Why is Bitcoin price stuck?
Bitcoin price is stuck in a downtrend as sellers across the market refuse to relent.
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Raising the Security Bar? Dash Claims a 51% Attack Is Not Enough
Dash recently claimed it had been the world’s safest cryptocurrency for a year due to its innovative technology called ChainLocks that allegedly makes a 51% attack nearly impossible. Fully implemented in early July 2019, ChainLocks has not yet seen any protocol capable of matching it — according to the Dash Core team. Well-known Bitcoin (BTC) educator…
Ohio: Seven Funds Plan $300 Million Investment for Blockchain Startups Through 2021
Ohio funds will pour over $300 million into blockchain startups through 2021, Northeast Ohio daily news outlet Cleveland.com reported Dec. 3, quoting executives.Speaking at the ongoing Blockland Solutions conference, nonprofit JumpStart CEO Ray Leach announced that a total of seven funds were primed to invest $100 million in “early-stage startups that focus on using blockchain…
Crypto Platform Says It Aims to Solve Bitcoin Scalability Issue
Crypto platform ILCoin says it is developing a “modern alternative to bitcoin” without scalability issues by using “pioneering technology” called command chain protocol (C2P).The protocol of C2P, created by ILCoin, is supposed to solve the main problem of the Bitcoin blockchain — the lack of scalability — by enlarging the block size. The startup says…
Impermanent loss challenges the claim that DeFi is the ‘future of France’
Impermanent loss is one of the most recognized risks that investors have to contend with when providing liquidity to an automated market maker (AMM) in the decentralized finance (DeFi) sector. Although it is not an actual loss incurred from the liquidity provider’s (LP) position — rather an opportunity cost that occurs when compared with simply…
Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high
Bitcoin (BTC) found a new focus just under $20,000 on July 14 as U.S. dollar strength hammered out yet another two-decade high.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY moves bring yen, euro into focusData from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding from lows sparked by a fresh 40-year high for U.S. inflation as per…
XRP Price Gains 40% in One Week But Can It Continue Rally to $0.50?
Most markets are rallying since receiving a severe shakeout throughout the weekend, during which the price of Bitcoin (BTC) fell by $1,400 in minutes below the $11,000 level, liquidating $1 billion in futures along the way. However, one of the most reliable coins in recent days has been Ripple’s XRP token as it rallied 40% in…
US Congressmen blame crypto firms for ‘tax gap’ in letter to Treasury
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto. 241 Total views 1 Total shares Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the…
Andreessen Horowitz launches biggest-ever crypto venture fund at $2.2B
The Silicon Valley venture firm is doubling down on blockchain technology, having already supported several crypto startups over the years. 921 Total views 3 Total shares Andreessen Horowitz is launching a new crypto-focused fund dedicated to expanding the size and marketability of blockchain projects, offering further evidence that venture funds believe in the staying power…