Since the end of June, Ethereum’s price has been progressively declining as the bulls have failed to pick up pace after their 3-month run. ETH’s valuation dipped below the support of 239.43 and at press time, it was acting as a major resistance. Over the past week, the valuation witnessed another slump down to $163.9,...Read More
China’s link with cryptocurrency is not only limited to government initiatives but also the local users that still dominate the Bitcoin mining landscape. Primitive Ventures’ Dovey Wan, who also holds deep understanding of China’s financial market, recently claimed the aforementioned reason as the primary factor for China’s sizable local crypto supply. She also added, “Probably...Read More
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have...Read More
Mainstream financial and government institutions have begun embracing blockchain and cryptocurrencies recently. PricewaterhouseCoopers is one such institution, with the auditing giant very open about getting into the space over the past few months. PwC is in the news again after PwC Luxembourg recently announced in a press release that it would start accepting payments made...Read More
Changpeng Zhao-led cryptocurrency exchange, Binance, recently launched a crypto-lending platform on its network. The exchange had informed the community that the lending platform was supporting just three assets, namely, BNB, ETC, and USDT. Holders of the aforementioned coins could engage in lending and further, earn interest through the exchange’s services. The Malta-based exchange will be...Read More
Bitcoin has gone through a near-impossible feat of convincing global investors about its worth as the rightful replacement of gold, which has also led some to believe that “the demand for gold is adversely affected by the success of cryptocurrencies.” The recent Crypto Research Report stated, “As of yet, the correlation between gold and Bitcoin...Read More
The clear rise in adoption of cryptocurrencies can be noted across various sectors, such as tourism. Major heavyweights of the tourism sector, such as Blockchain Cruises and Expedia, are already offering services that accept payment in crypto. Benefits of cryptocurrency payments are being realized at a global level. Travala, room-booking website that accepts cryptocurrency, achieved...Read More
Blockchain security and scalability are fundamental aspects of an asset’s decentralized network. Major digital currencies, including the likes of Bitcoin and Ethereum, received criticism largely because of their scalability issues. Bitcoin has a 2nd layer protocol or the lightning network to address their scalability concerns at the moment and Ethereum is moving toward Proof-of-Stake algorithm...Read More
Although the finance sector continues to find a common ground between the leading assets gold and Bitcoin, gold-backed cryptocurrencies are promising to bridge this divide. In this light, Crypto Research Report identified stablecoins as the latest competition for gold, and stated, “All of the gold-backed stablecoins on the market are centralized, which means they have...Read More
Bitcoin has been trending below $10,000 for quite a while now and most of Twitter is stressing that this will be the last time anyone will be able to buy Bitcoin at these levels. Be that as it may, Bitcoin touched $9,400 more than four times in the last 2 months or so. At press...Read More
XRP’s price has witnessed substantial volatility; over the past two weeks, XRP’s price slumped on various occasions but the valuation managed to exhibit a minor hike. 1-hour chart Source: Trading View In the 1-hour chart, it can be observed that the coin’s movement adhered to a falling wedge pattern before a bearish breakout unfolded. Generally,...Read More
Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and...Read More
Justin Sun’s Tron Foundation has time and again exhibited its dominance in the DApp space. Most recently, Tron added six new DApps into its network and currently shelters a total of 568 DApps. Irrespective of the several developments and progress of the Foundation, Tron’s native cryptocurrency, TRX had a tough week as the coin was...Read More
Popularly known for investing in innovative companies, Andreessen Horowitz hosted a private event in May assembling the financial watchdogs of Washington in order to persuade them to be more considerate toward cryptocurrencies. Andreessen Horowitz has invested in a number of projects including several blockchain and cryptocurrency-related projects. According to the Wall Street Journal, officials from...Read More
Earlier today, prominent Thailand-based cryptocurrency exchange BX Thailand, abruptly announced that it would no longer function. The exchange was operated by Thai company, Bitcoin Co.Ltd and has been functioning for the last five years. The exchange’s website further revealed that it would not possess an SEC issued Digital Asset Exchange license for the next year that...Read More
The era of virtual currency emerged in 2009 when Bitcoin was introduced. The virtual asset was overlooked in its initial years, with very few believing its potential to replace the current monetary system. One of those few individuals who believed in Bitcoin from the very beginning was Max Keiser. In a recent segment of the...Read More
Ethereum’s price witnessed a hike in the last 24-hours as the coin registered a growth of 4.37 percent in an hour. Such a trajectory would usually spur positive sentiments among the community, but Ethereum’s market echoed everything but optimism at press time. At the time of writing, Ethereum was valued at $171.12. 12-hour chart Source:...Read More
Messaging platform Telegram recently announced the launch of its native cryptocurrency, GRAM. The company revealed that the messaging giant’s blockchain would be compatible with Ethereum which would further allow users to operate Ethereum’s DApps on the Telegram blockchain through Solidity. The Telegram Open Network [TON], which is Telegram’s blockchain will publicly debut its testing today...Read More
‘HODL’ is a fairly commonly used term in the virtual asset space and it is regularly used, referencing Bitcoin whenever a financial discussion is initiated between investors or traders. A certain group of people believes ‘hodling’ Bitcoin is still lucrative at present day, but a majority of users idolize hodling as a thing of the...Read More
DISCLAIMER/Author’s note: This is a satirical piece meant solely for entertainment purposes. Mark, if you’re reading this, please don’t take offense at any of this. Please don’t share and circulate my Facebook data (if you haven’t already, that is). Please don’t retrieve that old school-time pic of mine that I thought I had long deleted....Read More
Slow and steady, wins the race, the popular adage holds true for Bitcoin and FAANG stocks. Drawing parallels between the fable and current market, FAANG stocks emulate the speedy hare, one-directional and over-confident. While the slow tortoise can be envisioned in Bitcoin, always persistent and sets its own pace. The tortoise of this race, Bitcoin,...Read More
The importance of incubation programs in the blockchain space is quite significant since the space in itself is only 10-years old and most of the startups venturing into this space lack any idea of shaping their business to the need of the masses. Thus, established players and stakeholders have come up with different incubation programs...Read More
XRP market has been experiencing the calm before the storm, as the price started consolidating once again. The third-largest digital asset displayed erratic behavior with the price failing to find stable footing. As it broke out of the bullish ascending triangle in the short term, gaining 3.40% growth, this growth was immediately negated by a...Read More
Coinbase, one of the largest crypto exchanges originating from the US might have to shift all European accounts to another licensed entity within EU, in case of a no-deal Brexit according to reports. A present, Coinbase operates an electronic money institution called CB Payments in the United Kingdom which is authorized by the UK Financial...Read More
Entrepreneur, investor, software engineer and a board member of Facebook, Marc Andreessen recently listed an array of parallels between the initial days of the Internet and the prevailing state of crypto. In a recent Crypto Regulatory Summit, one of the pioneers in the development of the internet, Andreessen begin the segment by talking about the...Read More
Social media giant, Facebook’s dramatic entry into the crypto-sector diverted the attention of the world towards the ecosystem. Even as Facebook struggled to receive support from lawmakers, several people from the crypto industry expressed their support toward Libra. Citing Facebook’s strong global reach, the community regaled benefits of the social media giant’s entry into the...Read More
In the cryptocurrency space, major assets like Bitcoin, Litecoin, and Bitcoin Cash are generally focused on transactions or payments. However, Ethereum, the 2nd largest virtual asset in the market, also has its own platform where users are able to create their own decentralization applications [dApps]. One category of dApps that have been gaining mass traction...Read More
The U.S-China trade war has left both nations’ economies in a state of distress, accelerating geopolitical tension. However, several analysts speculate that the ongoing trade war between two of the world’s largest economies has been beneficial to Bitcoin. Bitcoin’s entry into the monetary world was during a period of economic recession and the coin’s resistance...Read More
Compeititon is the currency of success in the crypto-community, and the proponents of one virtual asset often draw out comparisons with others to establish their own supremacy. Charlie Lee seems to have fallen in the the same group as in a recent Twitter thread, the creator of Litecoin re-ignited the Dash-Litecoin debate after taking a...Read More
All that glitters is not gold; it might be Bitcoin The tussle between digital gold and tangible gold is one for the ages. One rising from its fallen ‘standard’ for the global financial order, and the other born from the debris of financial collapse. Bitcoin and Gold have charted similar paths, yet from the traditional...Read More
