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Ethereum’s price has surged in the past week, allowing the cryptocurrency to close its gap with its close rival, XRP. Going into 2019, it’s possible that Ethereum will regain its dominant position as number two by market capitalization. Vying for Second Position XRP was number two by market capitalization for most of 2015. Then, the […]

India’s government has continued its “undecided” stance on regulation around the cryptocurrency ecosystem. No timeline was promised by Pon Radhakrishnan, the Minister of State Finance, for enacting legislation, even in the December 28, 2018 meeting. December Passed: Still In a Limbo The Indian Government and the domestic cryptocurrency exchanges had always been at odds with […]

BTC has hit a 10-month high in transaction volume. Meanwhile, tx fees are at a multi-year low. These figures indicate that factors such as scaling improvements to the Bitcoin protocol, and the relatively modest price of bitcoin, have made transactions in the cryptocurrency extremely affordable. Growing Transactions Volume At 300,000 transactions per day, Bitcoin is […]

Roger Ver offered $1.25 million to OpenNode, a lightning network software company, to build on top of Bitcoin Cash. OpenNode declined, stating “our vision of a better, more open financial system is only possible with Bitcoin.” In a video lambasting the scaling limitations of Bitcoin and the Lightning Network, Roger Ver pointed out that off-chain […]

The Federal Reserve Board governor is still not fond of the idea of central bank digital currencies, despite the fact that the reserve is equipped to issue one. The Fed Says No to CBDCs It’s been a year since bitcoin’s price exploded and launched cryptocurrencies into the mainstream, which pushed many to believe that the […]

Kraken has come under flak from the ‘XRP Army’ after disputing the vernacular around Ripple and XRP. Is Kraken’s persona fueled by Jesse Powell’s former bad blood with Ripple? Kraken is one of the largest US-based cryptocurrency exchanges, having facilitated $3.7 billion over the last 30-days. The company has come under flak after provoking the […]

Venezuelans have taken to Bitcoin for liberation as the country struggles with runaway inflation. The transition serves as a testament to BTC’s core value. Venezuela is in economic ruin. Corruption, a collapsing oil industry, and ill-conceived socialist policies have plunged the country into hyperinflation. President Nicolás Maduro, appointed successor to Hugo Chávez, who died in […]

Mizuho Bank, Japan’s second largest financial institution, is readying the infrastructure for a stablecoin launch in March 2019, as reported by Asia Nikkei Review. The coin is aimed at increasing low-cost cross-border transfers and remittances. Moving towards Crypto-Finance Mizuho plans to promote cashless payments in Japan by deploying its offering across retail stores for feeless-transactions, […]

BlockTower Capital, a hedge fund that manages more than $130 million in client assets, made a $1 million bet last year that Bitcoin’s price would go above $50,000 by the end of 2018. The Hedge Fund is expected to lose over $1 million in options by the end of the week. A Bitcoin Bet Gone […]

GMO Internet, a major Japanese-based technology company, has shuttered its division responsible for designing and manufacturing mining chips. Mounting losses from a weak cryptocurrency market resulted in the sudden decision. In a statement released on Dec. 25, GMO explained to investors that the “increasingly competitive” mining business has resulted in the company cutting its losses. […]