Business

Most Transactions on XRP, EOS and Tezos Don’t Transfer Any Value

[ad_1] Research has found the vast majority of transactions on EOS, Tezos and XRP do not transfer any value.According to a research paper released on pre-print site arXiv, only 2% of transactions on the XRP ledger and 18% of transactions on Tezos (XTZ) lead to value transfers. They found that during the period of October 1, 2019 to December 31, 2019, 95% of transactions on EOS were related to the airdrop
BLOCKCHAIN

Cambodia’s New DLT Payments Network Aims to Undermine US Dollar

[ad_1] Cambodia’s central bank will launch a distributed ledger technology (DLT) network to enable greater interoperability in the country’s payments sector and to take on the almighty greenback.Consumers will be able to make near instant payments via the platform, using a mobile app and QR codes.During Consensus: Distributed on May 11, the assistant governor and director-general of the National Bank of Cambodia, Serey Chea, revealed the primary goal of the
Business

Bitcoin Miner Riot Blockchain Racks Up $221 Million Deficit

[ad_1] U.S. mining firm Riot Blockchain has published its financial report for Q1 2020 — painting a picture of a company heavily reliant on equity and debt financing to fund its operations.The firm reported recurring losses and negative cash flows from its operations, with Riot anticipating continued losses over the near term.But the mining outfit is pinning its hopes on the arrival of 2000 next generation mining machines it believes
Business

Most Crypto Users Think QuadrigaCX CEO Faked Own Death

[ad_1] Eighteen months after Gerald Cotten, founder and Chief Executive Officer (CEO) of QuadrigaCX, was reported to have died while doing volunteer work at an orphanage in India, and most crypto users apparently believe he’s still alive.The Canadian exchange is just one of many that are suspected of fraudulent exit scams, with publicity around the cases believed to be turning some users off of crypto.According to an online poll conducted
EXCHANGES

Bitcoin Is in “No Man’s Land” After the Halving: Here Are Key Levels to Watch

[ad_1] Since the block reward halving on Monday, the Bitcoin market has entered somewhat of a lull, with the asset trading in the high-$8,000s with little volatility ever since the event. This price action — or lack thereof — has brought the cryptocurrency into “no man’s land,” according to one popular crypto trader pointing to the chart below. “No break in market structure by my rules yet on the 1D.
EXCHANGES

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

[ad_1] On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 BTC realized a year earlier. It blamed the decline on “increasing network difficulty (that)
Business

Craig Wright Threatened to Crash The Bitcoin Price … So What Happened?

[ad_1] There are many halving predictions yet to come true — among them Satoshi claimant Dr Craig Wright’s ‘long term advance notice’ from 2018 that he intended to crash the Bitcoin price.The warning emerged from a Slack group that Wright uses to communicate with his acolytes, and his dastardly scheme makes fascinating reading.Dismissed at the timeWright’s sell-off threat came just prior to the much-hyped fork of the Bitcoin Cash blockchain
EXCHANGES

New Users are Flooding into Bitcoin; Will This Catalyze a Move Past $10,000?

[ad_1] Recent comments from the CEO of Binance seem to indicate that the cryptocurrency exchange is seeing a massive influx of new platform registrants He also notes that the activity level of these registrants is much higher than that seen several months ago This could be an early sign of an imminent wave of new retail adopters – the same ones who drove Bitcoin’s price up to highs of $20,000
EXCHANGES

Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz

[ad_1] Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable in light of the record money printing by world central banks. “The (Bitcoin) halving was quantitative tightening,” Novogratz explained, noting the new coronavirus
BUY/SELL

Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving

[ad_1] Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions. As previously reported by Cointelegraph, Bitcoin’s halving event tends to increase volatility due to its significant uncertainties. Traders anticipated that the price would either rally or dump during and after the event,