CryptoTraderNews Archives - CryptoCurrencyWire

TuesdayFeb 11, 2020 11:49 am

Altcoin Magazine to become The Capital and Revolutionize Financial News

The widely recognized cryptocurrency publication Altcoin Magazine has officially rebranded as The Capital. While this may appear to be a simple marketing strategy, this strategic shift will serve as a major turning point for both the company and for the global cryptocurrency community as well. Before we talk about how The Capital will serve users in a much improved way, let’s do a quick recap of factual information that readers should be aware of. Altcoin Magazine has, until now, been running on the Medium platform. Crypto, Trader, News.‘ COO, Tony Lewis, already wrote a piece explaining why companies and writers should stay as far away from Medium as possible. It might…

MondayFeb 10, 2020 12:02 pm

How Many People Own Bitcoin?

For Bitcoin traders and investors, one of the most important signals is the cryptocurrency’s health which is indicated by number of Bitcoin wallets, transactions, and market capitalization, pretty much in that order. Since its infrastructure is mostly fragmented and there is no specific dev team working on it, it is actually quite difficult to find an exact number of Bitcoin holders but we have sorted through available information on the blockchain to give a fairly close approximation based on a few important facts that are considered. There are 42 million Blockchain Wallet Holders as of 2019. The number of Blockchain…

ThursdayFeb 06, 2020 12:55 pm

Novogratz is Skeptical About Altcoin Rally

Novogratz is popular in the crypto community as a Bitcoin bull and recently on Crypto Twitter, he tweeted that he is struggling to understand the altcoin rally. Though many investors have booked profits in the rally, nothing changes the fact that this may also be labelled as a bubble. The altcoin rally was much awaited throughout 2019 but the start of 2020 thus far is conducive as investor enthusiasm remains high. This may be surprising but yes, the general investor sentiment is positive. While many on Crypto Twitter rushed to give an explanation for the rally – or buy Novogratz…

WednesdayFeb 05, 2020 12:16 pm

Proof of Trust Goes Public in London

The Proof of Trust movement started by a few influencers on crypto Twitter is no longer limited to social media. It is now taking the shape of an event in London. Proof of Trust Ltd., a firm that claims to be developing an “anti-collusion algorithm” designed to enable more effective and trustworthy use of blockchain technology and smart contracts has announced that its planning to float its shares on the Main Market of the London Stock Exchange. This may be a first for the firm. Use of arbitration for dispute resolution isn’t entirely innovative, however using this to validate transactions…

MondayFeb 03, 2020 11:52 am

Shark Tank’s Mr. Wonderful Backs Blockchain Book

Entrepreneur Kevin O’Leary Recommends Behold the Cryptopreneurs by Dennis H. Lewis Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where the new book, BEHOLD THE CRYPTOPRENEURS comes in. Canadian businessman, author, and television personality, Kevin O’Leary, also known as “Mr. Wonderful” from the hit television show Shark Tank, has said this: “Dennis Lewis, who just launched his new book ‘Behold the Cryptopreneurs’ is all about using…

FridayJan 31, 2020 10:19 am

Ethereum 2020

Ethereum is the second largest cryptocurrency by market capitalization and its market cap is $17 trillion currently. The altcoin is performing well with BUIDL week coming closer and Ethereum 2.0 plans underway. If you are currently invested in ETH, checkout what’s in store, in this article. Currently, Ethereum’s ROI is 5658.46% and the coin has dropped 2.94% in value over the past 24 hours. It is trading at $163.06. While no analyst can completely predict the price of Ethereum, it is possible to analyse technical charts and make predictions. ConsenSys Co-founder Andrew Keys has been quoted saying that Ethereum’s Serenity…

ThursdayJan 30, 2020 12:11 pm

Anchorage Acquires Merkle Data

No, we’re not talking about Alaska. Anchorage is a San-Francisco based firm providing its institutional custody services since 2017. Anchorage’s rivals are BitGo, Fidelity and Bakkt, to give you a clue what they do. They specialize in allowing investors to safely hold and use digital assets. The firm is also a founding member of the Libra Association, an independent not-for-profit group responsible for the operation and governance of the Libra network. The firm joined the Blockchain Association and Crypto Rating Council that consists of the leading crypto businesses committed to practical compliance with the U.S. securities laws. Back in mid…

WednesdayJan 29, 2020 10:11 am

“Crypto Dad” Creates Nonprofit to Promote U.S. CBDC

A former U.S. regulator, known as “Crypto Dad” recently announced the formation of a non-profit think tank, “the digital dollar”. This will back the adoption of the centrally issued digital currency by the U.S. authorities. If you’re wondering how a U.S. regulator came to be “Crypto Dad”, keep reading. J. Christopher (“Chris”) Giancarlo retired from his post as the Chair of the Commodity Futures Trading Commission (CFTC) in 2019 and formed the Digital Dollar Foundation. Crypto Dad’s partners were investor Charles Giancarlo and Daniel Gorfine, former Director of LabCFTC and Chief Innovation Officer of the U.S. Commodity Futures Trading Commission.…

TuesdayJan 28, 2020 12:03 pm

British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout

The target associated with the ransomware assault had paid $950,000 in bitcoin into the perpetrator through an insurance organization, in accordance with a filing published a week ago because of the The United Kingdom and Wales High Court (Commercial Court) and first reported by brand new Money Review. Although some associated with bitcoin ended up being changed into fiat money, the remainder has been sent to an address regarding the Bitfinex platform. The judge bought Bitfinex to freeze the target and share its know-your-customer (KYC) information on the account’s owner. The prey, an unnamed firm, had been informed to cover…

MondayJan 27, 2020 11:36 am

Does Bitcoin Solve the Wealth Gap?

The dialogue of universal basic income and the wealth gap has been on for over a decade. Since Bitcoin was introduced to the world in 2009, there has been speculation around its role in UBI and equitable wealth distribution. In a recent blog published by Bill Gates, about his reflections on 2019, he highlighted the unfair distribution of wealth. However, many experts have shared research and insights on how Bitcoin can solve the issue of wealth gap. If you’re wondering exactly how an infrastructure and tech heavy currency like Bitcoin will solve the problem of the wealth gap, let’s find…