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The Uzbekistan government has revealed its plans in the upcoming regulation plans on digital currency trading and the blockchain technologies implementation that should be done this year. The announcement came through a press conference conducted on Monday by the National Agency of Project Management (NAPM). Based on the information provided, it is believed that the mining pool will aid both foreign and domestic miners through functioning capabilities as consolidation.  National Agency of Project Management's Claims The NAPM continues to put more effort into achieving an effective…

At the beginning of 2020, Binance, the world’s most lucrative cryptocurrency exchange, began its presentations of new features and developments based on the provision of their services. The top crypto exchange included various additions that backed-up numerous fiat currencies globally. As per its current features, the Turkish Lira (TRY) was among the new modifications, functioning as gateways allowing customers to bind their Visa cards with the technology. In turn, they could purchase XRP, BNB, Ethereum, and even Bitcoin.  A New…

A study revealed that 74.1% of Bitcoin mining gets powered by renewables; therefore, the activity does not use a high carbon footprint. Kazakhstan is prosperous in reducing the energy it consumes every year by 25 to 45%, within the previous five years, through a pilot aimed at heating residential buildings. On the other hand, Bitfury, a blockchain development company, is ready to partner with UNDP towards the conservation and increment of the forestland in Kazakhstan. On the 14th of January,…

Over the hurdle at $8000, there was an extension in the BTC/USD rally. However, it is also possible to exhibit a lower retracement towards $8400 or $8300 before another upsurge. Yesterday, Bitcoin’s price began a remarkable move on the upside, over the hurdles at $8200 and $8400. The price was eventually within a range before another rally over the hurdles at $8500 and $8600. Bitcoin Price Analysis There was an additional upsurge, over $8800, and settled well over the 100…

Peter Schiff predicted a looming decline in the price of Bitcoin to $1000, some time ago. Nevertheless, since currently, the prediction did not come true, Bitcoin’s price is on the upside, above $8500. As per CoinmarketCap and Kitco, Bitcoin’s price surged by 7.5% within the previous week, while Gold declined by 4%. On the other hand, the XAU/USD price attained highs of $1610 on the 8th of January but after that fell dramatically. At press time, the price was at…

On the 13th of January 2020, a press release announced the acquisition of Plaid by Visa. To acquire the technology company, the payment giant paid $5.3 billion. Some time ago, Plaid came up with a network allowing easy connection of users’ financial accounts to the apps they utilize in managing their finances. Plaid’s products allow users to share financial information with numerous apps and services. Coinbase also uses plaid’s services to get the banking information of customers. The crypto wallet…

Upbit recently announced the reopening of deposits and withdrawals for Ethereum on their platform. The South Korean based crypto exchange stopped the services for a long time after a hack. The hack led to the loss of $50 million worth of cryptocurrency funds. Upbit said that it is adopting another wallet system for the services. Additionally, the exchange reassured its users in full using its corporate assets because crypto funds got hacked. Upbit also noted the Ethereum wallet security system…

On the 14th of January 2020, the price of BTC/USD rose by over 5% and was able to break significant resistances close to $8250 and $8500. The price might keep upsurging towards $8780 and $8800 soon. On the previous day, there were rumors that the bitcoin price could incline above the hurdle at $8200. The price gathered sufficient momentum, leading to the rise over the major range hurdle close to $8200. Moreover, the buyers could move the price over the…

Monero (XMR) gets considered the leader of privacy coins in the cryptocurrency domain, as Bitcoin gets viewed as the leader of the crypto market. However, participants in the Bitcoin community have various receptions for the top fungible coin. Some of them accept that it possesses potential, while others deny it. Bitcoin and XMR continue to move forward, but atomic swaps between them could happen soon. A developer is involved in the establishment of cross-chain atomic swaps is known as Joel…