Ethereum price has stalled below $400 but ETH options data suggests the altcoin will push through the resistance level soon. Ethereum (ETH) options open interest increased by 5 fold over the past three months to reach $337 million. Although this figure pales in comparison to the current $1.8 billion Bitcoin (BTC) options market, Ether options […]
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LongHash said China’s blockchain companies have increased substantially and recorded an all-time high in 2020 despite Covid-19. Blockchain and crypto data platform LongHash revealed on August 8 in a tweet that China’s blockchain sector has grown substantially despite the pandemic this year. It stated that over 10,000 blockchain companies were established between January and July. […]
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Bitcoin and most altcoins are likely to remain range-bound for a few more days before resuming the next leg of the up move. The U.S. markets have rallied sharply from their March lows, led by the tech sector and Fed injections designed to hold up the ailing economy. Markets across the globe have also joined […]
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Hacks into crypto exchanges target open-source libraries and take advantage of inside jobs researchers said. Researchers at the Black Hat security conference revealed that crypto exchanges might be vulnerable to hackers. Although crypto exchanges have high privacy and security to protect their funds, researchers still found three ways hackers can attack these crypto exchanges, according […]
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With more chips produced outside of Asia and more countries offering cheaper power, China’s mining dominance may not last said Jameson Lopp. China’s dominance in Bitcoin mining may not last as more mining chips are produced and other countries offer cheap power sources, said cypherpunk Jameson Lopp in a blog post. Lopp noted China has […]
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How Bitcoin’s third halving, Ethereum 2.0’s launch and the COVID-19 pandemic are affecting the crypto mining industry. Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left […]
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Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams. Facial recognition can help prevent future Bitcoin (BTC) scams like those that hit Twitter and YouTube, said Rod Hsu, president and co-founder of virtual currency platform Coincurve. During an interview with Cointelegraph, Hsu said Bitcoin is an electronic form of currency that […]
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What are some trends in the crypto and blockchain space that may take hold and remain ongoing throughout the rest of 2020? The cryptocurrency field is a place where everything changes in the blink of an eye. New technologies, key market players and trends shift much faster than in any other industry. From the current […]
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One of the biggest commercial banks in South Korea has partnered with the Korea Expressway Corporation for a blockchain-based toll system. KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to bring blockchain-based toll payments system across the nation’s highways. […]
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Bitcoin traders not fazed as the global stock market enters bubble territory, according to the Buffett Indicator. According to the Buffett Indicator, the global stock market has entered a “bubble territory,” says Welt market analyst Holger Zschaepitz on Aug. 9. The recent correlation between Bitcoin and stocks could mean BTC is also at risk of […]
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