The Cardano ecosystem has long been touted as one of the most innovative blockchain networks in the industry. The CEO of IOHK, the company behind Cardano, Charles Hoskinson, hopes that ADA will be the most predominant force in the cryptocurrency space by the end of 2020 and expects it to become a true social operating...Read More
Bitcoin wallets and their safety have been one of the primary concerns lately in the crypto-community, in light of the fact that crypto-wallets contain information on the secure private key that is used to access Bitcoin addresses and carry out transactions. With the increasing number of cyber-attacks and online thefts in recent times, tensions over...Read More
Over the course of 2019, Bitcoin Cash had registered impressive adoption metrics in Australia. As reported previously, Roger Ver’s BCH was advancing its retail trade and outperforming the likes of even Bitcoin, ETH, and Litecoin by a huge margin in the land down under. According to the presented data, BCH had registered sales of $36,430...Read More
It was no surprise that Bitcoin was birthed in the aftermath of the collapse of the traditional financial market. Corruption in banks and governments positioned the cryptocurrency, untethered from both realms, to make its mark on public minds and thereby become a beacon for financial freedom. More than a decade later, Bitcoin is seen more...Read More
When it comes to privacy-oriented cryptocurrencies in the market, Monero has always been the coin that stands out the most. The cryptocurrency, that recently saw a successful algorithm shift from Cryptonight R to RandomX, was the main subject discussed by Diego Salazar, in an interview with AMBCrypto. Salazar stated that the fungible cryptocurrency represented “trustless...Read More
In an effort to shape blockchain-focused policies, Binance.US, the United States-centric arm of the Malta-based Binance, has announced that it has joined the Chamber of Digital Commerce as part of its Executive Committee to bring in education, advocacy, and industry-wide regulatory development. According to Binance.US’s official blog post on the same, the crypto-exchange and the...Read More
Bitcoin has been extremely resistant to major price movements over the past month, with the world’s largest digital asset reaching a consolidation phase between $6800 and $7500. However, that particular narrative may soon change according to Antoni Trenchev, Head of Bitcoin lending platform, Nexo.io. In a recent interview with Bloomberg, Trenchev lauded BTC‘s immense growth...Read More
The start of the new decade was a fresh start for Bitcoin too as the coin noted a sudden surge on 3 January, pushing its price above $7,200. According to recent research by Arcane, it was found that the market sentiment had stabilized. The Fear and Greed Index was found to be holding stable over...Read More
The cryptocurrency market is often discredited for its shorter period of existence. When compared to traditional markets, Bitcoin’s market has had only 10 years of active trading, which is why people tend to constantly overlook its sustainability in the longer run. This popular opinion was recently called into question after Sean Nance, a Bitcoin trader,...Read More
2019 has been crucial to the emergence of the crypto-derivatives market. Many industry experts believe that this sector would soon replicate “positive figures exhibited by the traditional market” as crypto-derivatives become more and more popular with institutional traders and investors continue to jump into the bandwagon. For a long time, the derivatives space was dominated...Read More
Bitcoin began its year on a negative note. Its price fell below $7,200 on the second day of the year. The much-awaited Santa Claus rally didn’t materialize for the world’s largest cryptocurrency as the optimism fueled by the holiday spirit did not really catch up with the coin’s price. However, soon, the price did rebound....Read More
Etheruem, one of the largest smart contract platforms, will be seeing a transition to Ethereum 2.0 phase 0 in Q1 of 2020. The shift from a Proof-of-Work network to Proof-of-Stake has undoubtedly been one of the most awaited upgrades in the community as it aims to solve one of the main pain points – scalability....Read More
Bitcoin‘s price spiked on 3 January by 7.08%, with its price jumping from $6,853.53 to $7,339.08. The rising price of the digital asset strangely coincided with reports of an airstrike at Baghdad’s airport, one that killed the Head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani. The President of the United States,...Read More
Bitcoin‘s pump on 3 January came as a surprise; the pump contributed to BTC shooting from $6,853 to $7,369 in a span of 8 hours. During times like these, there are bound to be many liquidations, many worth hundred-millions. At press time, the price was staring at the resistance that it failed to breach during...Read More
2019 in the cryptocurrency space was pretty much all about Bakkt, Bitcoin‘s price, Facebook’s Libra, and China‘s state-backed digital currency. While China has been up-and-running in terms of planning out its digital currency, one of the main concerns brought up against the digital currency is that it will be used as a tool to surveil...Read More
Litecoin, the Vegeta to Bitcoin‘s Goku, has been rolling out updates for its Mimblewimble project since the Foundation’s plan to implement the protocol was announced last year. The new protocol would be making its debut on the silver coin via extension blocks, and while the idea has been applauded by several people, it did also...Read More
The Internet bubble prompted the establishment of new innovations that the masses did not realize they needed at that point. Some survived while others shut down for being too innovative and radical for that time. 11 years since the inception of Bitcoin, the industry has seen the space evolve, with newer cryptos coming into existence...Read More
2020 has begun, but a certain 2019 dispute has reared its ugly head yet again. The conflict between Bitmain‘s Co-founder Micree Zhan and the mining equipment manufacturer intensified after recent reports suggested that the Zhan is on his way towards taking drastic actions against Bitmain. According to Bloomberg, Micree Zhan has now initiated a legal...Read More
President of the Deutsche Bundesbank Jens Weidmann recently called on banks to come up with cheaper and faster methods for money transfers to counter Facebook‘s stablecoin, Libra. However, that wasn’t his only insight as the ECB policymaker also claimed that the European Central Bank had no need to develop its own digital currency. The head...Read More
Instant messaging service platform, Telegram, has been called out for its reluctance to hand over financial details related to its initial coin offering [ICO] to the Securities and Exchange Commission [SEC]. According to a media report, the market regulators through a court filing have requested a court order to pressurize Telegram into revealing how the...Read More
One of the world’s premier cryptocurrency exchanges, Malta-based Binance, has announced initiating trading for BTC, ETH, XRP, BNB, BUSD, and USDT against the Euro, on 3 January 2020, in line with its plans to facilitate more fiat gateways for the growing crypto-community. The official announcement read, “Binance will open trading for BTC/EUR, ETH/EUR, BNB/EUR, XRP/EUR,...Read More
The finance and technology sectors saw massive growth over the past decade, both in the private and the public realm. Companies changed the way we transact with other individuals and soon, central banks will change the way countries transact with each other. We are entering a decade that will be defined by central bank digital...Read More
Venezuela‘s humanitarian crisis has been recognized as one of the most significant in modern history, while having failed to receive aid and pledges from donor nations. Venezuela has remained desperately underfunded throughout the crisis, with the country trying to launch several programs over the past few months to counter the same. In what is a...Read More
The Guangdong government in China is in the news after it launched a blockchain-based financing platform on January 2, 2020, to help small companies receive loans at a faster pace from commercial banks, according to a local report. This would be China‘s first blockchain loan issuance platform for Small and Medium Enterprise (SME) financing. This...Read More
China has undoubtedly been leading the state-backed cryptocurrency race, with the country recently revealing that it would launch its own digital version of RMB last year. The news that broke-out right after Facebook’s Libra announcement immediately grabbed the attention of all governments around the world, including that of U.S regulators. Interestingly, China‘s venture into the...Read More
Skew markets, a provider of data analytics for crypto-derivatives, recently rounded up some Bitcoin stats for the year 2019 as 2020 beckoned. According to the crypto-markets analytics platform, 2019 returns for BTC were reported to be +95%, with over 150 days of less than +/- 1% movement. Source: Skew Skew also reported that the maximum...Read More
Bitcoin’s all-time high rally drew a lot of attention from the likes of mainstream media, governments, corporates, and even wall street. The cryptocurrency is slowly becoming the most discussed topic in the fin-tech space; in turn, addressing questions regarding its adoption. During the 32nd episode of Magical Crypto Friends, Riccardo Spagni, Charlie Lee, WhalePanda, and...Read More
The last few months of 2019 were dominated by bearish sentiments as a host of major crypto-assets dropped below their year-to-date lows. However, it will be uncalled for if 2019 is labeled a poor year for the cryptocurrency market. An influx of institutional investors and significantly improving adoption within the industry have highlighted an improvement....Read More
A recently published post on the TrustWallet blog outlined founder Viktor Radchenko’s predictions for Bitcoin, cryptocurrencies, and the space as a whole for the year 2020. In the article, Radchenko asserted that DeFi has great potential and could become the next ‘killer app’ for the space. “We just need to get the user design correct,”...Read More
The Bitcoin ledger is completing a decade on the 3rd and while it is only 2 days into 2020, the ledger is already setting new records. Bitcoin’s hashrate breached its previous high and was recorded to be 119 million TH/s, according to the data monitoring site, Blockchain. Bitcoin’s hashrate has been spiking over the past...Read More
