The Crypto Market Just Hit a Low for 2018
Cryptocurrency investors continue to turn risk averse as the total cryptocurrency market capitalization sinks to a new annual low.
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Rising Dormant Bitcoin Numbers Suggest Holding Is a Preferred Investment Strategy
More than 13.3 million bitcoin (BTC) worth $388.7 billion have been dormant on-chain for at least a year, according to data tracked by blockchain analytics firm Glassnode.The tally equals 68.54% of the circulating supply of 19,451,256 BTC and shows a persistent bias for holding the cryptocurrency for long-term gains, according to analysts at the cryptocurrency…
2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?
Let me take you back to a simpler time. On this day two years ago, Nov. 9, 2021, bitcoin maxis were sporting red laser eyes, FTX had just closed a $420 million funding round and rumor had it that dogecoin’s (DOGE) biggest fan, Elon Musk, may host an upcoming episode of “S and L.” On
Bitcoin Loses 10% on the Week as Memecoins Tumble
Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.Bitcoin (BTC) has plunged more than 10% over the past 7 days to a two-month low just above $26,000 alongside a sizable reversal in the previous red-hot memecoin sector.The world’s largest cryptocurrency traded at…
BitTorrent’s BTT Token Doubles in Value as Tron, on Which Its Issued, Hits 200M Users
The BTT token from BitTorrent, the file-sharing platform that Tron bought in 2018, more than doubled in price on Wednesday amid apparent optimism about the Tron blockchain.BTT is issued on the Tron blockchain, which just hit 200 million users. There appears to be no news catalyst for the price rise.The move comes alongside an uptick
Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says
May 26, 2020 at 21:30 UTCIMF deputy division chief Tommaso Mancini-Griffoli believes central bank digital currencies can benefit from public-private partnerships. (Credit: Mark Van Scyoc / Shutterstock)A senior figure at the International Monetary Fund (IMF) believes a digital currency backed by a central bank would open the door to much greater innovation in retail payments.…
Walmart Explores Blockchain for Connecting Automated Delivery Drones
Walmart's recent patent efforts have showcased how the retail giant is investigating blockchain, and a new filing points to a focus on autonomous delivery drones. The application was published on August 30, detailing a system by which "autonomous electronic devices" communicate with each other wirelessly and pass transported objects to each other after an identification process.…
New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks
Oct 29, 2020 at 13:30 UTCNew York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change.In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing such risks…
Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions
Oct 14, 2020 at 16:37 UTCUpdated Oct 14, 2020 at 16:52 UTCBlockchain Bites: Ethereum Power Users, Composability Questions, Staking SolutionsInvest: ethereum economy, a full day of conversation, workshopping and networking around the future of money, is streaming live today until 6:30 p.m. ET.Today’s special edition of Blockchain Bites is covering all the news you need to know…