The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors. Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate. Although the price
Month: September 2020
According to data from CryptoQuant, the total amount of Bitcoin (BTC) held in exchange reserves dropped from 2.8 million BTC in October 2019 to 2.4 million. Analysts believe that this steady decline in reserves means retail traders and whales may be accumulating Bitcoin as they expect prices to rise in the future. Even though Bitcoin
Block Stars is a podcast series where Ripple CTO David Schwartz meets blockchain’s most innovative and impactful thinkers. In the latest episode, David talks with serial entrepreneur Sid John Leopold about the environmental impact of blockchain technology and what it means for the future of money. In a 2019 academic article, Sid analyzed the eco-friendliness
Despite being, perhaps, the biggest tech buzzword of the last decade, blockchain technology has largely remained just that: a buzzword. While its best-known implementation, Bitcoin (BTC), has become a household name, the technology that underpins it remains little more than a mystery for most. By and large, this can be attributed to slow progress in
Over the last few months, DeFi protocols including Yearn.Finance, Compound, Synthetix, and Chainlink have seen their token prices go through the roof, sparking talk that the long-awaited bull market might be here. The DeFi boom is built on Ethereum and propelled ETH’s price rise from $100 in March to $470 in August. However, the DeFi
A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other periods, gold and Bitcoin appear to move in tandem. However, the correlation that should be watched the most is the
As the world is battling to recover from the damage caused by the coronavirus pandemic, a major cryptocurrency event in Switzerland prepares to take return to a physical format. Crypto Finance Conference (CfC), an international crypto event held in St. Moritz, will take place from Jan. 20’22, 2021, and feature speakers from key industry firms
Bitcoin (BTC) price appears to be gearing up for another shot at the $11K mark but traders shouldn’t get overly excited as resistance in the $11,000-$11,200 zone and at $11,389 have kept the price from moving higher for the last few weeks. Crypto Fear & Greed Index. Source: Alternative.me Currently the Crypto Fear & Greed
In defiance of Reddit’s apparent wishes, crypto traders have devised a way to exchange the social platform’s ’community points’ tokens for fiat ’ and it’s resulted in a pretty surprising market cap. In May Reddit announced it would begin distributing ERC-20 rewards tokens on the Rinkeby testnet among users of its cryptocurrency and Fortnite subcommunities
A court has agreed with the Maker Ecosystem Growth Foundation that a class-action lawsuit over its ’Black Thursday’ meltdown should enter into arbitration proceedings. The Maker Foundation filed this motion to compel arbitration in response a lawsuit filed by MakerDAO user Peter Johnson in April after he suffered six-figure losses as a result of the
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