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This year hasn’t been the best for cryptocurrencies. Things seem to have gone from bad to worst over the months since the beginning of the year after the prices started falling from the all-time highs. Last month, there was a lot of positive sentiment in the market that left investors optimistic once again. Unfortunately, things are becoming bleak. The trading volume of this weekend was relatively low for the entire market. Stellar, however, recorded significant gains this weekend. Even if it was unable to cross the $0.3 level, it was able to move above the $0.27 level which it hasn’t come near in a while. Stellar Faces Ecosystem Challenges Cryptocurrency social media hasn’t been saying good things about Stellar. There are a lot of people in crypto-twitter who aren’t intrigued by the rise in the price of XLM but are concerned about some developmental issues within the ecosystem. For starters, some cryptocurrency enthusiasts are worried about the fork Stellar team created. One user kno..
The cryptocurrency market has been bearish for a while now. Cryptocurrencies have hit lower lows due to the bearish pressure in the market. For this reason, price surges caused by bulls are highly needed and appreciated by the cryptocurrency community. The past 24 hours have been marked by such a surge. Starting, from Bitcoin (BTC), there has been bullish pressure in the market. Of all the coins that have recorded gains, Bitcoin Cash (BCH) has recorded the highest gains against the USD. Bitcoin Cash (BCH) Price Today – BCH / USD Name Price24H (%)$6,476.99 -0.29%$440.98 -0.32% Bitcoin Cash (BCH) Price Analysis Between Sunday and today, Bitcoin Cash has gone up by up to 32%. Yesterday evening, the cryptocurrency traded as high as $623 hitting a two-month high. The fourth largest coin per market capitalization is still on a bull run this morning even if the price has corrected lower by a few points. The price surge is noteworthy because Bitcoin Cash was hovering around $425. It hit thi..
Crypto investment firm Grayscale Investments Inc. has raised almost $330 million in annual revenue as of the third quarter 2018, despite a prevailing bear market. Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market. In the report, Grayscale highlights that it raised $81.1 million over the last three months, which brought the firm’s year-to-date inflows to almost $330 million, representing an increase of almost 1,200 percent from the same period in 2017, when the company raised $25.4 million. The current year is the strongest Grayscale has experienced during any calendar year since the beginning of its activity. Grayscale cumulative inflows by investment product chart. Source: Grayscale In Q3, institutional investment contribution reportedly increased to 70 percent, however, in ..
Red Belly Blockchain reaches 30,000 transactions per second while tested on Amazon Cloud, according to an Australian science agency report. A blockchain system developed by Australia’s national science agency (CSIRO) and Sydney University claims to have set a benchmark of 30,000 transactions per second during a test on Amazon Cloud, according to CSIRO’s Tuesday, September 25 press release. The technology arm of CSIRO, Data61, and the Concurrent Systems Research Group at the University of Sydney created Red Belly Blockchain as a “graduate” from CSIRO’s Pre-accelerator program ON prime. CSIRO and the Concurrent Systems Research Group announced the first outcome of its experiment held on Amazon Web Services (AWS) cloud infrastructure. Red Belly Blockchain was tested on 1,000 machines in 18 regions, including North and South Americas, Australia, and Europe. As per the CSIRO report, Red Belly Blockchain was reportedly able to operate 30,000 transactions per second from different locations,..
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