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Some market participants anticipate the next major Bitcoin bull run to be catalyzed by the imminent bitcoin halving mining rewards, scheduled for May 2020. It is due to the historical precedent of these events Despite the anticipation,  the blockchain and cryptocurrency research group, Messari, says the influence of Bitcoin inflation, produced by the halving, will be insufficient to bring about any striking upsurge. However, they further noted that another reason exists for the event to bring about the uptrend. Previously,…

In June 2019, the BTC price surged to over $ 10 000, and a large number of traders even expected further increase. Nonetheless, Dave the Wave, an analyst, called for the return of rationality to the crypto market, based on claims that the uptrend of $10 000 represented overextension of Bitcoin’s long-term growth curve. The analyst maintained that the BTC price is positioned to revisit $6.7K. The analyst forecast proved correct as the BTC price declined from $8K to $6.7K.…

On the 20th of December 2019, Ripple raised 200 million USD in yet another funding round. Tetragon, SBI holdings, and Route 66 ventures were part of the funding round process. The acquired funds’ objective is to assist Ripple in improving its international payments network and utilizing the XRP cryptocurrency and the XRP ledger. The year 2019 is remarkable for Ripple as regards investment, as it is supposedly the strongest year of growth to date. Brad Garlinghouse, the Ripple CEO, pointed…

Crypto investors highly depend on crypto exchanges due to their liquidity, convenience, and provision of trading pairs. Cryptocurrency exchanges convert digital coins and are custodians and lenders through the provision of funds for margin trading. Even though crypto exchanges offer convenience, security remains a concern. Traders entrust their funds to these platforms using hot and cold wallets. Nevertheless, hacking threats in crypto exchanges are extreme. A large number of cryptocurrencies are genuinely secure because they depend on distributed ledger technology…

Recently, the aggregate cryptocurrency market is maintaining significant support. Major cryptocurrencies, including ETH, TRX, XLM, EOS, XLP, LTC, and BCH, are having a hard time increasing in price. BCH/USD, on the other hand, is surging following a move to $170. Its price increased to over $180, and as we speak, it is into consolidation close to $185. The upside shows two critical resistances close to $192 and $195; a move over them may take the price towards $ 215. The…

In December 2017, the ECB released a new report, with the title “Exploring anonymity in central bank digital currencies.” This report provides detailed information about the way CBDC could function. The CBDC research has a motive for contributing to the broader discussion of central bank chains.  The CBDC concept utilizes many features established by R3 and Accenture, and the network gets referred to as Eurochain. The Eurochain report’s content includes the hypothetical network’s benefits and the discussion on how anonymity…

In its strategy to cut transaction costs, EY, a renowned auditing firm, introduced Zero-knowledge Proof (ZKP) blockchain on the 19th of December 2019. The function of ZKP as a digital protocol is to enable data distribution between two participants without the use of a password or other related details in the transaction. This EY’s ZKP is ethereum-based, and its purpose is to bring more scalability for private transactions on public blockchains by reducing the cost of transactions. The previous gets…

XRP/BTC is reaching the later stages of a wedge formation but has recently hit strong resistance. This resistance has come in the form of the 50, 100, and 200 DMAs and the descending wedge's upper boundary. XRP/BTC Daily 1 Price is currently falling like a knife, smashing through any effort to support price at the 2740 satoshi mark. This is the unfortunate conclusion of a small bull run after price broke through the local range top at 2740 sats on…

Recently, a report by Clovr indicated that a small group of crypto whales hold the majority of the top cryptos. The report also pointed out that Whales are also in charge of exchange wallets and loads of tokens. Top assets with a remarkable wealth distribution program have over 70% of their supply with top wallets. All of these tokens have a relatively small market capitalization of $ 100 million or less. Every asset possesses different risks of top-heaviness, and a…