Most major cryptocurrencies have started the new year on a positive note. However, in the past 24 hours, the crypto markets are witnessing a sea of red. This shows that the rally has hit a roadblock, which could result in a minor correction or consolidation for the next few days. Such a move will be healthy for the crypto markets because it will shake out the weaker hands. The next dip will also give an idea about the cryptocurrencies that have bottomed out and have started a new uptrend. Acclaimed veteran trader Peter Brandt believes that Bitcoin has bottomed out …

The total crypto market capitalization has risen from about $190.5 billion at the start of the year to over $243 billion. That is a rise of about 27.55% within 17 days. This shows that the bulls are back in action. Another interesting thing to note is that the rally is led by altcoins, which are outperforming Bitcoin (BTC) by a huge margin. This shows that the current rally is more broad-based, announcing the arrival of altseason. Digital asset management firm Grayscale Investments reported that $225.5 million in investments flowed into its products in Q4 2019. That took the total investment …

An Ethereum Classic (ETC) development organization is warning the public against a possible scam that is attempting to exploit users the day after the altcoin completed its hard fork. In a tweet posted by the ETC Cooperative on Jan. 13, they ousted an alleged scam calling itself “EAgharta” in resonance with ETC’s bona fide “Agharta” hard fork: “Needless to say, ‘EAgharta’ is a complete scam, probably from the same people who did something very similar at Atlantis. Stay away. ETC Agharta did not result in new ‘Agharta coins.’ They are just trying to scam you.” Fraudsters say “make Ethereum Classic …

Coinbase CEO Brian Armstrong believes that rising cryptocurrency prices will generate massive wealth for the crypto investors in the 20s. His friends, Olaf Carlson-Wee and Balaji Srinivasan expect Bitcoin’s price to reach $200,000, due to which more than half of the world's billionaires will be from the crypto space. Armstrong also anticipates that “ a “privacy coin” or blockchain with built-in privacy features” will go mainstream in the 2020s. A Burger King outlet in Venezuela has started accepting Bitcoin and a few other cryptocurrencies. This is likely to expand to about 40 locations this year. While this is a positive …

Swiss finance minister and outgoing president Ueli Maurer believes that one of the most ambitious crypto projects of 2019, Facebook’s Libra stablecoin, will not be accepted by regulators in its current form. Though Libra has not seen the light of the day, it has forced a number of central banks to take cryptocurrencies seriously. China could be one of the first developed nations to launch a central bank digital currency. Though cryptocurrency trading is banned in China, the regulators are worried about its comeback. The Chinese government wants to ensure that the digital form of yuan, when launched, does not …

The upcoming Ethereum Classic (ETC) Agharta hard fork will include features of the Ethereum (ETH) Constantinople fork and intends to make ETC fully compatible with Ethereum. In a press release shared with Cointelegraph on Dec. 26, ETC Labs further confirmed its intention to ensure full compatibility between ETC and ETH, as the coming Agharta update is expected to create backward compatibility between the two networks. ETC Labs CEO Terry Culver told Cointelegraph: “Agharta is the first of several exciting upgrades scheduled for the next year. In 2020, ETC is poised to collaborate, innovate, and grow.” In the press release, Culver …

A recently unveiled Deutsche Bank “Imagine 2030” report boldly puts a date on the eventual fiat–crypto “social consensus flip,” citing the Asian continent and, in particular, China, to have already recognized the trend. If true, then what every cryptocurrency speculator and investor would like to know is, when will it happen? The current landscape is a predictor of the future. Analysts talk of the social consensus flip The classification of crypto by Deutsche Bank includes central bank digital currencies, or CBDCs, which is worth keeping in mind while results are discussed. Certainly, the analysts behind the research hold a more …

Blockchain developers organization Ethereum Classic (ETC) Labs Core (ETC Labs Core) has rebranded to ETC Core. In a Dec. 15 blog post, ETC Core technology coordinator Stevan Lohja announced that ETC Labs Core had been rebranded to ETC Core. Lohja stipulated that this rebranding will assist the company to differentiate itself from ETC Labs, one of the first incubators that supported innovative projects on the Ethereum Classic blockchain. Lohja also introduced the Ethereum Classic development team ETC Labs Core at the beginning of 2019. Since that time, the ETC Core team has been working on core ETC projects, supporting the …

The Asian continent and particularly China have been making news and inducing bull runs in the cryptocurrency world these past few months, starting with President Xi Jinping’s comments and progressing to crackdowns. The main question driving the conversation is the Chinese government’s sudden advocacy for blockchain systems and a specific interest in being the first major international power to create a national cryptocurrency, and state-sponsored blockchain solutions. Centralized powers contradict the decentralization movement While the focus is on China, we must remember it is a centralized government with immense state power and, according to some, a history of governmental overreach. …

After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and cryptocurrency fundraising methods. Thai financial services firm Seamico Securities recently announced that it has received approval from the country’s Securities and Investments Commission (SEC) to operate its subsidiary, SE Digital, as a regulated initial coin offering (ICO) portal. In doing so, SE Digital obtained permission to launch the first legitimate ICO in Thailand, with the company announcing that it hopes to raise between 2 billion and 3 billion Thai baht (between around $66 million and $99 million) through the token …

The team behind Ethereum Classic (ETC) has activated the Atlantis hard fork aimed at the improvement of the altcoin’s functionality and compatibility with Ethereum (ETH). The news was announced in a Twitter post by ETC Director of Developer Relations, Yaz Khoury on Sept 12. Khoury congratulated the project with the development, saying: “Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.” Going according to plan As such, ETC successfully performed …

Ethereum Classic Labs, a core Ethereum Classic development and accelerator organization, announced partnerships with social media dApp iZbreaker and blockchain infrastructure developer Second State. Second State will build the next generation Ethereum infrastructure On Sept. 1, the developer and maintainer of the Ethereum Classic blockchain said that they had partnered with blockchain infrastructure developer, Second State. Per the announcement, the partnership “will bring high-impact enhancements into the ETC ecosystem” is intended to create an open-source toolchain and runtime software that powers the next generation of Ethereum-compatible blockchains. Michael Yuan, CEO of Second State, said that they: “Are proud to be …