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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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,...Read More
“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...Read More
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...Read More
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,...Read More
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...Read More
How did your 2020 begin? While the world’s greatest economic and military superpower was inching close to war with yet another Middle Eastern country, Bitcoin was sitting back and watching its value surge. On January 3, Qasem Soleimani, an Iranian military commander, hailed as the second most important person in the country, was killed by...Read More
XRP has maintained its position among the top three cryptocurrencies, while the development arm of Ripple, Xpring kept up with the innovation streak and the XRP ledger version 1.4.0 was released on Friday, 10 January. Xpring wrote in a tweet: “XRP Ledger version 1.4.0 is available on Mainnet and introduces “Deletable Accounts,” a new Amendment...Read More
XRP, the third-largest crypto has had its downs more than ups; things have started to change for XRP, but the future looks slightly less gloomy. Especially with a tiny surge on the horizon. 4-Hour Chart Source: XRP/USD TradingView XRP’price successfully completed a reversal pattern [triple bottom] and surged by 15% reaching $0.22. This pump for...Read More
The term decentralized currency was meant to signify a virtual currency that would be based on the logic of mathematics and economics, mined from the blockchain and stored in one’s digital wallet, assigned by a private key. However, that is not the case. In a recent piece on the Bankless blog, Coinmetrics co-founder Nic Carter...Read More
Bitcoin halving is expected to take place around May 2020 and it will prompt the inflation rate to decrease by ~1.7%. The halving will also result in the overall mining cost to become expensive, replacing the use of lower-end mining hardware with active ASICs second-hand market, according to TokenInsight’s report. Cloud mining, a type of...Read More
Bitcoin always had its critics. From regulators to bankers, the financial aspect of Bitcoin was a bone of contention to many. Another pain-point with Bitcoin was its production, or rather the energy-intensive nature of Bitcoin mining. Financial freedom for environmental harm was a small price to pay for many. Yet some could not balance the...Read More
According to new research by Kaspersky labs, the infamous Lazarus group used ‘enhanced capabilities’ to attack cryptocurrency businesses. The firm has been following the cyber theft campaign dubbed ‘Operation Applejues’ since 2018 and according to its report, victims across the world including the UK, China, Poland, and Russia have been affected. The hackers used the...Read More
Bitcoin’s recent rally was delayed but it arrived nonetheless; the price shot up by ~16% in 3 days to $8,436. However, the rally has stopped and reversed as the retracement continues. This can mean two things for Bitcoin, a short retracement prior to another pump; exhaustion of the surge. The latter seems more plausible due...Read More
Bitcoin difficulty and hash rate are two important factors that determine network health and also the state of miners. According to CoinMetric’s estimates, the difficulty will hit a new all-time high of 15 trillion in four days. In a recent tweet, CoinMetrics mentioned that there would be an ~8% increase in Bitcoin’s difficulty making it...Read More
Ethereum Classic’s network update Agharta has been scheduled to take place on 12 January and it has been receiving support from various exchanges, clients, mining pools, etc. Binance announced its support for Agharta on 10 January 2020. The exchange announced: “Binance will support the upcoming ETC Agharta Network Upgrade. Deposits and withdrawals of ETC will...Read More
Thailand‘s Siam Commercial Bank (SCB) recently partnered with RippleNet to create ‘SCB Easy’, a mobile application that facilitates instant, low-cost cross-border payment solutions, according to a blog post. With this, the 112-year-old bank became Thailand’s first domestic bank that is willing to push forward with Fintech partnerships. At Ripple‘s annual Swell conference, Arthit Sriumporn, SCB’s...Read More
Prominent Bitcoin Futures and Options Exchange, Deribit has announced that it will be moving to Panama, from the Netherlands. The derivatives platform informed through a blog post that from 10 February 2020 Deribit.com will be operated by DRB Panama Inc., a 100% subsidiary of the Dutch entity. The decision of the exchange followed the “strict...Read More
Bitcoin is known by many names. According to the white paper it’s called the “peer-to-peer electronic cash system,” to its adherents it’s hailed as the “tool for financial freedom,” to the bankers it’s “fool’s gold.” One definition that most can agree on is that Bitcoin is a “decentralized currency” The first of its kind. But,...Read More
Voice, the social media app developed by Block.one appointed Salah Zalatimo as its new CEO, who formerly served as the global Chief Digital Officer with Forbes, according to a blog post. Commenting on this new addition to the team, Block.one’s CEO Brendan Blumer said that Zalatimo’s experience in content tool creation would be a valuable asset...Read More
In a recently published annual report on Bitcoin mining for 2019, TokenInsight spoke about mining-related financial products that are available today, and how they might change in 2020. According to the report, ‘diversified financial products will be launched in the future, paving the way of fierce competition in 2020.” TokenInsight also pointed out how the...Read More
TokenInsight recently published its annual research report regarding the cryptocurrency mining industry in 2019. The report spoke about how most developed countries today have relatively progressive attitudes towards mining Bitcoin and other cryptocurrencies, as well as what factors affect where mining farms are set up. According to the same, “Low electricity cost, well-structured legal framework,...Read More
The heightened tensions between the United States and Iran have contributed to the narrative of Bitcoin as a safe haven asset. However, according to Perianne Boring, Founder of the U.S Digital Chamber of Commerce, this is not the first time the digital asset’s price has spiked during global uncertainty. In a recent interview, Boring recalled...Read More
The world of cryptocurrencies is often talked about in the context of future developments, which is why Bitcoin mining has been largely spoken of in the background of the upcoming halving. However, altcoin mining has been fairly unnoticed. Unlike Bitcoin mining, altcoin mining is considered more complex. Thus, it is still at a relatively nascent...Read More
One of the major drawbacks with regards to the crypto-industry is the lack of substantial data over a long period of time. The industry is still considered to be at its nascent stage as constructive long-term data associated with major altcoins is still not available. During a recent interview, Joshua Frank, CEO and Co-Founder of...Read More
‘Ethereum 2 is coming’ has been the tagline of the Ethereum community for the past several years. However, the new phase, Serenity, is set to come to fruition soon, with the team outlining 2020 as the year it would start rolling out. Serenity would be launching in three phases – phase zero, phase 1, and...Read More
