Cryptocurrency Not Banned in India, According to RBI

Over the course of the past half-decade or so, the cryptocurrency space has grown at a breakneck pace, and it is believed that it is going to keep expanding in the years to come. However, in this regard, it is also important to note that it has thrived because many nations have not outlawed crypto tokens. In this regard, India, one of the world’s biggest economies, cleared the air about its stance on cryptocurrencies. The central bank of the country, the Reserve Bank of India, stated that despite reports to…

Ether Was the Cryptocurrency Most Correlated to Other Coins in 2019

Recent research shows that Ether (ETH) was the cryptocurrency most correlated to the rest of the crypto market in 2019. In a report published on Jan. 22, the research arm of major cryptocurrency exchange Binance suggests that throughout 2019, ETH had an average correlation coefficient of 0.69. The paper, which compared correlation data of 20 top cryptocurrencies, reads: “Ether (ETH) is the highest correlated asset. With an average correlation coefficient of 0.69 throughout 2019, it is consistently among the most correlated assets. The coefficient started at 0.69 in Q1 and…

EGifter First BitPay Merchant To Accept XRP Cryptocurrency

BitPay, a leading provider of Bitcoin and cryptocurrency payment services, announced on Jan. 21 the launch of XRP payments and cross-border transfers. BitPay has also added support for XRP — the cryptocurrency used by Ripple’s payment network — to the BitPay Wallet app.  Although rumors were circulating on Jan. 20 across Twitter and Reddit that BitPay had added support for XRP, the company officially confirmed its work with Ripple’s developer platform Xpring to complete the integration.  According to BitPay’s CMO, Bill Zielke, BitPay merchants around the world are now able…

Analytics Firm Training Students to Detect Cryptocurrency Scams

Cryptocurrency analytics firm CipherTrace has launched “Defenders League,” a program designed to provide students with the training and tools necessary to investigate crypto-related scams.  On Jan. 13 CipherTrace announced partnerships with the Middlebury Institute of International Studies at Monterey, Middlesex University London, and the Blockchain Acceleration Foundation (BAF). The Defenders League will initially consist of graduate students from Middlebury and Middlesex, along with BAF students at nine universities located across California. CipherTrace’s chief financial analyst, John Jeffereies, told Cointelegraph that the Defenders League’s objective is to make the crypto economy…

What will happen to cryptocurrency in the 2020s

Yesterday I recapped the last decade in crypto. Today, let’s look ahead to the future and what I think will happen in the 2020s. Of course, no one can predict the future with much accuracy, but one way to predict it more accurately is to invent it! In short, I think over the next decade we’ll see a blockchain, that is both more scalable and includes privacy features, reach about 1B users by the end of the decade (up from about 50M at the start of the decade). Adoption will…

4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed

Bitcoin (BTC) made a sudden jump of 9% in the past 24 hours. However, altcoin cryptocurrencies have been showing strength recently as well. Recent surges from large caps have been in the double digits with Dash (DASH) surging 50% and Bitcoin Cash (BCH) 30% in the past four days. Is it possible to draw a conclusion that the altcoin market capitalization is potentially bottoming? Let’s find out. Crypto market daily performance. Source: Coin360 Altcoins retraced to their cycle lows Many altcoins have reached their cycle low levels, which means that…

This Bullish Cryptocurrency is Asking for Investors’ “Attention”

It is an ideal time to open a long position on the popular cryptocurrency BAT, according to prominent Twitterati Crypto Michaël. The full-time stock and crypto trader said on Monday that BAT could undergo a massive upside swing that ranges from anywhere between 29 percent and 135 percent. He based his prediction upon his belief that the cryptocurrency is in a strong accumulation zone, noting that the price support area around 2,300-2,450 satoshis could attract traders en masse. “I’m aiming to see whether 2450 or 2300 hold as support,” said Mr. Michaël. The…

What Is a Cryptocurrency? We Need Clearer Definitions

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 Cryptocurrency Exchange Holds 0.18% of All Bitcoins in Circulation

BitMEX, the world’s largest cryptocurrency exchange by daily trading volume to date, now holds 0.18% of all Bitcoins (BTC) in circulation.  In a Dec. 26 tweet, James Lopp, CTO at New York-based crypto custody startup Casa, also pointed out that BitMEX’s dedicated insurance fund has surged 62% in 2019. BitMEX holds 33,449 Bitcoins out the 18.1 million mined to date According to daily historical records of BitMEX Insurance Fund, the balance of the fund has grown from 20,776 BTC on Jan. 1, 2019 to 33,449 BTC on Dec. 26, worth…

Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange

Ethereum (ETH) co-founder and core developer, Jeffrey Wilcke, has reportedly sent 92,000 ETH ($11.5 million) to U.S. cryptocurrency exchange Kraken on Dec. 25. While Cointelegraph reported early today about concerns that Ethereum co-founder Vitalik Buterin could be planning to sell $25 million worth of the cryptocurrency, a tweet sent by Jeffrey Wilcke indicates otherwise. Source Twitter Wilcke, whose GitHub shows he is the co-founder of Grid Games, made the claim that he needs the money to fund his game. The proof is in the blockchain In addition to Wilcke’s tweet, sources…