A new report reveals that the majority of cryptocurrency and blockchain projects are centralized. Majority of Cryptocurrencies Can Be Classified as Centralized, Securities Cryptocurrency research firm CryptoCompare released its annual Cryptoasset Taxonomy Report, and their findings reveal that only 16% of cryptocurrencies are fully decentralized. The remaining cryptocurrencies reviewed are either centralized, or only semi-decentralized,…
In April, a blockchain entrepreneur has surprised the space by launching a savage legal attack on his four associates, alleging that all of them committed acts of fraud, breach of contract and trade theft. The allegation resulted in a $152 million lawsuit, the most expensive claim the cryptocurrency space had seen, even until this very…
Markets are flat again today; Ox surging, XRP and Tezos recovering slowly. It seems that things are back to horizontal territory for crypto markets as very little has moved over the past 24 hours. Total market capitalization remains over $210 billion where it was this time yesterday. Bitcoin has flat lined again and is stuck…
The U.S. administration is interested in pitting Ripple’s centralized XRP token against Bitcoin to tackle China’s crypto dominance. Cory Johnson, Ripple’s new chief marketing strategies, told Breaker Magazine that the White House is researching the consequence of China’s Bitcoin mining dominance, which currently amounts to over 80 percent. The digital currency’s mounting popularity among millennials…
Tezos (XTZ) surged 15% over the past 24 hours amidst a general cryptocurrency market recovery and its recent listing on Kraken. The cryptocurrency has been one of worst affected by the market crash, falling over 90% since its one year high it reached in December. Despite being one of the worst major altcoins affected by…
Markets have receded a little from the spike; Tezos, Bytecoin and Icon still climbing. Yesterday’s big bounce has been sustained today and markets are holding their gains at the moment. The rally added over $20 billion into crypto markets initially however a pullback has seen levels drop a little. Total market capitalization is currently over…
The U.K.’s oldest cryptocurrency exchange has become the first company to be licensed by Gibraltar’s progressive blockchain legislation. The rules are a first for Europe and highlight the British Overseas Territory’s commitment to exploring technological innovations. Gibraltar Focusing on “Quality Not Quantity,” Coinfloor Proves Itself Worthy According to a report in the Financial Times, Coinfloor…
Fidelity Investments has announced that it’s launching a new cryptocurrency trading arm, called Fidelity Digital Asset Services, that will handle cryptocurrency custody and trading for its customers. Fidelity Investments Announces Fidelity Digital Asset Services Today, Boston-based asset manager responsible for $7.2 trillion in customer assets, Fidelity Investments, revealed a separate new branch focusing on cryptocurrencies…
A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their…
Monday markets are looking red; XRP and Dash sliding, Tron and Tezos holding ground. Monday morning in Asia is a red one in crypto land as markets slide further back. There have been no more major selloffs, however, and losses are marginal. Total market capitalization is still in the $200 billion range. Bitcoin has not…