The last few weeks were quite stagnant for Bitcoin in terms of price movement, considering the cryptocurrency is famed for its price action. However, while BTC price is looking pretty unexciting in recent times, Bitcoin is fundamentally strong as the network activities continue to record new highs.Positive On-Chain Market ActivitiesAccording to insight first shared by Glassnode CTO Rafael Schultze-Kraft, on-chain market metrics including transaction counts, new addresses, active addresses,...
Read More »Almost 70% Don’t Ever See Gold Price Flipping Bitcoin Price
A recent poll by the popular gold proponent Peter Schiff indicated that most of his followers believe that the price of the bullion will never surpass Bitcoin’s.One BTC > Ounce Of GoldPeter Schiff is a prominent US economist and a famous gold-bug. However, he is also a well-known Bitcoin basher and rarely misses an opportunity to lash out against the primary cryptocurrency.He recently published a rather compelling poll on his personal Twitter account, asking, “how long do you think it will...
Read More »Bitcoin Fails at $9,300 as DeFi Altcoins Surge: Thursday’s Price Watch
Bitcoin attempted to conquer the $9,300 but to no fruition. The price pulled back and failed to breach the level. Meanwhile, the DeFi market continues to boom, with numerous projects marking double-digit daily increases.Bitcoin Price Fails at $9,300Bitcoin didn’t manage to claim $9,300 yesterday and has since retraced to its current trading level at around $9,200.As CryptoPotato reported, this is a vital level to watch in the short-term and should provide a good indication of how confident...
Read More »Crypto Firm TenX Shifts Management Following Wirecard Fiasco
The e-money payment platform has announced some core changes in its managing board. The leadership shift came up with a new CEO and Chief Financial Officer (CFO).Change of PlacesThough not so much of a significant change in the manner of adding new people to its company’s leading positions, TenX has made an important turn in its managing team. In a recent post on their official website and twitter account as well, it was announced that their new Chief Executive Officer (CEO) will be Claude...
Read More »Ethereum Creator Vitalik Buterin Offers Scaling Solution for Sky-Rocketing ETH Transaction Fees
Median transaction fees on Ethereum just hit their highest point in almost two years, as the network struggles under heavy congestion.Meanwhile, Ethereum creator Vitalik Buterin confirmed on June 30 that the network would have to make do with current off-chain scaling solutions for the next two years. That’s until the planned scaling capabilities of Ethereum 2.0 are finally brought to fruition.Ethereum Median Transaction Fees SpikeIn the 48 hours leading up to June 30, the median transaction...
Read More »Washington DC Lawyers Can Accept Cryptocurrency Payments, The District Of Columbia’s Bar Says
Lawyers operating in the US capital Washington DC can accept cryptocurrencies as a legal payment method, said the District of Columbia Bar Association (DCB).Consequently, DC has become the fourth US jurisdiction to allow digital assets to be used for attorney payments.Washington DC Lawyers To Accept CryptoAccording to the ethics opinion published by the (DCB), attorneys in the US capital can start accepting cryptocurrencies, “as long as the fee agreement is fair and reasonable and the lawyers...
Read More »Tezos Partners With Bolt Labs to Integrate Layer Two Privacy Protocol For Bitcoin
Bolt Labs announced today that it plans to integrate its off-chain Bitcoin private payments protocol called zkChannels to the Tezos blockchain. The company is working with teams at Nomadic Labs and Metastate to complete the integration via an amendment proposal to be done by 2021.zkChannels To Build On TezosOriginally called BOLT, zkChannels v1 protocol saw the light of day earlier this year when Bolt Labs announced that it “enables private payments via zero-knowledge proof of knowledge...
Read More »Japanese Giant SBI To Acquire A $30M Stake In Crypto Liquidity Provider B2C2
A strategic partnership between the two companies is to begin soon. The internet-based conglomerate SBI Financial Services (a subsidiary of SBI Holdings, “SBI”) has made an agreement with B2C2 to acquire a $30 million minority stake at the firm as a first leap into future cooperation.First Steps In A Strategic Partnership According to a recent report, the two companies are to collaborate on providing cryptocurrency assets and services to millions of clients across the globe. They also intend...
Read More »John McAfee’s GHOST Cryptocurrency Integrated In Hong Kong Disneyland
Merely weeks after the launch of John McAfee’s privacy token GHOST, the coin is already seeing real-life utilization in Hong Kong Disneyland.The team behind the project also announced several upcoming features, including a “decentralized crowdfunding” platform and the release of the GHOST Cell Phone Service beta.GHOST Usage In Hong KongThe former antivirus software tycoon and popular cryptocurrency proponent John McAfee announced its newest digital asset endeavor in April. Called GHOST, it’s...
Read More »Bitcoin Price Closes Its Third Best Q2 in History with 42% Gains
Following an increase of 42% during Q2 2020, Bitcoin’s closing price of $9,140 was the third-highest position the asset has seen at the end of a quarter, trailing only to Q2 2019 and Q4 2017. On a yearly scale, BTC is also outperforming the S&P 500, WTI, gold, and the US dollar.Bitcoin Goes Up In Q2 2020The end of June marked the closing of the second quarter of 2020. As such, the popular cryptocurrency monitoring company Skew explored various aspects of Bitcoin’s performance during that...
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