Month: January 2020

Advertisment Go, the exchange powered by OmiseGo technology, has closed after months of negligible volumes and regulatory difficulties. Go Exchange Closes on Low Activity, Stricter than Expected RegulationsThe Go Exchange, attempting to use innovation based on the OmiseGo protocol, has met the challenge of low volumes, as well as a harsh regulatory climate. Despite having only officially launched a few months ago, the platform has been forced to discontinue activity due to low interest in trading.While large-scale markets remained successful Read more …

Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project.  The number of ether tokens held by all ETH mining pools is back near its all-time high of 1.69 million ETH set in October, according to crypto market data platform Santiment. The rise from November’s low of 1.64 million has happened in a stable and undisrupted manner. “The steady accumulation suggests high confidence levels in the project among the majority block creators, at the very least relative Read more …

The Ethereum  (ETH) price could explode to record highs on the backs of an optimistic accumulation behavior. Data provided by cryptocurrency market analysts at Santiment shows that miners are now holding more ETH rewards than they did three months back. At 1.69 million ETH, which roughly equals about $300 million, the cumulative balance of all Ethereum mining pools is now sitting atop a new all-time high. Miners’ ETH holdings are reaching its all-time high | Source: Santiment Maksim Balashevich, the Read more …

Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled. To make things easier, we’ve put together a comprehensive guide to bring you up to speed on the latest changes. Crypto-assets have entered the mainstream in the past few years, attracting the attention of tax authorities in leading economies. Following a boom in trading and prices, the gains made from crypto-related deals Read more …

The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also read: Cashfusion Far More Practical Than Other Coinjoin Protocols, Says Data Analyst Researcher: ‘Ethereum’s Economy Now Dominated by Stable Value Transfer’ On Wednesday, Messari analyst Read more …

Bitcoin startup Casa is charging into 2020 with a new look – by winding down its hardware product and shuffling its front office. CEO Jeremy Welch is stepping down from the role with current head of product Nick Neuman taking the helm. CTO Jameson Lopp will remain in his current position but will join the board along with Neuman. Welch’s decision to step away from his position was linked to personal matters and not the firm’s product decisions, Welch and Read more …

The security research team at Kraken has found a way to hack into the popular Trezor bitcoin hardware wallet. In merely 15 minutes with physical access to the device, the team extracted seeds from the wallet. Only works if hacker has physical access to the wallet According to Kraken Security Labs, breaking into a Trezor wallet is possible through the usage of cheap equipment. By conducting a voltage glitch-based attack, hackers can extract keys from the wallet and therefore withdraw Read more …

Advertisment SEOUL, South Korea, — With another overseas subsidiary establishment, Dove Wallet is now preparing for a full-fledged penetration into the global market in 2020. Korean crypto finance services startup Childly announced the establishment of a UK subsidiary to ensure a more smooth & secure business operation for its crypto wallet service ‘Dove Wallet.’ Followed by subsidiary set up in the US and Canada last year, the UK has been chosen as a strategic foothold for Dove Wallet’s European market. Read more …

Bitcoin price (BTC) pulled back to $9.2K levels on Jan. 31, or almost 1% lower over the past 24 hours, after exceeding $9,500 earlier today.  “It’s over 9 thousand” BTC price hits new 2020 high The move to $9,530 resulted in a new 3-month high for BTC/USD alongside rising volume, pointing to an overall bullish trend that has persisted in the first month of 2020. Bitcoin daily price chart. Source: Coin360 Meanwhile, the founder and CEO of Global Macro Investor, Read more …

The team at Coinmetrics has just released their latest findings on Tether, and its new all-time high velocity is not the only interesting thing they’ve discovered. Each USDT Token is Traded Approx 46 Times Per Year A study of USDT turnover reveals just how crazy the demand for Tether’s stablecoin is. According to Coinmetric’s tweet on January 31, they reported that every single USDT token changes hands roughly 46 times every year. The trailing 12 month velocity of @Tether_to on Read more …

Japan’s crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit. SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo. Under the scheme, newer shareholders on the company’s registry as of the starting date of March 31 can accept XRP to the value of 2,000 yen (around $18), while those who’ve been shareholders Read more …

Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He added that investors would explore bitcoin also because of its new use-cases as its technology grows in the next decade. Excerpts: “Whether it’s micropayments or similar things enabled by [the] Read more …