Bitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only […]
Continue ReadingBloomberg analyst concurs optimistic on-chain indicators. Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the […]
Continue ReadingMulti-chain DeFi framework, Equilibrium, raised EOSDT circulation cap from $70 million up to $170 million with pBTC integration. As the decentralized finance, or DeFi, industry continues to grow, the need for liquidity in cryptocurrencies is steadily increasing. DeFi startup Equilibrium has today expanded the supply of its decentralized EOS stablecoin, EOSDT, as a result of […]
Continue ReadingChina has consolidated more than half of the world’s Bitcoin mining operations. What threats could the situation create? Could China take over the Bitcoin (BTC) ecosystem? It’s a very real possibility, and it could happen very quickly because China controls more than half of the world’s Bitcoin mining operations — upward of 65% of the […]
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DLT firms are targeting the copyright industry, with Ontology partnering with social creator platform OGQ to copyright 250 million pieces of digital content. Blockchain platform Ontology announced a partnership with social creator platform OGQ to use the Ontology blockchain to ensure copyright protection for content created through the platform. OGQ allows users to upload and […]
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Bitcoin price corrected 11.36% after setting a multi-month high at $9,400 but bullish investors appear intent on recapturing $9,000. Thursday’s Bitcoin (BTC) price action was relatively uneventful compared to the past 48-hours of activity that the top-rated crypto on CoinMarketCap pulled off on Tuesday and Wednesday. On crypto-Twitter, one will easily find analysts calling for […]
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Blockchain scalability solution Matic launched a privacy-focused coronavirus tracking mobile application. Blockchain scalability solution, Matic, launched a privacy-focused coronavirus tracking mobile application. According to an April 29 announcement, the new app — dubbed Tracy — leverages the Matic network for contact tracing and quarantine management. The solution also uses decentralized data storage solution, MóiBit, to […]
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Neither the crypto bear market of 2018 nor the current mainstream financial crisis have stopped crypto exchange Binance from expanding. Over the past three years, Binance has expanded its operation, even through a major crypto bear market. This trend has continued into the current coronavirus-induced mainstream financial crisis. “We always continue to expand even during […]
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Bitcoin might not be the most stable asset out there, but it is more stable than some economies. The demand for cryptocurrency in certain countries is growing amid the COVID-19 pandemic. Bitcoin (BTC) peer-to-peer trading volume in Argentina, Chile, Venezuela and Morocco has peaked over the past few weeks, marking new all-time highs. Additional reports […]
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As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically. As the global economy trembles, investors continue to find sanctuary in stablecoins. In the most recent 12-month period (ending April 29, 2020), the three top stablecoins — Tether (USDT), Circle (USDC) and Paxos (PAX) — increased […]
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