Leading cryptocurrency exchange, Binance’s estimated trading fee revenue in December 2019 was $18.7 million. The estimated trading fee revenue was calculated using CryptoRank.io reported volumes for December multiplied by average trading fees listed on the websites of the exchanges. The study which was conducted by CryptoDiffer revealed that the CZ-led platform was trailing behind the...Read More
Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in...Read More
The advent of Bitcoin led to the inception of several other cryptocurrencies in the market, with each coin promising to solve a different ‘problem’, and presenting its own monetary model. There are some crypto-projects that decided to have a hard cap on its supply, and there are also other coins that decided not to have...Read More
The popularity of crypto-mining in Iran due to low electricity costs has been evident. In the latest news, Iran’s Ministry of Industries, Mining and Trade recently issued 1000+ licenses for cryptocurrency mining units, according to a report. A limited number of authorized mining farms were active across the country. Amir Hossein Saeedi Naeini, an official...Read More
Bitcoin and stablecoins have always been locked in a chicken-and-egg situation. Did the decentralised currency based on principles of mathematics and logic precede the digital representations of stable assets? This age-old question was addressed by Nic Carter, co-founder of CoinMetrics. He stated that while the principle of stable digital currencies preceded Bitcoin, the current crop...Read More
Let’s say you’re given a wish. You can wish for anything *provided it fits into your pocket* What parameters would you employ to make your decision? If I were to chance a guess, you’d want it to be-liquid. convertible. stable. legal [maybe not], and universal. What assets would you want? A few hundred dollar bills?...Read More
DeFi continues to be a contentious topic in the blockchain industry. In recent months, the total USD locked in DeFi hit an ATH and is likely to see a significant increase. However with regard to DeFi adoption, many are still a bit more skeptical. Aleks Larsen, Investment Associate at Blockchain Capital in a recent conversation...Read More
As the Wuhan coronavirus continues to spread, more than 2,000 people have been infected so far and the death toll has risen to 56. However, the World Health Organization recently said that it was a bit too early to declare the outbreak “a public health emergency of international concern”. Spreading across China, reports came said...Read More
A little bit of pessimism is a healthy perspective, especially when you are keeping pace with the digital assets industry. After Bitcoin‘s momentous surge this month, the past week’s correction of 6 percent has made some bulls in the market quite uneasy, with many fearing a drastic pullback below the key support range of $8100-$7900....Read More
Ethereum Classic [ETC] recently underwent a successful network upgrade on 12 January. The Agharta hardfork included features from the Ethereum Constantinople opcodes, with the same contributing significantly to the interoperability between ETC and Ethereum. During an AMA hosted by Messari, Bob Summerwill, Executive Director at ETC Cooperative and Kevin Lord, Ethereum Classic Community Manager at...Read More
With Bitcoin gaining more importance in the current market, certain centralized institutions fear that Bitcoin‘s decentralized monetary policy might eventually take over and destabilize the authority or control major central banks wield. Bitcoin’s monetary policy has been discussed fervently for a while now, with many major assets trying to follow the path set by the...Read More
In a bid to further extend developments in the Cardano ecosystem and bolster the adoption of ADA, Nathan Kaiser, Chairperson and Chief Legal Counsel of the Cardano Foundation has now revealed the Foundation’s work with Zurich-based GenTwo AG. On the sidelines of the World Economic Forum 2020 in Davos, Kaiser stated, “The Cardano Foundation has...Read More
Digital currencies are increasingly being viewed as a reliable alternative off-late. Be it U.S-Iran tensions or the economic slowdown in developing countries, people are now curious about cryptocurrency and its use cases. However, the Governor of the Bank of France, Francois Villeroy de Galhau, believes otherwise. In a statement released on 25 January, the Governor...Read More
The new year has brought in increased demand for Bitcoin Futures, with the Chicago Mercantile Exchange [CME] reflecting increasing open interest. According to a recent report by Arcane, CME continued to stay more bullish than other platforms, with June premiums looking strong. Source: Arcane Research While the premium on March contracts appeared to align between...Read More
The crypto-community’s eyes today are keenly centered on Bitcoin’s third halving scheduled for May 2020. And while the king coin’s volatility declined this week, Bitcoin’s volatility was surging throughout December 2019. That being said, the uptrend in volatility since December is “still intact,” noted a recent study. Bitcoin’s price has been consolidating, despite it breaking...Read More
England’s Lancashire Cricket club recently announced that it has teamed up with TIXnGO, a blockchain mobile ticketing platform, to enable mobile ticketing via blockchain for all domestic and international fixtures at Emirates Old Trafford. With this, the club thus became the first-ever cricket club to use blockchain technology to sell tickets. The main advantage of...Read More
After briefly touching the $9000 mark on 14th January, the largest digital asset consolidated for the next 8 days. The slump arrived on 23rd January, which resulted in a 4.41 percent drop and the bears surfaced again. However, Fundstrat’s Tom Lee remained unfazed. According to a recent segment of CNBC’s Fast Money, Lee believed that...Read More
Stablecoin’s value proposition comes from its inherent feature of being censorship-resistance and increased stability than most conventional cryptocurrencies. Tether, being the most popular one, was expected to follow this norm. Most critics of Tether still argue whether this stablecoin is, in fact, censorship-resistant or not. According to Jeremy Allaire, CEO of Circle, Tether is not...Read More
It seems like we’re just not content with a bullish scenario involving Bitcoin; a bearish narrative is always around the corner! After a 6 percent drop over the last 3 days, the community speculated whether the upcoming Chinese New Year will have yet another bearish setback on BTC‘s price. A historical storyline that has played...Read More
The XRP community faced a bump on 24 January when Twitter decided to ban the XRP Tipbot account, a service developed by Wietse Wind, an XRPL developer and founder of XRPL Labs. Wind informed users about the ban and explained that the tips on Twitter were not being processed; he also reassured them that the...Read More
Bitcoin’s constant deterrent towards true decentralization can be attributed to the centralization of mining, with several people expressing concerns over mining sector concentrating in China in particular. A move taken to make mining more decentralized was made by Blockstream – a bitcoin and blockchain technology firm. Unveiling Blockstream mining and pool in August 2019, the...Read More
According to CBInsights’ latest report on blockchain startup investments in 2019, despite a drop in total funding dollars, investment activity in the fourth quarter of 2019 points toward pockets of opportunities for blockchain technology adoption in enterprise applications. The report also stated that total equity funding to the space, a measure of investor enthusiasm, fell...Read More
2019 ended with Bitcoin‘s price doing fairly well, and the SEC still not having approved an ETF, and interesting, the new year also followed another similar pattern with Bitwise Asset Management withdrawing its application for an ETF. With the United States Securities and Exchanges Commission continuing to show reluctance towards approving an exchange-traded fund, several...Read More
It is a great time to speculate prices in the digital asset industry with the apparent presence of bulls in the market. January 2020 catalyzed the dormant markets, and the curiosity of various analysts was piqued, on whether the current momentum would persevere over the next few weeks. Ethereum’s valuation surged past $160 mark on...Read More
At the World Economic Forum in Davos, IOHK CEO, Charles Hoskinson spoke about how Bitcoin, cryptocurrencies and blockchain technology can help the world solve numerous problems that societies struggle with today. “The whole world is changing,” he said. “We’re going from fragmented siloed markets that live within the borders of countries to one global market.”...Read More
The Chicago-based crypto derivatives platform, ErisX has partnered with Etale’s institutional trading platform. This partnership aims to enhance the trading experience for institutional investors. According to the official release, this would enable users of the Wall Street-backed cryptocurrency exchange operator to view real-time market data, manage account balances as well order execution via a secure...Read More
Leading cryptocurrency exchange, Gemini announced the completion of its independent SOC 2 Type 2 examination. With this development, Gemini became the first crypto platform and custodian to complete a SOC 2 Type 2. SOC 2 Type 2 examination essentially covers the security compliance of the platform and Gemini Custody. In the latest blog post, Yusuf...Read More
The XRP ledger has closed over 51 million ledgers since its creation and is today, home to over 150 known validators, according to Ripple’s recently-released Q4 report. And while many have alleged the firm ‘controls’ the third-largest crypto-asset’s price, Ripple in its report highlighted its transparency, claiming that it has provided regular updates on the...Read More
In an excerpt from its upcoming ‘2020 Crypto Crime Report,’ Chainalysis addressed cases of cryptocurrency exchange hacks over the years, while tracking where the funds went after they’re stolen. The report also addresses the perpetual war between crime and law enforcement. In 2017, four exchanges were hacked, amounting to $86 million in stolen funds for...Read More
After a turbulent start to the new year, crypto-market sentiment appears to have improved. The market saw a pump in Bitcoin SV’s stagnant price, making it the top-performing crypto-asset over the past week. However, Bitcoin continued to lead the crypto-market due to the increased correlation between the world’s largest crypto-asset and altcoins. According to a...Read More
