St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

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The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall…

Binance Announces New XRP Trading Pairs and Quote Currency

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Binance is adding new XRP trading pairs for the holidays, including TRX/XRP and XZV/XRP. Furthermore, the ETH Trading Market will be renamed to the ALTS Trading Market, allowing for the possibility of more trading pairs with different quote currencies in the future. Ripple has had a strong month of partnerships and has effectively weathered the…

Zcash Mining Mysteriously Spikes Despite Low Profitability

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Zcash’s network hash rate has mysteriously spiked by over 40 percent since Dec. 10th. It is unknown what is causing the spike, but it could indicate a growing ASIC presence on Zcash, or, more likely, that a large mining conglomerate is returning to the fray. According to information from BitInfoCharts, from Dec. 10th to 18th,…

Binance Chooses NEO’s Delegated Byzantine Fault Tolerance for its BNB Chain

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Binance, the world’s largest cryptocurrency exchange by market cap, will utilize the sophisticated Delegated Byzantine Fault Tolerance (dBFT) for its upcoming Binance Chain product, as seen on a Youtube video released on December 4, 2018. Building a Robust Product First revealed in a tweet last week, Binance Chain is a native blockchain that strives to…

Zcoin Implements ASIC Resistant Merkle Tree Proof (MTP) Crypto Mining

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Today, Zcoin implemented a new mining algorithm that hampers FPGA, ASIC, and botnet mining. Merkle Tree proof of work (MTP) has the potential to move cryptocurrency mining away from huge farms and back into the hands of crypto enthusiasts, once again decentralizing mining. Merkle Tree proof of work mining is a solution implemented to remedy…

NEO Announces ‘NeoFS’ Distributed File Storage, Competing with Dropbox and Amazon S3

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On Nov. 30th, NEO announced—in collaboration with NSPCC—that they are developing a distributed file storage system that would work as a “cornerstone” of the NEO platform. NeoFS would “allow users to take back control of their data,” and would be as “simple to use as Dropbox” or “Amazon S3.” NEO is a blockchain platform with…

TRON Ramping Up Privacy, Adopting zk-SNARKs from Zcash

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In an interview, Justin Sun, the Founder and CEO of TRON, discusses how the platform will implement Zcash’s zk-SNARKs cryptography in Q1 of 2019. Such a move would bring users greater anonymity and privacy. On Nov. 28th episode of The Bad Crypto Podcast, co-host Rachel Wolfson interviews Justin Sun on the progress of TRON’s technology…

TRON Launches a $100 Million Fund for Blockchain Gaming

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TRON, one of the most popular dApp platforms, is establishing a blockchain game fund: TRON Arcade. The company is looking to invest up to $100 million in gaming projects over the next 3 years, building the foundation for a robust blockchain gaming ecosystem. Announcing TRON Arcade The rising star among dApp platforms TRON has stated…

Markets Update: Cryptocurrencies Continue to Suffer From Deep Losses

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It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past seven days. Prices this low have not been seen since the spring of 2017 and at the moment the entire economy of all 2000+ coins has a…

Bitcoin Obliterates $4000 Support Level; Market Loses Another $18 Billion, Altcoins Reeling

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Within the last 24 hours, Bitcoin has once again made a dive through a historic price support after dropping 14 percent, puncturing its $4000 support-level and settling at a yearly low of $3800. In the last ten days, BTC has taken a beating, bringing down most of the market. Having experienced its third major drop…