Cryptocurrency News With URL like driveinsider.com

Bitcoin mining difficulty is now down 31.5% from all-time highs, but hash rate is ticking upwards. Difficulty readjustment is absolutely genius.
by Brian Curran | Dec 21, 2018 at 12:40 Bitcoins mining difficulty recently dropped roughly 32 percent in the last month following an extended bear market throughout 2018. As miners continue to shut down due to unprofitability, those who remain mining will be rewarded with increased BTC accumulation (less competition), but the low prices may still preclude profits from most mining operations. However, Bitcoin and the broader cryptocurrency markets have been making a recent surge in prices over the last several days, with Bitcoin surpassing $4,000 last night. Whether or not the momentum can be sustained and lure more miners back to the ecosystem is yet to be seen.

Venezuela is ground zero for crypto adoption. DASH is now being accepted by KFC across the country!
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TRONBet now does over $3 million in daily tx volume!
by Brian Curran | Dec 6, 2018 at 20:27 Decentralized applications (dapps) are one of the primary focuses of smart contracts platforms and provide a glimpse into the adoption of specific platforms among users. Smart contracts platforms are facing daunting scaling challenges like Ethereum , arose out of the desire for more scalable applications, such as EOS, or are still under active research and development. Each smart contracts platform offers unique advantages and is hindered by explicit trade-offs in platform design. The dapps that run on top of them will ultimately determine the success or failure of the platforms as they attract new users and build a social consensus around the platform's ecosystem.

Ethereum's top 500 whales have increased their holdings 80% since Jan 2018. They currently own 20 million ETH, valued at $2.3 billion.
Using metrics provided by TokenAnalyst, Diar determined that whale Ethereum holdings have been increasing steadily throughout 2018 despite the extended bear market. Holdings of the top 500 whales are equivalent to 20 million ETH, slightly less than 20 percent of the total circulating supply and equaling approximately $2.3 billion.

Is it just me or it Tron getting a ton of press lately Dominating the crypto bear market conversation shows that Tron is one of the few legit projects out there.
by Brian Curran | Dec 1, 2018 at 11:39 TRON the Chinese-based smart contracts platform led by Justin Sun announced a $100 million fund to support the blockchain gaming ecosystem. The game fund is called TRON Arcade and will invest up to $100 million in blockchain gaming development over the next 3 years. The announcement follows TRON's dapp update claiming increasing adoption of the platform by dapps and users. CoinPayments also recently integrated TRX, BNB, and BTC payments into BitTorrent for Pro and Ad-free products. TRON has emphasized both content distribution and dapp gaming since launching. The TRON Arcade fund is a sizeable incentive for developers to have their projects funded. TRON's primary market is in Asia too, one of the hubs for gaming, particularly e-sports.

Bitcoin's average transaction value is $13,500 USD. That's 166x larger than VISA transactions. We're moving container ships, not parcels.
by Brian Curran | Nov 29, 2018 at 22:50 Analyzing blockchain transactions and deriving definitive conclusions is a notoriously challenging task, considering both the general noise of the data and the nuances of determining which transactions are output change (i.e., UTXO blockchains) and the effect of exchanges on the transaction metrics. However, over the last couple of years, several on-chain analytics metrics, blockchain data analysis tools, and rankings site have emerged that provide a clearer albeit still inconclusive picture of transaction patterns in various blockchains. By integrating transaction metrics with narratives of specific cryptocurrencies, as well as their technical capabilities and user adoption, we can begin to better understand which are top cryptocurrencies used for payments.

Bitcoin hash rate is down almost 50% from ATH
by Brian Curran | Nov 24, 2018 at 02:21 Bitcoins hash rate has been slowly declining throughout November, mirroring similar levels in early August this year. Currently, the hash rate is roughly 40,349,974 TH/s after rebounding from a 4-month low of approximately 34,727,437 TH/s. The declining hast rate is the steepest decline in the legacy cryptocurrencys history, dropping nearly 44 percent from its all-time high in late August 2018. Bitcoin's hash rate has historically correlated fairly closely to price movements. The recent downturn in Bitcoin's price is reflected in the sharp decline in the hash rate. Further, mining profits have been reduced with increasing competition and decreasing prices. The difficulty has also appropriately declined in parallel with the decreasing hash rate.

The ICO crackdown has begun. It's not going to be pretty, but it's the fastest way to clean up the scams in the crypto space.
by Brian Curran | Nov 17, 2018 at 00:31 The SEC released a press release today detailing the settlement of civil penalties imposed on 2 completed ICOs Airfox and Paragon , signaling a transition in the SEC's emphasis on regulating completed ICOs. As part of the settlement, both Airfox and Paragon have agreed to pay $250k in fines, register their tokens as securities, file periodic reports with the SEC, and return investors funds. After much speculation about how the SEC would approach ICOs particularly already completed token sales their strategy is beginning to take shape. The settlement follows the first non-fraud ICO registration case by the SEC, Munchee Inc.

Goodbye Craig Wright! Bitcoin ABC now controls 5x more hash power than Bitcoin SV
by Brian Curran | Nov 16, 2018 at 01:03 Bitcoin Cash has split into Bitcoin SV and Bitcoin ABC today following the community rift led by Craig Wright (Bitcoin SV) and Roger Ver (Bitcoin ABC) that had escalated in the days leading up to the hard fork. It remains unclear which protocol will become the more dominant secondary Bitcoin and whether or not they will remain sustainable at all. Following the fork, several developments emerged. The last shared block between Bitcoin SV and Bitcoin ABC on the original Bitcoin Cash chain was block 556,776 that was mined by SVPool. Bitcoin ABC's split included a number of updates to the protocol, but the general idea behind the ABC camp is that BCH does not need a radical overhaul. The ABC stands for Adjustable Blocksize Cap, and Bitcoin ABC is currently leading Bitcoin SV in hash rate.

Zcoin finally getting the press it deserves, the Thai election was just the beginning!
by Brian Curran | Nov 15, 2018 at 12:59 Zcoin the privacy-oriented cryptocurrency based on the Zerocoin Protocol revealed their successful completion of a large-scale primary election for Thailand's Democrat Party Leader yesterday. The news follows weeks of speculation amid a surge in transactions on Zcoin's blockchain with only a small hint issued by the team as to what was going on. The news is an impressive feat for Zcoin and a major milestone for blockchain-based voting in general, considering the range of criticisms that blockchain voting has received and its application on only a small scale so far.

Amazon has just won 2 crypto patents. When the world's most valuable company publicly invests R&D effort in crypto, it's a very big deal.
by Brian Curran | Nov 13, 2018 at 23:05 Amazon has been awarded two patents in digital signatures and distributed storage techniques by the U.S. Patent and Trademark Office. The move follows a recent collaboration by Amazon with startup Kaleido on an Ethereum marketplaces targeting enterprises. Amazon's digital signature patent focuses on a Merkle-tree based cryptographic signature delegation scheme stemming from a central authority. The distributed storage patent is centered on extending distributed storage grid shards for improving storage efficiency of large data sets. Amazon's foray into blockchain has mirrored similar moves by other major companies that have entered the industry. There seems to be a predilection for patenting techniques related to cryptography from companies such as Bank of America, IBM, and Mastercard.

ICOs raised 55% less in Q3 than they did in Q2. Less fundraising, more building.
by Brian Curran | Nov 6, 2018 at 06:42 CoinGecko the crypto market analysis and research website released its Q3 Cryptocurrency Report last week highlighting several major trends within the industry over the last few months. Notably, the report covers topics including the prevalence of trans-fee mining on exchanges, declining ICO performance, and a surge in masternodes interest as well as non-fungible token proliferation. The notion that ICO interest has significantly declined has already been identified and corroborated by multiple reports, including a recent Morgan Stanley Report. CoinGecko's conclusion mirror the analysis of other reports that capital raised by ICOs has continued to decrease in 2018, in stride with downward pressure on Ethereums price as ICOs convert ETH to USD to salvage fundraising value.

XMR volume led Bisq's decentralized exchange to record-high volume this month
by Brian Curran | Nov 1, 2018 at 20:55 Bisq the increasingly popular decentralized P2P Bitcoin marketplace has seen its global volumes surge in October, with Monero (XMR) accounting for the vast majority of the volume. According to CoinDance, Bisq's global weekly trading volume for Bitcoin increased from approximately $540,000 the week starting 10/13 to nearly $1.7 million the following week 10/20, and then to $2.5 million the week of 10/27. So far, the total trading volume on Bisq for October has surpassed $6 million. Additionally, TheBlock's research concluded that roughly 89 percent of all volumes in the last three months on Bisq involved Monero.

Canada's largest stock exchange has successfully settled blockchain-based securities!
by Brian Curran | Oct 23, 2018 at 20:02 The Bank of Canada has announced its successful testing of the feasibility of clearing and settling securities using blockchain technology in a 36-page report. The report follows a collaborative research effort between the Bank of Canada, Payments Canada, and TMX Group who operates the Toronto Stock Exchange known as Project Jasper. The testing of securities and payment settlement using a proof-of-concept (PoC) private blockchain framework was part of the third phase of the Jasper research initiative. Project Jasper was launched in March 2016 and has received significant attention for its comprehensive approach to testing blockchain technology as an underlying settlement layer for legacy financial systems. The initial 70-page whitepaper outlines the goals and details of the research initiative.

Negligible crypto GPU sales led to 25% fall after hours yesterday for AMD
by Brian Curran | Oct 25, 2018 at 19:00 Advanced Micro Devices (AMD) the multinational semiconductor company recently released its Q3 financial report that shed light on the falling demand for GPU miners for cryptocurrencies. AMD and NVIDIA maintain a duopoly in the GPU market, and only Intel surpasses AMD in the CPU supply market. AMD subsequently had substantial exposure to the cryptocurrency mining market as a supplier of the GPU chips commonly used in proof of work consensus model cryptocurrencies. The AMD report's reference to blockchain-related GPU sales is not all that surprising considering the ongoing issues surrounding Bitcoin mining giant Bitmain and their struggles with surplus inventory and an extended bear market. AMD details the declining demand for blockchain-related GPU sales as:

Ethereum is the world's 5th fastest-growing open source project!
by Brian Curran | Oct 18, 2018 at 22:47 Github recently released its annual State of The Octoverse Report reviewing the last 365 days on Github and the magnitude of development on the platform. Github has experienced massive growth in 2018 alone, substantiating the notion of increasing global collaboration on both public and private projects. There are some fascinating takeaways from the report, including over 96 million repositories hosted on Github in 2018 and more than 31 million developers contributing to the platform. Ethereum is currently the fifth fastest growing open-source project on Github, doubling in size over 2018.

MIT, Harvard, Yale, Stanford, Dartmouth are ALL investing their endowments in crypto funds - Institutional investors are arriving!
by Brian Curran | Oct 11, 2018 at 18:04 Following reports that Yale invested in the cryptocurrency investment fund Paradigm, a group of other prominent university endowments have reportedly invested in cryptocurrency funds. Harvard, Stanford, Dartmouth, UNC Chapel Hill, and MIT have each invested in at least one cryptocurrency fund through their respective endowments. University endowments participating in cryptocurrency investing is a significant step forward that represents a larger move by institutional money entering the cryptocurrency markets. University endowments can be enormous, with Yale's total assets totaling $29.4 billion, making it the second largest university fund in the world behind Harvard's $39.2 billion.

Offline Bitcoin transactions could soon be reality with GoTenna's mesh network!
by Brian Curran | Oct 9, 2018 at 21:27 TxTenna the joint venture between Samourai Wallet and the GoTenna mesh network is scheduled to launch soon and will enable offline Bitcoin transactions through GoTenna's mesh network. The result is the ability to send Bitcoin transactions without an Internet connection. Samourai Wallet is an open-source wallet software focusing on increasing user privacy and security. Their Alpha wallet access is currently available. GoTenna is a lightweight device that pairs with your smartphone for connecting through a mesh network of UHF radio waves. The purpose of the joint venture between Samourai Wallet and GoTenna TxTenna is to provide an entirely new avenue for Bitcoin transactions.

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