Business

‘Can You Imagine BTC Price If It Had Scaled?’

[ad_1] American Institute for Economic Research editorial director Jeffrey Tucker reignited the long-running Bitcoin scaling debate with a tweet earlier today.The economist — who has long been a proponent of Bitcoin (BTC) — suggested the current price is much lower than it otherwise would have been because the underlying technology has not been “properly scaled”.On March 31, Tucker tweeted:I'm not unimpressed by a $6K price of BTC. I was blown
Business

Proof of Stake Vs. Proof of Work: Which One Is ‘Fairer’?

[ad_1] This is the first of two articles providing a deeper dive into the eternal debate between the Proof of Stake (PoS) and Proof of Work (PoW) consensus algorithms. This part will focus on the basics, while also discussing the issue of wealth concentration and inequality, which is often at the center of any community argument.Bitcoin (BTC) and many of the original cryptocurrencies were born as pure PoW systems. Proof of
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Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

[ad_1] Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe the Fed could start purchasing stocks in order to quell the economy. Also read:
BLOCKCHAIN

Australian Startup Offers New Spin on Tokenized Gold Trading

[ad_1] Australian startup Meld Gold will launch a blockchain-based platform for tokenized gold trading in the third quarter of 2020.Meld Gold said the platform will offer a digital method to buy and sell physical gold that is more efficient and transparent than traditional gold markets.Unlike other gold-backed tokens, the issuer doesn’t have a stash of gold in its own custody — rather each token represents one gram of gold held
BLOCKCHAIN

Virtual Blockchain Week Is A Virus-Proof Crypto Conference

[ad_1] It’s just the kind of event that these sequestered, hunkered-down times call for.With COVID-19 still wreaking havoc on any plans to get more than ten people in a room together, Virtual Blockchain Week is a weeklong conference taking place completely online, and it just so happens that Cointelegraph is the primary media partner for the event.Virtual Blockchain Week attendees simply tune into the appropriate webcast to participate. The agenda
BLOCKCHAIN

Binance Futures Hosts Trading Competition With Prize Pool Worth $1M

[ad_1] Cryptocurrency exchange Binance announced on March 25 that it will be hosting a trading tournament where participants could compete in teams and win a prize pool of up to $1 million in BNB tokens.According to the announcement, the tournament will take place between April 10 and April 25, and will take place in two ways: daily ROI and overall USDT team profit tournaments.Binance explains that all teams that trade in perpetual
BLOCKCHAIN

April Fools Sees Toilet Paper Token in Short Supply on CoinMarketCap

[ad_1] It’s April Fool’s day somewhere, or at least in CoinMarketCap’s neck of the woods, as the cryptocurrency data site saw massive volumes for new “Toilet Paper Token.”A website known for listing cryptocurrencies in order of market cap value, CoinMarketCap, listed Toilet Paper Token (TPT) as number “0” atop its list on March 31, showing a circulating supply of “out of stock.”   Although it’s still March 31 in some parts of
BLOCKCHAIN

Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking

[ad_1] Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking.According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows that 30% of personal users and 13% of professional users wouldn't know if their data or computer's resources were modified
BLOCKCHAIN

ConsenSys-Associated Agritech Project Covantis Officially Established

[ad_1] Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations.Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval.First tests are expected to be carried out in May 2020According to a March 31 announcement, the company is the joint initiative
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Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

[ad_1] As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin] mining death spirals do not actually happen in real life” and the speculation is a “highly theoretical edge case.” Also read: ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu