March 30, 2020
While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market valuation of eight different stablecoins combined is well over $7 billion. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up Considerable Demand for Stablecoins Pushes ‘Dollarized-Token’ Market Caps Northbound Crypto assets have seen better days as far as market values are concerned and on March 30 the valuation of all 5,000+ digital currencies is around $182 billion. Today, more than $7 billion from that number represents eight stablecoins including USDT, USDC, PAX, TUSD, DAI, GUSD, BUSD, and HUSD. Most of that $7 billion derives from USDT’s market cap, as […]
March 30, 2020
The blockchain research institute plans to hasten blockchain adoption by integrating DLT into other emerging technologies that are thriving in China
March 30, 2020
Anyone venturing into the digital currency scene understands the significance of performing analyses to evaluate potential gains. Security breaches and hacking are a constant risk when it comes to the realm of cryptocurrencies. Nevertheless, the level of security and protection offered by the trading platform chosen is often overlooked. Consequently, this oversight has so far resulted in a loss of approximately $4.26 billion. Whenever scammers or hackers are successful in their fraudulent practices, this results in an average loss of $43 million. 2 Notorious Cases where Security Failed Reputability and popularity do not guarantee protection from malicious behaviour. To fully understand the gravity of fraudulent activity and security breaches, one must keep in mind some of the most infamous security failures in recent history. 1. Bitfinex Loss: 120,000BTC or $72 million in assets (2016) Considered as one of the most […]
March 30, 2020
The Blockchain Gaming Alliance sees new sponsors including Ubisoft and MakerDAO
March 30, 2020
BTC selling from miners could be impacting the price on spot exchanges, taking a closer look at Bitcoin’s mining difficulty provides some useful insights
March 30, 2020
OKCoin, one of the oldest exchanges in China, has secured crypto licensing in Japan
March 30, 2020
France’s central bank officially announces a CBDC application program, inviting participants to submit their applications by May 2020
March 30, 2020
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and also limited automated teller machine (ATM) withdrawals to 5,000 pounds per day. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up Central Bank of Egypt Enforces Cash Withdrawal Limits at Bank Branches and ATMs The global economy has been suffering from the economic hardships tied to the covid-19 outbreak that has ravaged multiple countries. The coronavirus scare has caused people to question the use of cash due to the uncleanliness of bills. For instance, at the beginning of March, the […]
March 30, 2020
Modern digital companies require more and more energy, which contributes to the global rise of carbon emissions
March 30, 2020
Bitcoin seems to be building up momentum for a breakout above $7,000 and many of the top-10 altcoins are following suit by posting moderate gains
March 30, 2020
Riot Blockchain says that COVID-19 will affect its cryptocurrency mining business in its annual report to the SEC
March 30, 2020
The founder of Twitter and Square believes that Cash App can distribute the stimulus to Americans with greater efficiency than the government can
March 30, 2020
Singapore-based Huobi is the latest crypto exchange to launch perpetual swaps. The new product is live on Huobi DM, the company’s derivative trading platform. New Product Allows Traders to Benefit from Market Volatility BitMex-like future contracts with no expiry times, commonly referred to as perpetual swaps, are becoming increasingly popular among crypto exchange firms. Last year, Binance and OKEx introduced perpetual swaps, and now it’s time for Huobi to join the trend. Huobi DM already provides crypto derivatives, including Bitcoin futures with contract expiration of weekly, bi-weekly, and quarterly periods. Now the platform offers perpetual swaps. These derivatives allow traders to get exposure to Bitcoin without actually owning it. The product is similar to a futures contract that mimics the cryptocurrency’s spot price, but it has no expiry or settlement. Usually, platforms exchange payments between buyers and seller every 8 […]
March 30, 2020
In 44 days, BTC miners will face the third reward halving as the block subsidy will soon shrink from 12.5 to 6.25 coins per block. Following the market carnage in mid-March, BTC’s hashrate plummeted 44% to a 2020 low of 75 exahash per second (EH/s). Since then the hashrate has climbed back above 100EH/s, but profitability between SHA256 networks like BCH and BSV has been a lot more erratic than usual. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History BTC Recaptures 100 Exahash – SHA256 Miners Bounce from Network to Network Chasing Profits Three halvings are just around the corner and people monitoring these networks have been noticing a lot more action within the SHA256 mining ecosystem. The market downturn after March 12, stemming from the covid-19 scare, has caused a massive revenue shift […]
March 30, 2020
Ethereum miners no longer need to worry about Antminer E3’s obsolescence coming next month as Bitmain has released a firmware update earlier today. Antminer E3 Was About to Become Useless at Mining Ethereum On Monday, Beijing-based mining equipment manufacturer Bitmain announced that it had updated the firmware of the Antminer E3. This will allow Ethereum miners to continue using the machine without being afraid of its obsolescence. Bitmain pointed to recent media reports, according to which the equipment, which was designed specifically for mining Ethereum and Ethereum Classic, will stop being relevant by next month. The allegations were based on hash rate output projections made by altcoin mining pool operator 2Miners. The miner stressed that the recent decline in the hash rate output of the equipment would make it obsolete by April. In a blog post published at the end […]
March 30, 2020
Since its inception back in early 2009, blockchain technology has come a long way. With the waves that Bitcoin has made all across the media for the past few years, blockchain app development has gained serious recognition and it is starting to become more and more present in our daily lives. In the beginning, blockchain was created as an economic experiment, giving birth to the first version of this technology, also known as blockchain v1.0. At that point, this new tech’s focus relied solely on currency, assuring that transactions are made securely and anonymously, without any third-party involvement. This experiment proved to be a success, and so blockchain continuously evolved for the coming years. Smart Contracts appeared, and then blockchain apps became a thing, and now more and more businesses adopt this technology due to its reliability and difficulty of […]
March 30, 2020
Twitter bot Whale Alert reported that 5,500 Bitcoin was moved from an unknown wallet to Binance, prompting fears that the transaction might lead to a significant drop. $33.8M Worth of BTC Moved from Unknown Wallet to Binance On March 29, about $33.8 million worth of Bitcoin left an unknown wallet to reach Binance. The crypto exchange hasn’t confirmed yet that this was an internal move, which makes the crypto community think this might be another example of how institutional investors are dumping the cryptocurrency. 5,500 #BTC (33,856,623 USD) transferred from unknown wallet to #Binance Tx: https://t.co/lYfUI5S7GS — Whale Alert (@whale_alert) March 29, 2020 Some commentators implied that a steep in the Bitcoin price coincided with the move, which proved that it was not about Binance about reshuffling its wallets. Shortly after the transaction showed up on blockchain, the Bitcoin price […]
March 30, 2020
The coronavirus crisis is a global pandemic and swiftly approaches 1 million confirmed cases worldwide. Some people still dismiss this threat, including Roger Ver. Not everyone in the cryptocurrency space thinks the coronavirus is worth all of the media attention. Roger Ver Isn’t Worried About the Coronavirus Roger Ver, the promoter of Bitcoin Cash – which is not the real Bitcoin – is one of these people dismissing it as a fad. More specifically, he recently posted a Tweet that did not go over well with a lot of people. It would appear that Roger Ver isn’t a fan of self-isolating to prevent the coronavirus from spreading further. He also claims how the number of deaths caused by COVID-19 appear to be statistically insignificant. It is true that other incidents and diseases cause many more deaths around the globe. Especially […]
March 30, 2020
DeversiFi burned $20 million worth of its governance token to drive DEX adoption following centralized exchange failures
March 30, 2020
Is Tron’s recently announced Djed really a MakerDAO clone?
March 30, 2020
BTC price dead cat bounce or more evidence that the bottom is in?
March 30, 2020
Chinese mining firm Bitmain enhances Antminer E3’s lifespan by launching firmware
March 30, 2020
Opera has integrated Unstoppable Domain’s .crypto domain extension, enabling its users to access decentralized web pages
March 30, 2020
Celsius Network will begin using Chainlink’s price data feed oracles while offering treasury management services to the oracle platform
March 30, 2020
Despite the pressures already placed on healthcare organizations by COVID-19, ransomware operators continue to target hospitals
March 30, 2020
The offering saw Solana raise $1.76 million from 8 million tokens that were sold via Dutch auction for between $0.23 and $0.25
March 30, 2020
The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures totaling some 5 trillion dollars or over 6% of global GDP. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It IMF Declares Global Recession Kristalina Georgieva, Managing Director of the International Monetary Fund, talked about the current economic situation during a press briefing on Friday. She also outlined measures taken by the IMF and the G20 countries in an effort to prevent a total economic meltdown due to the coronavirus pandemic. The press conference followed the G20 leaders meeting the day prior. “We have reassessed the prospect for […]
March 30, 2020
The low is in for Bitcoin after $3,700 crash, Tone Vays has said as he dispels fears of lower lows
March 30, 2020
Major Chinese courier service SF Express is turning to blockchain to bolster its logistics resilience during the COVID-19 outbreak
March 30, 2020
Santander Mexico will support the banking group’s Ripple-powered international payments system One Pay FX in 2020
March 30, 2020
Bitcoin bounces back after signs of weakness result in a brief trip below $5,900
March 30, 2020
Stellar lumen price is currently recovering higher from the $0.0375 area against the US Dollar. XLM price is likely to face a strong resistance near the $0.0405 and $0.0410 levels. Earlier, there was a break below a major bullish trend line with support near $0.0400 on the 4-hours chart (data feed via Kraken). The pair could surge towards $0.0440 if it clears the main $0.0410 resistance area. Stellar lumen price is recovering towards major hurdles against the US Dollar and bitcoin. XLM price could either surge towards $0.0440 or it might slide towards $0.0350. Stellar Lumen Price Analysis (XLM to USD) Recently, stellar lumen price started a fresh decline from the $0.0435 zone against the US Dollar. The XLM/USD pair broke the $0.0410 support area and the 55 simple moving average (4-hours) to move into a bearish zone. Moreover, there […]
March 30, 2020
Thor Chan is the chief executive officer for AAX cryptocurrency exchange. Having previously held key roles at Microsoft, HBSC, App Annie, and Publicis, I was curious to see how these roles have contributed to his entry into the crypto market. Our discussion included how employing LSEG Technology used by London Stock Exchange Group, Singapore Exchange, Borsa Italiana among other top exchanges and organizations, is helping AAX position itself as a next-generation cryptocurrency exchange. Apart from AAX, I engaged Chan on the effects the coronavirus pandemic is having on the cryptocurrency market and whether it’s a blessing in disguise for crypto exchanges and the crypto space at large. I could also not resist myself from asking Chan why the crypto market recently crashed by almost 50 percent. To get started, can you tell me how your growing up influenced your entry […]
March 30, 2020
“If YOU are worried about the coronavirus, YOU should self isolate. Leave the rest of us alone,” protests Bitcoin Cash advocate Roger Ver
March 30, 2020
Software consulting firm Optimum has partnered with EEA founding member BlockApps to develop blockchain solutions for tracking energy usage
March 30, 2020
Ripple price declined recently from the $0.1880 resistance area against the US dollar. The price is now trading below $0.1700, but it is holding the key $0.1600 support. There is a key bullish trend line forming with support near $0.1605 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could only resume its upward move as long as it is above the $0.1600 support area. Ripple price is holding a key uptrend support near $0.1600 against the US Dollar. XRP price is likely to continue higher towards the $0.1880 and $0.1920 resistance levels. Ripple Price Analysis This past week, there was a steady rise in ripple price above the $0.1600 resistance level against the US Dollar. XRP/USD traded above the $0.1750 resistance level and the 55 simple moving average (4-hours). It even managed to climb […]
March 30, 2020
The team behind the high-profile EOS New York Block Producer has been hired by EOSIO developer Block.one
March 30, 2020
Crypto companies are finding new ways promote social distancing in the fight against COVID-19
March 30, 2020
Starting on April 1, blockchain developer ConsenSys will allow Tokyo-based Hitachi Solutions to sell Ethereum-based PegaSys Plus in Japan