Bitcoin price to ‘sustain’ $265K level once boring consolidation ends — Analysts
Analysts forecast a Bitcoin run to $265,000, but it could take longer than investors expect.
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XRP Could Fall 20% Says Trader Accusing Ripple of Manipulating Market
Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses. Brandt: Ripple manipulated XRP for yearsIn a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation. XRP had dropped to its lowest level against Bitcoin (BTC)…
What is Gresham’s law, and how does it relate to cryptocurrencies?
Gresham’s law, explained Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money.Gresham’s law is a principle in economics that states that when two different forms of money are in circulation, individuals typically spend or trade the money they believe to
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
A report on the firm's holdings to the SEC for Q2 2021 revealed the bank's trust division had 29,498 shares in Grayscale's Bitcoin Trust, worth more than $880,000. 257 Total views 1 Total shares Illinois-based financial services company First Midwest Bank’s trust division has reported it held 29,498 shares of Grayscale’s Bitcoin Trust as of…
Eager to work: Bitcoin switch to proof-of-stake remains unlikely
Bitcoin (BTC), the original cryptocurrency that started it all and even today continues to drive the market sentiments, has faced numerous challenges along the way. The latest challenge seems to be around its mining consensus, proof-of-work (PoW) and its consequent impact on the environment.Bitcoin network’s high energy consumption was one of the hottest topics last…
Are high fees killing some types of DApps? Cartesi explains on Hashing It Out
Erick de Moura argues that on blockchain networks with high fees, some types of decentralized applications don’t survive because users are only willing to part with cash for a few specific kinds. As the race between Ethereum layer-2 networks heats up, users are left with questions about each network’s unique nature, use cases and plan
The Escobars Believe They’ve Found the Real Satoshi
A new theory regarding the true identity of anonymous Bitcoin creator Satoshi Nakamoto has emerged from an extremely unlikely source. Enter the Escobar family and their story about Yasutaka Nakamoto.The story goes like this: Yasutaka Nakamoto was a high-ranking engineer for Pacific West Airlines who worked for Colombian drug lord Pablo Escobar, smuggling drugs into…
Dress to impress: Crypto payments set for mainstream via compliance
Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such companies to support cryptocurrencies. This year, PayPal secured the first conditional cryptocurrency license…
Big Tech in Blockchain: Comparing IBM, Microsoft, Apple, Google and More
The world’s largest technology companies have made concerted efforts to investigate and integrate blockchain technologies over the past few years. Partly driven by a massive boom in interest caused by Bitcoin’s stellar bull run in 2017, blockchain technology quickly became the new catchword in tech. A swathe of startups entered the fray during that period…