Year: 2019

Bitcoin 2020 — Blockchain’s New Year Resolutions

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Most of us believe in the “New Year — New Me” rhetoric: I’m going to lose weight, quit smoking, eat healthy, stop being lazy, spend more time with family and whatnot. Yet, losing weight usually only turns into losing motivation instead. But then, it doesn’t really make sense to laugh at our absurdities, as we humans have plenty of them. Not when it comes to New Year’s resolutions, at least. I mean, we can mostly agree that it’s just a hefty to-do list for the first week of January. Now,…

XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

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Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year.  Moreover, most altcoin/BTC pairs have been hitting new lows, and many of the coins are still trending downwards, looking for potential support. Crypto market daily performance. Source: Coin360 One of these coins is XRP (XRP), which has seen a decrease of 50% over the year, going from $0.39 to $0.195. Will 2020 be a similar year for XRP and altcoins, or can we see…

Ethereum Network Overcame Intentional Attack Affecting Parity Nodes

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The Ethereum (ETH) network was apparently the target of a coordinated attack, according to several analysts. Following reports that some Parity Ethereum nodes lost sync with the network, on Dec. 31, core blockchain infrastructure company Parity Technology said it believed there was an attack underway and subsequently released network upgrades to protect against it.  According to cryptocurrency security consultant Sergio Demian Lerner, the attack was implemented in a simple way, wherein “you send to a Parity node a block with invalid transactions, but valid header (borrowed from another block). The…

Bitcoin’s 9,000,000% Rise

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Dec.31 — Emerging out of the ashes of the financial crisis, Bitcoin has proved to be the decade’s best-performing asset. The largest digital token, trading around $7,200 has posted gains of more than 9,000,000% since July of 2010. Bloomberg’s Eric Lam reports on “Bloomberg Markets: European Open.” UCIALMKvObZNtJ6AmdCLP7Lg Source link

Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live

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Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) announced that its blockchain-based, physical gold-backed transfer system is now live. Turkish Takasbank launched BiGA Digital Gold to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold, according to an announcement on Dec. 30.  The BiGA system — first announced in September 2019 — enables participating banks to use blockchain tech to transfer digital assets representing a quantity of physical gold. Each asset represents a gram of gold that is physically stored in vaults of the…

What Is a Cryptocurrency? We Need Clearer Definitions

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Dr Gina C Pieters is an Assistant Instructional Professor in the Department of Economics at the University of Chicago, and a Research Fellow at the Cambridge Centre for Alternative Finance at the University of Cambridge. She has been researching cryptocurrencies since 2015. There is an unresolved debate over how to define decentralization in a distributed ledger system, even though decentralization of peer-to-peer payments was…

BitMEX Ends Year With Additional 13K BTC in Its Insurance Fund, Up 61%

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The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin in circulation, based on the data available at Blockchain.com.  The fund, which the cryptocurrency exchange set up to ensure that liquidation orders related to leveraged positions are filled, ended 2018 with almost 20,800 BTC. This means that the fund has seen a 61% increase since the start of 2019. How does the BitMEX Insurance Fund work? Crypto derivatives…

Bitcoin Bulls Not Out of Woods, Wait For Break Above $7.5K

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Bitcoin price is currently consolidating above the $7,200 and $7,150 support levels against the US Dollar. The price is likely to climb higher again unless there is a daily close below $7,000. There is a key bearish trend line forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break $7,240 and $7,300 to start a fresh increase heading into 2020. Bitcoin price is showing signs of a renewed upward move against the US Dollar. BTC must stay…

Bitcoin And Crypto Market Eyeing Fresh Increase: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap is holding an important support area near the $185.0B level. Bitcoin price is struggling to continue higher and trading close to the $7,200 support. EOS price is down 2% and it is now trading near the $2.600 support area. Binance Coin (BNB) is down 3% and it failed to stay above the key $14.00 support. BCH price is declining towards the $205 and $200 support levels. Tron (TRX) price is facing a strong resistance near the $0.0136 and $0.0138 levels. The crypto market cap and…

Ethereum (ETH) Could Dive If Bitcoin Continues To Struggle

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Ethereum is down around 4% from the $138 high and tested the $130 support against the US Dollar. The price is currently consolidating above the $130 support, with a few bearish signs. There is a connecting bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin failed to stay above $7,300 and it is now trading near the $7,240 support area. Ethereum price is facing an increase in selling versus the US Dollar due to a steady decline in bitcoin. ETH…