Australian Startup Offers New Spin on Tokenized Gold Trading

Australian startup Meld Gold will launch a blockchain-based platform for tokenized gold trading in the third quarter of 2020. Meld Gold said the platform will offer a digital method to buy and sell physical gold that is more efficient and transparent than traditional gold markets. Unlike other gold-backed tokens, the issuer doesn’t have a stash of gold in its own custody — rather each token represents one gram of gold held across different companies in the network, including the Melbourne Read more …

Simple Factors Show Bitcoin’s Hash Rate Will Continue Dropping; Here’s Why This is Bullish

Bitcoin’s recent volatility did some severe technical damage to its market structure, and also led to mass capitulation amongst BTC miners, with the crypto’s decline from $10,500 to lows of $3,800 making it no longer profitable for many smaller mining operations. Miner’s ongoing capitulation is illustrated while looking towards Bitcoin’s hash rate, which has seen a significant decline over the past three weeks. The decline may be far from over, as a few simple factors seem to suggest that more Read more …

Virtual Blockchain Week Is A Virus-Proof Crypto Conference

It’s just the kind of event that these sequestered, hunkered-down times call for. With COVID-19 still wreaking havoc on any plans to get more than ten people in a room together, Virtual Blockchain Week is a weeklong conference taking place completely online, and it just so happens that Cointelegraph is the primary media partner for the event. Virtual Blockchain Week attendees simply tune into the appropriate webcast to participate. The agenda kicks off the evening of April 26 and features Read more …

In a Few Hours, a Crucial Bitcoin Candle Will Close: What To Watch For

In just over 120 minutes as of the time of this article’s publishing, Bitcoin’s one-month and three-month candles will close. A number of analysts have remarked that the upcoming close will be crucial for the crypto market’s directionality moving forward. Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be Shortlived Levels to Watch For According to analyst Crypto Birb, Bitcoin closing above $6,425 when the monthly candle closes in the very near future would be one of Read more …

Binance Futures Hosts Trading Competition With Prize Pool Worth $1M

Cryptocurrency exchange Binance announced on March 25 that it will be hosting a trading tournament where participants could compete in teams and win a prize pool of up to $1 million in BNB tokens. According to the announcement, the tournament will take place between April 10 and April 25, and will take place in two ways: daily ROI and overall USDT team profit tournaments. Binance explains that all teams that trade in perpetual contracts on Binance Futures during the competition period will Read more …

Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis

Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities.  On a 24-hour basis, bitcoin (BTC) was in the green less than a percent Tuesday afternoon Eastern time and ether (ETH) was up slightly as well. The performance of other cryptocurrencies was mixed.  Notable assets on CoinDesk’s big board include decred (DCR) up 3 percent, XRP (XRP) in the green 2 percent and cardano Read more …

April Fools Sees Toilet Paper Token in Short Supply on CoinMarketCap

It’s April Fool’s day somewhere, or at least in CoinMarketCap’s neck of the woods, as the cryptocurrency data site saw massive volumes for new “Toilet Paper Token.” A website known for listing cryptocurrencies in order of market cap value, CoinMarketCap, listed Toilet Paper Token (TPT) as number “0” atop its list on March 31, showing a circulating supply of “out of stock.”    Although it’s still March 31 in some parts of the world, the annual day of pranks has already Read more …

Bitcoin All-Time High in 2020? Chances Are Only 4%, Options Market Signals

While many analysts are predicting a bitcoin (BTC) bull run, the options market sees a very low probability of the cryptocurrency hitting a new record high by December. The cryptocurrency is currently trading around $6,450 – down over 200 percent from the record high of $20,000 set in December 2017.  The options market shows just a 4 percent chance of bitcoin crossing above $20,000 before year’s end, according to data provided by the crypto derivatives analytics firm Skew.  In fact, Read more …

Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking

Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking. According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows that 30% of personal users and 13% of professional users wouldn’t know if their data or computer’s resources were modified unexpectedly, as such threat does. The report also stresses that Read more …

ConsenSys-Associated Agritech Project Covantis Officially Established

Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations. Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval. First tests are expected to be carried out in May 2020 According to a March 31 announcement, the company is the joint initiative of six founding members: Archer Daniels Midland (ADM), Read more …

Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

Advertisment As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin] mining death spirals do not actually happen in real life” and the speculation is a “highly theoretical edge case.” Also read: ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu You want the latest news about Crypto? Then follow us Read more …

Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin] mining death spirals do not actually happen in real life” and the speculation is a “highly theoretical edge case.” Also read: ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu Bitcoin Halving, Death Spirals, and Miner Capitulation After approximately 210,000 blocks Read more …