 3 months for the largest digital asset. However, Bitcoin’s difficulty and the hash rate continued to rise over the past 90 days. BTC’s difficulty and...Read More
Digital currencies are seeing greater adoption and a lot more clarity regarding their regulatory status’. However, for many traditional investors, the technological intricacies surrounding cryptocurrencies is still unchartered territory. A week ago, CEO of Euro Pacific Capital, Peter Schiff made the headlines within the crypto community when he took to Twitter to blame Bitcoin when...Read More
$7000, $8000 and now $9000! Bitcoin continued its new-found bullish momentum, breaching past its recent major resistance at $9000. The latest spike marked the sixth time BTC marched above the 9000 range since its inception, triggering major bullish sentiment among the king coin enthusiast. Source: CoinStats With the big $10,000 resistance again under its radar,...Read More
The leading fungible cryptocurrency – Monero – witnessed a major network upgrade in November 2019, with the network seeing a shift from the CryptoNight R algorithm to RandomX. The upgrade was a part of its constant effort to ward off application-specific integrated circuit mining [ASIC mining], thereby ensuring mining decentralizing by empowering CPU miners. Interestingly,...Read More
Josh Goodbody, former Huobi counsel and regional director has now taken over as the new director of European and Latin American Growth and Institutional Business at Binance, the Malta-based crypto exchange, according to an official blog report. Goodbody will be in charge of building the exchange’s European and Latin American retail and institutional customer base....Read More
Sumitomo Mitsui Banking Corporation (SMBC), Japan‘s second-largest financial institution, has recently partnered with SBI Holdings to build a Blockchain-based financial service platform, according to a report. SMBC entered the partnership under the SBI umbrella intending to expand the distributed ledger services into corporate trade finance and individual bank remittances. Additionally, as a part of the...Read More
Ripple’s XRP-powered cross-border payment solution, On-Demand Liquidity [ODL] has seen an exponential rise since last year. The XRP/PHP trading pair on the Manila-based exchange Coins.ph, which leverages Ripple’s ODL, created a new record. Liquidity Bot Index revealed that XRP/PHP hit an all-time high of 2.7 million XRP on 29th January. Its previous high stood close...Read More
When the news of child porn website, Welcome to Video, was cracked down by the FBI with the help of Bitcoin, a majority of the community speculated that the cryptocurrency would cease to be the king coin of the darknet. Thereby, resulting in vendors opting for a cryptocurrency that would be privacy-oriented such as Monero....Read More
Bitcoin Futures demand saw a rise in 2020, with the Chicago Mercantile Exchange [CME] reporting a surge in open interest. While the recently acquired ICE – Bakkt noted a subdued performance, CME was bullish with strong June premiums, according to Arcane. However, according to the CEO of FTX, Sam Bankman-Fried, there was a divide between...Read More
Blockchain analytics venture, Chainalysis informed that the total darknet market sales of cryptocurrencies grew 70% in 2019. The sales in 2019 amounted to $790 million, making it the first time the sales surpassed $600 million. Source: Chainalysis The report added: “…for the first time since 2015, darknet markets increased their share of overall incoming cryptocurrency...Read More
The year 2019 saw 11 exchanges being hacked, resulting in the theft of almost $2.8 billion in bitcoin. According to an earlier report, the stolen bitcoins were moved into several exchanges with bulk movements to Binance and Huobi. However, new research from Chainalysis stated that over $600 million worth of bitcoin was spent on the...Read More
Over the past 3 days, Litecoin registered a 15.12 percent growth on the back of another spike, as its valuation crossed the $60 dollar mark. At press time, LTC’s price remained just above $60. 1-hour chart LTC/USD on Trading View The 1-hour chart of Litecoin exhibited consistent growth registered after over the past 5 days,...Read More
Since the start of January, the mid-cap crypto index had registered collective growth of over 50 percent till the end of 3rd week. The small-cap crypto index registered a positive spike with well over 35 percent returns since January 1st. The sentiment has been subdued a little over the past week, as according to Coinmetrics’...Read More
YouTube has for the longest time defined and influenced our day-to-day life along with other social media platforms such as Facebook, Instagram, and Tiktok. News breaks here, trends are set here, money is made here; they are the go-to platforms. YouTube alone has contributed to the success of several people like Justin Bieber, PewDiePie, Jeffree...Read More
French football club Paris Saint-Germain (PSG) launched its new crypto-token today. Back in 2018, PSG had agreed to partner with Socios.com in a bid to leverage blockchain technology to enhance fan engagement. The fan tokens are available on Socios.com as part of an initial token offering and will provide fans with the opportunity to participate...Read More
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing...Read More
The interest and demand in the derivatives market had increased significantly in 2019 with major mainstream organizations entering the frame. The spike in institutional interest was evident but the year closed on a relatively low point in December. According to Crypto Compare’s recent report, it was indicated that regulated bitcoin derivatives product volume of CME...Read More
Bitcoin price has definitely kept everyone at the edge of their seats, but the failure of Bitcoin exchange-traded funds [ETF] has been another talked-about topic through 2019 and 2018. Numerous prominent players have tried and failed at acquiring approval from the US regulators. However, 2020 may not be the year of ETFs, according to Michael...Read More
BitMEX Research’s previous data had stated over 60,000 non-cooperative channel closures took place on the Bitcoin’s lightning network. A non-cooperative channel closure takes place when a lightning network node initiates the closure of a payment channel without directly communicating with the node linked to the channel. BitMEX, in its recent research took an in-depth look...Read More
Since XRP’s brief tryst with the $0.25 level on January 18, the cryptocurrency saw a steady decline over the following week to under $0.21. However, XRP has risen in value since then to around $0.232 at the time of writing, and the coin’s aspirations of meeting the $0.25 level again may be finally within reach....Read More
The Supreme Court resumed hearing in the ‘Crypto V. RBI’ case on 28 January and is yet to pronounce a judgment. With IAMAI’s counsel, Ashim Sood and cryptocurrencies exchange counsel Nakul Dewan, the judges’ bench was presented with various arguments against RBI’s “decision to control consumer behavior”. Sood argued that the central body failed to...Read More
Bitcoin has been historically volatile. The king coin sustained massive volatility in the latter part of 2019. From the crucial $10k-mark, Bitcoin dropped to a low of $7.48k in September. While the coin did manage to breach $9k, the upward trend did not last long. In December, the price of the coin further declined to...Read More
“Libra, invariably because of the potential scale of the project, has been a force multiplier of changing the scope of the conversation.”, said Libra Association vice-chair, Dante Disparte. Libra did manage to send shockwaves across the halls of Congress and initiate the much-needed conversations about the sector. But considering Facebook’s tryst with the US regulators,...Read More
Bitcoin Cash miners have been left with a bitter taste in their mouths after BTC.TOP’s CEO Jiang Zhuoer published his proposal to direct 12.5% of mining rewards to support the BCH infrastructure over the next six months. In response, anonymous North American and European miners have announced the formation of an, “opposing mining group.” “We...Read More
Latin America is reportedly seeing increasing adoption of blockchain technology and cryptocurrencies, with Statistica reporting the region holds the largest number of cryptocurrency users in the world. Through this adoption, Latin America is creating innovative methods to shape public policy, fight fraud, reduce theft, and squash corruption. Since most of Latin America has been through...Read More
September 2019 saw ETH drop from $220 to $254 in just a matter of days, and Ethereum hasn’t been able to move back above the $210 mark ever since. However, the daily chart indicated that this level might not be out of reach for much longer. CoinMarketCap showed, at the time of writing, ETH with...Read More
Bitcoin Cash, the famous fork of Bitcoin, has been the center of crypto-controversy for the past few days, and the reason behind it – one of the proposals presented for the upcoming network upgrade, scheduled to take place in May 2020. The announcement made by one of the largest mining pools – BTC.Top stated that...Read More
The upcoming Bitcoin halving set to happen sometime in May 2020, has been anticipated by many in the crypto community. Contributors and researchers have jumped into the discussion and made their comments on how the price fluctuations and the performance of the coin after the halving could play out. Looking back,Litecoin‘s halving in August 2019...Read More
