Tag Archives: cryptocurrency

Grin Network Executes First Hard Fork in Bid to Decentralize Mining Power

Grin Network Executes First Hard Fork in Bid to Decentralize Mining Power

Privacy-oriented cryptocurrency Grin has just executed its first backward-incompatible upgrade, also called a hard fork. Today’s planned upgrade introduces key changes to the nearly $60-million network that will optimize for maximum miner decentralization and usability. Grin launched in January 2019. “It was planned since way before Grin launched,” Grin developer John Tromp told CoinDesk. “We would do four hard […]

Ripple’s David Schwartz Believes Uber & Amazon Should Adopt XRP For Payments

Ripple’s David Schwartz Believes Uber & Amazon Should Adopt XRP For Payments

The chief technology officer at Ripple, David Schwartz recently sat down at the recent WeAreDevelopers conference which took place in Berlin where he said some of the globe’s biggest companies are able to benefit from the use of crypto and other digital assets. Schwartz went onto talk about Ripple’s work with the numerous financial institutions and banks which improve the […]

Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra

Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra

Bitcoin is falling like dead weight in the air following the break under $10,000 support. As discussed earlier the price retreated from the region above $11,000. The increasing selling pressure has overwhelmed the diminishing buying pressure to the extent that BTC/USD is trading at new July lows. The bleeding is happening amid the ongoing US Senate hearing […]

WHAT’S BEHIND RECENT GAINS FOR BITCOIN, ETHEREUM, RIPPLE’S XRP AND LITECOIN?

WHAT’S BEHIND RECENT GAINS FOR BITCOIN, ETHEREUM, RIPPLE’S XRP AND LITECOIN?

The year 2019 has been slow for most digital currencies. At the beginning of the year, Bitcoin, Ethereum, Litecoin and Ripple (XRP) maintained the same low price points as the end of the previous year. This was largely owing to a long-running market correction following the post-2017 crypto boom. However, things seemed to pick up in the past few […]

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with its Libra offering, […]

Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios

Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios

Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That’s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date. Bitcoin Price Analysis Fundamentals There are diverse opinions as far as what Bitcoin is. Generally, there is a consensus that BTC is first a medium of exchange and […]

Fold App Enables Bitcoin Lightning Payments at Whole Foods, Starbucks

Fold App Enables Bitcoin Lightning Payments at Whole Foods, Starbucks

Fold, a payments platform, is introducing a lightning network protocol that will allegedly enable users to shop in-store or online at several retailers, including Starbucks, Whole Foods, AMC, Home Depot, and Southwest Airlines. Though customers will transact in bitcoin, the payments will be settled in whatever currency the merchant chooses. This eliminates the risk of […]