January 11, 2020

‘World Wide Web of Blockchain’ could be transformative: Silver Lake exec

If we look at the blockchain infographic today, we see overall positive figures for the tech that has been the foundation of the world’s most popular and oldest cryptocurrency. What was fascinating at the beginning was how it branched out from being just the underlying tech of cryptocurrencies to developing numerous use-cases. Be it bringing...
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Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

The crypto community is on the fence on the May 2020 halving. Thomas Lee believes that it along with two catalysts will push bitcoin much higher. | Credit: Reuters/Dado Ruvic/Illustration The crypto community is on the fence regarding the May 2020 halving. Fundstrat founder Thomas Lee believes that the halving along with two other catalysts...
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Here’s how digital money projects contributed to Bitcoin inception

The concept of digital assets and the creation of Bitcoin is commonly lauded as a revolutionary change that led to the establishment of an asset class worth over $200 billion dollars. In a recent segment of whatbitcoindid with Peter McCormack, Aaron Van Wirdum, Technical Editor at Bitcoin Magazine, discussed some of the projects that eventually...
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Cardano, Monero and other altcoins with mid-market caps register sharp rise in performance

With all eyes fixed on Bitcoin‘s valuation at the moment, the lesser-known assets with medium-range market caps were seen performing better than the large market cap assets. According to Arcane Research, the best performing tokens over the past week has been outside the major altcoins with only Monero and Bitcoin SV making the cut from...
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Blockchain tech in healthcare? Here’s how DLT can change so many things

The introduction of the blockchain network in the healthcare industry is something that’s been talked about a lot. Though there isn’t a proper model in place to this day. Discussing the topic, Samson Williams, Principal Consultant for Axes and Eggs, in a recent podcast talked about the difficulties faced while making the hospital staff understand...
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KYC/AML And Other Regulations: Are They Good or Bad For Bitcoin?

The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules. With so many different sorts...
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Bitcoin miner’s energy ratio hints at BTC in macro-accumulation bottoms

Is Bitcoin priced-in for halving? The debate on this is heating up since halving is right around the corner [~122 days]. With the price of Bitcoin hovering in the sub-$8,000 regions, some say Bitcoin miners are not profiting. However, others say this is caused by Chinese miners trying to force the U.S. miners out. Bitcoin...
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The Satoshi Effect: Why Are Nigerians Going Wild On Bitcoin?

Indeed, the first impression is not always the last impression, at least, Nigerians have proven that with Bitcoin.  Bitcoin started gaining traction in Nigeria after the infamous Mavrodi Mondial Moneybox (MMM) Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves...
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Bitcoin options trading shows 25% probability of BTC crossing $10k by June 2020

Over the past seven days, Bitcoin’s price has been revived after witnessing a lukewarm period in December 2019. Source: Coinstats Since January 4th, BTC’s valuation has scaled up to 15 percent, and at press time the largest digital asset held strong consolidation above the $8000. It is important to note BTC‘s price was around $6900...
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Bitcoin and Gold correlation skyrockets to 3-year high on US-Iran conflict 

Bitcoin and Gold are dancing to the same tune once again. The long-held claim of Bitcoin being the digital equivalent of gold was strengthened earlier this month with the correlation between the cryptocurrency and the commodity jumping to a high not seen since August 2016. Following the US-led killing of Iranian military commander Qasem Soleimani,...
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Bitcoin Hardforks Surge Huge 14-38% Pumps Overnight

Bitcoin’s most famous hashforks surged on Saturday as altcoins rallied. | Image: shutterstock.com While BTC recorded modest 5% gains, its was the OG’s many offshoots which benefitted most from the weekend’s pump. Bitcoin SV (BSV) led the pack with a 38% surge leading into Saturday. Even Bitcoin Diamond (BCD) emerged from obscurity to rake in...
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Ex-Goldman Sachs President believer of Digital dollar, not crypto

“I am not a real believer in sort of the cryptocurrency world”, said the former Goldman Sachs President and former NEC Director Gary Cohn. The underlying technology, i.e the blockchain tech, however, is often touted as the ‘next big thing’ and has already been deployed in businesses and institutions globally. While Cohn does not believe...
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Are USB ASIC Miner Devices Still Profitable in 2020?

Today, we will be looking into how a USB ASIC miner work and if it is still profitable for mining in 2020. The Origin of the USB ASIC Miner While at first Bitcoin could only be mined with CPU power, in 2013, a new type of mining hardware emerged the ASIC miner (Application Specific Integrated...
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BTC Futures’ high premium rates on CME highlights bullish sentiment

If the idiom ‘off to a fresh start’ needed an example, Bitcoin will be an ideal candidate at the moment. After starting the year at a price under $6900 on 2nd January, the largest digital asset seemed to break away from its bearish shackles, registering a growth of over 19 percent in the past 9...
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Interest In Bitcoin Highest Since September 2019, According to Google

Bitcoin sees the highest attention in the past 5 months according to data by Google Trends. The world’s leading cryptocurrency has been making strides amid retail investors once again, as its price keeps going on rollercoasters regularly since the beginning of the year. Interest In Bitcoin Highest Since September 2019 Bitcoin’s price has been particularly...
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Litecoin takes a page from its past; repeats pre-2019-rally pattern

The silver to Bitcoin’s gold, Litecoin, has had a rather tough time since its halving. The price of Litecoin has reduced by a massive 70% since its last peak in 2019. The coin trades at $45 and has a market cap of $2.82 billion, just below Bitcoin Cash and above, EOS. At press time, however,...
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Bitcoin Price Facing Its First Major Test of 2020, Which is On The Weekly: BTC Analysis & Overview

Bitcoin had seen a grand opening to the new decade, following a decent surge of roughly $1000 in the first days of 2020. After reaching a high of $8400 last Wednesday, Bitcoin had encountered resistance and quickly turned around. However, the coin continues to look healthy and positive, consolidating safely above the $8000 benchmark. Yesterday...
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State Of Cryptocurrency Regulation in the USA

Bitcoin & other cryptocurrencies are not new to the market. Their decentralized nature has attracted wrongdoers over their period of existence. As a result, many countries are strengthening their laws regarding cryptocurrency. Let us check how Cryptocurrency Regulation in the USA has incorporated into their judicial system. Current Regulations for Digital Tokens in the USA ...
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EOSIO releases updates for version 2.0, focuses on stability

Blockchain-based smart contract protocol, EOSIO announced an update of its version 2.0 which was released last year. According to the latest blog post, EOSIO Version 2.0 release has been updated to a more stable version with security, stability, and other miscellaneous fixes. The released notes on GitHub stated, “These protocol upgrades necessitate a change to...
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Ethereum, Tron, EOS account for over 98% transaction volume of dapp market

Ethereum, Tron, and EOS mainnets have continued to lead the DApp space. In the December 2019 edition, DAppReview stated, “At present, these three major public chains have accounted for more than 98.65% share of the total transaction volume of the dapp market, forming the ‘Big Three’ in dapp space.” Source: DAppReview Ethereum still remains the...
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