Category: Analysis

Will interoperability render Ethereum 2.0 redundant?

The Ethereum community has had a long wait for the much-anticipated Ethereum 2.0 upgrade. After several years of delays. July is the targeted date for the move to proof-of-stake, provoking wild speculation about a bull run in the price of ether. It does seem reasonable to assume that the proof-of-stake implementation, known as Beacon Chain,…

May 13, 2020
Report: Traders move to XRP for cross-exchange transactions increase whenever ETH transaction fees surge

An Xpring report on May 13 stated XRP exchanges see increased inflow/outflow volumes whenever Bitcoin and Ethereum networks are hit by surging transaction fees and congestion. Traders move to XRP during crunch While the sample sizes in terms of days were not specified, Xpring notes XRP cross-exchange transactions went up significantly when Ethereum — widely-used…

May 13, 2020
Research explores how Zcash and other privacy coins can de-anonymize users, suggests defenses

Research by an independent group claims possible vulnerabilities in Zcash’s metadata, mainly due to certain procedures used by the protocol that blockchain attackers could potentially exploit. Others, such as Bitcoin forked coins and MimbleWimble-based currencies face similar threats. However, the research noted Zcash’s zk-snark protocol remains sound, and no critical threat to the blockchain can…

May 13, 2020
Bullish for Bitcoin: Federal Reserve branch researches “controlled rise of inflation”

On Monday, the latest Bitcoin block reward halving finally arrived, decreasing the inflation rate of the BTC monetary base by 50 percent to ~1.6 percent — under the target inflation rate of fiat currencies and under the growth of the above-ground supply of gold. It’s fitting, then, that around the time of the block reward…

May 12, 2020
Economist: Bitcoin passing $20,000 could lead to a wild 150% run in “little time”

When (or if) Bitcoin returns to the $20,000 high it established in December 2017, a “wild run” could follow suit that will bring the cryptocurrency to new heights far above the last all-time high, a top trader has suggested. Bitcoin breaking $20,000 could cause a “wild run” predicated on FOMO In a comment made on…

May 12, 2020
Bitcoin goes through the “most brutal” halving ever recorded; here’s why

One of the most anticipated events of 2020 within the cryptocurrency industry has taken place. Bitcoin underwent its third halving after AntPool successfully found block 630,000. Now, the rate of issuance of the flagship cryptocurrency has dropped by 50 percent. Consequently, miners will be rewarded 6.25 BTC per block for the next four years, which…

May 12, 2020
Paul Tudor Jones isn’t the only billionaire who thinks Bitcoin is like gold in the 1970s

The crypto industry was pleased to learn that legendary macro investor Paul Tudor Jones believes that Bitcoin poses an attractive investment prospect. The comments regarding BTC came within an investment note regarding the current global economic outlook. He even went so far as to note that the cryptocurrency could be similar to gold in the…

May 12, 2020
Will fundamental strength stop Chainlink from breaking key macro growth curve?

Chainlink’s immense bullishness throughout 2019 and 2020 has coincided with the emergence of a prominent growth curve that has been guiding it higher. The reactions LINK posts to tests of this curve have been quite significant in the past, with it acting as a catalyst for some of its largest parabolic swings. It does appear…

May 11, 2020
Sorry bulls: On-chain metrics show Bitcoin is highly bearish ahead of halving

Bitcoin’s halving is finally here. After years of waiting, the long-awaited event has arrived that will see the number of coins issued per block cut in half — hence “halving — from 12.5 to 6.25. Although BTC investors on Twitter and other forums are claiming they’re over the moon about the halving, on-chain data paints…

May 11, 2020
ConsenSys survey finds 65 percent HODLers want to stake after ETH 2.0, expect 7 percent annual returns

Ethereum’s much-awaited 2.0 “Serenity” update, rumored for a July 2020 launch, presumably marks a new era for staking applications. ETH fanatics, at least on social media, look forward to passive returns compared to the popular buy-and-hold alternative. A ConsenSys survey completed last week delved into such specifics, concluding most Ethereum holders do, in fact, want…

May 11, 2020