Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between a rock and a hard place. Although some say that this is indicative of an impending return to the $6,000s, then the $5,000s, a growing sentiment suggests the leading cryptocurrency could trade in the $8,000s and $9,000s in the coming 30...Read More
The Bitcoin UTXO count hit an all-time high in 2019, despite the price dropping by a massive 68%. BTC hit its local high in a bear run on June 26, a day when 1 BTC was worth $13,800. However, the BTC holders seem to have been unfazed by the drop as the UTXOs have been...Read More
For many, the cryptocurrency market is divided into two phases; pre-2017 and post-2017. This, of course, refers to the December 2017 bull run which saw Bitcoin and the rest of the market surge to unprecedented highs, with the king-coin inching close to $20,000 a pop. The bull-run saw a massive influx of retail investors. However,...Read More
Price-wise, Ethereum hasn’t had the best of years. The second-largest cryptocurrency, according to an analysis by Bitcoin educator Jimmy Song, has lost 18% against the U.S. dollar year to date, which comes in stark contrast to Bitcoin’s approximately 85% gains in 2019.Related Reading: Why Prominent Crypto Analyst Believes XRP’s Trajectory is PositiveWhile Ether’s performance has been harrowing...Read More
In a recent tweet, Casa CTO Jameson Lopp reported that the network hashrate for Bitcoin had increased by 162% over the course of 2019, from 38 to more than 100 exahashes per second. While price fluctuation can be seen as an indicator of investor sentiment, hashrate can be used to determine network adoption. While miner...Read More
It’s the start of a new decade, and industry famous twin Tyler Winklevoss, the co-founder, and CEO of cryptocurrency exchange and custodian company Gemini Trust, has shared his views on what the next ten years hold for crypto. According to Winklevoss, crypto is already becoming more than a niche technology and a form of money,...Read More
Bitcoin closed 2019’s final fiscal quarter in losses.The benchmark cryptocurrency is down by circa 21.5 percent on a quarter-to-date basis. The move downhill has extended its half-yearly losses to 33.35 percent.Bitcoin in a deep downtrend since July 2019 | Source: TradingView.comNevertheless, exponential gains during the first two quarters have kept bitcoin inside positive territory. From...Read More
Digital currencies seem to be dominating every aspect of the American market. From its abode in the dark corners of the Internet a decade ago to a time when Presidential candidates are being funded by cryptocurrencies, this asset class has evolved like no other. It is precisely this evolution that regulators were wary of; and...Read More
Two JP Morgan leads Stuart Popejoy and Will Martino founded the Kadena blockchain project in 2016. After 3 years of rigorous development, the hybrid blockchain project will see the daylight on January 15, 2020. Moreover, Kadena will bridge the gap between private and public blockchain claims the announcement. The project can process 750 transactions per...Read More
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation...Read More
eToro, the world’s leading social trading network has just hit a total of 12 million users as per eToro’s 2019 rewind video posted on Twitter. Etoro CEO Yoni Assia shared his thoughts on an interview with news.Bitcoin.com. He basically gave a walkthrough of the rewind video on what eToro has achieved in 2019. eToro has...Read More
Bitcoin’s price has been under the $7,600 range for over a month now. Even with 3 major retests of the resistance at $7,660, Bitcoin’s price hasn’t managed to breach it. With the formation of a double bottom in a medium time frame, this was supposed to change. However, it hasn’t so far. BTC 4 Hour...Read More
Private transactions are closer than ever. Litecoin’s Mimblewimble-based privacy efforts are finally underway. David Burkett, the developer behind the subproject, has announced that he has completed the first month of development. “After months of planning, development of the Mimblewimble extension block has officially started,” Burkett posted to Litecointalk on Dec. 29. This project has been...Read More
TRON Foundation bagged the “Most Innovative Blockchain 2019” award at the Jinse Finance’s “Keeping Pace with the Time” Award Ceremony. The award ceremony hosted on Dec 27, 2019, featured more than 100 blockchain enterprises, 300 influencers and many more. TRON, China’s No 1 blockchain, was awarded the title looking at the growth graph the foundation...Read More
Bitcoin price is slowly declining and recently tested $7,100 against the US Dollar.The price is currently recovering, but likely to face hurdles near $7,280 and $7,320.There was a break above a major bearish trend line with resistance near $7,185 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair might slide further...Read More
Ethereum is slowly moving lower towards the $125 support area against the US Dollar.The price is likely to extend losses as long as it is below the $132 resistance.There is a key declining channel forming with resistance near $131 on the hourly chart of ETH/USD (data feed via Kraken).ETH could decline in the near term...Read More
Yoni Assia is the CEO and founder of multi-asset trading platform Etoro. The brokerage firm, which enjoys a high profile within the cryptosphere, enables digital assets such as BTC and BCH to be traded alongside stocks, ETFs, and commodities. Juxtaposed between the traditional and crypto investment realms, Etoro has a unique insight into the health...Read More
A third of Tron’s supply, worth over $400 million at current prices, unlocked on New Year’s Day. These coins may flood the market and further harm TRX’s struggling price. The enormous hoard of Tron tokens were quietly locked in December 2017, six months prior to the launch of project’s mainnet. These funds were locked by...Read More
While a bitcoin ETF may never see the light of day, China is exploring a completely different model. The application for the first-ever blockchain ETF has been accepted by the CSRC last week. It is a well-known fact that China is going all-in on blockchain over the next few years. A Blockchain ETF is in...Read More
The scaling of different cryptocurrencies remains crucial. Nano, an often overlooked altcoin, is seemingly on the right track to achieve this goal. All of these discussions need to be taken with a grain of salt. Nano Nails Scaling Properly Altcoins often tend to scale better than bitcoin, yet it doesn’t necessarily help them gain traction....Read More
During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High...Read More
Bitcoin’s recent series of rejection within the mid-to-upper $7,000 region has resulted in BTC’s bears gaining an edge over bulls, as the cryptocurrency is now retreating down to its key $7,000 support level, which appears to be growing increasingly weak.Importantly, one analyst is now noting that Bitcoin could be on the verge of seeing significantly...Read More
