In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly approaching bullish event, however, the cryptocurrency market has stagnated, establishing a trading range. Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC But a model from PlanB suggests that should history…
Art is no longer a medium of expression of ideas, thoughts, feelings or portraying the injustice and inequality. It has transformed into a medium of investment. The right artwork associated with the right artist can be a fortune by itself. Now, with the artworks gaining so much value in the market, greed gets few people…
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with. Sichuan Bitcoin Farms Hit by Floods According to government services, monsoon flooding in China during July and August…
The world’s most dominant cryptocurrency exchange, Binance, is not satisfied with being the best in the industry. It literally wants to own it as Facebook has done with social media. The latest ambitions from the Malta based company include a localized stablecoin initiative that will rival Libra. Facebook in the Firing Line Not only has…
Blockchain interoperability network ICON has announced a token giveaway in the run-up to its eagerly anticipated community elections. 3 million ICX tokens (about ~$600,000 USD) will be disbursed to members of the ICON community throughout the pre-voting period, which commences on August 26. Scheduled to run for 30 days, ICON’s pre-voting period is designed to…
While Bitcoin (BTC) in the wake of the Great Recession, the cryptocurrency has never lived through a macroeconomic imbroglio or geopolitical spats. Related Reading: Goldman Sachs Predicts US-China Trade War to Continue into 2020, Will It Benefit Bitcoin? But, ten years after the recession that shocked the world, Bitcoin is about to experience all the…
In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks. These standards were also affirmed by the G20 in June. A collective agreement was made to apply the rules at the G20 meeting…
The blockchain industry remains confident on its way towards mass adoption: at this point, even U.S. Senators agree that the technology’s dominance is “inevitable”. However, there is an Achilles heel: Bitcoin (BTC), at least in its current stage, is bad at scaling, and so are most of the coins. Top coins are lagging behind in…
Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world. Facebook Crypto Angst Escalates In the two months following…
As a deluge of regulatory measures looms on the horizon of the nascent crypto markets, many analysts and investors alike have been quick to plead with regulators to not regulate the markets with the stroke of a broad brush, and to rather take a case-by-case approach. Now, one pro-crypto SEC Commissioner is echoing these requests,…