Block.one, the parent company behind EOS, announced a launch date for its social network Voice. The company plans to launch a beta version of Voice on Feb. 14, 2020. The announcement also indicates that “tens of thousands” of users have already signed up over the past several months. Voice has additionally published a new FAQ...Read More
Since the inception of Bitcoin, a variety of unique individuals have come forward saying they invented blockchain technology. In 2019, a few more self-proclaimed Satoshis came out of the woodwork, alongside evidence pointing toward other individuals who could have used the moniker. So far, clues examined this year still haven’t revealed a smoking gun and...Read More
While Ethereum‘s Istanbul upgrade was deemed successful, it was, however, not all smooth-sailing. The upgrade that went live on block 9,069,000, introduced six Etheruem Improvement Protocols, and all the major clients such as Geth, Parity, Aleth, Besu, Nethermind, and Aleth had released version that would be compatible with Istanbul, and the result of failing to...Read More
XRP’s price was hovering between the $0.21-$0.25 range for a long time now. A much-needed breakout to the positive side could be in the offing as XRP bulls take position to take over. The coin was trading at $0.23 after a surge by 2.14% over the last 24-hours, at press time. Additionally, according to data...Read More
The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around the world have been either regulating cryptocurrencies or completely banning them, while a few others are still in the process of figuring out how to...Read More
Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and 24-hour trading volume...Read More
Monero recently upgraded its network, keeping in line with its constant efforts to steer clear of ASIC centralization. One of the major network upgrades included the shift of the mining algorithm from CryptoNightR to RandomX. The new algorithm not only puts ASIC miners at a disadvantage but also limits GPU mining to an extent. The...Read More
Last month, MakerDAO rolled out its Multi-Collateral DAI [MCD] which is supported not just by Ethereum but also Brave’s Basic Attention Token [BAT], as opposed to its Single-Collateral DAI [SAI] which restricted its support to Ethereum alone. While this seems to be successful as the total DAI in circulation surpassed 50 million, the possibility of...Read More
Bitcoin’s price collapse creates opportunity to buy more BTC, but how much? When AngeloBTC, BitMEX‘s ex-top trader tweeted that Bitcoin would dip into the $6,000 zone on October 15, most of the traders were skeptical and asked him to delete the tweet, stemming from disbelief that BTC wouldn’t dive that deep. 38 days later, BTC...Read More
The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. Korean Authorities Hope to Tax Crypto Capital Gains Until recently, Korea was one of the most active markets for crypto speculation....Read More
Internal Revenue Services [IRS] released a 2019 criminal investigation report celebrating its 100 years of law enforcement. The report entailed the fight against criminals using advanced technologies to evade taxes and commit other crimes. The report specifically mentioned the success it has had over the past year in curbing and apprehending criminals who used cryptocurrencies....Read More
An art lover who paid $120,000 for an installation of an over-ripe banana duct-taped to a wall, had his investment eaten by a performance artist. One hopes that if he has that much money to ‘waste’ on what is now just a banana skin with some tape stuck to it, he’s already filled his bags with...Read More
Benefitting from innovation in the maturing cryptocurrency ecosystem, decentralized exchanges or DEXs have become the next big wave that has exhibited positive figures over time. 2019 was indeed the year of DEXs. Decentralized financial services or DeFi has been touted as a potential growth catalyst for DEX. Most DeFi services rely on decentralized exchanges for...Read More
The term digital gold has been used on Crypto Twitter after several influencers pointed out similarities between Bitcoin and gold. While some thought that it was good to view Bitcoin as digital gold or store of value asset, a few others highlighted the fact that this was defying Bitcoin’s use case as digital cash. The...Read More
While the perception of cryptocurrencies has changed for the better since the crackdown of Silk Road, the outlook on privacy-enhancing cryptocurrencies has not seen much change. Governments continue to tread cautiously towards them compared to Bitcoin and Ethereum. The wariness has impacted the growth of fungible cryptocurrencies such as Monero as more and more centralized exchanges...Read More
Over the past few months, Ethereum community had been gearing up for its eighth network update, Istanbul. Earlier today, Istanbul went live on the network at block number 9,069,000. Several developers of the Ethereum network along with Vitalik Buterin live-streamed the “Istanbul Upgrade Countdown Party!” Buterin revealed that the fork block was mined by SparkPool....Read More
News.Bitcoin.com recently reported on web portal Bitcoinbch.com’s in-depth report, which detailed BCH outshining BTC retail spending in Australia by a wide margin during the month of September. The next month, BCH captured 90% of October’s crypto spending in the country. Now the website has published its November report that discloses all the crypto-based expenditures at...Read More
Can cryptocurrencies ever replace fiat? This has been a subject of debate for many years now. According to Deutsche Bank’s latest study, the answer could be yes. Deutsche Bank’s analyst Jim Reid’s new study, titled ‘Imagine 2030‘, stated that Bitcoin and other cryptocurrencies could eventually replace the established Fiat currency system by 2030. “Overcoming regulatory...Read More
The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most importantly, the aim of using blockchain technology includes protecting miners’ health and the environment. NYT: “Blockchain Is a Growing Niche Within the Global Jewelry Industry” The World Gold Council indicates that the...Read More
The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could...Read More
The past month has been a pretty challenging time for bitcoin HODLers, and cryptocurrency in general. There has been precious little to celebrate, save for the fact that prices could easily have gone lower still. So isn’t it about time we had some positive news? Luckily, who should pop up at just the perfect juncture,...Read More
Bitcoin and other cryptocurrencies emerged as a reaction to the inefficient traditional financial system and a growing crisis of confidence in these systems. Bitcoin has been used as an “escape valve” in countries with oppressive regimes like Venezuela and Zimbabwe and more than a decade since the creation of the Bitcoin genesis block, it can...Read More
The long-awaited Ethereum Istanbul hard fork will take place at 12 AM GMT on December 8. Once again, most ETH nodes are waiting until the last moment to upgrade. Ethereum Nodes Wait to Upgrade Until Last Moment Based on Ethernodes, the percentage of nodes that had not upgraded with the Istanbul version was pegged at...Read More
Ethereum client Parity released an urgent announcement, admitting that they forgot to include an EIP in the latest upgrade. Ethereum’s Biggest Client Forgets EIP Inclusion A recent announcement posted by one of Ethereum’s biggest clients, Parity, came as a surprise. The service admitted that it forgot to include an EIP (Ethereum Improvement Proposal) into their...Read More
While cryptocurrency markets have been moving sideways during the last few weeks, digital currency proponents have been observing large bitcoin whale movements. Transactions with tens of thousands of BTC have been noticed on the move from one wallet to another. On Friday, one colossal BTC holder moved over 50,000 BTC ($410 million) and cycled the...Read More
In an Ethereum Q&A session conducted on YouTube, Bitcoin and open blockchain expert, Andreas Antonopoulos spoke about the proposed Ethereum 2.0 hard fork, the ‘first-mover advantage’, and whether or not he thought Ethereum would become the next Bitcoin. Antonopoulos explained how Ethereum and Bitcoin store accounts and code in fundamentally different ways. Where Bitcoin uses...Read More
After touching an 8-month low on November 25, the Ethereum community saw the flagship coin make some modest gains, including a brief move up to $156 two days before December began. Since then, ETH has been consolidating between the $150 and $146 marks, with a value of $148 at the time of writing. CoinMarketCap shows...Read More
A Bloomberg article published on December 4 cited a study conducted by the San Francisco-based ‘Crypto Fund Research’, which stated that nearly 70 crypto-focused hedge funds catering to pensions, family offices and wealthy individuals had closed down this year. It also claimed that the number of new funds launched this year is less than half...Read More
Bitcoin’s journey through 2019 has been extremely volatile; starting at $3,000 and reaching a high of $13,800. Bitcoin’s price seems to be stuck in the $7,000 range for more than two weeks and the pattern formed since then indicated an incoming bearish move. BTC is in an ascending channel forming higher highs and higher lows....Read More
Transactions executing on Ripple’s On-Demand Liquidity [ODL] platform, previously known as xRapid, is on the rise. The fourth quarter continued to exhibit positive metrics for the XRP ecosystem despite the market’s bearish price momentum. In the latest development, XRP enthusiast, H_M_X revealed that transactions on the MXN corridor amounted to over $100 million out of...Read More
