Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

1 week 1 day ago

Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March.

The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18.

The recent price drop is, in turn, causing the number of addresses holding smaller amounts of Bitcoin to rise.

The number of unique addresses that are holding at least 0.01 BTC (approximately $87 at current price) rose to a new high of 8.47 million on Sunday, according ...

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Kristen Moran

Persisting Problems: Will Blockchain Be Used in the Next US Election?

3 weeks 1 day ago

Have you ever stepped inside a voting booth, submitted your choice electronically, and wondered, “Did the vote actually go through? What if a malicious party changes my vote?” Those kinds of doubts dominate discussions about election security. As voting increasingly happens via computerized equipment, cybersecurity experts often warn how it’s easier than someone may think to hack into a system and wreak havoc. 

Some people wonder then, might blockchain technology bring about a more secure way for people to vote? Let’s look at that possibility.

Politicians Bringing More Visibility to the Issue

Presidential hopeful ...

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Caleb Danziger

Tezos, Chainlink Jump After a Key Partnership News

4 weeks ago

The crypto sphere has been buzzing over the past few days owing to the Bitcoin halving event, but that does not mean that other cryptocurrencies have not been making waves as well. Chainlink (LINK) and Tezos (XTZ) may be two of the smaller cryptocurrencies when it comes to market cap, but both have made noticeable gains in recent days.

Key Details

The two projects entered into a partnership recently, and since then, the cryptocurrency tokens have been in lockstep. Both cryptocurrencies seemed to be in the dumps not long ago, but both LINK and XTZ have ...

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Ankit Singhania

The Role of Blockchain Technology in High-End and Luxury Retail

4 weeks 1 day ago

For every luxury brand, class and sophistication remain key attributes that make them different from other run-of-the-mill brands. The customers of luxury products generally remain very sensitive to the delicate aspects of products. In recent years, blockchain technology has emerged as a solution for serving this clientele.

With an estimated market value of $3 trillion, luxury items offer a big opportunity for retailers. But being successful in this niche requires a solid command over the technologies and tools in order to ensure more transparency, product value, and a great shopping experience.

In this post, ...

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Chirag Mudsa

Bitcoin Soars Above $9K Mark with Strong Momentum

1 month ago

The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week. Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event.

Why the Sudden Jump?

The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced market crash over the past weeks, but now it seems to be on course to reach its previous levels. This morning, Bitcoin gained 1.9% to hit $9,099 a token, and that is a strong start, considering the fact that it gained ...

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Ankit Singhania

Ethereum Soars Over 125% Since March: What to Expect Now?

1 month ago

Almost all markets across the world have been in turmoil owing to the economic uncertainties brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and it is important to take a closer look at it. In this regard, it should be noted that ETH is the second-biggest cryptocurrency in the world, and its recovery might have an impact on the wider crypto market.

Major Triggers

The ...

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Ankit Singhania

ETH is in Focus Ahead of Ethereum 2.0: What to Expect?

1 month 1 week ago

The crypto space has not been in the best of health over the past few weeks as the coronavirus pandemic and the associated turmoil in the markets took its toll. However, that does not mean that important developments have not been taking place in the crypto sphere amidst the turmoil.

Key Things to Watch

One of the most anticipated events in the crypto space at this point is Ethereum 2.0, and traders are eager to figure out how it is going to affect the price of the ETH token. The launch of Ethereum 2.0 is still ...

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Ankit Singhania

Bitcoin Slumps as Crude Oil Crashes

1 month 1 week ago

Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations. However, this has not turned out to be the case during the course of the current prolonged market turmoil. After the oil price crash on Monday, the world’s biggest cryptocurrency has continued to slump at an alarming rate. After having found resistance at $7,200, BTC soon plunged to $6,800 per token yesterday, and it remains to be seen whether it can manage to recover today as the market turmoil continues.

Oil’s Plunge ...

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Ankit Singhania

Bitcoin Halving is Coming Soon: What to Expect Now?

1 month 2 weeks ago

The crypto sphere has seen a lot of buzz over the past few months with regards to the Bitcoin halving that is going to take place in May. Bitcoin is the biggest cryptocurrency in the world, and it is only natural that the upcoming halving event has caused such a stir in the crypto sphere at large.

Key Things to Watch

However, there is something else that needs to be considered at this point. The markets across the world have been sent into a tailspin due to the onset of the coronavirus pandemic, and it is ...

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Ankit Singhania

Ripple’s Xpring Introduces Smart Features to XRP Ledger

1 month 2 weeks ago

XRP is now the third-biggest cryptocurrency in the world by market cap, and much of the credit for its success goes to the San Francisco-based Fintech company, Ripple Labs. In a new development that should come as a major boost to Ripple holders, the company announced on Monday that it has come up with two new versions of the XRP Ledger. The announcement was made through the Ripple subsidiary, Xpring.

Key Details

The company has announced two new versions of the ledger in order to improve the services it provides to its clients. This is a ...

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Ankit Singhania

Bitcoin Cash (BCH) Climbs Higher After Halving Event

1 month 3 weeks ago

One of the most crucial events in the lifetime of most cryptocurrencies is its halving event. Bitcoin Cash (BCH) had its much-anticipated halving on Wednesday. BCH had its first block reward halving yesterday, and the event resulted in a rally in the cryptocurrency. After the halving, BCH soared by 15% over the past 24 hours, and it will likely be in focus over the course of the coming days.

Is Halving a Bullish Sign?

A halving measure generally involves providing miners with half the rewards they used to get for mining one block. In theory, it ...

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Ankit Singhania

Ethereum (ETH) Gains Momentum Ahead of ‘ETH 2.0’ Upgrade

1 month 3 weeks ago

The crypto space has been quite volatile over the past weeks, but holders of Ethereum (ETH) are, no doubt, quite pleased with the latest turn of events. Ether, the actual cryptocurrency of the network, has recorded its biggest jump in 20 days, and it seems likely that there is going to be a lot of excitement about the token in the coming hours. Experts believe that confidence over the Ethereum platform is growing steadily, and that could well be one of the reasons for the gains recorded by ETH over the past 24 hours.

All Eyes on ...

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Ankit Singhania

Coinbase Invests Over $1 Million into DeFi Sites

2 months ago

One of the major reasons behind the rapid development of the cryptocurrency space is the presence of crypto exchanges, and Coinbase is one of the most influential exchanges in the world. On Wednesday, the company further strengthened its bets in the decentralized finance (DeFi) applications space by announcing a fresh round of investments.

Major Investment

Coinbase announced that it has decided to invest a total of $1.1 million in two separate projects through its USDC Bootstrap Fund. This is a major development for the DeFi space and for the crypto space at large. It remains to ...

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Ankit Singhania

Binance Enters South Korea, Gets Approval for OkCoin

2 months ago

The growth in the cryptocurrency industry has been made possible by the presence of crypto exchanges, and in that regard, Binance has been one of the most influential. In a new development that should come as a major boost to the crypto sphere, the crypto exchange announced that it is all set to launch its operations in South Korea.

Major Details

Binance acquired the Fintech company BxB Inc and is now going to turn it into a global exchange for South Korean customers by way of a cloud platform. This is a significant development for the ...

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Ankit Singhania

TRON Partners With Metal Pay to Enable Instant Purchase of TRX

2 months 1 week ago

Over the past few years, TRON (TRX) has emerged as one of the more promising cryptocurrencies in the market, and today, there was another landmark announcement regarding the token. According to the announcement today, TRX has partnered with Metal Pay, a cryptocurrency service provider, and the agreement is expected to be beneficial for the cryptocurrency.

Major Details

By way of this agreement, users on the Metal Pay mobile application will be able to purchase TRX with fiat currency. This is a major development because it opens up TRX to a far bigger pool of investors and ...

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Ankit Singhania

Coronavirus Outbreak: How Bitcoin is Faring So Far

2 months 1 week ago

The coronavirus crisis has seen Bitcoin price nosedive in one of the greatest Bitcoin price crashes since its inception. With a 52% drop in price in a single week, the coronavirus has left many Bitcoin enthusiasts scratching their heads. Even the legendary crypto trader, Peter Brandt, who predicted Bitcoin’s peak way back in 2017, tweeted that he wouldn’t be shocked if it crashed to $1,000 and below.

Will Bitcoin recover from such a huge crash? And can it still be trusted to store value over time? These are just some of the questions that people are ...

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Bill Adams

Bitcoin (BTC) Soars 10% on Strong Momentum: A Change Coming?

2 months 1 week ago

The coronavirus pandemic has had a highly damaging effect on the capital markets, and eventually, the effect was felt in other asset classes like cryptocurrencies as well. While this did affect the world’s biggest cryptocurrency, Bitcoin has made a remarkable recovery over the past 24 hours.

BTC gained 10% in the last 24 hours, and the total value of the entire crypto market soared by $14 billion. Bitcoin was trading at $6,580 this morning in Singapore, and it seems likely that the cryptocurrency is going to be in focus among traders today.

Rally Across the ...

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Ankit Singhania

Is Bitcoin (BTC) a Buy After the Recent Market Sell-Off?

2 months 2 weeks ago

The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past weeks, its price has declined quite dramatically.

The cryptocurrency started off 2020 on a positive note, surging at a promising rate. However, over the past few weeks, it has tanked by 50%.

Hedge Against Recession?

One of the most important things to keep in ...

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Ankit Singhania

Bitcoin (BTC) Drops Below $5K Despite US Fed Slashing Interest Rates

2 months 2 weeks ago

The outbreak of the coronavirus has had a significant impact on markets, and cryptocurrencies have not been spared either. Over the weekend, the US Federal Reserve was forced to slash interest rates to almost zero, but that didn’t help Bitcoin (BTC), which dropped below $5,000.

Bitcoin (BTC) Drops Below $5,000

The largest crypto by market cap plunged below $5,000 on Tuesday as the European session got underway. After it breached the psychological milestone, it almost came close to dropping past $4,500, having shed 16% in a day. Similarly, other cryptocurrencies also experienced double-digit drops, with XRP, ...

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Ankit Singhania

Bitcoin Tanks to $6K Mark on Economic Damage from the Coronavirus

2 months 3 weeks ago

While the stock markets across the world are recording historic declines, the situation is not much different in the crypto world, which would explain why Bitcoin has been dropping as of late. On Thursday, the world’s biggest cryptocurrency by market cap plunged at an alarming rate.

Panic Selling

The coronavirus pandemic has had a volatile effect on the world economy, and markets across the globe experienced mass selloffs as fears about the damage finally took hold. BTC slumped by 25% on Thursday morning as investors continued to dump it. Although it did claw back some of ...

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Ankit Singhania