Since its inception, one of the major goals of the cryptocurrency community has been the adoption of Bitcoin as a payment method for goods and services. As it stands now, consumers can use Bitcoin across a number of industries to purchase everything from real estate, to PCs, to pizza. However, Bitcoin’s high transaction costs, deflationary nature, and full transparency represent some of the shortcomings that prevent Bitcoin from seeing widespread merchant adoption. As such, enthusiasts, consumers, and producers alike have gotten behind a number of altcoins as mediums of exchange for a variety of uses. While Bitcoin acted as the catalyst for the firstPowered by WPeMatico
China’s government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn’t mean, however, they’re not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of over two dozen crypto assets, […]
It seems that drama and excitement are reaching new heights in the Verge world. After an announced partnership with Pornhub, the community is now looking toward the future. A potential partnership with Spotify will certainly introduce a lot of changes, but it seems unlikely this altcoin will be successful in achieving that goal. Verge and Spotify Deal Remains Unlikely It has to be said that interesting partnerships are forged in the cryptocurrency world quite regularly. In such cases, the momentum and hype can elevate a particular currency to a whole new level in short order. In the case of Verge, the reality
If there’s one thing that rival cryptocurrency factions can agree on, it’s their mutual dislike of one other. Everything else is up for debate, and not calm, reasonable debate, but the sort of fevered in-fighting that makes the crypto community resemble an unruly rabble. This internecine squabbling has arguably done more to hinder cryptocurrency adoption […]
The web’s favorite crowdsourced encyclopedia has just edited its own behavioral guidelines. Wikipedia’s “Conflict of interest” (COI) page outlining etiquette for its 140,000 active editors now includes a reference to cryptocurrency. If you’re editing pages about crypto, the mere act of owning cryptocurrency may preclude you from doing so. Also read: Telegram Urges Paper Airplane Protest, […]
There is no shortage of ambition in the world of cryptocurrency. A lot of alternative cryptocurrencies aim to become the next Bitcoin, even though they will face a major uphill battle. For fans of the Verge altcoin, a new petition has gone live in order to see XVG added to Adyen. Another Potentially Useless Altcoin Petition When it comes to ensuring altcoins gain traction, there are various ways to go about things, though most efforts will prove to be unsuccessful in the long run. We have seen numerous petitions created on Change.org, even though they have all fallen short of making a meaningful
As Bitcoin holds above US$8,000, altcoins are seeing increasing support and continual growth. The past week has shown the first sustained period of growth in recent months, as the global cryptocurrency market cap has seen more than 25% growth since last Tuesday. Bitcoin (BTC) has seen a modest increase of 1% in the past 24 hours, and is currently trading at US$8,075. While this is by no means an exciting growth, the relative growth of altcoins versus Bitcoin is exciting. Of the top 100 currencies on Coinmarketcap (excluding BTC and Tether), only 15 have failed to outperform Bitcoin in the
While it may be premature, many are suggesting that a true reversal is finally taking place. As Bitcoin establishes higher lows, and more and more altcoins are seeing huge appreciations, there seems to be evidence to suggest the bears are being driven out. Coupled with abundant, positive news recently, it’s possible that the extended red will soon turn green. Last week, Bitcoin (BTC) held support at US$6,600. More recently, floors were established at $6,700, and days later $6,800. Today, Bitcoin is holding above the $6,900 mark, and is gradually pushing towards a renewed support at $7,000. This growth has been