BTC

Exiled Bitmain co-founder has moved to reinstate his position after recently gaining partial legal victory  This resulted in a physical brawl with current CFO Luyao Liu, leading to the intervention of local police The senior management tensions at Bitmain are hurting the mining giant ahead of 3rd Bitcoin halving On May 8, 2020, the ousted co-founder of Bitmain, Micree Ketuan Zhan, was reportedly surrounded by a group of 50-odd guys led by the company's former legal representative and CFO Luyao…

The General Protocols startup has been able to raise over $1 million in a seed funding round. It is now working on the development of its Decentralized Finance (DeFi) on Bitcoin Cash (BCH). This funding round enables the team based in Singapore to come up with their flagship product AnyHedge on Bitcoin Cash. As an open source derivatives tool, Anyhedge allows the creation of new markets with smart contracts when embedded by exchanges and OTC desks. The investors that provided…

People usually compare the cryptocurrency market to the traditional market. Bitcoin is volatile thereby making it a challenge for the investors in equity or other asset class. In spite of the volatility, Bitcoin and cryptocurrencies have been able to attract institutional investors over the previous 12 to 18 months. Nevertheless, the uncertainty that reflects in the traditional market has contributed to the achievement. On May 5, Kevin Kelly of Delphi Digital featured in the recent episode of Block Crunch. He noted that…

Bithumb Global is hosting a Margin Trading Event, starting May 8, 2020, 00:00 through May 21, 2020, 23:59 (UTC+8). When the users borrow 400 USDT or the equivalent Bitcoin or Ethereum accumulatively in the "Margin Trading," they can be rewarded with BTC or ETH incentive worth 5 USDT. Users with net asset valuation equal to or bigger than 0.05 BTC will be rewarded from the 1 BTC and 30 ETH pool prizes. The corresponding token reward is issued according to…

For most days last month, the performance of Ethereum was not impressive while Bitcoin was able to gain enough momentum that pushed its price to the upside to become the cryptocurrency asset with the best performance. In recent times, Coinmetrics released the State of the Network report which noted that the market capitalization of Bitcoin increased by 17% within the previous week. Likewise, it said that the active addresses rose to 928,000 (12.2% increment). Nevertheless, the outstanding statistic was the rise in Bitcoin transaction…

Blockchain technology is the underlying tech that introduced cryptocurrencies. The technology, yet so young, has immensely transformed the fintech industry, making it possible for persons to transfer value across the globe without any geographical or third-party limitations. The technology enhances the transparency of transactions not only for the grantee but also for the beneficiary. However, while most people are familiar with Blockchain technology, few understand the two types of transactions necessitated on the blockchain, On-chain, and Off-chain transactions. These two…

When it comes to cryptocurrencies, Bitcoin is known for being the leading coin in terms of market capitalization and dominance. It is such that it is referred to as the benchmark cryptocurrency and market analysts use its performance to forecast the entire market direction. People in the cryptocurrency space hold different opinion regarding the performance of Bitcoin and altcoins. According to a trader and technical analyst known as TraderSZ, the performance of altcoins will be better than that of Bitcoin…

Several cryptocurrency market participants are clamoring for greater adoption. This is because it will promote the philosophy of cryptocurrencies worldwide. Recently, authorities worldwide took steps to regulate cryptos thereby clearing the way for more adoption. Bitcoin is gaining traction in developing countries worldwide even as numerous individuals consider the leading cryptocurrency as an investment vehicle. Continents that appear to be at the center of the fresh sway of adoption for Bitcoin include Latin America, Africa and Asia. Matt Ahlborg featured…

Bitcoin rewards halving is scheduled to happen in the next eight days and there has been debate in the cryptocurrency space regarding its short-term influence. It is undisputable that it will bring about a bullish price action in the long-term because it will cause a 50 percent annual inflation reduction for Bitcoin. However, in the short-term basis, its effects are quite speculative, and it is not easy to consider it historically due to limited data sets. However, according to an…