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For the longest time, a common narrative in the Bitcoin market has been that if the U.S. dollar rallies, the price of BTC will fall — just as the price of gold normally trends higher on a weak dollar. Though even COVID-19 and the subsequent lockdowns have ravaged the world economies, forcing the dollar dramatically […]

There are now over 40 million addresses on the Ethereum network with a non-zero balance. According to cryptocurrency analytics company Glassnode, this represents an increase of 350 percent from the number of addresses during ETH’s ATH in early 2018. Comparing the number of addresses on Bitcoin and Ethereum Ethereum has long been in Bitcoin’s shadow, […]

Bitcoin has seen heightened volatility throughout the past several hours, as it recently broke below the key support it had at $9,000 as buyers struggle to maintain the cryptocurrency’s mid-term uptrend. BTC’s decline has led investors to grow increasingly fearful as to what could come next and has created a resurgence of trading activity on […]

Bitcoin-pegged ETH tokens remain a topic of a divide in the cryptocurrency community. While such projects have attracted institutional investments and widespread adoption, some observers aren’t pleased with their overall consensus mechanism. Trust models under scrutiny Take Wrapped Bitcoin (WBTC), launched in 2018, with BitGo serving as a Proof-of-Reserve custodian for example. WBTC is an […]

It’s a step forward and a leap backward for China’s mining industry. Days after the Chinese government allowed the use of hydro-electricity for “blockchain projects” in a region known for its high concentration of Bitcoin miners, a directive passed last week mitigates any benefits of the former. No Crypto, Yes Blockchain Regulators in Sichuan have […]

In a world ravaged by the ongoing coronavirus pandemic, regulators around the are increasingly looking into cryptocurrencies and blockchain technology. Lapses in data reporting, halt of international trade, and non-verifiability of medical supplies are some factors contributing towards gravitation towards distributed networks. Increasing Importance Japanese officials are the latest to join the crypto-narrative. Senator Otokita […]

It’s been an expensive past three weeks for Bitcoin users. The average cost to send a BTC transaction, according to data from Blockchain.com, surged from approximately $0.50 at the start of the month to a high of $6.63 on May 21 — a growth of more than 1,000 percent in just weeks’ time. This means […]

Bitcoin is currently caught within a bout of consolidation within the lower-$9,000 region. This is around where it has been trading at for the past day, with buyers and sellers reaching an impasse as its upwards momentum stalls. This consolidation has sparked a decline in the benchmark cryptocurrency’s trading volume, which has previously been rocketing […]

Just days after an Ethereum-based decentralized finance (DeFi) token surged 400 percent earlier this week because of users of the anonymous messaging board 4chan, it happened again. And this time, the altcoin saw gains of more than 400 percent. Much, much more than 400 percent. The issue is: the token that rallied has no intrinsic […]

OmiseGo – a relatively small crypto with a market cap of $261 million – has been caught within the throes of a parabolic uptrend over the past several days. This uptrend has allowed it to post some massive gains emblematic of those seen during 2017’s “altseason” – in turn drumming up significant interest amongst investors. […]