Cardano Continues to Surge After 1.5 Mainnet Release, Up 15% Over 7 Days

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After the successful release of its 1.5 mainnet, Cardano (ADA) has broken out from its normal trading range, reaching 2019 highs. It appears that after consistently meeting development and restructuring the Cardano Foundation that cryptocurrency enthusiasts are beginning to take notice. Recent Trading Activity Previously, Cardano was trading between $0.0363 and $0.0534 over the last…

Vitalik Buterin Clarifies Fiat Holdings: Analysis of Ethereum Founder’s Net Worth

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Vitalik Buterin, one of the most influential people in crypto and the figurehead behind Ethereum, recently clarified his fiat holdings in response to an analysis of his transaction history on his main wallet address. Based on Buterin’s cryptocurrency wallets, cash from ETH sales, equity in startups, and his annual salary, CryptoSlate estimates Buterin’s net worth…

Stellar Lumens Jumps 7.3% Following IBM World Wire Announcement

Stellar Lumens Jumps 7.3% Following IBM World Wire Announcement

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Stellar Lumens was recently leveraged in IBM’s blockchain solution, World Wire, which uses the technology to help eliminate intermediaries involved in cross-border money transfers. Following the announcement, the price per lumen rose 7.3 percent. Stellar Lumens (XLM) is an open-source cryptocurrency, similar to XRP, that aims to facilitate remittances by creating a platform that connects…

Reviewing EOS’s Ongoing Development Since Its Mainnet Launch

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Since its launch, EOS has faced many challenges, including various security-related issues, several of which have resulted in EOS token holders losing large amounts of funds. EOS, a third-generation blockchain-based cryptocurrency platform designed to enable the “vertical and horizontal scaling of decentralized applications,” has “at least 260 projects being built” on its network. That’s according…

Stablecoin Classifications, Regulations, and Tax Implications from a Certified Public Accountant

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Stablecoins are the latest innovation to emerge over the past year and have the potential to revolutionize not only virtual currency markets but to also become a new mechanism for worldwide commerce. Will stablecoins become the mechanism for stability and liquidity in the ecosystem? The world banking system is viewed by its stakeholders as the…

Bitcoin Transactions Are Steadily Growing, at January 2018 Levels

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Bitcoin transaction volume has climbed to levels not seen since January 2018, potentially indicating growing adoption of the Bitcoin network. One of the more popular metrics used to gauge the ‘real use’ of a blockchain or dApp is the number of transactions taking place on the platform. Although it is not a perfect metric because of…

RChain Cooperative May Need to Liquidate RHOC Holdings to Remain Solvent

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An analysis of RChain Cooperative’s October balance sheet suggests the organization is insolvent with its liabilities greatly exceeding its liquid assets. To meet its liabilities, the organization may need to liquidate a large portion of its RHOC holdings or find another way to renegotiate or refinance its obligations, giving credence to allegations that the organization…

Analysis Suggests that 85 Percent of Monero Network is Dominated by ASICs

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Within the last 40 days, analysis suggests that Monero is once again dominated by ASIC mining, with 85 percent of the network hash rate coming from this specialized computer hardware. The author was able to detect this new wave of ASICs via mining nonce forensics. Background on Monero Monero is an open-source cryptocurrency created in…

Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

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The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments. The launch was part of a seven-point co-operation plan that was unveiled on Jan. 20th. Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises…

Without Regulation ICOs Unlikely to Disrupt Venture Capital According to OECD

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In its January report, the Organisation for Economic Co-Operation and Development (OECD) explained some of the intricacies of ICOs in modern finance. Although ICOs still offer advantages for startups, it comes at a steep cost. The organization concluded that ICOs can’t be properly harnessed until there is regulatory consensus internationally and it is unlikely to…