Blockchain network ARK has released Core V2, the second version of its core system. “ARK was forked seamlessly in the background and the code is now fresh,” the startup says. The company emphasizes that ARK has become “the first and the only” delegated proof-of-stake-based (DPoS) service with dynamic fees. The users decide how much they want to pay for transactions using the ARK wallet.Mainnet as a milestoneThe company calls the migration to Core V2 — which has already been successfully completed on its mainnet — the beginning of a new era for ARK. The team now hopes that their updated ecosystem will empower developers to build new modular features and customizations.The startup promises that at block 6.6 million (6,600,000), the transaction cap of the network will be raised from 50 to 150
The crypto market may be down, but that doesn’t mean it’s no longer popular.According to a new episode of “Fast Money,” the cryptocurrency space is set to undergo several changes in the coming years, particularly when it comes to bitcoin demand. The episode alleges that in the time ahead, teenagers and younger generations will request bitcoin and other crypto assets in place of cash or gift cards when their birthdays or Christmas rolls around.Crypto Is Replacing Other DesiresIn addition, the episode also asserts that central banks and institutions will show a stronger demand for scarce, non-sovereign digital assets, while the opportunities for programmable money will grow heavily.Cryptocurrency has certainly had an exciting – and shocking – year. Approximately 12 months ago, bitcoin was ex
Key PointsEthereum price finally recovered after forming a base near $81 against the US Dollar.ETH broke a significant bearish trend line with resistance near $86 on the 4-hours chart (data feed from Coinbase).The price must break the $97 and $100 resistance levels to stage a solid comeback in the near term.Ethereum price gained traction above $86 and $90 against the US Dollar. ETH could turn super bullish if there is a close above $97 and $100.Ethereum Price AnalysisAfter forming a crucial support near the $81 level, Ethereum price started an upward move against the US Dollar. The ETH/USD pair rallied recently and broke the $85, $86 and $90 resistance levels. More importantly, there was a close above $85 and the 55 simple moving average (4-hours). Besides, there was a break above the 23.6...
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ——- After a gloomy look at the state of cryptoland two weeks ago, it’s time for more of a glass-half-full assessment of the outlook. As we’ve been hearing, one advantage of a bear market, when price is less of a distraction and competition for engineering talent isn’t so tight, is that serious projects can buckle down and start to develop real products. The question, then, is whether there are any serious projects for developers to work on? The answer, resoundingly, is yes. The big challenge for blockchai
Key HighlightsETH price traded higher recently and broke the $89-90 resistance area against the US Dollar.There was a break above a crucial bearish trend line with resistance at $87 on the hourly chart of ETH/USD (data feed via Kraken).The pair traded as high as $97 and it is currently consolidating gains above $90.Ethereum price made a nice bullish move against the US Dollar and bitcoin. ETH/USD is now trading in a bullish zone and it may find a strong support near $89-90.Ethereum Price AnalysisAfter a minor downside correction from $88, ETH price found support near $83 against the US Dollar. The ETH/USD pair formed a support base near $83 and later started a solid upside move. It jumped above the $86 resistance and the 100 hourly simple moving average. The upside move was strong as the p...
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.In December of last year, market participants were rejoicing as cryptocurrencies led by Bitcoin were soaring. The leading digital currency reached a high of close to $20,000 on Dec. 17 and investors were hoping for even higher levels.A year later, after a massive bear market, the question in every investor’s mind is, can Bitcoin rise from the dead once again and stage a turnaround? While we believe that Bitcoin is closer to a bottom than ever, we do not expect a sharp rally from current levels. There is a huge
On December 15, 2018, one of the co-founders of the Cypherpunk movement and prominent computer scientist Timothy C. May passed away at the age of 67. Among numerous other achievements, May was primarily responsible for shaping the conversation around the economic and legal freedoms implied by modern cryptography. The famous Cypherpunk mailing list in which these ideas were discussed, included contributions from Julian Assange, Nick Szabo, David Chaum, Adam Back, Hal Finney, Wei Dai, and countless other individuals. Now, after ten years of Bitcoin, 26 years since The Crypto Anarchist Manifesto, and the threat of Internet conglomerates, what happened to May’s “specter?” Building Ideas into Infrastructure In a turn of phrase, Peter Thiel recently drew up a convenient political framework for
Teen crypto star Erik Finman has said Bitcoin (BTC) “may have a bull market or two left in it,” but that “long-term, it’s dead,” in an interview with financial news site MarketWatch on Dec. 17.Finman is famous for his precocious investment in Bitcoin back in 2011, when he reportedly bought in — at the age of twelve — at $12 a coin. The high-schooler’s $1,000 gift from his grandmother thus became over $4 million during the cryptocurrency’s 2017 all-time-price-highs. Finman sealed further fame by notoriously winning a bet with his parents — that if he became a crypto millionaire before 18, he could opt out of going to college.In his interview with MarketWatch, the still-teenage Finman remarked, “Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last.
Initial coin offerings (ICO) have been transacting Ethereum (ETH) at breakneck speed, with over 400,000 ETH moving out of wallets in the past 30 days alone, according to data from crypto assets data and software development firm Santiment published Dec. 17.Ethereum moved out of ICO teams’ wallets Nov. 18 - Dec. 17 2018. Source: SantimentSantiment’s data sample notably does not track the ETH “all the way to exchanges,” with the metric therefore not a hard and fast confirmation that the ETH has necessarily subsequently been sold: Santiment thus qualifies the data as a “suggestion” of “possible selling activity.”Santiment’s three-month chart for ETH leaving ICO team wallets reveals a significant uptick in outgoings over the preceding 30 days, as compared with data from mid-September to mid-Oc
For investors who were hoping for a year-end rally to take out of a dark red year in the crypto markets disappointment looks imminent. The price of bitcoin dropped by another five percent week-on-week to continue its decline since mid-November 2019. As a result, more and more bitcoin miners are switching off their machines as the digital currency is trading at a level where it is no longer profitable for operations that do not have access to cheap electricity and do not possess the economies of scale to weather this bear market. Interestingly, despite the soul-crushing bear market that we have experienced since the start of the year, there has been a substantial amount of good news for bitcoin, both as a currency and as an investment class and this week have been no exception. Leading U