Bitcoin

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 $254.6 billion. Bitcoin ends the week trading past $9,000 Ethereum increases by 13% to trade well over $200 XRP price breaks beyond the 0.20 barrier after a 12.5% boost COVID-19 is still out there, but governments are looking into easing restrictions in May Crypto Trends 27th of April - 03rd of May 2020: PERFORMANCE…

Bitcoin’s price incurred an upsurge above $9.5k yesterday while the U.S. Fed. Reserve left benchmark lending rates close to zero and talked about the provision of another stimulus. Bitcoin rose by more than 4.98 percent yesterday thereby attaining $9,233, following the warning by the U.S. Federal Reserve regarding a medium-term economic disaster prompted by the current COVID-19 pandemic. The price of Bitcoin has been on the upside by over 30 percent in the past seven days as halving is imminent.…

CipherTrace has released a new product known as Armada today. The purpose of the product is to assist banks in uncovering the risks known with cryptocurrency exchanges. Every year, without knowing, banks in the U.S. process up to $2 billion in cryptocurrency funds. However, 80 percent of the banks process them for illicit money services businesses. The Silicon Valley-based blockchain analysis company noted that Armada will help banks in dealing with this issue and remain compliant with anti-money laundering laws. The product…

With time, the types of crypto trading keep changing, and so do the exchange methods. Understandably, the earlier means of exchanging cryptocurrency used the traditional centralized exchange. However, when cryptocurrency was still new in the market, this exchange method boosted its popularity.  However, the centralized exchange process was rather time-consuming, which prompted the development of P2P cryptocurrency exchanges. As a cryptocurrency enthusiast, you are probably looking for easier ways to exchange crypto with other traders. Look no further, as P2P…

The growth of Bitcoin mining space has been exponential over the past years. When Bitcoin first emerged, mining depended on personal computers and GPUs. Currently, mining involves exceedingly well-organized mining pools that depend on cutting-edge ASIC miners. Due to the growth in scale of operations, people have been questioning the environmental cost involved in Bitcoin mining. Marco Streng of Genesis Mining talked about large-scale mining operations in the recent episode of the Untold Stories podcast. He discussed the environmental effects and the challenges related…

A traditional contract, still universally used to date, is a written document that frameworks cooperation. It includes the terms and conditions of a partnership or service agreement. Contracts are traditionally written in a perceivable and understandable language to the humans who make them. The contracts include all the clauses, by-laws, and other essential elements that eventually make them unfalsifiable. But with the advent of the internet and other connective technologies, the paradigm of human readability and perception has transcended to…

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 $219,3 billion. Bitcoin almost recovers to trade at its pre-pandemic value of $7,800 Ethereum sees a 10% increase in price compared to last week. XRP price increases by 3% and gets closer to the $0.20 resistance level Crude oil price goes to an unprecedented negative value. China’s digital Yuan attracts the interest of McDonald’s,…

There is an inherent lack of trust in the decentralized network and Proof of Work consensus algorithm of Bitcoin. Nevertheless, Bitcoin’s growth turned it to the leading asset worldwide, thereby bringing up issues like scalability. Hence, second-layer solutions such as the Lightning network have been introduced to solve the problem. The question now is about possible depletion of the trustless domain on which Bitcoin is based on by the Lightning network. Lisa Neigut of Blockstream spoke on the Stephen Livera podcast concerning Lightning network…

On April 24, the office of the U.S. Attorney for Columbia District was authorized to seize coronaprevention.org.  The Department was directed to detect, investigate, and prosecute the illicit conduct of the website’s owner which is related to the COVID-19 pandemic. The seizure of coronaprevention.org website was due to the alleged attempt by its owner to sell the domain for Bitcoin. According to the United States authorities, the unidentified owner of the website attempted to sell the domain to an undercover…