Bitcoin Transaction Fees on the rise as miners slow down While the reward that miners receive fro unlocking a new block on the Bitcoin network is well known to fund and incentivize the mining ecosystem, there is another avenue of revenue for these miners. Bitcoin transaction fees are also an important part of the system. It now appears that while the halving ahs cut the rewards of miners and what they earn for unlocking blocks, they have been earning more in fees, but this…
Tezos joins Ethereum in providing Blockchain DNS On 5th June, Tezos announced that it would be providing blockchain DNS. The announcement on Medium came after a 5-part series that the technology company felt was necessary for a successful domain name service. https://medium.com/tezos-name-service/introducing-tezos-domains-78cfadc08c75 Developers agreed on the name of the new service, Tezos Domains, after much deliberation. Users of Tezos will be able to use pure ADCII names…
Bitcoin Halving Still Having an Impact as Difficulty Drops Again Approaching a month after the third Bitcoin halving event and the ripples of that cut in profitability are still impacting the mining situation around Bitcoin. Many thought that the impact would be far greater and that the price of the coin would also see some play, but it has not been too dramatic. In saying that there has been an expected easing off of the hashrate as Bitcoin’s mining effort eases off and…
China to enable online Notary Services using blockchain tech While cryptocurrencies continue to gain momentum, China, once the biggest crypto hotspots, went on to ban cryptocurrencies. The nation was one of the first countries to put a complete ban on Bitcoin and other cryptocurrencies when it banned ICOs, then shut off access to exchanges, effectively killing off the decentralized cryptocurrency industry in the nation. Since then, the People’s Republic has been very firm in…
Amazon obtains patent for blockchain-enabled package tracking The last couple of years have seen blockchain utility reach new heights. The most transformative technology of this generation has been disrupting almost every industrial sector. From securing transactions to helping track goods in a supply chain, the tech is even being considered innovative enough to disrupt next-generation techs such as 5G.…
IBM's Blockchain will help track fresh salmon from farm to table The use of blockchain tech also allows consumers and retailers to track an item back to its source. This is a key part of any supply chain, to maintain the quality of products while keeping everything transparent to the consumers. The biggest project in this regard is IBM’s food traceability platform. https://thedailychain.com/second-nestle-carrefour-partnership-is-proof-of-ibms-blockchain-platforms-utility/…
FIS Provides Relief for Crypto Exchange and Brokers with New Anti-Fraud Service On 3rd June, Worldpay from FIS announced a new service, Fraud Freedom, designed for crypto brokers and exchanges. The new service is a welcome relief for brokers and exchanges, who will receive indemnification. FIS is a global financial services provider and the power behind Worldpay’s Fraud Freedom. The global leader identified the need for secure and smooth user experiences for crypto users.…
Kyrgyzstan Republic looks to regulate crytocurrency mining While cryptocurrencies continue to get a hard time from regulators, governments across the globe are happy to accept certain aspects of this industry. The cryptocurrency mining industry is on the whitelist of several nations trying to seize the opportunity and embrace it as something with great potential. Over the last few years, authorities have tried to foster the growth of this industry by creating a…
Bloomberg Report Points to a New Bitcoin All Time High This Year Ever since Bitcoin had its monumental rally towards the back end of 2017 and topped the $20,000 mark people have been wondering when Bitocin will get back to those levels again. The coin has struggled to stay above even half that with it only pushing towards $14,000 the last potential rally. However, predictions from Bloomberg point to positivity for the price of the asset this year for a number of factors both…
Grayscale's Bitcoin buying Overflows to Ether There has been news that the largest and most prominent cryptocurrency fund, the Grayscale Bitcoin Trust, has been aggressively buying up Bitcoin after the halving event, but this trust is not only for Bitcoin. The trust represents true institutional interest in the asset class that Bitocin is, and can be.…
UN Blockchain Expert says digital Cash Could Replace Bank Accounts United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts. https://www.linkedin.com/in/massimo-buonomo-7050014/?originalSubdomain=it Low interest rates, he said, were the main enticement for people to come and join a new bank — but they would be obsolete in competition against an official digital currency, which could easily…
Crypto-Criminals on a rampage, capitalizing on COVID-19 Pandemic This year has one of the ugliest incidences of crypto-related crimes recorded in the crypto industry. The dark side of the crypto-industry appears to be on the rise, as revealed in a report recently released by a digital-asset intelligence firm, CipherTrace. The value of funds stolen through **crypto-related crimes** over the first five months in 2020, stood at $1.4 billion, thereby making this year one with…
Tokenization startup Upvest raises $1 million to develop prediction tool for Ethereum gas fees Asset tokenization startup Upvest has raised €900,000 (~$1.01 million) in new funding The startup plans to further develop its prediction tool for Ethereum gas fees Upvest said the tool helps its clients to estimate gas fees for Ethereum transactions and optimize their costs Asset tokenization startup Upvest has raised €900,000 (~$1.01 million) in new funding from the European…
Zilliqa, the fast-rising cryptocurrency that has gained more than 845% since March Zilliqa, a fast-rising cryptocurrency, is the 36th most valuable cryptocurrency presently with a market capitalization of $245.25 million In recent days, the price of Bitcoin (BTC) has been hovering around the $10,000 resistance level, while several altcoins, such as Zilliqa (ZIL), have shown tremendous bullish momentum. Zilliqa, a fast-rising cryptocurrency, according to data obtained from…
About 33% of pension funds, hedge funds now own digital assets such as Bitcoin In the US 27% of financial institutions like family offices, investment advisers, pension funds, and hedge funds said they own crypto assets. It seems the stake in crypto-assets by institutional investors, is rising by the day, as reports from Bloomberg News, in a survey, done by America’s leading money manager, Fidelity Investments shows a third of large institutional investors owning crypto…
Hedge funds, institutional investors rush to own stakes in Bitcoin Hedge funds are firms that offer alternative investments to a specific type of investors (high net worth individuals), in a bid to protect their investment portfolios from market uncertainty, while generating positive returns regardless of market sentiments. With global economic uncertainty gradually becoming a daily norm, institutional and hedge funds around the world have been rushing to have a stake in…
How Bitcoin will hit $100,000? Bitcoin will need to have a market capitalization of $2.1 trillion to hit $100,000, and that is about a quarter the market capitalization of gold. For the flagship currency to hit $100,000, **Bitcoin** will need to have a market capitalization of $2.1 trillion. That is about a quarter of the market capitalization of gold. According to Option trader, Theta Seek stated that for this incredible feat to happen is to envision consistent buying…
Bulls push Bitcoin pass $10,000, as America’s turmoil intensifies Meanwhile, popular Hedge Fund manager, Michael Novogratz, said Bitcoin’s bullish momentum might have just started. His forecast was based on quantitative easing done by global central banks and the high geopolitical uncertainty around the world. The flagship currency has finally done it. Just hours ago, at around 11.30 pm Nigerian time, Bitcoin surged pass $10,000 for the first time in weeks, touching price…
Estonia Revokes 500 Crypto Firms' licenses after $200 Billion Money Laudering Scandal **Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank.** Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported.…
Fastest growing cryptocurrency, Compound (COMP) up over 143% in 24 hours Compound is an Ethereum token that is designed to comply with the Compound protocol. Records in the crypto world keep being smashed in the twinkling of an eye, and this week, Compound (COMP) became the 22nd most valuable cryptocurrency, according to data seen from CoinMarketCap. Its price surged to over $310 (June 21) per token before cooling at $281, as at the time this report was drafted, up from…
Cryptocurrencies Price Prediction: Bitcoin, Ripple & Litecoin Bitcoin bulls are hoping to reap from their effort of keeping the price above $9,600 following a retreat from weekly highs at $9,787.40. The gains in the last 24 hours are attributed to rumors that PayPal was getting ready to integrate **cryptocurrency**. PayPal is hiring two blockchain engineers who will be involved in research and technical developments. https://www.fxstreet.com/cryptocurrencies **Litecoin Price…
Cryptocurrency Market News: Bitcoin eying up $20,000 again with the help of PayPal rumors **Here is what you need to know on Tuesday, June 23, 2020** BTC/USD is trading at $9,650 after a 4% price surge yesterday. The daily **chart** is painting a bull flag that could see continuation within the next few days. https://www.fxstreet.com/rates-charts/chart ETH/USD is a bit stronger than Bitcoin at $244 and also a daily bull flag. The **resistance** level at $250 remains as the…
Ripple Price Analysis: XRP/USD motionless under $0.19 as consolidation takes point **Ripple briefly stepped out of consolidation but buyers failed to contain the gains above $0.19.** **XRP/USD is gradually sliding back to consolidation supported by a confluence at $0.1880.** Ripple briefly stepped above $0.19 in widespread **cryptocurrency** gains during the American session on Monday. The recovery occurred following a week of consolidation above the short term support at…
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