Projections made earlier this year by analysts who believed that Bitcoin would reach the $10,000 level are taking effect, and the new target of $12,000 is now within sight; however, the world's most valuable digital currency is now trading in a sideways pattern that shows spikes…
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99Crypto
More Digital Currencies and Exchanges Are Popping Up for Traders
On July 3, Binance, which is one of the world's largest digital currency exchanges, announced that on July 4 it would be transferring all of its Tether accounts (and their associated addresses) from an Omni-based blockchain to an ERC-20-based Ethereum blockchain. The change will affect anyone who keeps…
ErisX Gains Permission to Trade Digital Currency on Its Platform
ErisX, a Chicago crypto exchange, plans to offer digital asset futures contracts later this year now that they have a license for crypto futures. The United States Commodity Futures Trading Commission, an independent government agency, issues derivatives clearing organization licenses and provides regulatory oversight. Futures contracts are agreements to buy…
Bitcoin Setting Records with Transaction Amounts Tied to Illegal Activities
On July 1, it was reported that the amount of Bitcoin spent this year on illegal activities was more than $500 million, and it was expected to reach $1 billion by the end of the year, which would be a record amount. Though, at the same time, the actual percentage…
New Technologies Threaten Blockchain Security
The cryptographic security of distributed ledgers are the major selling point of blockchain and its apps. Under typical circumstances, these ledgers are basically unbreakable. However, a big shift in technology could lead to an increased vulnerability and threat level that are not currently considered in this design. Many people are…
Have Cryptocurrency Transactions Reached Their Peak for 2019?
Those in the digital currency industry who are looking for signs that the current rally in cryptocurrency prices is for real found another on June 28 when the number of Ethereum transactions passed the one million mark. This is the first time that this has happened in more than a…