Cryptocurrency Analysis and News Portal
Ethereum Classic’s hashrate has dropped precipitously since January and continues to decline after two successful 51% attacks on the network earlier in August. In light of the vulnerability, Ethereum Classic Labs, self-described as “stewards” of the blockchain, detailed a plan to protect and revitalize the fledgling network in a blog
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Institutional demand for stablecoins may cool because yield on “carry trades” has been cut in half since Monday. The annualized rolling one-month futures basis shot as high as 28% at the start of the week on the Malta-based cryptocurrency exchange OKEx, the biggest in terms of open interest. That was the
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Which one is the centrally managed police state? Which one is the pro-innovation jurisdiction embracing open-source technologies and decentralized governance networks? OK. I’m being a tad facetious. The reality is Chinese President Xi Jinping has severely concentrated power. In general, his government, with its Hong Kong crackdown and Uighur detention camps,
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Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response. The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is
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There is an old saying in China: “Building the road is the first step to becoming rich.” Asian countries use infrastructure to boost the economy, and China is probably the most aggressive one — its annual average infrastructure spending is one of the highest at 8.3% of its gross domestic
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A major global asset manager warns the stock market is in trouble. He says the Fed’s zero rates until 2022 will fuel a risk assets bubble. The Federal Reserve is getting hyperactive in subtler ways as well. The Federal Reserve won’t stop goosing the engine with 0% interest rates. Not until the economy
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XRP, the underlying token of the Ripple’s flagship blockchain, is not a practical cryptocurrency for holding, said a top market analyst.The statements appeared in the wake of XRP’s dismissive performance in 2020 against its better-performing rivals, such as bitcoin.The analyst said the Ripple token could fall by another 50 percent
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Sony is going all-in on the PlayStation 5, making some titles exclusive to the new console from the moment it launches. This could alienate long-time PlayStation 4 players. Is this really the most consumer-friendly approach? We don’t know much about the PlayStation 5, but what we do know is
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A U.S. lawmaker wants the federal government to begin considering a national blockchain strategy.On Tuesday, U.S. House Rep. Brett Guthrie (R-Kent.) introduced a bill calling on the Federal Trade Commission (FTC) to survey the prevalence of blockchain technologies across industry, government and the globe. CryptoX obtained a draft version of
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In a recent trend survey made by DMEXCO and presented at an event in Cologne, Germany, it was determined that although the world is currently suffering economically, the digital economy may greatly benefit after the COVID-19 pandemic. According to the survey, the COVID-19 crisis will accelerate the rhythm of digital
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