As the year comes to an end, the focus will shift to the major events that are expected to influence crypto prices next year. China’s launch of a digital yuan is one such event that can influence crypto prices. The People’s Bank of China’s deputy director Mu Changchun said that the digital form of yuan would not have any room to speculate on its value as it would be different from Bitcoin and stablecoins. Though China has been against cryptocurrencies, it has been making major strides in supporting blockchain technology. The Central Bank of China has used blockchain technology to …

Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July, the market at large had witnessed an influx of bullish momentum that pushed the total capitalization value of this space to a whopping $373 billion. Following this period, the aforementioned bull run proceeded to subside quite a bit, with the market now hovering a tad under the $200 billion threshold. A few cryptocurrencies maintained a strong financial standing all year …

Bitcoin is leading the recovery from the front, which is a positive sign. This shows that bulls have used the recent dip to buy. As a result, Bitcoin’s dominance has increased to 68.9%. Former Wall Street trader Tone Vays believes that Bitcoin will increase its dominance further in 2020, perhaps as high as 85%. Although institutional money will enter Bitcoin first, it is unlikely that other altcoins will wither away. After investing in Bitcoin, large investors are likely to diversify into select altcoins. The next bull run is likely to be led by Bitcoin and a handful of altcoins. Hence, …

Christmas is just around the corner, which means it’s time to get your holiday shopping out of the way for good. And while online retail giants such as Amazon and eBay have made online purchasing wonderfully simple for the average person, they do not really cater to a growing population of individuals who are looking to use their crypto for digital payment purposes. While a number of startups have entered this space over the last three to four years due to issues relating to market volatility, certain remaining setbacks need to be tackled before the sector can really flourish. But …

Though most major cryptocurrencies have broken below their support levels during the most recent fall, Bitcoin, which is inarguably the leader, has held its ground. This is a positive sign as it shows that the stronger hands are not panicking. This week top venture capitalist Tim Draper also reiterated his bullish view on Bitcoin. Draper is confident that the leading currency will hit $250,000 by 2022. Additionally, he believes that if Bitcoin’s price action prior to and after the May 2020 halving resembles the trajectory followed during previous halvings, his target might be achieved by the end of the next …

Bitcoin (BTC) whales may have made headlines this month, but its wealth is more evenly distributed in 2019 — the opposite of major altcoins. That was among the findings of research by Clovr, which analyzed wallets and transactions from various cryptocurrencies in November. Bitcoin majority ownership requirement still top The results showed that Bitcoin’s wealth distribution has improved versus 2018, but among the top altcoins by market cap, whales are controlling more and more of the supply. According to Clovr, which excluded wallets known or suspected to be attached to exchanges, Bitcoin’s Gini coefficient — a measure of wealth distribution …

The crypto markets are currently held tight in the grasp of the bears. At the moment, there does not seem to be any specific news or event that has triggered the strong decline but one possibility is that some short-term investors who had been holding on to their positions in hopes of a rally are dumping at the current prices. The announcement of the first phase of a trade deal between China and the United States and the likelihood of the US Fed will not raise rates in 2020 appears to have boosted sentiment in the US stock market which …

Bitcoin’s market dominance has been holding above 65% mark since late July of this year. This shows that Bitcoin continues to garner the maximum interest from the market participants. There were periods in the past few months when it looked like an “altseason” was around the corner but it never materialized. Most major cryptocurrencies — led by Bitcoin — topped out in June of this year and have been gradually moving lower since. At the end of the year, in the absence of any major trigger, fresh money is unlikely to enter the space. Most institutional players prefer to park …

Product developer Franklyn Richards has witnessed Litecoin (LTC) network activity that reminds him of the Aug. 10 dust attack on Litecoin. In a Dec. 14 blog post, Franklyn Richards, a product developer who has worked on Bitcoin (BTC) and Litecoin since 2013, describes a pattern emerging among active Litecoin network addresses. According to the product developer an unknown entity is taking “large periodic automated actions” on the Litecoin network, resulting in “an almost sawtooth like pattern.” He explains: “On average the network typically sees around 40,000 active addresses per day, however, according to data from bitinfocharts, every 7 days this …

A payments platform that has the vision of delivering “cryptocurrency in every wallet” says it has now added EOS support in its products Crypto.com says it has a determination to make buying, selling, sending, paying, tracking and even earning cryptocurrencies far easier than it is now. According to the company’s executives, the platform is also boosting the utility of EOS by integrating the cryptocurrency into several of its flagship services. The world’s seventh-largest cryptocurrency is now supported by Crypto Earn, a tool that enables users to receive interest on their coins and tokens. Savers can deposit their crypto for a …

Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as it shows large investors have been accumulating Bitcoin during its bear phase. There is, however, no major change in the top 1,000 addresses, as their holdings only inched up from 34.4% at the end of 2017 to 34.8%, according to Flipside. While retail traders have been worried about picking a bottom, large investors are looking at the possible upside to be attained over the …

A crypto payment gateway is offering an easy way for merchants to integrate digital currencies into their websites. Coinremitter says its service is so simple that it can be set up by anyone and activated quickly — with powerful security ensuring funds are kept safe. The company’s payment gateway offers support for major cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Tether, along with more niche alternatives such as Dogecoin and Dash. According to Coinremitter, no ID or bank account is required to establish a payment gateway that is global, anonymous, free of chargebacks and “zero risk.” Once an account has …