Research has found the vast majority of transactions on EOS, Tezos and XRP do not transfer any value. According to a research paper released on pre-print site arXiv, only 2% of transactions on the XRP ledger and 18% of transactions on Tezos (XTZ) lead to value transfers. They found that during the period of October 1, 2019 to December 31, 2019, 95% of transactions on EOS were related to the airdrop of a currently worthless token. Daniel Perez from Imperial College London, and Jiahua Xu and Benjamin Livshits of UCL Blockchain authored “We Know What They’ve Been Put Through: Revisiting …

Bitcoin (BTC) rallied above $10,000 on May 7 and just when everyone was getting ready for the long-anticipated halving surge the top-ranked cryptocurrency on CoinMarketCap plunged over 15% to hit a low of $8,130.58. However, the sharp fall in price did not attract further selling, which suggests that traders are not panicking and dumping their positions. This indicates that the sentiment is to continue buying on the dips. Crypto market data daily view. Source: Coin360 When Bitcoin plummets, it drags most cryptocurrencies along with it, but it is also important to remember that several major cryptocurrencies have been in an …

Data published by market research firm Fundstrat shows that Bitcoin (BTC) is the top-performing asset class of 2020 so far. The data, posted to Twitter by Fundstrat’s Thomas Lee, shows Bitcoin to have outperformed every other asset class by at least 19% — with BTC having gained 39% since the start of the year. 20-year U.S. treasures rank as the second-best performing asset with a 21.1% year-to-date (YTD) gain, followed by gold with 12.5%, and U.S. treasuries with 8.9%. Global government bonds and the Nasdaq increased by 1.8% and 1.7% respectively, while high-grade U.S. credit and cash funds post roughly …

Billionaire hedge fund manager Paul Tudor Jones has added Bitcoin (BTC) to his portfolio. In a letter to his clients, Jones said that the top-ranked cryptocurrency on CoinMarketCap was likely to play a similar role to the one that was played by gold in the 1970s. Jones added that Bitcoin was the fastest horse, hence, he was placing a bet on it. This move could attract other hedge fund managers to cryptocurrencies as they look to hedge their portfolios against the incessant money printing by the Federal Reserve. Bitcoin’s recent rally above $10,000 is a major sentiment booster. The dominance …

A Chainlink (Link) node provider is launching an “unstoppable” domain with oracalized crypto price feeds. Vulcan Link is placing Chainlink’s crypto price feeds on a ".crypto" domain. The domains are sold by Unstoppable Domains and reside on the Ethereum blockchain which should make them censorship-resistant. Although Chainlink’s price feeds are decentralized, companies like Vulcan Link have to rely on centralized domain registrars like GoDaddy and centralized hosting services like Google or Amazon Web Services for their own websites. Theoretically, their website could be turned off at any time. Unlike a ".com" domain, users can purchase a ".crypto" domain outright. As …

Pantera Capital Founder and CEO Dan Morehead is bullish on Bitcoin (BTC) due to the upcoming halving as he believes that “if the new supply of Bitcoin is cut in half, all else being equal, the price should rise”. If history were to repeat itself, Morehead expects the top-ranked cryptocurrency on CoinMarketCap to rally to $115,212 by August 2021. The CEO also said that gold might be losing its luster but he does not expect the yellow metal to vanish overnight. Bloomberg’s senior commodity strategist Mike McGlone said that in traditional commodity markets, higher prices are an incentive for the …

When Bitcoin (BTC) goes down, Chainlink (LINK) and Tezos (XTZ) go down. But when Bitcoin starts to move upwards, a much bigger move can usually be expected from these two coins as well. As Bitcoin hit a temporary bottom yesterday at $8,450, so did Chainlink and Tezos, which are ranked 12th and 10th by market capitalization, respectively. Crypto market daily performance. Source: Coin360 Chainlink hitting must-hold support and bounces Chainlink has been hovering between a narrow range, as the $3.85-4 level is seen to be a resistance level while the $3.40-3.50 level can be confirmed as support. As the price …

Jefferies Greed & Fear email written by Christopher Wood recommends both retail and institutional investors buy Bitcoin (BTC) ahead of the upcoming halving which is less than eight days away. They anticipate that a rally after the event will be similar to the previous two halvings. Jefferies recommends that investors use Bitcoin to diversify their portfolio, similar to gold. However, forecasting a rally post halving just because the top-ranked cryptocurrency on CoinMarketCap has done so previously might not play out as expected. During the previous two halvings, the main participants were early crypto adopters but that is not the case …

As the world is still reeling from the effects of the coronavirus pandemic, people everywhere are doing what they can to support the effort to find vaccines and treatments. Not to be left out, blockchain projects everywhere have rallied together to supply computing power and money in a concerted effort to accelerate research. What it takes to fight this virus It shouldn’t be surprising to hear that researching treatments, tending to patients and supplying resources are all expensive work. With the added burden of a global pandemic that is threatening the economy, supply chains and the workforce, donating extra resources …

The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows that investor sentiment is bullish. While this is a positive sign, the problem is that most people expect a repeat of the previous bull run. But with coronavirus still not reigned in, investors are likely to sway between extreme optimism and pessimism. Therefore, any up move is likely to have its share of sharp pullbacks. Crypto pioneer Charlie Shrem painted a bullish picture for Bitcoin (BTC) due to the upcoming halving …

A Californian judge has given preliminary approval for a $25 million settlement proposed by the Tezos Foundation to end a consolidated class-action lawsuit. The lawsuit dates back to shortly after Tezos’ $232 million initial coin offering (ICO) in July 2017, when investors started filing claims against the firm, accusing Tezos of issuing unlicensed securities in the U.S. According to court documents from an April 30 hearing, the judge wrote, “the Court will likely be able to approve the settlement, subject to further consideration at the Settlement Hearing”. The date for the Settlement Hearing is yet to be set. If the …

Two leading Tezos (XTZ) teams, SmartPy and Cryptonomic, are making Chainlink (Link) oracles natively available on the Tezos network. The two teams received a grant from the Tezos Foundation to integrate Chainlink oracles into Tezos smart contracts. Cryptonomic co-founder Vishakh told Cointelegraph that their work has filled a key missing link within the Tezos ecosystem: “Most of our core team has worked in finance for multiple years, especially derivatives finance. We’ve worked on mission-critical systems that handle very high notional financial trades. So that's why we're really attracted to Tezos because of on-chain governance and formal verification. But one missing …