Opinion

The price action of all cryptocurrencies within the previous few days has been dull but that of XRP has been particularly poor. Bitcoin moved from the highs established at $10.1k last week to $8,709 at press time while XRP has declined by 18 percent within the same time frame. XRP’s poor performance brings fear of deeper correction in the weeks ahead as a trader suggests the possibility of retesting the price area close to the lows established during the market…

Should investors buy BTC now that the bitcoin halving has concluded? We look at various arguments from top crypto analysts to gauge what actions you should take now. The just-concluded BTC halving has come at a time when institutional markets and individuals are investing in bitcoin more than ever before On May 12, 2020, bitcoin underwent the much-awaited 3rd halving event, which led to the number of new coins awarded to the computer wizards who "mine" the cryptocurrency being cut in…

Experts predict bullish during the third bitcoin halving as retail investors are expected to increase. Bitcoin prices have been pushing above $9000 in the week before bitcoin halving. Serious economic downturn due to the virus is expected to work positively for Bitcoin during the halving. Crypto experts predict a rise in bitcoin price as the Bitcoin mining reward halving unfolds. Experts predict Bitcoin halving's bullish impact and a rise in many crypto investors in the market. They are basing their…

The countdown to the much anticipated May Bitcoin halving event is finally over, and all key players expect this event to go down in their favor. Bitcoin miners are perhaps the most affected by this third halving. They had to invest more in equipment, will have to work more complex mathematics, and above all, earn 50% of what they received four years ago. The other groups anticipating this event are seasonal investors for the hype and seasoned bitcoin investors, some…

A research paper was published on the website of Cornell University claiming that just 2 percent of all XRP transactions resulted in value transfers. The researchers noted that the majority of transactions on the XRP Ledger had zero value (that is, empty), which is a cryptocurrency version of spam. A software engineer and PhD student at Imperial College London was in charge of the published research which revealed the predominant spam on EOS and Tezos network traffic. Ripple responded to the research paper but…

China is still strengthening the regulatory space in its economy as it has just suggested new restrictions on online lending. Banking regulator in the country asked for public opinion on another guideline for banks’ Internet loans, towards tightening scrutiny of the banking domain through the improvement of risk management and enhancement of consumer protection. This new guideline stipulates issues which include the maximum loan amount, repayment period, and the purpose of the loan. According to the China Banking and Insurance Regulatory Commission, the…

Bitcoin halving will happen on May 12 and there are many perceptions and forecasts regarding its effect on the cryptocurrency space. The event will affect miners. According to Johnson Xu, at research company TokenInsight, the event will ultimately eliminate every inefficient miner. While speaking with Decrypt, Xu noted that finding cheaper electricity is the means of keeping these energy-intensive machines profitable following the event. The halving event will reduce miners’ profit by fifty percent on Tuesday. That is, the revenue from…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $242 billion. Bitcoin ends the week with a 20% drop after reaching $10,000 mid-week Ethereum loses almost 12% to trade below $200 once again. XRP price briefly goes over the 0.20 barrier only to drop below it on the weekend Most of the top-20 altcoins are bleeding massively following BTC’s sudden drop. The COVID-19’s…

Two persons (Tal Valariola and Itay Barak) of Digital Platinum Limited (a marketing firm based in Israel) and another individual (Daniel Fingerhut) of All In Publishing (a marketing firm based in the U.S.) have been charged with options fraud and Commodity Trading Advisor fraud. Tal Valariola is the vice president of Digital Platinum while Itay Barak is the co-founder. The Commodity Futures Trading Commission (CFTC) charged the three individuals together because they allegedly worked together to swindle unsuspicious persons of money close to…