Skew markets, a provider of data analytics for crypto-derivatives, recently rounded up some Bitcoin stats for the year 2019 as 2020 beckoned. According to the crypto-markets analytics platform, 2019 returns for BTC were reported to be +95%, with over 150 days of less than +/- 1% movement. Source: Skew Skew also reported that the maximum...Read More
Bitcoin’s all-time high rally drew a lot of attention from the likes of mainstream media, governments, corporates, and even wall street. The cryptocurrency is slowly becoming the most discussed topic in the fin-tech space; in turn, addressing questions regarding its adoption. During the 32nd episode of Magical Crypto Friends, Riccardo Spagni, Charlie Lee, WhalePanda, and...Read More
The last few months of 2019 were dominated by bearish sentiments as a host of major crypto-assets dropped below their year-to-date lows. However, it will be uncalled for if 2019 is labeled a poor year for the cryptocurrency market. An influx of institutional investors and significantly improving adoption within the industry have highlighted an improvement....Read More
Bitcoin slipped back below $7,000 on Thursday amid thinner than usual trading volumes. | Image: shutterstock.com Bitcoin price tumbles 4% to $6,900 on Thursday, the lowest since mid-December. Bitcoin is slowly bleeding while traditional assets like stocks and commodities continue to rise. Bitcoin trade volumes plummet at the start of 2020 as market participants remain...Read More
A recently published post on the TrustWallet blog outlined founder Viktor Radchenko’s predictions for Bitcoin, cryptocurrencies, and the space as a whole for the year 2020. In the article, Radchenko asserted that DeFi has great potential and could become the next ‘killer app’ for the space. “We just need to get the user design correct,”...Read More
The Bitcoin ledger is completing a decade on the 3rd and while it is only 2 days into 2020, the ledger is already setting new records. Bitcoin’s hashrate breached its previous high and was recorded to be 119 million TH/s, according to the data monitoring site, Blockchain. Bitcoin’s hashrate has been spiking over the past...Read More
The broader cryptocurrency market came under pressure on the second trading day of 2020, as Bitcoin and other major cryptocurrencies slipped into negative territory for the month. The first cryptocurrency fell back towards $7,050 after being rejected from its 200-period moving average on the four-hour time frame. BTC/USD shorts on the Bitfinex trading exchange were...Read More
Despite 2019 being left behind, many analysts are still going forward with their Bitcoin speculations. Over the last few months, Bitcoin‘s valuation has undergone several bouts of price volatility and after holding onto a consolidation period between $6800 and $7400, analysts are trying to speculate whether another major dump or significant hike would surface next....Read More
It was December of 2010 when I first read the Bitcoin whitepaper, while at home visiting my parents for the holidays. As we wrap up the decade, here are my quick thoughts on how things have progressed. Note: this post is inspired by Fred Wilson’s post for tech more broadly. Tomorrow I’ll post a follow...Read More
Not your keys, not your coins Let the meaning sink in… It’s the most popular adage in the crypto-community. This mantra is echoed time and again or each time an exchange gets compromised! Just like Satoshi Nakamoto, Trace Mayer ignited the Proof-of-Keys [PoK] revolution on January 03, 2018. To the people outside looking in, the...Read More
The most important aspect of any cryptocurrency is adoption. Many cryptocurrencies in the space have been trying hard to develop use cases around their native cryptos in order to push the adoption of the coin. Active addresses have played an active role in understanding the maximum number of potential blockchain users and according to a...Read More
As the new decade trucks along, plenty of crypto-related questions arise. It appears that a fair few people wonder if and when John McAfee will honor his initial promise. Most bitcoin enthusiasts will remember the wild price prediction John McAfee shared with the world. Will John McAfee be Correct? More specifically, he claimed how bitcoin...Read More
As Bitcoin’s downtrend begins to run out of steam and selling momentum, the first-ever crypto asset has been trading within an increasingly tightening trading range, between lows or $6,400 to highs of $7,600.But as volatility disappears from the cryptocurrency market, the next move, while not necessarily near, will be an extremely aggressive one according to...Read More
Over the past decade, Bitcoin has achieved a lot many things, with the price of the cryptocurrency being the highlight of it all for people in the cryptocurrency space and outside. With the near-$20,000 bull run still fresh in the minds of several people, one of the questions that usually pops up time and again...Read More
The year 2019 took most crypto-projects on a wild ride, one filled with a mix of volatility, adoption, thefts, and expansion to and recognition in the mainstream. However, while some coins were occupied by the rough waves of price volatility, others sailed through. According to recent research by CoinMetrics, 50% of the top 18 coins...Read More
Bitcoin witnessed a turbulent 2019 and in spite of high volatility in the market, the king coin registered an impressive growth north of 90 percent. In Coinmetrics’ recent State of the Network report, Bitcoin’s performance with regard to various factors and other assets was evaluated, including fundamental properties and other adoption parameters. A section covered...Read More
Search online for ‘possible creators of Bitcoin’ and Bit Gold creator Nick Szabo will always appear near the top of the list. His long history in the cypherpunk space, his writings on money, digital cash, and smart contracts, and some facts about his past have often been used to create a compelling picture that he...Read More
One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have...Read More
It’s only a day into 2020 and an economist has labelled bitcoin a ‘pyramid scheme’.| Source: Shutterstock.com Chief Economist for Lending Tree labels Bitcoin a ‘pyramid scheme’ – and he might just be right. Look closely at cryptocurrency and realize it probably isn’t the savior it’s been erroneously sold as. Cryptocurrency holders share much in...Read More
Despite Bitcoin’s inability over the last couple of months to cross the crucial $8000 mark, the coin was found to have recorded gains of over 85% since the start of 2019. However, not everyone seemed to be in agreement as Tendayi Kapfidze, Chief Economist at Lending Tree, made waves in the crypto-community after he stated...Read More
Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but...Read More
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network...Read More
Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.The price is currently declining and it remains at a risk of more downsides below $7,000.There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum is also struggling below...Read More
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. Also read: Regulatory Roundup...Read More
Cryptocurrency-related trends on Twitter are not an official market indicator. However, it would appear that #bitcoin has been trending in South Africa over the past 48 hours. It is always interesting to see bitcoin trend on social media. South Africa Goes Crazy Over Bitcoin When this happens on Twitter, it is often to find the...Read More
Despite calls for its imminent demise, bitcoin has printed higher lows almost every year since it was born. Here are four reasons why the leading cryptocurrency is just getting started. | Image: shutterstock.com Bitcoin delivered investors the highest return on investment (ROI) of any security in any asset class in the 2010s. Jack Dorsey’s Square...Read More
In less than a decade, Bitcoin and Ethereum have captured the attention of people around the world. Born during the time of recession and excessive pessimism, Bitcoin aimed to revolutionize payments. Soon thereafter, Ethereum became the world’s leading smart contracts platform. However, when it comes to the distribution of coins, they differ vastly. Bitcoin and...Read More
On the most recent episode of the ‘What Bitcoin Did’ podcast, Jack Mallers, Founder of Zap, a Lightning Network wallet, spoke to host Peter McCormack about the use-cases for Lightning and its role in the future of money. During the podcast, McCormack spoke of how citizens in El Salvador were using Lightning to make payments...Read More
With 2019 now in the history books, looking back at the year it was a rollercoaster ride for Bitcoin traders, with the asset reaching lows around $3,000 then rallying by 350% to $14,000 before falling back down to $6,500 at a local low.However, according to one analyst, that rollercoaster ride is about to get a...Read More
Ripple’s controversial native token XRP closed 2019 at a substantial loss, but according to a prominent analyst, the cryptocurrency is ready to break the bearish jinx in 2020.Crypto Michaël, a popular cryptocurrency analyst on Twitter, spoke about this on Wednesday, saying that the XRP-to-dollar exchange could undergo a massive trend reversal this year. The top crypto...Read More
