EXCHANGES

Cryptocurrencies Likely to Grow Over 1000% in Value This Year

[ad_1] In spite of some bearish periods, cryptocurrencies have mostly done well this year, managing to actually outpace most traditional financial assets. In terms of percentages, the past year saw six out of the 10 largest market cap cryptocurrencies gain in value. Bitcoin (BTC) saw an increase of over 77% during the one-year period, Ethereum (ETH) over 27%, Bitcoin Cash (BCH) – 25%, Litecoin (LTC) – 36%, Binance Coin (BNB)
Business

Not All Central Banks Have an Interest in CBDCs

[ad_1] The recent survey results published by the Bank of International Settlements produced bullish and bearish sentiments with regard to Central Bank Digital Currency adoption. While banks in Emerging Market Economies (EME) are moving more rapidly toward issuing government-sponsored CBDCs, those in established countries appear to be taking a more cautious stance on the transition from fiat currencies to digital.The irony here is that the banks that could potentially catapult
EXCHANGES

Bitcoin ATMs Grow in Number Reaching Almost 7,000 in Operation Around the World

[ad_1] ATMs supporting digital coins have increased parallel to the predominant trend on cryptocurrency markets since the beginning of 2020. With over 400 new devices added in January, the global total is now closing on the 7,000 mark. The sector has seen exponential growth in the past three years. Also read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea Crypto Teller Machines Increase by Over 5%
EXCHANGES

5% of Block Rewards – Bitcoin ABC Will Add Infrastructure Funding Plan in Next Release

[ad_1] Bitcoin ABC developers published a blog post on Saturday which discusses the miner Infrastructure Funding Plan (IFP) and the team told the community the software engineers have been “requested” to implement IFP. According to the developers, the code for IFP will be implemented in the upcoming 0.21.0 ABC software release. Also Read: 3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners Bitcoin ABC Will Implement
Business

Coronavirus Spreads and Crypto Rallies, but Not Everything Is Related

[ad_1] Surging crypto rallies and the coronavirus scare — the two phenomena seem to be closely related, according to many. But this particular correlation is not necessarily translating to causation, at least according to some experts.Mati Greenspan, the founder of Quantum Economics, offered his insights regarding the apparent connections between the two events. “So far, I don’t see any direct correlation between the coronavirus and crypto prices.” Instead, Greenspan pointed
Business

Cryptocurrency News From Japan: Feb. 9

[ad_1] This past week in Japan, native exchange Bitpoint released data showing a massive deficit from 2019, Japan’s Financial Services Agency mentioned upcoming tightened regulations, Japanese and European central banks researched distributed ledger technology, Japan’s Liberal Democratic Party chairman expressed fears of Libra and the Chinese digital yuan, and the GMO Coin exchange hit 300,000 users.Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.Japanese
EXCHANGES

Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC

[ad_1] On February 7, the blockchain analytics provider Tradeblock published a report about the upcoming BTC reward halving. BTC’s block reward is expected to halve on or around May 12, 2020, and Tradeblock’s report estimates that the cost to mine BTC will be over $12,500 after the halving. Also Read: The Controversial S2F Model Predicts Bitcoin Price Will Reach 100,000 USD Within 2 Years BTC’s Price Must Rise According to
BLOCKCHAIN

JP Morgan Acquisition Paves JPM Coin Growth

[ad_1] According to an all-new report released earlier this week, banking giant JP Morgan is currently in the process of facilitating a merger of its in-house blockchain unit called Quorum with Ethereum-based software developer ConsenSys. The deal is currently under negotiation and is likely to be finalized by the end of Q3 2020.Quorum is a blockchain-based network that has been built atop the Ethereum ecosystem. It currently serves as the
Business

Uptrend Broken? Bitcoin Tumbles Below $10K as Greed Hits 6-Month High

[ad_1] Bitcoin (BTC) has fallen below its landmark $10,000 price point after failing to break $10,500 resistance, mimicking a similar $300 drop earlier this week. Crypto market 1-day price chart. Source: Coin360Bitcoin drops to $9,800sCoin360 and Cointelegraph Markets data show Bitcoin has fallen below the $10,000 big-even, to a press time price of $9,884. “Good response by the bulls but 10k needs reclaiming,” commented Cointelegraph Markets contributor filbfilb in his Telegram channel
EXCHANGES

OTC Bitcoin Trading Volume Reaches $300 Million in Chile 

[ad_1] Chileans traded almost USD $300 million in Bitcoin over LocalBitcoins.com last week. This jump in over-the-counter trading points to greater shifts in the global economic status quo. Mass Adoption Clearly Underway The data shows a sharp increase in Chilean OTC Bitcoin transactions beginning in late 2016, and although volatile, demonstrates a sharp upward trend. The week ending on February 8th had by far the largest BTC trading volume. Given