Month: May 2021

Excitement over ETH 2.0; Major Developments could Drive Ecosystem Forward – Blockchain News, Opinion, TV and Jobs

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Jason Guthrie, Head of Digital Assets, WisdomTree The outlook for cryptocurrencies has become a hot topic for market participants, spectators and press alike. While the cryptocurrency market recently experienced a pullback amid a series of negative news flow, it is not all doom and gloom. Much has been said about bitcoin (BTC), but ether (ETH) is increasingly presenting an interesting opportunity for investors. On 12 May 2021, ether hit a new all-time high and with that event came questions from investors asking whether the momentum was sustainable and if they…

Will China’s Clamp Down on Mining Create Long Term Impact on the Price of Bitcoin? – Blockchain News, Opinion, TV and Jobs

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Chinese Vice Premier Liu He told a group of finance officials last Friday that the government would clamp down on bitcoin mining and trading. The reason behind this decision is said to be China’s goal to achieve financial stability. While China has taken steps to restrict the use of cryptocurrencies for many years now, this focus on mining is quite new. An official from mining company BIT.TOP suggested that the Chinese government is trying to prevent a massive flow of capital into crypto mining. But this does not mean that individuals…

The Intersection of Eth 2.0 Validating and Cloud Computing Explained

In this week’s episode, CoinDesk’s Christine Kim and Consensys’ Ben Edgington discuss the security and running costs of CoinDesk’s Ethereum 2.0 staking operations with special guest, CoinDesk Director of Engineering Spencer Beggs. They also explain the main features of Eth 2.0’s first major backwards-incompatible upgrade, Altair, which is tentatively scheduled for release in July. This episode is sponsored by📷 and The Sun Exchange. In February, CoinDesk activated an Eth 2.0 validator, nicknamed Zelda, by staking 32 ETH, worth roughly $52,000 at the time, on Ethereum’s parallel proof-of-stake (PoS) blockchain network.…

The DeFi battlefield: who will win the fight?

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DeFi is a very hot topic nowadays. Big institutional investors, experienced crypto enthusiasts, governments from different countries, newcomers to the world of blockchain technology, and people who just observe – everybody is discussing DeFi. But we can see how easy it is to lose the monopoly on this market, because new projects are starting to offer alternative solutions that can beat Ethereum in the race for DeFi dominance. For example, the Binance Smart Chain (BSC) that was launched not so long ago, has already preceded ETH in terms of daily…

Why Enterprise Blockchain Investing Is a Big Deal Right Now

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“Bitcoin has the same character a fax machine had. A single fax machine is a doorstop. The world where everyone has a fax machine is an immensely valuable thing.” — Larry Summers, Former US Secretary of the Treasury We are already living in a world that runs on information — and whoever has the best access to data pulls the strings that define their own and others’ future. However, blockchain technology represents the dawn of a new era — one where data is free of manipulation and resources are accessible…

Why Bitcoin’s Taproot Upgrade Matters

You might have noticed some green squares floating around Twitter. Like the laser eyes, they are part of the insider signaling that creates a sense of cause and belonging. Unlike the laser eyes, they are not directly about the price – they signal support for the proposed Taproot upgrade for the Bitcoin network. Why is this important? It’s not just the benefits the upgrade brings, which are significant. Taproot is important because it reminds us of what Bitcoin is. You’re reading Crypto Long & Short, a newsletter that looks closely at…

Blockchain Global Market Report Shows Growth in Covid Era due to Demand for Safety and Transparency – Blockchain News, Opinion, TV and Jobs

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With an annual growth rate (CAGR) of 79%, the blockchain market is looking towards a bright future. This recent growth (2020-2021) is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures such as social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. It was not forecasted that blockchain technology would explode this much in popularity this year. Businesses from various industries are showing a growing…

Dogecoin Price Jumps Ahead More Than Half a Dollar

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HomeNewsCrypto NewsDogecoin Price Jumps Ahead More Than Half a Dollar Within the past 24 hours, we have seen Dogecoin (DOGE) jump ahead and grow over 30% in price. With DOGE climbing the crypto ladder at a rapid pace, in the early hours of Tuesday, the coin price reached a new milestone and crossed the $0.50 barrier. The value of Dogecoin was $0.389421 and reached $0.541900 overnight–a 39% increase in price. As Dogecoin continues to grow in the crypto market, the digital currency has taken observers by surprise who have mocked…

Tether Zips Past $50B and Heats Up the Crypto Market

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HomeNewsCrypto NewsTether Zips Past $50B and Heats Up the Crypto Market Tether (USDT), the world’s largest stablecoin, just reached a market capitalization of $50 billion at the end of April 2021. A definitive sign that the cryptocurrency bull market is warming up, the Tether supply has grown by more than a factor of 10 over the last 12 months. Calculating the breakdown, that roughly accounts for 25% growth in the span of a month.  CTO of Tether Paolo Ardoino, has commented on this success stating, “Crossing a market cap of…