CoinMarketCap, which recently became a Binance company, released a report on Q1 crypto market performance, as seen from its perspective. One of the more interesting details is the significant decrease in users from China. As revealed by the report, published on April 30, China fell...
Month: April 2020
Mike Novogratz on Telegram: ‘We Don’t Need Another Crypto’
As Telegram again delays the launch of its Telegram Open Network (TON) after missing their April 30 deadline, some key players in the crypto industry don’t want Telegram to launch the coin at all. Michael Novogratz, CEO of crypto merchant bank, Galaxy Digital, and one...
Interest in Bitcoin Spikes Worldwide During COVID-19 Crisis
The demand for cryptocurrency in certain countries is growing amid the COVID-19 pandemic. Bitcoin (BTC) peer-to-peer trading volume in Argentina, Chile, Venezuela and Morocco has peaked over the past few weeks, marking new all-time highs. Additional reports suggest that traffic on centralized cryptocurrency exchanges has...
How Blockchain Disrupts Acquiring, Remittance and Corporate Settlement
A few years ago, blockchain technology gained significant traction and was regarded as a truly revolutionary tool for any industry, providing opportunities to significantly update the way of doing business in many areas. As a result, numerous illicit actors didn’t neglect to use the opportunity...
37% Expect Bitcoin’s Hashrate to be Higher After Halving: Poll
About 37% of the cryptocurrency community expects Bitcoin’s (BTC) hashrate to be higher one month after the block reward halving than it currently is, according to a recent poll. Cryptocurrency portfolio tracking application, Blockfolio, polled its users on April 27. They asked whether they believe...
Stablecoins Provide Cover as Global Risks and Uncertainty Quake
As the global economy trembles, investors continue to find sanctuary in stablecoins. In the most recent 12-month period (ending April 29, 2020), the three top stablecoins — Tether (USDT), Circle (USDC) and Paxos (PAX) — increased their market capitalization by 161%, 191% and 146%, respectively....
Trader: Bitcoin’s Current Rally Isn’t Corrective, It’s Impulsive
Is Bitcoin’s current rally just a bull trap, or is it actually headed for the moon? Trader Alessio Rastani and co-founder of Wintermute Trading, Yoann Turpin, explain why Bitcoin’s upward momentum may be impulsive in nature rather than corrective. Don’t miss the latest episode of...
Block.one Invests $50,000 Into Blockchain-Based COVID-19 Testing App
Block.one, the company behind EOSIO (EOS), issued a $50,000 grant to Genobank for its open-source app on April 29. The grant is designed to facilitate anonymous access to COVID-19 testing. Genobank announced at the start of April that its app, Agerona, was being developed alongside...
Fireblocks Hits $7B Monthly Volume and Expands Into Asia Pacific
Digital asset security specialist Fireblocks announced April 30 that its platform has been used to secure $30 billion of digital assets to date, with current monthly volumes in excess of $7 billion. It is also expanding to meet increased demand in the Asia-Pacific region, with...
Caitlin Long on Banking Backdrop, Stifled Regulation to Serve Crypto
During Virtual Blockchain Week, Cointelegraph spoke with Caitlin Long — the founder and CEO of the upcoming “crypto bank” Avanti Bank & Trust as well as the driving force behind regulatory changes in the state of Wyoming for allowing financial institutions to handle both crypto...