StarkDEX, on the other hand, uses state-of-the-art cryptographic STARK proofs to take on-chain transactions, process them off-chain, and then batch them back on-chain in order to increase throughput. The challenges of this method are purely technical, rather than social, as with Unipig (where you just have to get others to supply more liquidity over time).
Liquidity providers are not rushing in. To measure market makers’ enthusiasm for bitcoin, we turn to network data: the aggregate balances of exchange wallets, as a percentage of bitcoin’s total supply. This measure of exchanges’ bitcoin flows shows some responsiveness to volatility. Year-to-date highs were set in late May and early July, when volatility was
Enjin coin (ENJ) started to rise sharply from Wednesday afternoon (UTC) as news spread of a rewards scheme from the tech giant that uses Enjin technology and the ethereum blockchain. Known as Azure Heroes, the scheme rewards community members with crypto collectibles (or NFTs) for good deeds, such as mentoring, providing demos, creating content and
Funds move between users inside the smart contract, which is orchestrated by validators and guardians. When a contract is open, validators package transactions into blocks. Elected by guardians, validators have a near-perfect probabilistic guarantee of participating honestly with safety features such as built-in collateral (to disincentivize cheating). Users also decide when a contract closes, sending
Of concern to researchers, the variant is able to pull a payload from a remote location and run it in memory, making it harder to conduct forensic analysis. So far, the malware can be detected by very few virus detection engines, with only five raising an alert when the Bleeping Computer report was published.
This added selling pressure on bitcoin, which Greenspan believes caused the 10 percent fall over the weekend, will likely prevent traders from moving into other digital assets, at the risk of taking a loss from liquidating their BTC. The lack of short selling this week suggests many traders are unwilling to speculate about future prices
Occurring on Sunday, Dec. 1, the blockchain reorganization caused five “double spends” to the value of 125 vertcoin (VTC) worth approximately $29. “Each of the double-spent outputs are coinbase outputs owned by the attacker and it is unknown to whom the coins were originally sent before being swept to an attacker address after the reorg,”
Andreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdotes, and historical precedents effortlessly transliterating the complex issues of blockchain technology out of the abstract
The action began at 3am UTC, with a sell order roughly 6 percent below the market price and hundreds of times larger than the norm on the exchange at that time. As that order fulfilled available bids, the ask price moved lower, dragging the market price down until it reached $6,276, at which point the
Legislation clarifying the legal status of cryptocurrencies, including mining and token sales, was reported to be passing through the State Duma by the end of the last summer session, but has seen delays. Two of three planned bills were passed in 2018, however, one regarding digital rights and the other covering crowdfunding, RIA says.
The central bank conducted three rounds of QE between 2009 and 2015, during which time the S&P 500, a benchmark for risk assets across the globe, rallied by more than 200 percent. Gold, a classic safe-haven asset, rose from $800 to $1,921 in the three years to 2011 only to fall back to $1,050 by
Stepping back, the cryptocurrency ran into selling pressure near $7,350 on Nov. 24 and fell to six-month lows near $6,500 on the following day. The drop, however, was short-lived and prices quickly rose back to $7,380 before printing a UTC close at $7,159 on Nov. 26. The recovery from $6,500 to $7,159 represents the long
BNY Mellon chose Marco Polo because the blockchain works well for open account financing, which makes up around 85 percent of trade finance, and works well for large corporates, Kim said. (In open account transactions, the goods are shipped and delivered before payment is due; with letter-of-credit financing, the bank guarantees a buyer’s payment ahead
Instead of institutional participation, the hype led to a kind of “adverse selection” phenomena, said Lippiatt, attracting people who didn’t have a better option to raise funds, or who had spent a lot of money building blockchain token infrastructure and wanted to follow through with one of their own projects.
The biggest cryptocurrency in the world by market cap started off the year with a rally that went on for six months, but since then, it has been a bit chaotic. On Monday, Bitcoin slumped to its lowest level in six months after the Chinese central bank, The People’s Bank of China (PBOC), launched a
The year commenced with a massive rally in Bitcoin (BTC) that ultimately led to a sustained bull run, and the price of the world’s biggest cryptocurrency eventually reached levels that raised visions of 2017’s climb. However, that eventually came to an end, and the last few months have been pretty tough for the crypto industry
Bitcoin (BTC) bled yet again this week, as the bears assert their dominance in an increasingly volatile market, with BTC losing as much as $400 USD yesterday and tumbling towards the $8,000 milestone. The bearish movement of Bitcoin has been ongoing for months, with the exception of a few relatively small reprieves, and has many
View BTC is on the defensive and may face selling pressure in the run up to the bearish crossover of the 100- and 200-day averages. Prices will likely breach the 50-day average support near $8,550 and extend losses toward $8,000 in the short term. Confirmation of the bear cross may mark an interim bottom in BTC,
The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund. DigitalX, which debuted on the Australian Securities Exchange (ASX) under its previous name DigitalBTC as far back as 2015, announced the new fund on Wednesday. The firm said it’s offering qualifying wholesale and professional investors such
Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. In a notice on its website on Tuesday, the Chicago-based exchange said, as long as it gets the green light from regulators, the options will go live on Jan. 13, 2020. In late October, the firm published details
The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now
View Bitcoin’s consecutive weekly losses and multiple failures at key resistance have shifted risk in favor of a drop to around $8,550 and perhaps as low as $8,000. Daily chart indicators have turned bearish for the first time in over a month, supporting the case for a deeper decline. A high-volume move above $9,335 (descending
Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics,
Bitcoin fell 4.4 percent Friday, slipping below $9,000 for the first time in two weeks. Analysts cited a lack of positive market drivers and speculation that the U.S. Federal Reserve might pause this year’s rate-cutting cycle, which could curb demand for the cryptocurrency as a potential inflation hedge. The price dropped to $8,800 as of
View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout
The Bitcoin Rich List, or the number of addresses holding more than 1,000 BTC, has grown in the past 12 months, possibly reflecting an influx of high-net-worth investors. The metric has registered growth of 30 percent since September 2018, according to Coin Metrics data. Even when adjusted to exclude addresses known to belong to exchanges,
View A four-month falling trendline proved a tough nut to crack during the Asian trading hours and reversed bitcoin’s rise from $9,200 to $9,500. The outlook, however, would turn bearish only below the 200-day average support at $9,127. The pullback from $9,500 to $9,200 lacked volume support and could be short-lived. A high-volume UTC close
View The three-day chart MACD’s first bullish turn in over three months could bode well for bitcoin’s price, according to historical data. The cryptocurrency may challenge the 2019 high above $13,800 before the year’s end. The immediate outlook, however, is bearish and prices could drop to $8,800 in the next day or two, with the
View Bitcoin tends to pick up a strong bid six months ahead of the reward halving, according to historical data. With the halving event due in May 2020, BTC may rise above the recent high of $10,350 in November and could challenge the 2019 high of $13,880 over the next couple of months. Shorter term,
View Bitcoin looks set to post the first monthly gain since June. The percentage rise, however, may be less than 10 percent as the daily chart is reporting signs of buyer exhaustion. A triangle breakdown on the hourly chart, if confirmed, could yield a pullback to support at $8,820. A high-volume contracting triangle breakout will