Monthly Archives

December 2019

Bitcoin 2020 — Blockchain’s New Year Resolutions

By | blog

Most of us believe in the “New Year — New Me” rhetoric”: I’m going to lose weight, quit smoking, eat healthy, stop being lazy, spend more time with family and whatnot. Yet, losing weight usually only turns into losing motivation instead. But then, it doesn’t really make sense to laugh at our absurdities, as we humans have plenty of them. Not when it comes to New Year’s resolutions, at least. I mean, we can mostly agree that it’s just a hefty to-do list for the first week of January. Now, what if it were the same for the disruptive and

Read More

XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

By | blog

One of these coins is XRP (XRP), which has seen a decrease of 50% over the year, going from $0.39 to $0.195. Will 2020 be a similar year for XRP and altcoins, or can we see a switch in momentum? A new analysis is warranted. XRP hitting new lows in USD value It was a bad year for the XRP investor, with the price hitting new lows over and over again. XRP USD 1-day chart. Source: TradingView Price held the $0.30 support throughout the beginning of the year. However, XRP wasn’t able to provide a higher high and continued making

Read More

Ethereum Network Overcame Intentional Attack Affecting Parity Nodes

By | blog

The Ethereum (ETH) network was apparently the target of a coordinated attack, according to several analysts. Following reports that some Parity Ethereum nodes lost sync with the network, on Dec. 31, core blockchain infrastructure company Parity Technology said it believed there was an attack underway and subsequently released network upgrades to protect against it. According to cryptocurrency security consultant Sergio Demian Lerner, the attack was implemented in a simple way, wherein “you send to a Parity node a block with invalid transactions, but valid header (borrowed from another block). The node will mark the block header as invalid and ban

Read More

Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live

By | blog

Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) announced that its blockchain-based, physical gold-backed transfer system is now live. Turkish Takasbank launched BiGA Digital Gold to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold, according to an announcement on Dec. 30. The BiGA system — first announced in September 2019 — enables participating banks to use blockchain tech to transfer digital assets representing a quantity of physical gold. Each asset represents a gram of gold that is physically stored in vaults of the Borsa Istanbul (BIST) Turkish stock exchange. The BiGA project aims

Read More

BitMEX Ends Year With Additional 13K BTC in Its Insurance Fund, Up 61%

By | blog

The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin in circulation, based on the data available at Blockchain.com. The fund, which the cryptocurrency exchange set up to ensure that liquidation orders related to leveraged positions are filled, ended 2018 with almost 20,800 BTC. This means that the fund has seen a 61% increase since the start of 2019. How does the BitMEX Insurance Fund work? Crypto derivatives exchange BitMEX set up the fund to give margin traders

Read More

Amid Rising Adoption, Funding for Blockchain Startups Dries Up

By | blog

Blockchain has become a buzzword in the startup ecosystem and multinationals alike. Numerous benefits provided by the technology has incentivized businesses and governments to adopt, explore or invest in it. However, a surprising turn of events took place in 2019 when it comes to the amount invested into blockchain technology and companies behind them. After the incoming funds peaked in 2018 with $5.5 billion in capital raised, this year saw a sharp decline — with less than $3 billion of capital flowing into the ecosystem. There are numerous reasons to explain this, however. The bullish hysteria around Bitcoin was over

Read More

Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

By | blog

Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis. Following the COP25 UN Climate Conference in Madrid, Sun tweeted: Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements. Regarding this, Sun told Cointelegraph that decentralized settlements and decentralized finance platforms are run by computers on cloud computing systems. In turn, this eliminates the need for paper documentation. “Decentralized settlement and decentralized finance

Read More

DLive Joins BitTorrent Ecosystem to Make Blockchain-Based Content Sharing Mainstream

By | blog

Peer-to-peer filesharing giant BitTorrent announced on Dec. 30 that DLive, the blockchain-based live streaming platform, will be joining its ecosystem. Through this partnership, DLive will bring peer-to-peer content sharing and live streaming capabilities to BitTorrent’s 100 million monthly active users. BitTorrent CEO Justin Sun told Cointelegraph that following YouTube’s crypto-content ban, decentralized content platforms are the future. “It’s unfortunate to see content platforms such as YouTube taking down crypto-related content, this is the issue with centralized agencies. Decentralized content platforms such as TRON’s newest partner DLive are the platforms of the future.” DLive, which was launched nearly 2 years ago,

Read More

The Biggest Crypto Winners and Losers of 2019

By | blog

Even though the cryptocurrency industry is not new to ups and downs, 2019 has turned out to be the year with the most surprising reveals. The long-lasting bear market of 2018 moved market analysts to call it the year of regulatory reckoning, leaving many jurisdictions uncertain about how to treat cryptocurrencies. However, 2019 also turned out to be the year of the comeback, as big tech giants like Facebook moved from banning crypto to embracing it. Escalating global events such as the trade war between the United States and China have shifted investors’ point of view on the utility of

Read More

Poloniex Crypto Exchange Confirms Data Leak After Awkward Email

By | blog

Cryptocurrency exchange Poloniex has forced a password reset for all customers due to a leaked list of email addresses and passwords on Twitter. On Dec. 30, the exchange emailed its customers to inform them that a list of leaked email addresses and passwords could potentially be used to log in to Poloniex accounts. The exchange forced a password reset on any email addresses that have an account with the exchange. The email reads: “While almost all of the email addresses listed do not belong to Poloniex accounts, we are forcing a password reset on any email addresses that do

Read More