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Showing posts with the label bitcoin dialy

Bitfinex to Delist Nearly 50 Cryptocurrency Trading Pairs

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Bitfinex, the 11th largest cryptocurrency exchange by daily trading volume, will remove dozens of cryptocurrency trading pairs later this week. According to a March 2 blog post , Bitfinex will remove 46 crypto trading pairs on Friday, March 6 due to low liquidity on the platform. The cryptocurrency exchange noted that the delisting of the trading pairs is a common measure that is expected to improve liquidity on Bitfinex platform and lead to a “more streamlined and optimized trading experience for our users.” The majority of trading pairs that are planned to be removed on Friday include a wide list of altcoins trading against Ether ( ETH ), the second-biggest cryptocurrency by market cap. That list includes about 30 trading pairs including altcoins like OKEx token ( OKB ), Verge ( XVG ) and Nucleus Vision ( NCASH ). Another 16 trading pairs include altcoins trading against Bitcoin ( BTC ), including pairs like Hydro Protocol ( HOT )/BTC and Medicalchain ( MT...

Bitcoin To Hit $100K In 2025, Says Justin Sun, Founder Of Tron

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Justin Sun , the founder and CEO of Tron (TRX), the 15th biggest cryptocurrency by market cap, is investing in a number of cryptos other than Bitcoin (BTC). In a Feb. 23 interview with CNN, Tron CEO said that he is a long-term believer in cryptocurrencies and owns a stake in many altcoins, including the two largest coins after Bitcoin — Ether (ETH) and XRP. When asked whether Sun has its crypto portfolio diversified, the Tron CEO answered: “I own a lot of XRP and Ethereum, too. I’m like a long-term believer of the crypto so I want all crypto assets to succeed. So that’s why I own a lot of other different cryptos as well.” As a major believer in crypto, Sun is bullish on the price of cryptocurrencies and confident that cryptos like Bitcoin are the future of money. In the interview, Tron CEO predicted that Bitcoin will cross $100,000 mark in 2025, emphasizing that other cryptocurrencies will follow the trend. Justin Sun’s $100,000 Bitcoin prediction in his ...

Explained: Elliot Wave Theory

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The underlying theory behind the Elliott wave principle is based around how price moves, which typically is not in a straight line, but in a series of waves. A great analogy would be one that compares an ocean tide coming in as the water rises, and flowing out as the water recedes into the sand below. Within any financial market (including cryptocurrency), every action creates an equal and opposite reaction. When price movement moves up, a contrary downward movement must follow. Price action within any financial marketplace is often divided into trends and corrections (sideways movement). Upward or downward price action will showcase the direction of a trend, while corrections will always move against the trend. These repeating patterns have been shown to occur within all financial marketplaces since the dawn of time. A man by the name of Ralph Nelson Elliott, first discovered these repeating patterns, known as impulsive and corrective waves. He noticed that these impulsi...

Explained: Eclipse Attack

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A blockchain is roughly composed of four modules in terms of its hierarchy: Consensus engine Scripting and virtual execution environment Transactions, block and chain logics Peer-to-peer network Most research on associated topics has engrossed on the consensus engine (to improve transaction throughput) and the scripting language (to make blockchains more useful), leaving the properties of peer-to-peer network largely unexplored. The security properties of a blockchain actually hinges on the peer-to-peer network. Research on eclipse attack was started by Ethan Heilman, Alison Kendler, Aviv Zohar, and Sharon Goldberg in 2015. Their research illustrated the first attack against Bitcoin’s peer-to-peer network by controlling hundreds of nodes, which is modeled as an unstructured random graph in their research paper. Another interesting research paper titled “Low-Resource Eclipse Attacks on Ethereum’s Peer-to-Peer Network” demonstrated the feasibility of launching eclipse attac...

Weekly News Overview: Cryptocurrency

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Zermatt Switzerland Accepts Tax Payments In Bitcoin Source: https://cointelegraph.com/ According to an announcement by Bitcoin Suisse, Zermatt started accepting Bitcoin as a means of payment for local taxes and transactions on Jan. 28, 2020. By partnering with Bitcoin Suisse, the authorities of Zermatt are now able to convert taxpayers’ Bitcoin into Swiss francs through Bitcoin Suisse which then transfers the amount in fiat curren cy to the municipality’s bank account. Bank of Japan Must Be Prepared To Release Digital Currency Source: https://www.coindesk.com/ The deputy governor of the Bank of Japan has said the institution must be ready to issue a central bank digital currency (CBDC) should public demand surge in response to technical developments. In a strong statement of a future-oriented vision for the bank, Masayoshi Amamiya told attendees at a seminar — as per a Reuters report on Jan. 30 Bittrex Secures UDS 300 Million Insurance For Cryptocurrencies In ...