Ethereum Istanbul — Faster, But Still Not the World Computer

Vitalik Buterin has claimed that Ethereum will support 3,000 transactions per second after the upcoming Istanbul fork. Will this unleash a new wave of Ethereum creativity? Might we expect a surge in traffic on the Ethereum network? Could its increase influence the price of ETH? Ethereum is slow The conventional wisdom is that Ethereum is too slow. But for what purpose is it too slow? It seems to be sufficiently fast for financial services. But the mistake people are making in saying “Ethereum is slow” is misunderstanding what a great…

6 Altcoins That Are Currently Making Me Avoid BTC

Since publishing the last trading journal two weeks ago, I have made a number of altcoin trades but not a single Bitcoin (BTC) trade other than closing my long from $6,900 in segments between $7,550 and $7,700. Currently, I am trading Matic Network (MATIC), WePower (WPR), Zilliqa (ZIL), Verge (XVG), Fantom (FTM) and ChainLink (LINK). In the last journal, I detailed a 2% positional loss on my REN trade which had an entry at .00000603 Satoshis (sats) and closed at .00000590 (sats). I made a 14% gain trading DOCK, 32%…

Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme X Dear reader, some third-party applications like Twitter, Youtube, Google, and our comment function are utilizing cookies. By rejecting this cookie consent, you might not be able to read the full article due to embeds.Privacy Policy Accept Reject Privacy & Cookies Policy Source link

T-Minus 1,000 Blocks Until Ethereum’s Istanbul Hard Fork

As of press time, Ethereum has passed block #9068000, putting it within 1000 blocks of the scheduled Istanbul hard fork, which should take place at around 23:30 UTC. The much-anticipated shift to Istanbul will be the Ethereum network’s first hard fork since February’s Constantinople. Both are stages of a broader phase of ongoing development that began in 2017 called Metropolis.  What is changing? Cointelegraph has covered Ethereum’s ongoing developments extensively, as have the developers. Broadly speaking, Istanbul should be streamlining the network in accordance with Metropolis’s overall goals of scaling…

Bitcoin Dying? This Bullish Metric Just Notched a New All-Time High

The number of bitcoin addresses with any balance exceeded its January 2018 high. Even though the metric is not perfect, it provides a rough estimate of bitcoin’s adoption rate. The synchronicity in the growth of this metric and the explosion of dormant bitcoin addresses suggests accumulation. Most people only refer to the price of bitcoin to gauge the health of the top cryptocurrency. If there’s a brutal sell-off, critics are quick to assume that the digital asset is dying. A minor bitcoin rally later, and almost everyone is tweeting about…

Italian Copyright Authority and Algorand Develop Blockchain Ecosystem for Copyright Management

The Italian Society of Authors and Publishers (SIAE) has teamed up with Algorand to develop a new ecosystem for copyright management, based on Algorand’s recently launched blockchain platform. SIAE had already started to develop the project – with the help of “La Sapienza” University of Rome and consulting company Blockchain Core. SIAE has now decided to focus on the Algorand platform for its by design public nature and its high performance. Algorand uses a pure Proof-of-Stake (PoS) protocol that guarantees decentralization, scalability and security, making it particularly suitable for handling…

Bitcoin Price Must Now Break $8.2K to End 6-Month Losing Streak

While Bitcoin (BTC) is in a range between $6,800-$8,200, some altcoins have shown impressive movements during the past week. Some examples are MATIC (+83%) and RVN (+46%). These movements generally occur during low volatility periods in Bitcoin.  Crypto market daily performance. Source: Coin360 Now that Bitcoin is attempting to rally above $7,600, into its previous trading range, new analysis and perspectives are needed in order to see if the market can provide continued upside movement for altcoins.  Bitcoin stuck in a bearish range Bitcoin’s trend still favors the downside as…

EOS-Based Social Media Platform Voice Announces Beta Launch

Voice, the social media platform first unveiled by EOS creator Block.One in June, announced that it will launch in beta on Feb. 14 — Valentine’s Day — in 2020. Voice announced the beta launch date in a blog post published by the project on Dec. 5. The firm also promises that it will share its progress with the community as the development goes on.  Voice also claims that thousands have already signed up to take part in its beta testing. The firm also admits that the initiative is still plagued…

SEC Approves Bitcoin Futures Fund

The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures Fund Cleared to Launch The U.S. SEC declared the registration statement filed by Stone Ridge Trust VI for the NYDIG Bitcoin Strategy Fund effective on Monday. The company filed Form N-2 with the SEC on…

Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains

Saturday, Dec. 7 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $7,550 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 2.12% on the day, trading at around $7,537 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 1.71%. Bitcoin 7-day price chart. Source: Coin360 Earlier today, on-chain analyst and trader, Willy Woo, said on Twitter that he believes that Bitcoin’s on-chain momentum…