1000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network
A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network. Go to Source Powered by WPeMatico
$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’
Cryptocurrency hedge funds’ assets under management have been increasing significantly, rising to more than $2 billion at the end of last year, according to a recent survey. The crypto hedge fund industry is expected to “grow significantly” along with the price of bitcoin. Hedge Funds’ AUMs Doubled in 2019 Cryptocurrency hedge funds’ assets under management … Read more
Most Transactions on XRP, EOS and Tezos Don’t Transfer Any Value
Most transactions on XRP, EOS, and XTZ do not transfer any value, according to a new research study. Go to Source Powered by WPeMatico
Cambodia’s New DLT Payments Network Aims to Undermine US Dollar
The director-general of the National Bank of Cambodia revealed that the central bank’s DLT payments platform will go live by the end of the year. Go to Source Powered by WPeMatico
Monero Reaches a Daily Transaction All-time High
Whether one likes or dislikes privacy currencies, they seem to find their niche in many different ways. For Monero, a new all-time high in daily transactions was recorded last week, further confirming the potential of this project. There are many reasons as to why privacy-oriented crypto assets really matter. Ongoing Transaction Growth for Monero They … Read more
Bitcoin Miner Riot Blockchain Racks Up $221 Million Deficit
Despite increasing revenue, Riot Blockchain’s first-quarter financials reveal that the company has relied on equity and debt financing to fund its operations. Go to Source Powered by WPeMatico
Most Crypto Users Think QuadrigaCX CEO Faked Own Death
Viewers polled at Consensus: Distributed believe Gerald Cotten from the defunct crypto exchange QuadrigaCX may still be alive. Go to Source Powered by WPeMatico
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 … Read more
Craig Wright Threatened to Crash The Bitcoin Price … So What Happened?
There are many halving predictions yet to come true — among them Satoshi claimant Dr Craig Wright’s ‘long term advance notice’ from 2018 that he would crash the Bitcoin price. Go to Source Powered by WPeMatico
