Bitmain, the crypto-mining equipment manufacturing giant, has been in the news a lot recently. Over the past few months, the Beijing-based entity has had to deal with several internal turmoils, conflicts which eventually led to the departure of Micree Zhan as Jihan Wu took back control of the company. However, the firm’s prospects in other...Read More
Recently, Philip Gradwell, Chief Economist at Chainalysis, a blockchain data analytics company, spoke at a Meetup in London about token economics in on-chain analytics. During his talk, Gradwell spoke about both on and off-chain data, how they can be linked together, and gave some insights based on their analysis of Bitcoin and other cryptocurrencies’ data....Read More
The Bitcoin [BTC] market has lost 0.54% of its value in December 2019, with the king coin’s price movement recording recurring dips. A recent dip of 2.45% contributed to the price of the world’s largest crypto tumbling down from $7,450.62 to $7,268.03. Following the loss, Bitcoin tried to recover. However, it was stuck at $7,337.32,...Read More
After recently announcing its support for the introduction of Liquid network for Bitcoin and USDT transactions on its platform, BTSE exchange has now revealed its plans to facilitate a native exchange token sale on a Bitcoin sidechain with the help of Liquid. According to reports, the exchange is also planning to raise a total sum...Read More
Most millennials are burdened with student loans or debts. However, most millennials are also working towards achieving financial independence. Like many, even I’m working my way towards financial independence while trying to juggle my work and social life. Recently, I penned an article titled ‘How many Bitcoins should you own to stay a millionaire?‘ and...Read More
Switzerland has been the home for various cryptocurrency projects due to its sorted outlook towards it and its underlying technology, blockchain. However, the country’s financial regulators have warned against the risk emerging from blockchain and bank’s lower profit margins. The regulators also noted that Switzerland was “particularly exposed” to money laundering risks due to its...Read More
At a recent lecture on financial regulations at Harvard’s Kennedy School, CFTC chairman Heath Tarbert spoke about the role of the CFTC in digital asset regulations, how jurisdiction is divided between the CFTC and the SEC, as well as the regulatory risks involved with regard to cryptocurrencies. During his talk, Tarbert said that apart from...Read More
Following Facebook’s announcement of its digital currency project, Libra, many crypto-enthusiasts saw it as a challenge and began working on a derivation of the social media giant’s project. Similarly, Saga, a blockchain firm, has announced the launch of its new token, Saga [SGA], claiming that its project is an alternative to Facebook’s digital currency proposal....Read More
Switzerland’s premier Fintech firm, Amun AG, has been in the news lately for issuing several cryptocurrency exchange-traded products, more popularly known as ETPs. Despite the firm offering several cryptocurrency ETPs, these were previously limited to Switzerland and Germany. However, the latest news from the company reveals that it is eyeing expansion. According to a press...Read More
2019 is coming to an end but people in the Bitcoin community are still holding their breath, as the volatility has been off-the-charts lately for the largest digital asset. Since the start of November, Bitcoin has registered a change of over 30 percent in its valuation and the market witnessed several short-term hikes and detrimental...Read More
China’s Center for Information and Industry Development [CCID] released its 15th Global Public Blockchain Technology Assessment Index that ranked multiple cryptocurrencies based on its tech, application, and creativity. The list placed Bitcoin on the ninth position while scoring highest in the field of creativity and least in terms of application. Bitcoin’s index total stood at...Read More
Despite a volatile year in terms of price activity, Bitcoin was up by 96 percent in 2019. On the other hand, the rest of the altcoin market did not record a similar trajectory. Dash, a digital asset that was worth around $75 at the start of the year, is one such crypto-asset. At press time,...Read More
Conceived as an alternative to traditional financial and banking solutions, cryptocurrencies have come a long way. However, despite mainstream recognition, there remain many, both in governments and mainstream financial institutions, who are still skeptical about the utility of these digital assets. Nigeria, one of Africa’s most powerful and fastest-growing economies, presents such a curious case....Read More
“Coming out of the 2008 financial crisis, the legit criticism of regulators was along the lines of: where were they during the expansion of the real estate mortgage bubble, why didn’t they take steps to pop that bubble when they could have?” ~ Former CFTC Chairman J. Christopher Giancarlo aka Crypto Dad This statement was accompanied...Read More
The Malta-based spot and futures digital asset exchange, OKEx announced on 9 December that it will be adding cryptocurrency options. The service will be available on the platform from 27 December with a simulation beginning on 12 December. With options trading, OKEx will become the first crypto exchange to offer C2C, spot, futures, perpetual swap,...Read More
Bitcoin started 2019 with a valuation of $3,693, before climbing its way up. And while it peaked at $13,880 in June, Bitcoin has since been on a downward slope. Despite the fall, Bitcoin has still managed to record positive yields, unlike a few other cryptocurrencies. With the Bitcoin halving approaching in 2020, Bitcoin’s supply of...Read More
After announcing its support for a state-backed digital asset back in August, China‘s proposed CBDC is edging closer to becoming a reality and becoming a part of the country’s financial ecosystem. According to a recent report, the People’s Bank of China has revealed that its highly awaited digital currency electronic payment (DC/EP) would undergo testing...Read More
South Korea is today one of the foremost cryptocurrency markets in the world, a market perhaps superseded only by the likes of the United States and Japan. Home to over 200 crypto-exchanges, any development in the country’s crypto-space is speculated to have a significant influence on the prices of Bitcoin and cryptocurrencies. The South Korean...Read More
While Ethereum‘s Istanbul upgrade was deemed successful, it was, however, not all smooth-sailing. The upgrade that went live on block 9,069,000, introduced six Etheruem Improvement Protocols, and all the major clients such as Geth, Parity, Aleth, Besu, Nethermind, and Aleth had released version that would be compatible with Istanbul, and the result of failing to...Read More
XRP’s price was hovering between the $0.21-$0.25 range for a long time now. A much-needed breakout to the positive side could be in the offing as XRP bulls take position to take over. The coin was trading at $0.23 after a surge by 2.14% over the last 24-hours, at press time. Additionally, according to data...Read More
The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around the world have been either regulating cryptocurrencies or completely banning them, while a few others are still in the process of figuring out how to...Read More
Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and 24-hour trading volume...Read More
Monero recently upgraded its network, keeping in line with its constant efforts to steer clear of ASIC centralization. One of the major network upgrades included the shift of the mining algorithm from CryptoNightR to RandomX. The new algorithm not only puts ASIC miners at a disadvantage but also limits GPU mining to an extent. The...Read More
Last month, MakerDAO rolled out its Multi-Collateral DAI [MCD] which is supported not just by Ethereum but also Brave’s Basic Attention Token [BAT], as opposed to its Single-Collateral DAI [SAI] which restricted its support to Ethereum alone. While this seems to be successful as the total DAI in circulation surpassed 50 million, the possibility of...Read More
Bitcoin’s price collapse creates opportunity to buy more BTC, but how much? When AngeloBTC, BitMEX‘s ex-top trader tweeted that Bitcoin would dip into the $6,000 zone on October 15, most of the traders were skeptical and asked him to delete the tweet, stemming from disbelief that BTC wouldn’t dive that deep. 38 days later, BTC...Read More
Internal Revenue Services [IRS] released a 2019 criminal investigation report celebrating its 100 years of law enforcement. The report entailed the fight against criminals using advanced technologies to evade taxes and commit other crimes. The report specifically mentioned the success it has had over the past year in curbing and apprehending criminals who used cryptocurrencies....Read More
Benefitting from innovation in the maturing cryptocurrency ecosystem, decentralized exchanges or DEXs have become the next big wave that has exhibited positive figures over time. 2019 was indeed the year of DEXs. Decentralized financial services or DeFi has been touted as a potential growth catalyst for DEX. Most DeFi services rely on decentralized exchanges for...Read More
The term digital gold has been used on Crypto Twitter after several influencers pointed out similarities between Bitcoin and gold. While some thought that it was good to view Bitcoin as digital gold or store of value asset, a few others highlighted the fact that this was defying Bitcoin’s use case as digital cash. The...Read More
While the perception of cryptocurrencies has changed for the better since the crackdown of Silk Road, the outlook on privacy-enhancing cryptocurrencies has not seen much change. Governments continue to tread cautiously towards them compared to Bitcoin and Ethereum. The wariness has impacted the growth of fungible cryptocurrencies such as Monero as more and more centralized exchanges...Read More
Over the past few months, Ethereum community had been gearing up for its eighth network update, Istanbul. Earlier today, Istanbul went live on the network at block number 9,069,000. Several developers of the Ethereum network along with Vitalik Buterin live-streamed the “Istanbul Upgrade Countdown Party!” Buterin revealed that the fork block was mined by SparkPool....Read More
