Day: December 4, 2020

Upcoming Cardano hard fork to introduce ‘token locking’ ahead of Goguen

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IOHK, the development arm behind Cardano, recently announced a new hard fork of the protocol scheduled for mid-December.  Kevin Hammond, a software engineer at IOHK, revealed this week that Cardano will undergo a hard fork later this month as part of its transition to the Goguen development era. Although most observers associate hard forks with trauma, Hammond said that these events are handled much differently on Cardano: “[…] Cardano handles hard forks automatically, without stopping block production. This gives a uniquely smooth upgrade process that allows new features to be…

Martial Mining Report Launch – 6 Nov 2020

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On International Environmental Conflict day, London Mining Network launched our Martial Mining report. This piece of independent research shows the link between global mining and warfare. We were joined at the online launch event by Kirsten Bayes of Campaign Against the Arms Trade & Sara Callaway of Global Women’s Strike. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

This Legacy Crypto has the “Largest Bullish Divergence Ever,” Claims Analyst

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Litecoin is the epitome of what investors describe as a “legacy altcoin” with little utility in the present crypto ecosystem, but still often sees large rises in value due to new entrants to the market buying it due to its established history within the crypto ecosystem. Additionally, the addition of Litecoin to platforms like PayPal may also boost its adoption and utility, which may partially be the catalyst for its recent uptrend. Over the past month, LTC had seen some intense gains, with buyers pushing its price from lows of…

“Cyclical Nature Of Bitcoin” Could Provide Clues On Continuation Or Correction

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Bitcoin is clearly at a pivotal point in its current market cycle. But market cycles aren’t always obvious as to what might occur, even if the when happens to become more clear with time. In the leading cryptocurrency by market cap, Decembers are particularly notable, culminating in most of the asset’s tops and bottoms. With the all-important month now here, and Bitcoin at a potential inflection point something significant could be brewing. Crypto Analyst Reveals Compelling Bitcoin Cycle Theory In 2017, Bitcoin’s bull run and meteoric rise – as the…

Price analysis 12/4: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

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Many altcoins are seeing sharp corrections as Bitcoin price struggles to hold $19,000 as support. A few years back, Bitcoin’s (BTC) price was controlled by whales as the crypto market lacked depth and was relatively illiquid. If whales were selling in unison, no one wanted to venture out and buy. Similarly, the whale’s concerted buying easily boosted prices higher. However, that is not the case anymore. With the arrival of institutional investors, it appears that the whales are gradually losing their ability to influence BT price. According to on-chain data,…

Coinbase becomes a founding member of Square’s crypto patent group

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The Cryptocurrency Open Patent Alliance, or COPA, headed up by finance company Square, recently picked up Coinbase as a cornerstone participant. Square unveiled the group in September as a method of warding off patent overreach — an issue that has been known to limit technological advancement. Coinbase senior counsel and COPA board member Brittany Cuthbert said in a public statement from the alliance on Friday: “As the crypto economy continues to grow, we believe it is important to help empower all projects building towards an open financial system. […] We…

Bitcoin Veterans Dump Long-Term Holdings as Price Nears $20K

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Traders who have held Bitcoin for more than 155 days are selling their stash as its price eyes $20,000, a Glassnode study revealed. ASOL (Please Don’t Read it Loud) The on-chain analysis platform cited Average Spent Output Lifespan (ASOL), a barometer to gauge the average age of coins that have been transacted. The metric’s higher readings reflects that long-term holders are realizing their profits by selling their Bitcoin. Bitcoin ASOL hit a local peak on November 2020. Source: Glassnode Bitcoin ASOL hit a local peak on November 2020. Source: Glassnode…

Bitcoin Cash Hardfork – 0.10 Bitcoin Giveaway Happy Diwali !

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello Friends , Follow Telegram – Follow Twitter – Post on Twitter – Follow Facebook – Join Bybit Futures Trading – Join Binance Futures – Join Wazirx To Buy/Sell Bitcoin – JOIN FOREX NOW – In this video will talk about Bitcoin cash Hardfork and will talk about should we invest in bitcoin cash or not ! We will talk about bitcoin cash chain split into BCHN as well . We are also starting a series of giveaway for all viewers and…

China’s central bank plans digital yuan pilot for payments to Hong Kong

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China’s central bank and the Hong Kong Monetary Authority, or HKMA, are in the preliminary stages of piloting the digital yuan for cross-border payments — underscoring another key development in the rollout of a central bank digital currency, or CBDC. In a media release that appeared on the HKMA website on Friday, chief executive Eddie Yue provided an update on the ongoing work surrounding cross-border payments. He indicated that HKMA is in dialogue with the People’s Bank of China, or PBoC, to begin pilot testing the e-CNY. Yue said: “The…

Celsius’ CEO thinks Ethereum could lose its market dominance if this doesn’t happen

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Ethereum 2.0 recently fired up its Beacon Chain, concluding Phase 0 of a scaling effort years in the making. Although he expressed faith in Eth2, Celsius CEO and founder Alex Mashinsky believes that the network could lose its spotlight if it doesn’t scale quickly and significantly. “Ethereum needs to prove it can scale its transactions 100x without compromising on security or decentralization,” Mashinsky told Cointelegraph when asked about Eth2’s next hurdle after its Beacon Chain launch. “If it fails to scale, Cardano and Polkadot will take over.” As of Thursday,…