By Kenzan Boo On July 26, 2019, Coinbase Earn launched the Dai Advanced Task. In a few days, users created more CDPs (Collateralized Debt Positions) than ever existed. In the previous 11 months, about 9,000 CDPs were created on the blockchain with MakerDAO. We chose to launch on a Friday. On the weekend after the...Read More
Since the massive bitcoin and crypto surge in late 2017 and resultant crash in 2018 everyone has been waiting for a return to those giddy heights. In reality, it may just take a little longer as it did after the dotcom bubble burst. Bitcoin’s Slow Build Looking at previous years may give us an indication...Read More
According to a recent announcement by one of the world’s largest crypto exchanges, Binance, its USD-backed stablecoin was just approved by the New York State Department of Financial Services. One of the world’s largest crypto exchanges by trading volume, Binance, has been making headlines on a regular basis for the last three years. The exchange...Read More
Crypto is entering its second decade, after 10 years of highly dynamic development. Brian Armstrong, CEO, and co-founder of Coinbase revealed his expectations for the coming decade. User Base to Expand to 1 Billion for One Scalable Blockchain Predicting what comes for crypto assets will also in a way outline and affect their future, commented...Read More
Bitcoin arose as a pretty high-minded idea, engendered in specialized cryptography forums. In its early days, its merits have been discussed by communities like the LessWrong forums. Bitcoin Gained a Bad Reputation in its Early Days Crypto assets and Bitcoin, in particular, gained a public image of being a simple-minded Internet coin, used by gamers...Read More
The past two years have opened the eyes of the world to crypto currencies. Showing particular interest has been central banks with a number of them developing their own stablecoins and more will be arriving this year. Year of the Stablecoin Many of the existing stablecoins may simply disappear under an avalanche of better alternatives....Read More
The previous decade has been interesting from a financial point of view. Primarily the evolution of bitcoin is worth taking into account. This remains one of the most modern forms of money to be introduced in the past 10 years. The Bumpy Bitcoin Ride Continues It has to be said that bitcoin’s evolution has not...Read More
Looking at the overall transaction value of different cryptocurrencies, interesting trends become apparent. It would appear that XRP has successfully overtaken ethereum in this department, at least temporarily. The overall adjusted value of transactions on both networks is relatively high. XRP Beats Ethereum, for a Change Virtually every day, ethereum beats XRP hands down in...Read More
After hovering below its previous support at $7,000 for several hours yesterday, Bitcoin’s bulls were able to generate significant momentum that has allowed BTC to reclaim its position within the $7,000 region, and it appears that this upwards momentum is growing.This move coincided closely with news regarding a US airstrike on a top Iranian military...Read More
Several cryptocurrency projects have locked up part of their supply a while ago. TRON is no exception, as its lockup occurred in December of 2017. It now appears that this funds is back under control of the TRON Foundation. Plenty of TRON to go Around That in itself is not necessarily something to be concerned...Read More
If you are looking to borrow or lend BTC, here are some of the best Bitcoin lending sites and P2P platforms that you can use for this particular financial service. What Is Bitcoin Lending? Bitcoin lending is similar to your regular bank loan, the difference being that you do not need to involve banks and...Read More
Instantly verifiable, unhackable and forever retrievable are some of the key features of information stored on a blockchain. These are also the characteristics that traders of various assets, commodities and currencies would appreciate when it comes to the price data they are using. The team behind the Blitz Ticker project have decided that’s exactly what...Read More
Advancing development and growth in the blockchain industry is crucial. A recent MKR contribution to Carnegie Mellon will spur further research of dApps and protocols. Further growth of blockchain technology requires attracting more developers and coders. Massive MKR Donation to Carnegie Mellon One way of doing so is by offering a “grant” of sorts. Carnegie...Read More
It appears that there are a fair few of malicious Chrome extensions out there. Albeit Google removed two of them, a new fake offering claiming to be a Ledger product has shown up. Ledger is one of the most popular hardware wallet manufacturers in the world. Another Fake Chrome Extension The company has also developed...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
After ending 2019 with bad news of being banned on Google Play, Ethereum crypto wallet and dApp platform, MetaMask, managed to make a comeback on January 1st, 2020. Google Reverses Decision The Ethereum ecosystem saw a small setback in the last week of 2019 after Google decided to ban the Android client of MetaMask from...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
2019 was a crazy year for cryptocurrency enthusiasts and a number of interesting events happened throughout the last 12 months. It’s hard to keep track of the day-to-day activities taking place within the cryptosphere and there may be a few incidents some of our readers missed. At news.Bitcoin.com we took the opportunity to scan our...Read More
XRP has been one of the worst performing major cryptocurrencies throughout 2019, as it struggled to gain the upwards momentum seen by Bitcoin in the early half of the year, while underperforming BTC during its downtrend during the second half of the year.This bearishness may spill over into 2020, as the cryptocurrency’s fundamental strength is...Read More
Some very exciting developments are on the horizon for bitcoin cash. Primarily the Cashfusion protocol has proven to be of great interest to community members. Several key enhancements will be introduced to bitcoin cash in the near future. Major Changes for Bitcoin Cash The Cashfusion protocol will improve upon the existing Cashshuffle protocol. This allows...Read More
There are always some developments in the cryptocurrency space worth paying attention to. LoopRing’s implementation of zkRollup for DEXes is certainly paying off. It is a very interesting way of scaling transactions on Ethereum. zkRollup is a Powerful Tool The main benefit of zkRollup is how transactions can be bunched together, instead of being handled...Read More
A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now...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
A fall in an important Bitcoin-related metric with ties to overall crypto market sentiment over the past couple of weeks, suggests that recent price action across the crypto market has traders and investors increasingly fearing that the bottom isn’t in for Bitcoin, and may be adjusting their expectations and preparing positions in anticipation of the...Read More
Following Bitcoin’s meteoric rise into the public eye back in 2017, nearly every economist, analyst, and even regular Joe had a prediction for what the first-ever cryptocurrency would eventually be valued at.However, few predictions are as famous as that of cybersecurity expert John McAfee, who put a particularly valuable wager at risk if his prediction...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
