Month: November 2019

Bitcoin has widely been considered to be a macro hedge asset against failing global economies, but an exact figure showing this has remained a mystery. Recent findings by a Senior Research Analyst, however, has highlighted that the correlation between the two does exist, and is perhaps much stronger than people might think.  Growing Demand in Struggling Economies In 2019, the Bitcoin market price has shown a 70% correlation with the rising turbulence based on the Global Economic Policy Uncertainty Index. These findings confirm that economic policy uncertainty boosts the position…

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EOS New York has put forward a worrying discovery about the network. It seems not all block producers are independent, and some of the positions are controlled by a central entity. Single Entity Registered Six BP Domains EOS New York has discovered that six of the current block producers are linked to a single entity, potentially taking away nearly a third of the network block production power. Rewards and computational resources are also more centralized than expected. 1/ Six registered producers on EOS are managed by a single entity. This…

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Twitter CEO, Jack Dorsey, recently published a tweet in which he announces his move to Africa, as he believes that the continent will ‘define the future.’ Africa has always been a fascinating continent to a lot of people, and according to one recent tweet, Twitter’s CEO Jack Dorsey feels the same. However, while many people want to go there to experience different cultures, climate, and observe the wildlife — Dorsey believes that going there will allow him to see the future unfold. Sad to be leaving the continent…for now. Africa…

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Former Bitcoin.com CEO, Roger Ver, was shilling Bitcoin Cash on CNBC’s Power Lunch yesterday. During the interview, Ver maintained his position that BCH “is the real Bitcoin”, and suggested that it could go up in price by 1000 times the current value. Ignore Local Crashes; Crypto Is Here To Stay Ver first defended the past month’s performance of cryptocurrency prices across the board. He suggested that it wasn’t fair to look at it that way, and that we must consider a longer term outlook. Both Bitcoin Cash and Bitcoin are up…

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This week, Bitmain Co-Founder, Jihan Wu, announced the launch of two new Antminer 17 series miners at the World Digital Mining Summit. The World Digital Mining Summit saw quite a bit of discussion earlier this year in October, but also a few very important announcements. One of them came from Jihan Wu, the co-founder of Bitmain, who announced two new additions to the famous Antminer 17 series. The two new models include S17+ and T17+, both of which will bring new improvements to hashrate and power efficiency. Details About the…

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Ethereum prices have been extremely lack luster lately despite solid fundamentals and a growing decentralized finance ecosystem. The world’s second largest crypto asset is so hopelessly tied to its big brother that it may be a while before it moves independently. Can the Istanbul network upgrade next week help? Ethereum Still On The Floor in Twit-Storm In terms of price, Ethereum is in a bad way. It has dumped almost 60% since the 2019 high which topped $350. Since all-time high, which some say will never be revisited, ETH is…

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The correlation between any further oppression of the bitcoin and crypto industry in China and market movements appears to be crumbling. Mainstream media is still firmly behind the premise that the latest rout was a direct response to further crackdowns on the mainland, but BTC and digital assets are making gains today to suggest otherwise. China Crackdown Claims First Casualties Following a series of warnings from Chinese regulators as many as five local exchanges have shuttered their digital doors according to the SCMP. The central bank and financial watchdogs have…

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