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Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer Without any doubt, the year 2020 was unlike any other year in the 21st century: The ongoing COVID-19 pandemic, global governments unstoppably printing money, “lockdowns” and “social distancing” becoming the new normal, protests against racial discrimination and police brutality, and so on and so forth. It even made some claim it to be “the worst year ever.” But as they say: In every storm, each cloud has a silver lining. The most important thing is to learn from what we’ve been through and to improve our world and our future, as there are some problems that we have to solve ourselves. It’s also true that 2020 was a significant, dramatic year not only for people all over the world but for Bitcoin (BTC) as well: the third halving, increased attention from institutional investors and global regulators, its white paper’s 12th anniversary, etc. Some even called it the “New Testament” of finance, and others s...

A crypto New Year’s resolution: Modernize security infrastructure It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional voices are expressing reinvigorated interest in digital assets. The growth and maturation of this space has been impossible to ignore, engendering plenty of optimism among those who build the platforms and systems on which it runs. Unfortunately, not all the headlines from the past year have been positive. Several well-known crypto exchanges and other organizations were hacked, which led to significant losses. Events like these are not only damaging to a firm’s reputation and potentially devastating for investors, they also erode hard-won trust in the digital-asset space among institutional investors and the public. Many of these ha...

These 2020 blockchain tech developments have set the stage for 2021 January will mark 12 years since the Bitcoin genesis block. In that time, blockchain technology has made many significant strides forward. The launch of Ethereum in 2015 introduced smart contracts and token minting. Subsequent years saw developments in areas, such as transaction privacy with the launch of Zcash (ZEC), platforms such as EOS and Tezos attempting to compete with Ethereum on scalability, and dozens of use cases being explored. In particular, 2018 and 2019 were difficult years. Following Bitcoin’s fall from its all-time high in December 2017, it’s fair to say that the general appetite for blockchain and cryptocurrencies waned significantly during the long crypto winter. However, there was still plenty of innovation happening, which has started to become evident and pay off in 2020. This year, several key themes have emerged that are poised to shape the blockchain landscape for 2021 and beyond. Here, Coi...

2020 has provided the incentive to rethink our approach to money 2020 has been a year of upheaval throughout the world. Overshadowed by the COVID-19 pandemic, the events of this year brought forth new challenges no one was prepared for, upending the way we live, work, and transact. Early this year, global financial markets took a severe hit as stocks, commodities and even cryptocurrency prices fell.  Against the backdrop of economic uncertainty and the declining value of the U.S. dollar, crypto assets are moving higher up the radar screens of commercial banks, hedge funds and other institutional investors. As we approach the end of a tumultuous year, it would be timely to recap the events that have been significant for the crypto industry this year, while looking ahead to new developments in 2021. The DeFi boom Unless you’ve had your head in the sand for most of 2020, you probably witnessed the explosive growth of the DeFi sector this year. Particularly with crypto lending and...

Bitcoin mining: The next decade of sustainable crypto innovation begins today Since the creation of the first cryptocurrency over a decade ago, many have often been skeptical of their legitimacy, with some even dismissing them as a fraud. But in 2020, this paradigm seemed to have shifted. What has emerged is a shared recognition that Bitcoin (BTC) and other digital assets are here to stay and that they will play a key role in the future of global finance.  This is not some far-fetched vision reserved to crypto-anarchists — financial actors that were traditionally wary of cryptocurrencies are now expressing confidence in their disruptive potential. JPMorgan and Goldman Sachs, for instance, have recently reversed their initial opposition to cryptocurrencies, becoming some of the latest to offer new banking services and offerings for the digital assets market. Related: Will PayPal’s crypto integration bring crypto to the masses? Experts answer As optimism and appreciation for the...

Ethereum Price Analysis: After 18% From Yesterday’s Low, Is $800 In Sight For ETH? ETH/USD – Ethereum Bulls Print Fresh 2020 Highs Above $700 Key Support Levels: $720, $700, $675. Key Resistance Levels: $750, $762, $780. Yesterday, Ethereum finally penetrated beyond the $675 resistance provided by a bearish .786 Fib Retracement. It managed to spike above $700, but the bears stepped in to cause the daily candle to close around $680. Today, the ETH bulls continue to drive further higher as they penetrated beyond $700 again to reach as high as $738. It has since dropped slightly as the buyers battle to break the $733 resistance (1.414 Fib Extension). In any case, the cryptocurrency increased substantially from yesterday’s low at $625. ETH/USD Daily Chart. Source: TradingView ETH-USD Short Term Price Prediction Looking ahead, if the bulls break $733, the first level of strong resistance lies at $750 (bearish .886 Fib Retracement). This is followed by $762, $780, $790 (1.272 Fib Ex...

The growth of Ethereum and how it has surpassed bitcoin as the biggest network Quick Take 1 minute read It seems that bitcoin is no longer the biggest network in the industry as Ethereum has been making a big name for itself in recent times growing its community and ecosystem.This is according to a recent report by Electric Capital.  It seems that bitcoin is no longer the biggest network in the industry as Ethereum has been making a big name for itself in recent times growing its community and ecosystem. This is according to a recent report by Electric Capital. The paper from the venture capital company was written by Maria Shen, a partner at the Business. More than 300 developers are getting ready to join the Ethereum network on a monthly basis and with such a large number of minds coming together on a project like this, it speaks volumes for the network and its future. Especially as many people are choosing ethereum over bitcoin and its own network. Over the course of this ...

Why Fidelity is expanding into Asia Quick take 1 minute read Earlier this year, Fidelity investments expanded its reach in the sector through its crypto subsidiary.The report was released by Bloomberg that said the crypto branch of the company, Fidelity digital asset services, has teamed up with Stack Funds in order to expand into Asia. Earlier this year at the end of October, one of the biggest asset managers in the world, Fidelity investments expanded its reach in the cryptocurrency sector through its crypto subsidiary. The report was released by Bloomberg on the 29th of October that said the crypto branch of the company, Fidelity digital asset services has teamed up with the Singapore start-up known as Stack Funds in order to expand into Asia. This partnership meant that Stack Funds would have access to the custody services from Fidelity as well as its clients in an attempt to meet increasing demand from some of the more high-profile investors in the region. The head of the E...

Altcoins Time? ETH Soars 15% As Bitcoin Dominance Drops Below 70% (Market Watch) After another highly volatile weekend trading day consisting of a new all-time high above $28,000 and a massive rejection, including a drop below $26K, BTC has calmed and as of now trading safely around $27,000. Most altcoins have finally joined the party with some impressive double-digit gains, including Ethereum breaking north of $700, recording a current daily high at nearly $740, which is the highest of 2020. Bitcoin’s New ATH And Subsequent Rejection The primary cryptocurrency continued with its remarkable performance during this year’s Holiday season yesterday. After charting consecutive all-time highs above $26,000 and $27,000 on the days before, bitcoin headed towards another major milestone – $28,000. It didn’t take long for the cryptocurrency to break above it. The run saw BTC painting the latest ATH at nearly $28,400 (on Bitstamp). Quite impressive considering the fact that BTC was trading ...

Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer The question of whether being the first in introducing a CBDC will be enough to win worldwide reserve currency status stays open. Most notably, China does not intend to change the U.S. dollar with the digital yuan, and collaborative efforts between the two excellent powers on establishing CBDCs might be certainly the finest choice for the world.There might be lots of reasons for such rapid CBDC development all over the world, but the significant reason is the COVID-19 pandemic, which was highlighted by the European Central Bank, the Bank for International Settlements and lots of other experts. The true potential for CBDCs is in interoperability amongst CBDCs and between CBDCs and other digital currencies and cryptos. I believe we will see more CBDCs that attend to specific usage cases, like replacing money as we have actually seen in Sweden with the e-krona job or the Sand Dollar implementation in the B...

SEC vs. Ripple: A predictable but undesirable development In this case, Ripple would be the primary lawbreaker, and both Larsen and Garlinghouse are declared to have significantly took part in the pattern of Ripples XRP sales, with the objective of enabling the business to raise funds without signing up XRP under the federal securities laws or complying with any offered exemption from registration.The bulk of the grievance supplies a summary of digital assets, details the SECs variation of the history of Ripple and its marketing efforts with regard to XRP, highlights how in the opinion of the Commission, XRP satisfies the components of the Howey financial investment contract test under the federal securities laws, and looks for to demonstrate how Larsen and Garlinghouse got involved in the on-going sales efforts.In addition to disgorgement of all “ill-gotten gains,” the asked for order would completely ban the called accuseds from ever offering unregistered XRP or getting involved in ...