Nomics, a cryptocurrency data and analytics firm backed by Coinbase Ventures, has launched “Transparent Volume,” a service which will provide a new means of reporting trading volumes across cryptocurrency exchanges. Just 17 Percent of Reported Bitcoin Volume Is Trustworthy According to the firm, the product is designed to help track real-time asset movements across exchanges,…
Notorious Bitcoin SV enthusiast Craig Wright has reportedly lost his legal battle against Ira Kleiman, the brother of Wright’s deceased business partner David Kleiman. As part of the reported ruling, Wright has been ordered to pay David Kleiman’s estate 50 percent of the bitcoin that he says he mined with Kleiman prior to the start…
Bitcoin has always been the leading cryptocurrency in market capitalization — the total value of its circulating supply in dollars — by a wide margin. But how does bitcoin’s market cap compare to the rest of the world’s markets and assets? As this infographic illustrates, bitcoin’s market cap is dwarfed by traditional asset classes. It…
The bitcoin market has been consolidating for several weeks and the volume and price volatilities are coming to a head. The price is beginning to narrow between heavy resistance and macro support and soon either the bulls or the bears will give way. As we draw near the monthly candle close, we can see that…
Marking a massive increase in holdings since the beginning of 2019, BitMEX’s insurance fund now reportedly holds more than $312 million worth of bitcoin, holding 0.15 percent of all BTC currently in existence. The Need for Bitcoin Insurance The massive cryptocurrency leverage trading platform serves as a facilitator for derivatives contracts between multiple parties. Using…
Kunal Kalra, a resident of Los Angeles, California, has pleaded guilty to running an unlicensed cryptocurrency exchange operation which catered to drug traffickers. An announcement published by the U.S. Department of Justice indicated that Kalra, who went by the pseudonyms “Kumar” and “Coinman,” has plead guilty to four charges, including operating an unlicensed money transmitting…
If blockchain analysis firm Chainalysis is right, only a small fraction of coins sent to and from bitcoin mixers are used for illicit purposes. In a recent webinar titled “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains,” the blockchain analytics firm suggested that users of mixing services mostly leverage the option…
Script, the smart-contract programming language for Bitcoin, has gotten an upgrade. Developers are addressing challenges on the network through local Socratic Seminars. A Bavarian entrepreneur is promoting Bitcoin through a multisport race. And the curious case of the Asian mafia behind the PlusToken racket. Scams The PlusToken Scam This week, we looked into the case…
Chaincode Labs engineer Carl Dong is one of the most prolific and promising Bitcoin developers today. In the beginning of his career, he made significant contributions to the 21dotco protocol (which turned into Earn.com). Subsequently, he joined Blockstream and is doing perpetual work on Andrew Poelstra’s Rust Bitcoin implementation. But Dong truly came into his…
It’s been nine years since the first bitcoin exchange opened its domain to customers, but some of the world’s largest banks still have problems with their clients sending their money to these trading posts. When bitcoin was in its infancy, exchanges created unexplored financial territory, and many banks were hesitant to approve wire transfers to…