Month: March 2020

The overall transactions on Bitcoin and cryptocurrency networks reached 3.1 billion from the launch of BTC in 2009 to boom times of the past couple of years. In 2019, Bitcoin and Leading Crypto Networks Boosted their Transaction Count All cryptocurrencies marked exponential growth in adoption, reaching a total of 3.1 billion transactions. The total value transferred through those transactions varies, but the high activity hints at more viable use cases and overall adoption. A Reddit thread compares some of the Read more …

It has been a turbulent past couple of weeks for the crypto markets, with Bitcoin and many other altcoins rallying to fresh 2020 highs just a few weeks ago before meeting insurmountable resistance that has sparked an intense downtrend. Now, one analyst is noting that the aggregated crypto market could be nearing a “make or break” level that sets the tone for where the markets will trend in the months ahead. If the markets are rejected at a key level Read more …

In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin ‘Profound Economic Consequences’ Bank of England Deputy Governor Sir Jon Cunliffe warned on Friday that bank lending could dry up in Read more …

Advertisment It’s been hard to avoid the coronavirus this week, at least in the news, as the US confirmed its first death this morning. If it turns into an all-out pandemic, you’ll be glad that you sealed yourself away and stocked up on bitcoin… you did do that, right? Bitcoin PriceWhat can be said? Not a great week for bitcoin price at the risk of stating the obvious. So how did it play out?After gains last weekend, Monday trading saw Read more …

Researchers at the Bank for International Settlements (BIS) are grappling with the future of payments – so much so that their newest quarterly report, released Sunday, is entirely dedicated to what that potential revolution holds. In its 138-page look at what lies beyond the financial horizon, the Swiss-based institution reckoned with coming trends that may well shape tomorrow’s payments infrastructure: tokenized securities, central bank digital currencies, cross-border payments and peer-to-peer innovations.   BIS Head of Research Hyun Song Shin said “the Read more …

Amid ongoing lawsuits surrounding controversial stablecoin Tether (USDT), the company’s CTO plans to detail the asset’s background at an upcoming conference.  Bitfinex and Tether CTO Paolo Ardoino is slated to recount “the story of Tether’s inception and success” in a keynote speech at the CryptoCompare Digital Asset Summit in London on March 10, a statement from CryptoCompare said on Feb. 28. The firm’s CTO appears confident Although Tether still sits entangled in a complicated legal battle, the firm’s CTO thinks Read more …

Digital currency markets have been consolidating since the initial price drop on February 26 that saw $25 billion shaved off the entire cryptocurrency market. At the time of publication, the cryptoconomy is hovering just above the $245 billion zone and a few coins today are making slight gains. Also read: MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis As Crypto Markets Consolidate, Traders Await the Next Move On Sunday, March 1, 2020, most Read more …

The last week of February saw a blood bath across various asset classes on fears that the coronavirus outbreak is turning into a pandemic. This led investors to dump their positions in the equity markets, which wiped off about $3.8 trillion of value in U.S. stocks. Gold, which has acted as a traditional safe haven was not spared. The yellow metal plunged about 4.6% on Feb. 28, which took the weekly loss to about 5% for the week.   This shows Read more …

On Feb. 27 Noisebridge advocate and attendee John Backus woke up to see that approximately 17.513 Bitcoin (BTC) – equivalent to about $156,000 at the time –  had been deposited into Noisebridge’s cryptocurrency wallet.  The unexpected deposit came from U.S. based cryptocurrency exchange Kraken. The exchange sent the Bitcoin as a donation in response to a tweet that Backus had put out the day before asking for funds to help keep Noisebridge running.  Source Twitter In an interview with Cointelegraph Read more …

Bitcoin faced an intriguing precedent when it was accepted by a New South Wales court as collateral. Bitcoin Accepted as Collateral in Court Case BTC can be used to serve a security function, pronounced Judge Judith Gibson of the New South Wales District Court. The Judge accepted that collateral can be paid in BTC, with monthly reports to warn about volatility. The Judge accepted the proposal for a $20,000 collateral to be securitized with BTC. Despite the defense’s arguments that Read more …

Advertisment A new television series by MTV features arguably the channel’s first crypto personality. Rachel Siegel, a bitcoin advocate and proponent of mass adoption who’s behind the Youtube channel Crypto Finally, was invited to enrich the story of a $5 million SIM swapping scam with her expertise. The episode was aired recently, attracting much attention from the crypto community, and not only for what it showed, but also what was cut out. Also read: Cryptocurrency Explained on the Latest Episode Read more …

The best Sundays are for long reads and deep conversations. Earlier this week the Let’s Talk Bitcoin! Show gathered to discuss Coronavirus and its potential impacts or disruptions to the decentralized world of bitcoin. Later, we hear from correspondent George Ettinger about the indications of a “Dumb Currency Singularity” taking place at the IRS right now (also presented in full text below). Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Read more …