Month: May 2019

What Is a Crypto Market Cap? Cryptocurrency market capitalization is a metric resulted from a mathematical calculation which determines what value a cryptocurrency has on the market. Various crypto sites that track prices, such as CoinMarketCap, rank the coins in the descending order according to their market cap. Today we will be delving deep into what market cap is, how it works and how it can be applied in investment strategies. Calculating a Cryptocurrency’s Market Cap The Market cap of a Read more …

People always ask when blockchain will go mainstream. When Facebook launches its own cryptocurrency? When Telegram launches TON network? Or when old money starts buying Bitcoin? The TrustDice team believes that blockchain will go mainstream when millions of people play blockchain games every day. During the past 2 years, blockchain gaming grows fast. Nowadays there’re almost 3000 Dapps (Decentralized Apps) built on blockchain (Ethereum, EOS, TRON, etc) and 60% of them are games, according to the data from DappReview. However, Read more …

One of the world’s largest consultancy firms has released a new set of protocols for enabling private transactions atop the ethereum blockchain. The project, dubbed “Nightfall,” by Ernst & Young (EY) was released on GitHub Friday. The goal, according to the code’s description on GitHub, is to provide a means for transacting on ethereum with “complete privacy.” As it states: “Nightfall integrates a set of smart contracts and microservices, and the ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens Read more …

By CCN: Coinbase researchers have released their own investigative findings into the recent Bitcoin Cash 51% attack controversy, and their conclusions might upset many Bitcoin maximalists. When Bitcoin Cash came under attack during a scheduled hardfork in mid-May, a group of miners colluded to reverse the attacked blocks and return misappropriated funds to their rightful owners. The Bitcoin Cash camp came under heavy fire for this move by BTC supporters. But Friday’s blog post by Coinbase suggests the global cryptocurrency Read more …

While major retailers have become increasingly receptive towards Bitcoin as a payment method, research from Chainalysis Inc shows that just over 1% of transactions relate to merchants, whereas speculation makes up the dominant use for Bitcoin. However, the idea behind BTC always related to parties transacting without an intermediary, and never as an investment. With that in mind, has BTC become a parody of itself? Hodling Bitcoin Will Lead To Network Failure According to Chainalysis Inc, in the first four Read more …

The digital currency investment firm “Dadiani Syndicate” was reportedly approached by a wealthy client to buy 25% of all Bitcoins currently in circulation as soon as possible. Founded by art dealer Eleesa Dadiani, the Dadiani Syndicate is described as a “peer-to-peer network” where people can trade. Here people who want to sell are brought together with people who want to buy. “One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available,” Dadiani said. Read more …

The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. On May 29, Christian Ander, the founder of Stockholm’s Btcx exchange, explained how instead of selling surplus solar energy, he’s been using it to mine bitcoin and making 10X the money he would selling the electricity to the grid. Also read: Hackers Have Looted More Bitcoin Than Read more …

Today, May 31, the liquidators of the defunct Cryptopia exchange have made available the first report on the company’s situation. Grant Thornton, the company assigned to be the liquidator of Cryptopia, has published a document reporting the estimated financial status of the firm, revealing that the exchange owes a sum of $4.22 million to its creditors. The report states that there are 69 creditor claims that are currently unsecured, which will cost the exchange $2.439 million. The liquidators have added Read more …

By CCN: The Dow suffered a vicious plunge on Friday after President Trump exposed his shocking plan to impose punitive tariffs on Mexico, a move that stock market analysts warn would “torpedo” the key NAFTA trade agreement and thrust the economy toward a brutal recession. Dow Collapses as Shellshocked Investors Flee Equities All of Wall Street’s major indices flashed red on Friday. As of 9:34 am ET, the Dow Jones Industrial Average had plummeted 272.97 points or 1.08%, forcing the Read more …

Friday, May 31 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,300 mark, with minor gains on the day. Market visualization courtesy of Coin360 Bitcoin is nearly 5% down on the day, trading at $8,320 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 3.7%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, Michael Read more …

SBI Ripple Asia, a subsidiary of Japanese financial giant SBI Holdings, has launched a “demonstration test” of in-store payments using its Money Tap app before a planned full launch of the new service. The demo trial will see the money transfer app, which uses Ripple’s xCurrent payments product, used for live payments at affiliated merchants and kicks off at a restaurant at SBI Group’s headquarters in Roppongi, Tokyo. The effort is aimed to gauge customer experiences with the app before Read more …