If Coindesk sources are to be believed that two prominent names in the online payments industry Paypal and Venmo are planning to offer buying and selling of cryptocurrencies to their 305 million user base. Fintech giant Paypal and its mobile payment service Venmo are ready to delve into the vast and complex world of the […]
Recent data by blockchain analytics firm Glassnode, revealed an increase in Bitcoin adoption as the number of both small-scale and large-scale investors break records. Glassnode revealed that the number of addresses holding 0.1 BTC set a new all-time high with more than three million wallets holding at least 940 dollars in BTC. The firm also […]
Bitcoin whales made huge waves in the markets as Whale Alert reported three whale transactions in less than three hours. Whale Alert, a Twitter bot that tracks and reports large-scale cryptocurrency transactions, reported that Bitcoin whales moved over 14,000 BTC in a matter of a few hours. Bitcoin whales on the move Whale Alert reported […]
Bitcoin transactions can be thought of as digital messages which are sent to the entire Bitcoin (BTC) network to be verified. Each transaction comes with a digital cryptographic signature that is tied to the owner’s wallet of the transaction and it acts as proof that you own the private keys that control the Bitcoins. Satoshi, […]
In the early years of the Bitcoin network, Bitcoin mining was an extremely profitable venture for most people. It was one of the biggest drivers for the adoption of the Bitcoin network as miners rushed to set up their computers in order to earn magical internet money by simply leaving their computer on overnight and […]
Bitcoin miners have sold more Bitcoin in the past week than they have mined in the same period. Metrics noted by Twitter user ConnerBrown show that miners have sold 673 more BTC than were generated in the past week. 6,561 BTC was spent by miners while the number of Bitcoin generated in the same time […]
Crypto asset management firm Electric Capital claims that Governments’ monetary stimuli are aiding the rate of crypto adoption. In the company’s investor update for Q1 2020, the firm claimed that the fiscal stimuli by the governments are “hastening the emergence of a world where cryptocurrencies and crypto infrastructure will thrive.” Government stimuli aids crypto adoption […]
New statistics about the source of the Bitcoin hashrate revealed that more than half of the asset’s hashrate is controlled by two mining pools. Recent data suggests that the Bitcoin network has been becoming increasingly centralized between two major mining pools. The mining pools have come to dominate the network’s hash rate after its block […]
Cryptocurrency exchange platform BitMEX and its executives have been accused of indulging in illegal activities that include racketeering, money laundering Damon other financial crimes. BitMEX, one of the largest crypto derivatives platforms across the globe, has been accused of being “deliberately designed” to facilitate a multitude of illegal activities. BitMEX faces a lawsuit for money […]
The number of Bitcoin held across centralized cryptocurrency exchanges had decreased by more than 10 percent since the asset’s price crash in March.  Data collected by Glassnode shows that Bitcoin has been moving away from centralized changes since mid-March. The movement away from the exchanges began after the huge market crash in mid-March that saw […]