Crypto EcoBlog
Vitalik Buterin applauded the successful launch of various Layer 2 solutions on Ethereum, saying that “the initial deployment of Ethereum’s layer two scaling strategy has *basically* succeeded.” In a recent thread, he sheds light on some of the most recent developments and challenges ahead.While everyone wasn’t looking, the initial deployment of ethereum’s layer 2 scaling strategy has *basically* succeeded. What’s left is refinement and deployment. A thread: https://t.co/30Dfr9XmFs—...
Read More »Chinese Bitcoin Mining Base Reportedly Caught Stealing Electricity, But There’s a Catch
Recent Chinese reports informed of hidden Bitcoin mining rigs stealing electricity in the northern city of Daqing. Interestingly, the perpetrators were concealing their operation under two mysterious grave mounds in a relatively empty field.BTC Mining Operations In HidingAccording to the recent report, a Chinese oil field company sent a tip to local police asking them to investigate suspicious power losses near Daqing. Upon arriving at the scene, the police officers spotted something somewhat...
Read More »NEO Price Up 10% Following A New Partnership On A Medical Data Registry Platform
Chinese Blockchain giant Neo will collaborate with the Korean-based project FLETA on the launch of a clinical trial data registry platform based on blockchain technology.Blockchain Technology in the Medical FieldThe clinical trial data registry is up to the test to make things easier and more secure, addressing eventual data manipulation in the medical industry, using FLETA and Neo teams’ expertise.As reported, the two companies will be assisted by a variety of experts from Seoul’s Kyung Hee...
Read More »Bitcoin Plunges To $8,600 On BitMEX Hours After Touching $10,500
The celebration of Bitcoin bulls for bringing the price above $10,000 was nothing but shortlived as the leading cryptocurrency collapsed to $8,500 in less than five minutes.Bitcoin Nosedives to $8,600 on BitMEXThose who have been involved in the cryptocurrency field long enough probably know that there’s rarely a dull day with Bitcoin.In today’s early hours, the leading cryptocurrency broke the coveted $10,000 level to reach as high as $10,500, shattering essential resistance levels on the...
Read More »In The Footsteps Of Binance, OKCoin Expands Presence In China
OK Group, a leading blockchain company and operator of OKCoin cryptocurrency exchange, has announced the launch of a new blockchain development scheme to help develop blockchain talents in China.OK Group Launches OK RecruitAccording to the press release, the initiative dubbed “OK Recruit” is a blockchain recruitment and training scheme designed to help create hundreds of job opportunities in different areas of the blockchain industry, particularly in research, development, and...
Read More »Analysis: Tether (USDT) Transfers to Exchanges Reached New ATH As Bitcoin Surged Above $10,000
Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market.USDT Goes To ExchangesAccording to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in the past few weeks. The deposits, measured by a 7-day simple moving average (SMA), recently reached a fresh ATH.Number...
Read More »Most Wanted: US Authorities Place $5M Bounty On The Man Behind Venezuela’s Petro Cryptocurrency
The United States government has recently added a top Venezuelan official to its list of most-wanted fugitives while offering millions of dollars as rewards to anyone who can provide useful information that would lead to his arrest. A Monday statement revealed that the U.S. Immigration and Customs Enforcement’s (ICE), a unit of the Homeland Security Investigations (HSI) New York is looking for Joselit Ramírez, the head of Venezuela’s national cryptocurrency Petro. A $5 Million RewardRamírez,...
Read More »Total Market Cap Breaks Critical Resistance Level: Altcoin Season 2020 Incoming?
Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight.Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern it did back in 2017, months before altcoins shot off through the roof.Altcoin Season 2020 Incoming?Bitcoin is up 6% in the past 24 hours as it trades at around $10,100...
Read More »Bitcoin Price Breaks $10,000 First Time Since February: Updated Analysis and Next Targets
The new month of June brings new vibes to the primary cryptocurrency. After five failed attempts to break the $10,000 resistance level and its descending trend-line during the month of May, it finally happened on the first day of June.Bitcoin price just broke the huge resistance and spiked to reach a high of $10,500 on most exchanges. As of writing these lines, Bitcoin retraced a bit and now trading safely above the $10K benchmark level.The $10,000 was reached on May 7, 2020, just a few days...
Read More »Bitcoin Is a Peaceful Protest: Crypto Leaders On The Minneapolis Riots Following George Floyd’s Death
The death of George Floyd at the hands of Minneapolis police ignited a series of widespread riots throughout the United States. With more than 25 cities in lockdown, protesters and the police continue their violent clash.People are protesting against supposed police brutality in a manner that’s everything but civil. Stores are being looted, and buildings burned as the protest against the system escalates. Amid all this, Changpeng Zhao, the CEO of Binance, pointed out one simple yet undeniable...
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