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Archiv für Oktober 2019

XRP Volume Lower Than EOS, Still in Top 3

Ripple’s XRP had a dismal year so far. Volumes reach around $1.6 billion per day, a comparatively weak result for a top 3 coin. Low Volumes Among Top Coins XRP saw its volumes sink even below those of EOS, which trades at $2.6 billion per day. The asset, however, remains near the top. The asset…

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What Another Fed Rate Cut Means For Crypto?

For the third time this year, the US Federal Reserve has cut interest rates amid a global economic slowdown. Crypto markets did not react to the news but the outlook for the global economy is darkening as another recession looms. What does all of this mean for crypto though? Third Cut This Year This week…

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Libra: Should Zuckerberg Thank Xi for Creating FOMO?

Last week, Chinese President Xi Jinping praised blockchain while the congress passed a new cryptography law in a bid to develop a state-backed digital currency. Crypto enthusiasts expect that China’s revival will convert into a big hope for Libra amid general FOMO. Primitive Ventures Co-Founder, Dovey Wan, claims that the comments made by Chinese president…

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Why Bitcoin Mining is Still a Very Lucrative Venture

Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and is not as ‘top heavy’. BTC mining, on the other hand, has had a much smoother ride in recent years. Cumulative Bitcoin Mining Revenue Tops…

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Is China’s Blockchain Future A Brave New World Or Orwellian Dystopia?

Last week, China’s President Xi Jinping nailed his colors firmly to the blockchain post, urging accelerated adoption of the technology. The announcement excited investors in Bitcoin and tech stocks, but the first ‘official’ output is slightly more ominous. China’s Communist Party (CCP) has released a decentralized app (dApp) for members to pledge their allegiance to the…

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Ethereum Network Not Rolled Back After DAO Hack

The Ethereum (ETH) network was not really rolled back after the DAO hack, explained the project’s co-founder, Vitalik Buterin. Instead, the record was altered in the state of the DAO. The “Surgical Intervention” Did Not Roll Back General Transactions Innocent users did not see any of their transactions invalidated and rolled back, explained Buterin. Instead,…

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China Digital Currency Will Replace SWIFT: Huang Qifan

China’s plans to create a sovereign digital currency might be aimed towards eradicating the need for U.S.-controlled payment systems like the Society for Worldwide Interbank Financial Telecommunications (SWIFT). SWIFT and CHIPS Systems Have No Future Speaking at the Bund Financial Summit in Shanghai, Huang Qifan the vice chairman of the China Center for International Economic…

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