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Despite a significant uptick in the creation of decentralized crypto exchanges in 2018, their centralized counterparts continue to control the vast majority of industry trade volumes. Despite a significant uptick in the creation of decentralized crypto exchanges (DEX) in 2018, their centralized counterparts continue to control the lion’s share of global industry trade volumes. The finding was reported in the 2018 Cryptocurrency Exchange Annual Report from crypto and blockchain research organization TokenInsight, shared with Cointelegraph Jan. 21. TokenInsight’s report, which has reportedly analyzed data from over 400 global crypto exchanges, indicates that DEX account for just 19 percent of the global exchange ecosystem. Further, the trading volumes on DEX amount to less than 1 percent of those on centralized exchanges. Global crypto exchange ecosystem analysis from TokenInsight The low figures come despite TokenInsight’s analysis that DEX platforms gained significant industry tracti..
The Winklevoss twins have always been contributors to the cryptocurrency industry. They’ve always been happy to give their predictions about the cryptocurrency community. From time, Tyler and Cameron, the owners of the regulatory-centric cryptocurrency exchange, Gemini, have always been bullish about Bitcoin. This weekend, during the ask-me-anything segment on Reddit, Cameron Winklevoss said that he expects Bitcoin to surpass gold in market capitalization. Keep in mind that gold currently has a $7 trillion capitalization while Bitcoin is struggling to stay above $60 billion. In his words: “We are still bullish about Bitcoin. We know Bitcoin is better than gold. If our theory is right, in time, Bitcoin’s market capitalization will surpass gold’s $7 trillion.” Bitcoin (BTC) Future Prediction Saying Bitcoin will surpass gold is the height of any bullish sentiment towards the world’s foremost cryptocurrency. The question, however, is, how expensive will a single Bitcoin be when its mark..
Cryptocurrencies are seeing price weakness across the board, with the top ten coins losing between 3 and 6 percent on the day, and Bitcoin down to around $3,570. Monday, Jan. 21: cryptocurrencies are seeing price weakness across the board, with virtually all of the top 100 coins by market cap tipping into the red.Top ten coins have lost between 3 and 7 percent on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down about 4 percent on the day to press time, slipping from a 24-hour high of ~$3,755 to its current price point around $3,570. Despite a jagged week of fleeting gains, the top coin has now come virtually full circle on its 7-day chart, and is trading just 0.5 percent down on the week. Monthly losses are nonetheless at a heftier 11 percent, according to CoinMarketCap. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP), currently the largest altcoin by market cap, is down fractionally less, shedding 3.4 percent on the day to tra..
Tether (USDT) is the first ever stablecoin in the industry. Over time, there has been a lot of controversy surrounding Tether. New stablecoins have been created since then but statistics from CryptoCompare show that Tether is still the dominant stablecoin in the market. A study that was recently conducted by the cryptocurrency market data provider, showed that Tether still represents the majority of the trading volume. As at December 2018, USDT accounted for up to 65% of the volume. This shows that it increased by 16.5% since November. Tether (USDT) Continues To Dominate The Global Stablecoin Market The USDT to PAX trading volume have seen a tremendous increase by 70% from November to December 2018. This means that PAX present a strong competition for Tether. Regarding the dominant position of stablecoins in Bitcoin trading, both coins made inroads. In October 2018, USDT had 100% of the stablecoin market share. Shortly after, it went to 98%. PAX and other stablecoins have been unable ..
Over the past few months, the entire cryptocurrency market has been on a rollercoaster ride. The price of cryptocurrencies starting with Bitcoin fell significantly from its all-time-high in January 2018. The prices haven’t recovered yet and recovery attempts all seem futile for now. The market may has to get used to the new prices. Cryptocurrency Price Analysis Today Yesterday, there was a slight surge that brought the price of Bitcoin down against the USD. The support at $3550 held the price preventing further decline. At press time, the largest cryptocurrency per market capitalization was down by 1%. The price may remain range bound for sometime before there will be any major change. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$3,630.85 0.47% Over the weekend, BTC moved as high as $3725 against the USD. This was followed by a drop to $3550. At the time of writing, the cryptocurrency was trading at $3,662.19. This shows that it is down by 0.56% against the USD with a tr..
In 2017, many expert predicted that the cryptocurrency industry will achieve great things in 2018. Some predicted that prices will go higher than their all-time-highs by December 2018. Unfortunately, the bears took full control of the entire market throughout the year 2018. In fact, as the end of the year drew closer, things became worse. The bear market was nicknamed crypto winter and it is still on. Prices are yet to fully recover against the USD. This hasn’t stopped industry executives from making 2019 predictions. Travis Scher, the head of investment in Digital Currency Group had something to say about the cryptocurrency market in 2019. Travis Scher Talks About Bitcoin’s 2019 Prediction During a sit down with Business Insider, Scher said that Bitcoin is going to get a boost from Wall Street investors this year. If the price of BTC should rise, the entire cryptocurrency market will follow. This will be the catalyst that will end the extended bear market. With more than three years ..
Russia’s prime minister called on the public to closely observe crypto markets, noting that the bear market in 2018 is not a reason to bury crypto. The massive 2018 bear market is not a reason to bury crypto, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum. Russian news agency TASS reported on Medvedev’s comments yesterday, Jan. 15. Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along with other challenges such as shifts in traditional markets, a rise in protectionism and social inequalities, and the speed and scope of global digital transformation. Speaking at the annual international scientific conference on the economy, Russia’s prime minister and former president urged the public to closely observe the state of the crypto markets. Pointing to the extraordinary volatility volumes in the past year, Medvedev argued that it is not a reason to “bury” cryptocurrencies, stressing that any ..
Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point. Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14. Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000 organizations reported to be currently using its security management system. As reported, stealth crypto mining attacks — also known as cryptojacking — work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to Check Point’s Global Threat Index for December 2018, the top three most wanted malware strains were all cryptojacking-related — with Coinhive, a web browser-based Monero (XMR) mining code — sealing the top spot for the 13th consecutive month. Ranked second and..
Tron [TRX] leads the cryptocurrency top coins today after a surprising hike in its price of more than 8 percent in the last 24 hours. Apart from Tron, other top cryptocurrencies are in red having suffered varying prices losses since yesterday. Name Price24H (%)$3,517.46 -2.27% Bitcoin [BTC] Price Update At the time of writing, bitcoin is trading at $3,579 to the U.S. dollar—that is just over 2 percent worse than it traded in the last 24 hours. Bitcoin dominance still hovers around 52 percent which shows the market is still largely a reflection BTC performance. Name Price24H (%)$115.93 -5.97% Ethereum [ETH] Price Watch Constantinople, the planned hardfork of the ethereum network set to activate tomorrow has done little to spur the ETH market. Going into the upgrade, Ethereum’s native token Ether lost more than 5 percent of its value since yesterday now valued at $119. Its total market cap is just over $12.4 billion, still lower than Ripple’s XRP which stands above $13 billion. ETH..
Bitmain’s CEOs might be stepping down because of the bear market. On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last quarter of 2018. So what exactly is happening with one of the world’s most influential crypto outfits? Brief introduction to Bitmain, the world’s most powerful crypto mining giantBitmain was founded in 2013 by Jihan Wu and Micree Zhan Ketuan. Prior to that, Wu was a private equity fund manager who studied economics and psychology at Peking University, while Zhan, a graduate of the Chinese Academy of Sciences, was trying to raise funds for a startup that allowed users to stream television shows to a computer screen via a set-top box. After discovering Bitcoin (BTC) in early 2011,..