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Stablecoins Are Crypto’s Version of Fractional Reserve Banking

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Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, … Read more

Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

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During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High … Read more

Market Update: Crypto Traders Search for Bullish and Bearish Trends

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During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether … Read more

Market Update: Bears Claw Crypto Prices Below Long-Term Support

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Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to … Read more

Longhash Claims There was no Whale Manipulating the Bitcoin Price in 2017

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There are still plenty of people who believe the 2017 crypto price surge was a massive manipulation effort. LongHash researchers now indicate the “one whale theory” can’t be true, for a variety of reasons. In the research document, the company explains what really happened to the Bitcoin price during the 2017 rally.  There is no … Read more

Market Update: Crypto Prices Hold Steady After Massive Bullish Spike

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Digital currency markets are coasting along after an enormous move on Friday of more than 20-40%. The entire cryptoconomy is hovering around $249 billion as it gained a whopping $30 billion very quickly this week. Crypto prices corrected a touch since the spike, but are still well above the lows seen just a few days … Read more