UTC-05:00,Sunday , May 24th 2020
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Today ,Sunday,May 24, 2020
  • 17:54 Weekly News Roundup, May 18 – May 24: Steem Had New Hard Fork, Positive BTC Addresses Over 30M

    [Policy]
    1. The Bank of Korea will apply decentralized technology in the experiment of the CBDC;
    2. Brazil will rule on whether some of the largest banks in the country wrongly locked the nation's nascent crypto scene out of financial services;
    3. The Russian government is moving to criminalize Bitcoin transactions by proposing new legislation controlling digital currencies;
    4. Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill.
    [Cryptocurrency]
    1. Bitcoin (BTC) wallets with a positive address have crossed 30 million for the first time — but less than 1% contain even 10 BTC;
    2. Block.one will cast their first vote with EOS next week;
    3. USDT has become the third-largest cryptocurrency by market cap, followed by XRP, BCH, and BSV;
    4. Steem completed a new hard fork, but $5.7 million worth of STEEM tokens was stolen during the hard fork.
    [Exchange & Wallet]
    1. PIEXGO will close the current platform, and users should withdraw their assets within a specified time limit;
    2. Huobi now allows users to buy cryptocurrencies with credit and debit cards;
    3. The stolen ETH of UPbit has been emptied from the core deposit addresses, leaving only about a thousand ETH;
    4. Binance is trying its hand at decentralized stablecoin governance by joining the distributed oversight team that approves contracts and code changes on Equilibrium, a DeFi outfit behind the EOSDT stablecoin.
    [Others]
    1. The Official Monetary and Financial Institutions Forum (OMFIF) announced the launch of its Digital Monetary Institute earlier this month;
    2. Grayscale Investments has reached a new all-time high in assets under management, totaling $3.8 billion;
    3. Bitcoin miner manufacturer Canaan is expected to report an 80 percent revenue loss in Q1 2020 compared to the previous year in its upcoming earnings report;
    4. Japan's top credit card issuer JCB is partnering with local venture capital firm TECHFUND to create a sustainable blockchain-based transaction system.
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  • 16:04 China's Congress Proposes Blockchain Development Fund

    According to a Beijing News' report on May 23, TAN Jieqing, deputy to the National People's Congress, or NPC, suggested setting up a special fund for blockchain industry development. If accepted, this fund would be led by the government.
    The aim of the fund is to support the development and growth of a number of promising blockchain enterprises, encourage blockchain technology innovation, and cultivate a number of unicorn enterprises in the blockchain space, says TAN.
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  • 16:01 BTC Mining Difficulty To Decrease To 13.36 T

    According to BTC.com, as of 20:58 UTC on May 24, the number of Bitcoin unconfirmed transactions reports 9,632. The BTC mining difficulty is estimated to decrease by 11.76% to 13.36 T in 11 days and 18 hours from the current 15.14 T. The 24-hour transaction rate of BTC marks 3.21 txs/s and the hashrate reports 92.55 EH/s.
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  • 15:30 Bitcoin: Africa Might Become The Leading Crypto Continent In The Future

    According to recent data from analytics site Useful Tulips, users in Africa traded around $14 million across P2P platforms, such as LocalBitcoins and Paxful.
    The search volume for Bitcoin has also peaked in the past year as per Google Trends. As a result, a lot of notable crypto enthusiasts are eyeing African crypto markets at the moment, with Twitter CEO Jack Dorsey being a prominent one.
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  • 14:26 BTC Regains 9000 USDT

    BTC has gone back to the 9,000 USDT threshold on Boboo.com, currently marking 9,015.89 USDT.
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 14:00 Nic Carter: Many Underestimate The Ways Bitcoin Blockspace Supports More Transactions

    Nic Carter, co-founder of Coin Metrics, stated on Twitter that many people underestimate the ways Bitcoin blockspace supports more txns today relative to 2017.
    He detailed the following aspects:
    1. Simply more space (2-3x more thanks to SW);
    2. Batching + SW outputs more common;
    3. Fee estimation better (no feedback loop);
    4. Optech bridges industry & core.
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  • 13:49 1901 BTC Moved Out Of OKEx

    According to Whale Alert, at 18:17:16 UTC on May 24, 1,901 BTC ($16,904,758 USD) were transferred from multiple OKEx addresses to an unknown address starting with 3Kzh9q.
    The transaction hash is 71038f310454a0642063a790d3b4ddca3984030af7134dbe5b6debbf3a8f436d.
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  • 13:18 Jason A. Williams: Bitcoin Is A Ponzi

    Jason A. Williams, the co-founder of Morgan Creek Digital, claimed on Twitter, "Bitcoin is a Ponzi." Later, he added in a comment reply, "I am body bagging bitcoin haters."
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  • 13:08 CoinNess Market Surveillance May 24: BTC Drops Below $9000 Level

    As of 18:00 (UTC) on May 24, the global price index of Bitcoin (BTC) has dropped below the $9,000 level. At present, the coin marks $8,957.61 with a decrease of 2.42% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Sell" with 13 indicators sending out selling signals, three showing neutral signals, and two indicating buying signals.
    The broad market is bearish, with 83 out of Top 100 cryptos by market cap dropping.
    The global market cap reads $250.30 billion, and the 24-hour trading volume is $101.02 billion.
    Major Coins
    1. BTC quotes show 8,936.17 USDT on Binance, $8,930.10 on Bitfinex, $8,934.50 on Coinbase Pro and 8,939.09 USDT on Boboo.com;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $204.43 (-1.44%); XRP marks $0.1962 (-1.48%); BCH marks $227.56 (-2.84%); LTC marks $42.91 (-2.32%); EOS marks $2.54 (-1.41%); ETC marks $6.63 (+1.30%).
    Top 3 Gainers and Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: TFUEL (+106.08%), THETA (+18.96%), and STX (+10.62%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: UBT (-12.76%), OMG (-10.43%), and ZEN (-9.78%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: ETH (+$60.47 mln), BCH (+$20.96 mln), and ETC (+$20.44 mln);
    2. Top 3 capital outflows within the last 24 hours: BTC (-$41.13 mln), BNB (-$11.36 mln), and BSV (-$4.65 mln);
    3. Net inflows/outflows of exchanges: Binance (-$63.12 mln), Bitfinex (-$9.02 mln), and Coinbase Pro (-$13.47 mln).
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  • 12:57 Bitcoin Advisory Founder: Best Insurance Is Holding A Whole Bitcoin

    Pierre Rochard, founder of Bitcoin Advisory, stated that the best insurance in the world is holding a whole Bitcoin. The second best is holding a fraction of a Bitcoin, 1 Bitcoin is divisible into 100,000,000 satoshis, he continued.
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  • 12:54 Analyst: Miners Selling More Bitcoin Than They Mine

    Crypto analyst Joseph Young said via Twitter that data shows miners are selling more Bitcoin than they mine.
    "Considering that, the continuous increase in BTC inflow into OKEx is interesting. Many big miners are based in China and it makes me think miners are selling quite hard. Cost of mining is ~$12.5k, TradeBlock estimates," he added.
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  • 11:42 BTC Falls Below 8900 USDT

    Citing data from Boboo.com, BTC has fallen below the 8,900 USDT level, currently marking 8,886.56 USDT.
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 11:32 Blockstream CEO: Bitcoin's Layered Solution's Allows New Features With Limited Trade-Offs

    In a recent episode of a podcast, Adam Back, CEO and co-founder of Blockstream discussed the role of layered solutions like the Liquid Network and the Lightning Network in Bitcoin's ecosystem and what it means to BTC's fundamental tenets of decentralization. Back argued that in the case of such layer-two solutions is that they can offer new features with limited trade-offs.
    Back went on to note that in the case of the Liquid Network, it is not a direct solution to Bitcoin's scalability woes and may even pose new challenges in maintaining Bitcoin's decentralized nature intact. He highlighted that, "So Liquid itself is not a solution to scaling because it's ultimately going to have similar tradeoffs as any blockchain has, which is if the amount of data it's processed gets too big, it will become hard to audit and less decentralized."
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  • 11:07 1900 BTC Sent To OKEx

    Citing Whale Alert, 1,900 BTC ($17,234,422 USD) were transferred from multiple unknown addresses to OKEx at 15:53:26 UTC on May 24.
    The transaction hash is 071c7c6f2d7bb4b294cba3fcfe049755438c9637d0b9e99f0fddd6613e03f6f5.
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  • 11:04 BTC Falls Below 9000 USDT

    Citing data from Boboo.com, BTC just fell below the 9,000 USDT level, dipping to 8,974.54 USDT. Currently, BTC marks 9,007.07 USDT.
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 11:01 BTC Drops by 1.04% Within 5 Mins, Marking 8,980 USDT

    CoinNess Market Index shows that BTC drops by 1.04% within 5 minutes. BTC currently marks 8,980 USDT on Boboo.com.
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 10:34 Survey: 60% Of Crypto Twitter Thinks TRON 4.0 is Superior To Ethereum 2.0

    60% of the crypto community on Twitter think upcoming update, TRON 4.0 is way better than the long-awaited ETH 2.0, according to a Twitter poll conducted by TRON founder himself, Justin Sun.
    TRON 4.0 is on the lead with 59 percent (27,398 votes), beating ETH 2.0 which has attracted 41 percent (19,025 votes). While Twitter polls aren't scientific, they are often a proxy for public opinion. With 46,404 votes, it is clear that an overwhelming majority believe TRON 4.0 is superior to Ethereum 2.0.
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  • 10:10 Bitcoin's Energy Consumption Rivals Israel's, Even After Halving

    Following the Bitcoin halving on May 11, miners pulled the plug on so many machines, according to data from Digiconomist, that Bitcoin's energy consumption has dropped by 24%. But Bitcoin miners are still expending immense amounts of computational power to perform the complex calculations that validate transactions on the network.
    According to Digiconomist, the electricity used in Bitcoin's combined global computing and mining network is equal to that of the state of Israel. Its carbon footprint remains equal to that of the entirety of Syria.
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  • 09:12 PIEXGO To Close Current Platform

    Citing The Block Beats, the trading platform PIEXGO released an announcement, stating that it will close the current platform, and users should withdraw their assets within a specified time limit. The PIEXGO team will adopt the services provided by a third-party cloud platform. According to the announcement, its team now is dealing with the platform's technical issue and deposit & withdrawal of assets, after which the deposit & withdrawal services will be enabled.
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  • 09:05 BTC Dips To 9009 USDT

    Citing data from Boboo.com, BTC just dipped to a low point of 9,009.00 USDT. Now, the coin marks 9,036.44 USDT.
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 08:05 Litecoin’s Increasing Hashrate Could Indicate Positive Sentiment Among Miners

    The hashrate of LTC climbed all the way to 205.21 TH/s on the 17th of May, meaning a six-month high figure. Closely mimicking the price action, Litecoin witnessed an increasing hash rate which currently stood at 201.60 TH/s. Notably, its hash rate dropped to a two-year low when it fell to 127.9 TH/s on 16 March following the Black Thursday crash. The latest upward trend of an increasing hash rate may have a positive impact on the price and was also a sign of the miners’ return to the network.
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  • 07:20 Billionaire Tim Draper Says Bitcoin (BTC) Is Going To Transform Banking

    Venture capitalist Tim Draper says that Bitcoin, a frictionless and transparent cryptocurrency, has the potential to change the nature of banking during his appearance on AIShowBiz. He explains that the leading coin eliminates the need to pay exuberant fees ‘every time you swipe a credit card.’ Moreover, if the government decides to uncontrollably print tons of dollars, your wealth held in BTC won’t be affected by this ‘inflationary explosion,’ thus making political forces less intrusive.
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  • 06:24 CoinNess Market Surveillance May 24: BTC Trading Around $9200 Level

    As of 11:00 (UTC) on May 24, the global price index of Bitcoin (BTC) has been trading around the $9,200 level. At present, the coin marks $9,280.69 with an increase of 1.31% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is “Buy” with five indicators sending out selling signals, three showing neutral signals, and 10 indicating buying signals.
    The broad market is overall bullish, with 71 out of Top 100 cryptos by market cap rising.
    The global market cap reads $258.54 billion, and the 24-hour trading volume is $91.74 billion.
    Major Coins
    1. BTC quotes show 9,215.67 USDT on Binance, $9,220.10 on Bitfinex, $9,220.21 on Coinbase Pro and 9,175.00 USDT on Boboo.com;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $208.90 (+0.80%); XRP marks $0.2006 (+0.29%); BCH marks $235.31 (+0.44%); LTC marks $44.24 (+0.33%); EOS marks $2.58 (+0.59%); ETC marks $6.70 (+3.75%).
    Top 3 Gainers and Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: BNT (+36.56%), IOTX (+29.21%), and ETN (+19.32%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: OMG (-12.12%), ZEN (-7.48%), and ENG (-6.28%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: ETH (+$92.29 mln), BTC (+$36.06 mln), and ETC (+$21.21 mln);
    2. Top 3 capital outflows within the last 24 hours: BNB (-$18.36 mln), HC (-$3.35 mln), and OMG (-$3.13 mln);
    3. Net inflows/outflows of exchanges: Binance (-$31.30 mln), Bitfinex (-$534.25 k), and Coinbase Pro (+$6.35 mln).
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  • 05:07 BTC Topped List Of Crypto Net Inflows With $139 Million In Past 10 Hours

    Monitored by CoinNess.com, from 00:00 to 10:00 (UTC) on May 24, BTC registered a net inflow of $139 million in the past 10 hours.
    1. The Top 3 net cap inflows in the crypto market are: BTC (+$139.00 mln), ETH (+$22.40 mln), and EOS (+$5.32 mln);
    2. The Top 3 net cap outflows in the crypto market are: AMO (-$12.42 mln), OMG (-$1.43 mln), and HC (-$1.41 mln).
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 04:46 Crypto Investor Michael Terpin Deliberately Waited To Sue SIM-Swapping Teen Who Stole $23.8 Mln From Him

    According to The New York Post, famed cryptocurrency investor Micheal Terpin deliberately waited until the brazen teenager who stole almost $24 mln of crypto via a SIM-swapping turns 18 in order to take him to court.
    Terpin, who filed a suit against Pinsky earlier this month, claims that it will be easier to get ‘treble damages’ that are seeking under federal racketeering law if the hacker, Ellis Pinsky, is tried as an adult: It will be easier to sue him [than it would be if he was a minor] and we’re intending to get treble damages.
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  • 04:26 Harmony CTO: Compatibility Issues Looming For ETH 2.0

    According to Rongjian Lan, chief technology officer at blockchain startup Harmony. He told Cointelegraph: “The coordination and data consistency between shards requires extremely careful protocol design to make the whole system secure and stable. There are also significantly more corner cases to consider which don’t exist in a non-sharded blockchain, mostly thanks to new elements such as crosslinks, cross-shard transactions and resharding. Eth 2.0 needs to build all these on top of the legacy Eth 1.0, which brings additional compatibility issues into the picture.”
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  • 03:31 Research Draws Parallels With Astrophysics To Explain Rapid Rise Of cryptocurrencies

    A recent paper published by researchers from the University of Athens titled “The Explosion of Cryptocurrencies: A Black Hole Analogy” draws parallels with the world of astrophysics and the booming crypto-sphere in a bid to explain the rapid rise of cryptocurrencies that currently are present in the market. While many cryptocurrencies are far from useful and many seemingly illegitimate, the past few years have definitely registered a disproportionate increase in cryptocurrencies and tokens.
    The study noted that there exists a ‘self-gravitational property in the crypto-market.’ The gravitational property in the case of the crypto-market is elaborated in the paper by drawing parallels to astrophysics. The number of traded cryptocurrencies according to the researchers denote the mass of the crypto-market, and when considered at a singular point in time is considered to be the ‘gravitational force.’
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  • 02:15 Bitcoin Search Index On Major Media Platforms: May 24

     Monitored by CoinNess.com, as of 08:00 UTC on May, 24 1) Google Trends indicates searches of "Bitcoin" have maintained stable movement compared with yesterday; 
    2) Baidu Search Index shows the search frequency of "blockchain" is going up; 
    3) Weibo sees the search of "Blockchain" has experienced a marked uptick, up 75.40% on a daily basis; 
    4) CoinNess shows BTC takes the crown in the list of Coin Search Index.
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