Bitcoin Likely to Reach All-Time High This Year: Bloomberg
Bitcoin will reach its all-time peak by the end of 2020: Bloomberg report. A report by Bloomberg on its outlook of the crypto market, explains how this year the largest cryptocurrency by market cap may reach its all-time peak of USD 20,000. Mike McGlone, a Bloomberg technical strategist points out the fluctuations in Bitcoin’s price […]
US Crypto Exchanges Are Booming Despite Economic Fallout
Several crypto exchanges are seeing a massive growth in retail and institutional investors, particularly in the US. The crypto industry is persistently moving forward despite the current situation. Several exchanges have been seeing a relentless growth in retail investors. US-based Square’s Cash App reported its record-breaking financial quarter at the beginning of the year. A […]
Ripple Discusses ‘Institutional Matters’ With Central Bank of Brazil
Ripple holds close-door meeting with Central Bank of Brazil to discuss “institutional matters” Ripple, the firm affiliated with the XRP cryptocurrency, had a closed-door conference with the central bank of Brazil via video conference on 30 May. The details about the discussion were not disclosed to the media. However, the website cites “institutional matters” as the purpose of the meeting. Roberto Campos Neto, the CEO of the central bank had […]
Major Corporations Form Alliance to Standardize Token-Based System
Major companies such as Microsoft, Accenture, IBM have formed an alliance to set common standards for token ecosystems. Companies such as Microsoft, Accenture, IBM, Chainlink, Hyperledger, Nasdaq, among others, launched the InterWork Alliance (IWA) on 2 June 2020. IWA is a non-profit organization committed to developing standardized token-based ecosystem. The main objective behind the idea […]
Glassnode: Over 60% of Bitcoin Hodlings Have Not Moved in the Past Year
Blockchain data provider and intelligence firm Glassnode released a report which shows that more than half of Bitcoin supply has remained unmoved since the past year. On-chain data analysis firm, Glassnode showed that over 60% of the Bitcoin supply remained unmoved over the course of the past year. Glassnode tweeted that the figures indicate an […]
Crypto Popularity Spreads 4 Times Faster in Developing Countries Than in Developed Ones
The rate of spread of popularity of cryptocurrencies in developing countries is four times faster than that in developed countries Researchers from Project Onfo who conducted an experiment to gain insight into the spread of digital currencies in various countries fround that crypto popularity spread much faster in developing countries — four times as fast […]
Power Ledger Extends Blockchain-Based Energy Trading to Thailand
Power Ledger, in a joint partnership with a Thai energy firm, aims to extend blockchain-based digital energy trading in Thailand. Power Ledger, a blockchain-based energy trading platform headquartered in Australia announced a partnership with Thai Digital Energy Development Co. (TDED) to enable peer-to-peer energy trading and to provide environmental commodity trading in Thailand in collaboration […]
Bitcoin Continues to Outperform Altcoins in Terms of Aggregate Active Addresses
Data collected by Glassnode shows that Bitcoin has 3 times more active addresses than Ethereum and 140 times more than XRP. Bitcoin continues to remain the dominant cryptocurrency in the market in terms of popularity and value. The data gathered by on-chain data analysis platform, Glassnode indicates that Bitcoin outperformed all the altcoins in terms […]
Analytics Platform Messari Modifies Process of Evaluating Crypto Exchanges
Messari has changed the way of rating exchanges based on the ‘real’ trading volume. This step has added several big players to the list of top exchanges. Crypto data analysis and research platform, Messari has modified the way of evaluating and ranking crypto exchanges. Messari introduced ten new exchanges based on ‘real’ crypto trading volumes. […]
China Directs Attention to Digital Currencies With Publication of New Book
A new book published for the officials of the Chinese Communist Party and the general public throws light on emerging technologies and digital currencies including the digital Yuan. While the much awaited digital yuan is to be rolled out soon, the Central Party School of the Central Committee of the Communist Party of China, also known […]
