Month: January 2020

Ripple’s controversial native token XRP closed 2019 at a substantial loss, but according to a prominent analyst, the cryptocurrency is ready to break the bearish jinx in 2020. Crypto Michaël, a popular cryptocurrency analyst on Twitter, spoke about this on Wednesday, saying that the XRP-to-dollar exchange could undergo a massive trend reversal this year. The top crypto trader predicted a 175 percent rebound for the pair after taking cues from its historical trading data, as shown in the chart below. A Read more …

The US central bank’s effort to expand its balance sheet through a pseudo-quantitative easing program could prompt bitcoin to pursue its next bull run. Since October, the Federal Reserve has been buying $60 billion worth of T-bills every month. Moreover, the organization is purchasing another $20 billion in MBS and TSY maturity investments, alongside tens of billions in overnight repos. That has led the Fed’s balance sheet to explode by over $400 billion in about four months. But that is Read more …

Advertisment In the first month of 2020, it has been announced that several cryptocurrency events will take place in various regions of the world. The Digital Money Forum Event date: 07 – 10 January 2020 Event location: Las Vegas, USA The Digital Money Forum is a three-day conference and reception which will welcome up to 1000 delegates to discuss how various forms of digital money, including cryptos, will shape the financial space. This conference will be presenting some of the Read more …

Five years ago, the crypto community became aware of an alleged contract called the Tulip Trust. The supposed contract emerged when a few tech-based news outlets published stories on two former business partners Craig Wright and David Kleiman. According to the Tulip Trust contract story, Wright and Kleiman were ostensibly part of the group that invented Bitcoin. The trust claims that on January 1, 2020, approximately 1,100,111 BTC will be returned to Wright and now skeptics are patiently waiting for Read more …

A fall in an important Bitcoin-related metric with ties to overall crypto market sentiment over the past couple of weeks, suggests that recent price action across the crypto market has traders and investors increasingly fearing that the bottom isn’t in for Bitcoin, and may be adjusting their expectations and preparing positions in anticipation of the market falling further into the downtrend. Are Crypto Traders Reconsidering That The Bottom Is “In?” Crypto traders and analysts will use any information or statistics Read more …

On today’s holiday episode of Markets Daily, we celebrate the new year with a classic song from the early days of bitcoin, written and performed by my good friend John Barrett. “Ode to Satoshi” may be purchased from CD-Baby or streamed on YouTube. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which Read more …

In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the future. The euphoria of the Chinese market following the presidential declaration induced Mark Zuckerberg — who had been encountering considerable resistance from Western authorities since the beginning of the Libra project — to raise Read more …

Following Bitcoin’s meteoric rise into the public eye back in 2017, nearly every economist, analyst, and even regular Joe had a prediction for what the first-ever cryptocurrency would eventually be valued at. However, few predictions are as famous as that of cybersecurity expert John McAfee, who put a particularly valuable wager at risk if his prediction didn’t come true – a prediction that Bitcoin would reach $1 million per BTC by the end of 2020. With just 365 days left Read more …

China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC). As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding following their unveiling in October last year. Crypto security paves way for CBDC As Cointelegraph reported, the Standing Committee of the 13th National People’s Congress in China passed the crypto law on Oct. 26. It divides passwords at Read more …

The year 2019 has been good to the cryptocurrency gambling industry, thanks to an increasing number of savvy internet users choosing the crypto-based online gaming platforms over conventional fiat-based gaming counterparts. The shift in trend is further fueled by the rising awareness about cryptocurrencies and their advantages, combined with access to faster internet connectivity and smartphone penetration across the globe. In addition to the obvious reasons, a recent report indicates a changing trend among the online gambling platforms when it Read more …

Ripple, the blockchain payment network notionally tied to altcoin XRP, has begun 2020 by releasing funds from its escrow worth $192 million.  Data scanned from the XRP blockchain by monitoring resource Whale Alert caught the latest consignment of XRP tokens, which forms one installment of a pre-planned release schedule Ripple began in 2017.  Ripple continues 55-month escrow schedule In a blog post at the time, officials explained that they would lock up 55 billion XRP, releasing funds each month over Read more …

While bitcoin price may be going through a period of consolidation at the moment (and frankly, after the year that was 2019, who isn’t?), the network fundamentals are as strong as ever. In fact, the hash rate is currently almost seven times as large as it was during BTC’s all-time high price, back in December 2019. We’ve Come A Long Way Baby As pointed out in a tweet by the trader known only as Rhythm, and bringing the year to Read more …