The Tron Foundation has distributed circa $633.3K worth of USDT stablecoins in an annual percentage return plan (APR). The giveaway came as a part of an incentive plan that would distribute $30 million worth of USDT among early TRC-20 based stablecoin users. In a 31 days period, Tron intends to reward users based on the…
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…
US Treasury Secretary Steven Mnuchin is the new Nouriel Roubini for bitcoin enthusiasts. The comparison borrows fat from the White House official’s string of verbal attacks on the cryptocurrency. Last week, he called bitcoin “a national security threat,” sending it down by as much as 16 percent in just 12 hours. And then, Mnuchin appeared…
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…
