The bitcoin weekend has begun on a sad note. Around $600 wiped in about 15 minutes! That sets the market tone for the next 48 hours. Bitcoin is now recovering from an intraday low of $9,402, now up by a mere 1 percent. But its likelihood of continuing its corrective downtrend is higher thanks to…
Researchers at Microsoft are attempting to create a machine learning distribution model atop the Ethereum blockchain. Justin Harris and Bo Waggoner are looking to decentralize an otherwise expensive and burdensome process of accessing machine learning systems. In a paper published at Microsoft Research Blog, the duo explains the underlying issues with the current distribution model…
Despite being one of the most influential blockchain projects out there, Ethereum has been unable to impress investors in 2019. The second-largest cryptocurrency by market cap is down more than 26 percent in July. And regardless of an impressive YTD return of 60 percent, it remained dwarfed before bitcoin, whose yearly returns are almost triple…
Tron is staring at the abyss right in the face. The twelfth largest cryptocurrency by market cap is looking to slip into a bottomless area of trading. Having crashed by almost 75 percent from its 2019 top against bitcoin, Tron appears weaker in its knees to jump back. Data on CoinStats, one of the best…
It’s a season of bitcoin price predictions. Some believe the cryptocurrency is heading to zero, while other forecasts it would hit a seven-figure valuation. Joining the club of crystal-ball astrologists is Dan Morehead of Pantera Capital, who sees bitcoin at $356,000 in a couple of years from now. The founder said in a podcast interview…
The price of bitcoin remained defensive on the fourth day of its prevailing downtrend. The world’s leading cryptocurrency went below the crucial support of $10,000 right ahead of the Asian market open. It continued trending downwards across the rest of the session, rippling a similar sentiment during the European trading hours. As of 16:00 UTC,…
Tron had a day full of wild swings. The world’s twelfth largest cryptocurrency by market capitalization today dropped by as much as 17.80 percent to $0.0218, according to data provided by CoinStats, one of the world’s best cryptocurrency portfolio management apps. The move to the downside initiated because of a stupid reason. Justin Sun, the…
Bitcoin price fell on Tuesday as investors wrapped their heads around increased financial regulations. The bitcoin-to-dollar exchange rate today established an intraday low of $9864.99, down 5.67 percent on a 24-hour adjusted timeframe according to data provided by CoinStats’ cryptocurrency portfolio management app. The move downhill came as a part of a broader downtrend, which…
The price of Tron (TRX) kicked off the week in a negative territory. The TRX/USD on Monday established an intraday low of $0.0335, down more than 4 percent since the market open. The move downhill brought the cryptocurrency’s market capitalization to as low as 2.241 billion. At its 24-hour highest, the cap was $2.368 billion,…
Bitcoin core developer Greg Maxwell recently published the whitepaper of Erlay, a transaction relay protocol aimed at reducing the amount of bandwidth utilized by the bitcoin nodes by almost 84 percent. Co-authored by Gleb Naumenko and Pieter Wuille, the paper discussed how nodes in the current Bitcoin protocol relay Transaction IDs to all its peers. Sometimes,…
