Crypto Market Sentiment Improved For The Third Week in A Row

The market sentiment is on the rise. While the week starting with March 16, which followed the market plunge, saw a six-month low of 4.21, we're now seeing the market sentiment go up for the third week. The combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins, is now 4.95, compared to last Monday's 4.73/10, as calculated by crypto

Software Engineer Cracks Encrypted File To Recover USD 300K in Bitcoin

Once upon just recently, there was a software engineer with two decades of experience in cracking codes, who used a set of complicated steps to recover keys for a "Russian guy's" bitcoin (BTC). Mike Stay is the CTO of Pyrofex, a startup that creates blockchain platforms and decentralized applications, and a software engineer who formerly worked at Google

The World Might See CBDCs Sooner Than Expected

The “central bank of central banks” and multiple analysts think that the fear of the coronavirus transmission via cash and banking cards may shorten the road to central bank digital currencies (CBDCs). People are afraid of using cash, says the Bank for International Settlements (BIS) in their recent bulletin. The scientific findings conclude that the chances of

Pushy Turbulence, Pressuring Miners, Bright Future and 20 Crypto Jokes

Another eventful week is behind us. We reported that the number of addresses with 1 BTC is rising, while BTC is leaving exchanges, but merchants remain resilient; that the outlook for BTC development is generally positive, with key funding players revealed; that turbulences in the market could push crypto users to more centralized blockchain finance projects; that politicians were building a case

Ripple Co-Founder Says He Recovered from COVID-19 + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Ripple & XRP news Nik Bougalis, a Ripple engineer responsible for XRP's server software, said in a GitHub submission that a group of Ripple developers including himself had designed a new private

Bitcoin Needs To Make an Effort to Not Waste This Crisis

While many bitcoin (BTC) hodlers hope that despite the COVID-19 pandemic and troubles in the traditional financial markets - or exactly because of them - BTC will skyrocket, it might not happen without the active involvement of the Cryptoverse itself. "In addition to the unique properties of BTC, the industry needs strong storytelling, marketing, and user experience to

Maker Foundation To Start Its Dissolution in Two Years

The Maker Foundation will start transferring the governance power and risk management capacity to the community in the next few years. As the first step, it will release an initial draft of the new governance paradigm for the community to vote on. Following the delivery of multi-collateral Dai (MCD), the next step and the ultimate goal of the Foundation is to make MakerDAO

Ripple Expands in Asia, Brave & CoinTracker Reach New Milestones + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news London-based international money transfer service Azimo and Thailand’s Siam Commercial Bank (SCB) have partnered up and announced a new service delivering cross-border payments into

Exclusive: QE Won’t Trigger Hyperinflation, says World’s Hyperinflation Expert

The central bank of Zimbabwe issued a 100,000,000,000,000 note during the hyperinflation in 2009. It barely paid for a loaf of bread. There has been a lot of discussion recently on the effects of the COVID-19 pandemic on the global economy, on the measures taken by the governments to mitigate those effects, the possible hyperinflation certain measures could lead to - and

US ‘Largely Compliant’ with FATF Recommendations, but Issues Remain

The United States is "largely compliant" with recommendations around digital assets, but issues remain, says multi-government regulator whose recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CTF) standard. The Financial Action Task Force (FATF) published a report in which they review the United States' AML

Miners Pressing Bitcoin Price, but Analyst See a Bright Future

Miners are pressing bitcoin (BTC) price now, they'll likely press it more in the near future, but the future after that has a bull in it, analysts find. Miner-led selling pressure for bitcoin is high and will probably increase even more in the months ahead as it goes through its halving expected in May, finds crypto market analysis firm Coin Metrics. Though they

Coin Race: Top Winners & Losers of March and 1st Quarter of 2020

Though the month of March, the last of the year's first quarter, started promising, it witnessed a major plunge of the market. The number one coin by market capitalization, bitcoin (BTC), took a swift dive to the USD 4,000 level and despite it recovered around 50% of its losses it dropped for the third quarter in a row. The crash has naturally had a significant

This Crisis Is Good For Bitcoin, But Beware of Recession – Luno CEO

The current global crisis is good for crypto as it shows the dysfunctionality of the existing system, according to Marcus Swanepoel, co-founder and CEO of crypto exchange Luno. However, in case of a global recession, this nascent industry might be hit hard too, he warned. Crypto was born out of a financial crisis, accompanied with a vision to upgrade the world to the better

Market Turbulence Might Push Crypto Users Towards More Centralized Projects

In order to avoid current turbulences in the market, crypto users might start to favor more centralized blockchain finance projects. "To-date, I haven't seen any change in dapp [decentralized app] activity specifically related to COVID-19 or people being in self-isolation," Jon Jordan, Communications Director at DappRadar, a dapp data aggregator and

Politicians Building Case for Bitcoin Through Fiat and Democracy Limits

In the midst of the COVID-19 pandemic and the financial crisis it has been causing, we seem to be witnessing some worrying signs for both fiat users and democracy. Here are three recent cases. 1. The U.S.: 'Don't hoard cash' In the midst of the pandemic, people in certain countries, such as in the U.S., are turning away from credit and debit cards, digital payment, or

Crypto Market Sentiment Improves for the Second Week in a Row

Source: iStock/da-kuk The market sentiment has seen an improvement for the second week in a row. The combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins, is up this week to 4.73, compared to last week's 4.33/10, shows crypto market sentiment analysis service Omenics. Today we find all coins in the green for the past week, and six of them with a double-digit

Number of Addresses with BTC 1 Rising, while Bitcoin is Leaving Exchanges

After a crypto market crash in March, the number of wallets with at least 1 bitcoin (BTC) has kept rising, reaching new all-time highs. At the same time, it seems that this coin is leaving exchanges. Crypto market researcher Glassnode said that on March 29, more than two weeks after the crash, the number of addresses with at least one whole coin reached yet another

Reversed Loses, Settled Lawsuits, Pickled Gold and 20 Crypto Jokes

Let's see what this past week served on our crypto table. Bitcoin and major altcoins reversed losses Monday, after the Fed announced unprecedented measures to support the economy, while Coronavirus put gold in a peculiar pickle. As BTC mining difficulty saw a historic drop, a new Cardano scaling solution was unveiled but ADA remained unchanged. BitMEX said that their BTC 35K Insurance Fund

Tezos, ConsenSys, Blockstack, and Others Share Their COVID-19 Stories

A colorized image of cells from a patient infected with the coronavirus SARS-CoV-2. The virus particles are colored pink. The image was captured from a scanning electron micrograph. In the midst of the current COVID-19 pandemic, we asked several crypto/blockchain startups how they are operating in this hazardous environment. As we've seen, a number of crypto and

Panic in Bitcoin Market ‘Dissipating,’ Miners Returning

Bitcoin (BTC) on-chain activity and again increasing hashrate suggest positive moves in the market and the largest cryptocurrency network, according to blockchain analysis firm Glassnode. With the price stabilizing and investors slowing down the portfolios readjustments, on-chain activity has seen decreases across the board. Compared to the last couple of weeks, when the

Binance Announces Binance Card; How Does it Compare to Coinbase Card?

Binance just released their new product, the Binance Card, meant to make it easier for people to use crypto every day, that way assisting crypto adoption. Meanwhile, another major crypto exchange, Coinbase, passed this milestone a year ago. Binance unveiled the Beta version of its Binance card, a Visa debit card, on March 26, which is supposed to do away with the

EU Seeking Blockchain Defense Solutions + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news The European Commission is looking for solutions that drive innovation and adapt technologies for civil and defense purposes, including blockchain concepts. Per a European Defense Industrial

ETH 2.0 Phase 0 Reviewed by Auditers, with Attack Vector Warnings

Ethereum 2.0 (ETH 2.0) (aka Serenity) has left its auditors satisfied, though critical issues have been pointed out. Working with the Ethereum 2.0 team, security consultant Least Authority reviewed Ethereum's network update to Proof of Stake (PoS) from Proof of Work (PoW), specifically its upcoming initial phase - Phase 0: Beacon Chain. Eth2 phase 0 spec audit is back!Now onto

Bitcoin Mining Difficulty Sees Historic Drop, Even Larger Might Be Coming

After the second-largest Bitcoin (BTC) mining difficulty drop, the next one might be even bigger and provide even stronger relief to miners. As predicted, Bitcoin mining difficulty (a measure telling us how hard it is to compete for mining rewards) has just dropped - but instead of 5.8% estimated six days ago, it dropped 15.95%. This is the second-largest drop in its

Gold Faces a Very Physical Problem; Bitcoin To the Rescue!

Bitcoin's competitor, gold, found itself in a peculiar situation due to the current pandemic: it's getting increasingly difficult for it to move. Fears of stranded bullion led to London spot gold prices dropping far below U.S. gold futures. “There’s plenty of gold [...] But it’s immobilized,” Reuters quotes an unnamed banker at a major gold-trading bank as saying.

Telegram Loses Latest Round With the SEC; Kik Begins the Next Round

Instant messaging giant Telegram and the U.S. Securities and Exchange Commission (SEC) have just finished another round in their court fight, with the judge declaring the SEC the winner. Meanwhile, Kik continued its battle against the SEC, denying the accusations the regulator raised against it. Both cases could offer a glimpse into the future of how cryptoassets are