Adoption

62.5% of BTC Perpetual futures were traded on BitMEX, Binance in Dec

The interest and demand in the derivatives market had increased significantly in 2019 with major mainstream organizations entering the frame. The spike in institutional interest was evident but the year closed on a relatively low point in December. According to Crypto Compare’s recent report, it was indicated that regulated bitcoin derivatives product volume of CME...
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India: NISG releases draft for blockchain regulation, while SC deliberates banking ban

The Supreme Court resumed hearing in the ‘Crypto V. RBI’ case on 28 January and is yet to pronounce a judgment. With IAMAI’s counsel, Ashim Sood and cryptocurrencies exchange counsel Nakul Dewan, the judges’ bench was presented with various arguments against RBI’s “decision to control consumer behavior”. Sood argued that the central body failed to...
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Bitcoin derivatives’ product volumes are still dominated by CME

Bitcoin has been historically volatile. The king coin sustained massive volatility in the latter part of 2019. From the crucial $10k-mark, Bitcoin dropped to a low of $7.48k in September. While the coin did manage to breach $9k, the upward trend did not last long. In December, the price of the coin further declined to...
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Facebook’s Libra Association vice-chair: need to get three things done before launch

“Libra, invariably because of the potential scale of the project, has been a force multiplier of changing the scope of the conversation.”, said Libra Association vice-chair, Dante Disparte. Libra did manage to send shockwaves across the halls of Congress and initiate the much-needed conversations about the sector. But considering Facebook’s tryst with the US regulators,...
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Bitcoin Cash miners threaten to fork unless funding proposal is withdrawn

Bitcoin Cash miners have been left with a bitter taste in their mouths after BTC.TOP’s CEO Jiang Zhuoer published his proposal to direct 12.5% of mining rewards to support the BCH infrastructure over the next six months. In response, anonymous North American and European miners have announced the formation of an, “opposing mining group.” “We...
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Why cryptocurrency adoption is soaring in Latin America

Latin America is reportedly seeing increasing adoption of blockchain technology and cryptocurrencies, with Statistica reporting the region holds the largest number of cryptocurrency users in the world. Through this adoption, Latin America is creating innovative methods to shape public policy, fight fraud, reduce theft, and squash corruption. Since most of Latin America has been through...
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Bitcoin Cash developer tax could impact Bitcoin and Bitcoin SV mining ecosystem

Bitcoin Cash, the famous fork of Bitcoin, has been the center of crypto-controversy for the past few days, and the reason behind it – one of the proposals presented for the upcoming network upgrade, scheduled to take place in May 2020. The announcement made by one of the largest mining pools – BTC.Top stated that...
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Could Bitcoin halving follow the same pattern as Litecoin?

The upcoming Bitcoin halving set to happen sometime in May 2020, has been anticipated by many in the crypto community. Contributors and researchers have jumped into the discussion and made their comments on how the price fluctuations and the performance of the coin after the halving could play out. Looking back,Litecoin‘s halving in August 2019...
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Binance lags behind Huobi and OKEx in terms of estimated trading fee revenue

Leading cryptocurrency exchange, Binance’s estimated trading fee revenue in December 2019 was $18.7 million. The estimated trading fee revenue was calculated using CryptoRank.io reported volumes for December multiplied by average trading fees listed on the websites of the exchanges. The study which was conducted by CryptoDiffer revealed that the CZ-led platform was trailing behind the...
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Bitcoin transactions will ‘not be private even with Schnorr encryption’

Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in...
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Iran issues license to over 1000 cryptocurrency mining firms

The popularity of crypto–mining in Iran due to low electricity costs has been evident. In the latest news, Iran’s Ministry of Industries, Mining and Trade recently issued 1000+ licenses for cryptocurrency mining units, according to a report. A limited number of authorized mining farms were active across the country. Amir Hossein Saeedi Naeini, an official...
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Bitcoin and stablecoins are a chicken-and-egg problem

Bitcoin and stablecoins have always been locked in a chicken-and-egg situation. Did the decentralised currency based on principles of mathematics and logic precede the digital representations of stable assets? This age-old question was addressed by Nic Carter, co-founder of CoinMetrics. He stated that while the principle of stable digital currencies preceded Bitcoin, the current crop...
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Bitcoin as reserve-currency will be – ‘The Great Revelation’

Let’s say you’re given a wish. You can wish for anything *provided it fits into your pocket* What parameters would you employ to make your decision? If I were to chance a guess, you’d want it to be-liquid. convertible. stable. legal [maybe not], and universal. What assets would you want? A few hundred dollar bills?...
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Ethereum’s DeFi: Why the industry is hesitating to adopt it

DeFi continues to be a contentious topic in the blockchain industry. In recent months, the total USD locked in DeFi hit an ATH and is likely to see a significant increase. However with regard to DeFi adoption, many are still a bit more skeptical. Aleks Larsen, Investment Associate at Blockchain Capital in a recent conversation...
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Binance donates $1.5m USD to aid coronavirus victims

As the Wuhan coronavirus continues to spread, more than 2,000 people have been infected so far and the death toll has risen to 56. However, the World Health Organization recently said that it was a bit too early to declare the outbreak “a public health emergency of international concern”. Spreading across China, reports came said...
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Cardano Foundation to launch ADA-denominated finance product with GenTwo

In a bid to further extend developments in the Cardano ecosystem and bolster the adoption of ADA, Nathan Kaiser, Chairperson and Chief Legal Counsel of the Cardano Foundation has now revealed the Foundation’s work with Zurich-based GenTwo AG. On the sidelines of the World Economic Forum 2020 in Davos, Kaiser stated, “The Cardano Foundation has...
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Digital currencies, though useful, cannot be private: Bank of France’s Villeroy

Digital currencies are increasingly being viewed as a reliable alternative off-late. Be it U.S-Iran tensions or the economic slowdown in developing countries, people are now curious about cryptocurrency and its use cases.  However, the Governor of the Bank of France, Francois Villeroy de Galhau, believes otherwise. In a statement released on 25 January, the Governor...
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UK’s Lancashire cricket club activates blockchain-secure ticketing

England’s Lancashire Cricket club recently announced that it has teamed up with TIXnGO, a blockchain mobile ticketing platform, to enable mobile ticketing via blockchain for all domestic and international fixtures at Emirates Old Trafford. With this, the club thus became the first-ever cricket club to use blockchain technology to sell tickets. The main advantage of...
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Tether not being censorship-resistant, a good thing: Circle CEO

Stablecoin’s value proposition comes from its inherent feature of being censorship-resistance and increased stability than most conventional cryptocurrencies. Tether, being the most popular one, was expected to follow this norm. Most critics of Tether still argue whether this stablecoin is, in fact, censorship-resistant or not. According to Jeremy Allaire, CEO of Circle, Tether is not...
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XRP Tipbot’s Twitter ban: Wind addresses theories behind the lockdown

The XRP community faced a bump on 24 January when Twitter decided to ban the XRP Tipbot account, a service developed by Wietse Wind, an XRPL developer and founder of XRPL Labs. Wind informed users about the ban and explained that the tips on Twitter were not being processed; he also reassured them that the...
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Bitcoin’s economies of scale make it harder to get involved in mining

Bitcoin’s constant deterrent towards true decentralization can be attributed to the centralization of mining, with several people expressing concerns over mining sector concentrating in China in particular. A move taken to make mining more decentralized was made by Blockstream – a bitcoin and blockchain technology firm. Unveiling Blockstream mining and pool in August 2019, the...
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Blockchain adoption rising only in trading, despite countless other use-cases

According to CBInsights’ latest report on blockchain startup investments in 2019, despite a drop in total funding dollars, investment activity in the fourth quarter of 2019 points toward pockets of opportunities for blockchain technology adoption in enterprise applications. The report also stated that total equity funding to the space, a measure of investor enthusiasm, fell...
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Bitcoin: Van Eck does not foresee an ETF being approved by the SEC in near future

2019 ended with Bitcoin‘s price doing fairly well, and the SEC still not having approved an ETF, and interesting, the new year also followed another similar pattern with Bitwise Asset Management withdrawing its application for an ETF. With the United States Securities and Exchanges Commission continuing to show reluctance towards approving an exchange-traded fund, several...
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Ethereum may mirror past trend on its way to $200-335 range

It is a great time to speculate prices in the digital asset industry with the apparent presence of bulls in the market. January 2020 catalyzed the dormant markets, and the curiosity of various analysts was piqued, on whether the current momentum would persevere over the next few weeks. Ethereum’s valuation surged past $160 mark on...
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Cardano’s Hoskinson says the dollar will ‘recede’ as world’s reserve currency

At the World Economic Forum in Davos, IOHK CEO, Charles Hoskinson spoke about how Bitcoin, cryptocurrencies and blockchain technology can help the world solve numerous problems that societies struggle with today. “The whole world is changing,” he said. “We’re going from fragmented siloed markets that live within the borders of countries to one global market.”...
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ErisX partners with Etale to enhance trading experience for institutional investors

The Chicago-based crypto derivatives platform, ErisX has partnered with Etale’s institutional trading platform. This partnership aims to enhance the trading experience for institutional investors. According to the official release, this would enable users of the Wall Street-backed cryptocurrency exchange operator to view real-time market data, manage account balances as well order execution via a secure...
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Digital dollar not derivative of fiat; will be backed like legal tender

Back in October 2019, when J. Christopher Giancarlo, former CFTC Chairman, wrote an op-ed for the Wall Street Journal that proposed blockchain-based digital cash to tackle the issue of the declining U.S dollar, it garnered a lot of attention. Today, the global financial space is no longer new to the idea of a CBDC, with...
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Bitcoin, altcoin Futures contracts worth $3 trillion traded in 2019

TokenInsight, a noted data-analytics platform, has released its latest report on derivatives trading markets, with the same analyzing trading activities surrounding Bitcoin and other cryptocurrency Futures contracts in 2019. TokenInsight studied Bitcoin and altcoin Futures trading volumes from nine different exchanges, including the likes of Bybit, Binance, Deribit, and FTX, collecting data for between 1...
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Tokenization of Sports: A Short Sell or a Future Trend?

It doesn’t come as a surprise that “don’t spend like a baller” is associated with lavish spending and basketball. With so much money coming in so quickly at such a young age, athletes are overwhelmed and end up spending it on cars, shoes, parties, and even a shark tank. But, it looks like one man...
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Fake ‘Ripple Insights’ page used by scammers for phishing racket

If something seems too good to be true, it probably is. The gullibility of some when it comes to money has cost them a lot of funds and the crypto-space is no different. Fake giveaways and airdrops seem like an everyday affair now. In what is a recent development, Ripple-backed web monetization platform Coil has...
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