Tag Archives: Cryptocurrency News

CoinMarketCap’s new metric shows low levels of liquidity in the crypto market. A renowned analyst explains that less than 1% of all cryptos are liquid. Prominent figures in the industry agree that 99% of all cryptos will not prevail. CoinMarketCap, the leading cryptocurrency data tracking services platform, recently rolled out a new metric, dubbed Liquidity. Its primary purpose is to provide the “real trading activity” of most of the cryptocurrencies and crypto exchanges in the industry. An...

Photo: QuoteInspectorDmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.To confirm the development of the uptrend, the bulls must secure above $9800. Meanwhile, the current levels look like good support, from where the quotations are expected to bounce upwards. The EOS and TRX are ready to resume their growth quite soon. What is more, on D1 of...

Eterbase — the leading EU-compliant cryptocurrency exchange — recently reported achieving the milestone of over $1 million in trading volume per day after transitioning the base trading pair on its exchange from its native XBASE exchange token to its anti-inflationary stablecoin, EURBASE. The shift has accompanied a 10X increase in trading volume on the exchange over the last 8 weeks. “All current assets of the exchange will be listed under EBASE markets,” detailed the Eterbase Medium blog...

Bitcoin comes first, ahead of blockchain, for speculators who look towards the year 2020 cryptocurrency situation. Its apparent several platforms have received support funds to create enterprise blockchains which mostly have launched out in 2019. However, the interest of speculators for such projects has waned out as they look towards fresh ideas on tokenization and cryptocurrency. This is a result of the shift in focus to the development of native cryptocurrency given rise to advancement in...

Zimbabwe rolls out new currency but limits weekly withdrawals. Hyperinflation makes it difficult for Zimbabweans to trust their government. Bitcoin appears to be the perfect solution as it eliminates the need to trust an authority like the government. In an effort to quell the effects of hyperinflation, Zimbabwe introduced the new generation Zimbabwe dollars. The Zimbabwean government, which plans to distribute one billion Zimbabwean dollars over the next six months, released the new...

On Nov. 8, bitcoin’s mining difficulty fell for the first time in 2019, but what does this mean for the industry going forward? On Monday, bitcoin’s mining difficulty adjusted itself down by 7%, making it easier for miners to solve algorithms, and thus mine blocks. As to why this occurred, it appears to be in conjunction with bitcoin’s recent price drop. Mining difficulty is set to reconfigure itself every 2016 blocks, or roughly every two weeks. Difficulty modulates based on how long it...

Photo: ShutterstockOn November 12, 2019, Paxos debuted its Fiat Gateway and have announced that Binance will be its first client in this regard. Its Fiat Gateway means that customers can swap out U.S. dollars for stablecoins on a one-to-one basis and this is one of the first of its kind within the cryptocurrency industry.While this unique service is seeing more widespread attention since its association with Binance, it has actually been available to Paxos users since May 2019 and according...

ICE Clear Singapore will be offering a new type of Bitcoin futures. Those are cash-settled ones, thus will also be available via ICE Futures. Venture funds from across Earth show their intent to work together with ICE‘s Bakkt too. Bakkt COO Adam White says that the new product is under discussion with the Monetary Authority of Singapore (MАS).When Bakkt first appeared on the horizon in 2018, it took almost a year to build their first product: physically-settled monthly Bitcoin futures. Their...

Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier this week with ransomware are demanding hundreds of Bitcoin in order to provide the decryption software. According to Bleeping Computer, the ransomware used to target the...

With many issues that have made premier cryptocurrency exchange Bitfinex controversial, it seems that the exchange is set to get its groove back in 2020 as per revelations by its CTO Paulo Ardoino in a podcast with the BlockCryto. In the podcast, Paulo discussed a wide range of issues ranging from the allegations of market manipulations to upcoming products that Bitfinex plans to offer including options and a gold-backed stablecoin.While much has been said about Bitfinex’s growing Twitter...