Cryptocurrency Analysis and News Portal
On-chain data indicates crypto investors aren’t taking profits but are holding on despite uncertain economic conditions and bitcoin’s strong performance. At the time of publication, 60.63% of all bitcoins have not moved in at least a year, according to data from Glassnode. This data suggests bitcoin ownership is consolidating, and investors
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From a technical perspective, Ethereum’s price action has been relatively lackluster in recent times, with buyers struggling to garner any sustainable uptrend as the crypto closely tracks Bitcoin’s price action.One data metric does indicate that investors have been heavily accumulating throughout the course of the cryptocurrency’s recent downturn.This accumulation has
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[sociallocker id="55298"] The battle of Bitcoin (BTC) versus fiat money is witnessing not a flippening but a “flattening” as coronavirus upends economic policy.A chart of the United States’ M2 money supply compared to the largest cryptocurrency shows that while one is leveling out its supply, the other is going “parabolic.”BTC
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[sociallocker id="55298"] The Bitgrin (XBG) network appears to have minted billions of tokens, despite a declared max supply limit of 21 million XBG.On June 4, leading cryptocurrency information website CoinMarketCap warned its followers about the anomaly on Twitter. The announcement reads:“Alert Issued: We have received reports that billions of XBG
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World’s top ecommerce firm, Amazon, filed a patent for a blockchain system that tracks goods as they move on the supply chain.Amazon’s patent — dated May 26 — describes a “distributed ledger certification” system. The document explains that the tracking solution would ensure that consumer goods that are sold on
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Ontology recently partnered with German digital identity and cloud wallet provider, Spherity, to collaborate on expediting development on digital identity solutions for products and enterprises.The partnership will see Spherity’s Cloud-Edge wallet integrate with Ontology’s (ONT) blockchain, and allow Ontology to use Spheriy’s Decentralized Digital Identity solutions.The two firms will work
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The value of stablecoins assets surpassed the $10 billion barrier gaining at least 70% in the last two months as investors prefer dollar-backed assets over Bitcoin.Stablecoins keep attracting more and more investors. On May 12, the value of stablecoins assets broke the $10 billion barrier. The value has gained by
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The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin.Most of the stablecoin growth
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Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic.Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call
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After the powerful rally unfolding across the crypto market over the last several weeks, Bitcoin price failed to breach cleanly above $10,000 and hold. The move pushed the first-ever cryptocurrency into a supply zone dating back to the start of the bear market where it was rejected.The failure will likely
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