May 27, 2020

After Spiking to February 2018 Levels, Bitcoin Fees Have Dropped 54%

May 27, 2020 boss

After spiking a week ago to levels last seen in February 2018, the average Bitcoin (BTC) transaction fee has fallen by more than half. BitInfoCharts data shows that Bitcoin’s average fee decreased by nearly 54% from $6.65 on May 20 to $3.07 on May 25. The median — or most common — fee peaked at $3.91, but has now fallen to $1.65. Bitcoin Cash proponent Hayden Otto told Cointelegraph that if network congestion continues, it will push users to altcoins. He believes this happened in 2017: “When BTC is operating…

Trump’s 2020 Bid Could Be Threatened by the Most Unlikely Source – Facts

May 27, 2020 boss

Twitter has finally added a “fact-check” label to Donald Trump’s baseless tweets. With nearly 15x the amount of Twitter followers as Joe Biden, Trump has a distinct advantage. The new stain on his tweets could weaken that advantage. Donald Trump is officially getting fact-checked by Twitter. From here forward, it appears as though the social media app will add a disclaimer to every Trump tweet that isn’t based in reality. That could be an alarming amount. Is it enough to put doubt in the minds of at least part of his…

It’s Always Been There | Blockchain News

May 27, 2020 boss

Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won’t miss our future publications. Bitcoin’s price managed to hold steady around $8,800 level and even almost traded $9k earlier. Some altcoins seem to have woken up such as Zilliqa (ZIL), OmiseGo (OMG), and Hedera Hashgraph, all registering 15% or more gains in the past 24 hours. In…

New Crypto Bull Run ‘Inevitable’ Says Data Analytics Company CEO

May 27, 2020 boss

After two years of uncertainty since 2017’s mega bull run, the signs are looking promising for a big crypto rally, says the co-founder of market analytics company Digital Assets Data. “I believe a major crypto bull cycle is inevitable,” CEO Mike Alfred told Cointelegraph. Coronavirus shakes up the global economy Several months of coronavirus prevention measures, including business closures and stay-at-home orders, have wounded the global economy. High unemployment numbers means less spending as people look to meet their budgetary needs. Extended periods of reduced revenue also foreshadow businesses closures.…

$9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit

May 27, 2020 boss

Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” Bitcoin Cash proponents are now waiting for the completion of the codebase audit, as the protocol will undergo a security audit from the well known firm Kudelski Security. Cashfusion Protocol Facilitates Over 4,500 Fusions Cashfusion is a popular privacy-enhancing platform that is used for obfuscating bitcoin cash (BCH) transactions. The…

Here’s Why Ethereum’s Bull Case Remains Strong Despite Decline to $200

May 27, 2020 boss

Ethereum has been underperforming Bitcoin and many of its other peers over the past couple of months, with its sharp decline from yearly highs of $290 doing some damage to mid-term market structure. It now appears that Ethereum could be positioned to gain some ground against the rest of the market, as its technical outlook is growing increasingly bright as it begins flashing some subtle signs of strength. ETH is also strong from a fundamental perspective, as data shows that the number of Ethereum addresses with a non-zero balance has…