Day: May 12, 2020

Bitcoin Network Is at Peak Health Post-Halving, Report Shows

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A recent report from Glassnode indicates that Bitcoin (BTC) network health is close to its maximum despite the recent halving of miner rewards. On-chain BTC Index The company has recently introduced its on-chain BTC Index (GNI) that captures a number of key on-chain metrics and combines them into easily digestible charts and numbers.  Source: Glassnode The GNI has decreased from 76 points to 74 points since last week.  However, one of the key metrics, ‘Network Health,’ which combines network growth and network activity, has jumped 6 points, from 88 to…

Austrian Government-Backed Project Will Use Blockchain to Find Waste Heat Spots

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An Austrian project is set to use blockchain to help find waste heat hotspots in the cities of Vienna and Graz.  Launched by the Austrian Institute of Technology (AIT) on May 12, HotCity is creating a gamification system to crowdsource hotspots around the city and channel them to provide public heating. The platform will use the Ignis blockchain, part of the Ardor ecosystem developed by Swiss company Jelurida. Sustainability in Austrian cities Vienna hosts one of Europe’s largest district heating networks, which provides hot water through centralized heating lines in…

Top Cryptocurrency Prices 2013-2020

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Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

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The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin growth comes from tether, which represents almost 90% of the total stablecoin supply. The largest tether markets measured by traded volume are supported by two Asia-based exchanges, Binance and Huobi, according to CoinGecko. Both exchanges support nearly 200 different cryptocurrencies,…

Blockchain Interoperability Is Finally Happening

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Cross-chain interoperability is one of the hottest topics in the blockchain space right now. With more disparate blockchain frameworks than ever and thousands of cryptocurrencies in circulation, users want a unifying solution that lets them switch between different platforms, transferring value freely as they go. While there are several blockchain projects that have shown tremendous promise in this field, it feels like a lot of them haven’t completely matured yet, e.g Polkadot , Cosmos, Fusion, Wanchain and other projects that are currently building interoperability infrastructures. They had to sacrifice certain…

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New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool

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New China-based mining pool Lubian accounts for 5.15% of the total Bitcoin (BTC) hash rate, just three weeks after processing its first block. The pool was originally spotted by BlockBeats, a Chinese blockchain news outlet, on May 12.  Lubian is currently the sixth-largest mining pool, with a 6.30 EH/s hash rate, data obtained from btc.com shows. The operation first surfaced on April 24, when it found block #627,441. According to Dovey Wan, Primitive Ventures’ founding partner and industry commentator, Lubian could be an ex-private pool that has recently gone public.…

UN Paves Path for Sustainability in Seafood Industry Using Blockchain

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Blockchain has become one of the most discussed technologies in relation to supply chain management, given its ability to provide transparency and traceability within a number of value chains. The Food and Agriculture Organization of the United Nations recently published a report titled “Blockchain Application in Seafood Value Chains” to raise governmental and international awareness on the role of blockchain in the seafood industry. Key points highlighted throughout the document point to regulatory concerns that arise with global trade, appropriate use cases for blockchain and challenges — such as scalability…

R3 Corda Partners With Kaleido After Ethereum Startup Spins Out of ConsenSys

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R3, the company behind distributed ledger technology (DLT) platform Corda, is edging ever closer to Ethereum, with news of a partnership with blockchain-in-the-cloud startup Kaleido. The announcement comes following Kaleido’s emergence as a standalone company last month. The startup revealed Tuesday it was spun out of ConsenSys, the Ethereum-based venture studio founded by Joe Lubin. “We spun out April 1. It’s been exciting for us to take that step forward,” Sophia Lopez, Kaleido’s chief operating officer, told CryptoX in an email. “In addition to the partnership with R3 and going…

Bitcoin Technical Analysis: BTC Inches Closer To The Next Decline (April 2020)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Don’t forget to subscribe and hit that notification ‘🔔’ & visit our base camp at – Bitcoin Technical Analysis: BTC Inches Closer To The Next Decline (April 2020) Bitcoin is still trading above $7k but it does not have much room to rise significantly higher. The daily chart for BTC/USD shows that the price has run into resistance at the 50-day moving average. It might end up breaking past that near-term to test $7.7k which corresponds to a previously broken market structure.…