Will China’s “Crypto” Project Challenge Bitcoin?

August 15, 2019  /  by Crypto.IQ
China’s ‘cryptocurrency’ launch is just around the corner. After five years of extensive research and development, the People’s Republic of China is set to release its own cryptocurrency. This was made known by Mu Changchun, a top official at PBoC payments department, at an event held by China Finance 40 Forum (CF40) in Yichun County,… Read more

Coinbase UK No Longer Supporting Zcash (ZEC)

August 14, 2019  /  by Crypto.IQ
Coinbase has informed its customers in the UK that it will stop supporting (ZEC) starting August 27th.   The change will only affect UK-based users of Coinbase. Zcash holders have been prompted to either withdraw their ZEC coins or convert them to another available currency. Users who fail to take the prescribed steps will see the… Read more

Crypto Takeover: $481 Million in Ethereum and Bitcoin Locked in Alternative Financial Instruments

August 13, 2019  /  by Crypto.IQ
Cryptopreneurs are building a new decentralized finance ecosystem. Based on cryptocurrency, the movement is designed to replace conventional financial instruments, with a better alternative (decentralized) that is not under the control of governments or big corporations.  According to DeFiPulse.com, cryptocurrencies worth approximately $481 million are currently locked in several decentralized finance protocols and online platforms.… Read more

India Likely To Lose An Estimated $13 Billion Market In Case Of A Crypto Ban

August 13, 2019  /  by Crypto.IQ
If India does proceed with the proposed ban on cryptocurrency, the country is expected to lose an estimated $13 billion market. A research expert in the crypto industry has just come up with a grim forecast about what might happen to the country if they put a complete ban on crypto. Sidharth Sogani, the CEO… Read more

Coinbase Adds Tezos (XTZ) But Trading Not Available in New York

August 13, 2019  /  by Crypto.IQ
San Francisco-based top crypto exchange Coinbase now supports Tezos (XTZ) on its platform. The company announced in an official post released on Thursday. For the first time ever, Tezos (XTZ) trading was live on Coinbase.com and on Coinbase Android and Apple applications. The Twitter announcement read: “Tezos (XTZ) now goes live at https://t.co/bCG11KveHS and in… Read more

Whales Reportedly Control Nearly the Entire Tether (USDT) Supply

August 12, 2019  /  by Crypto.IQ
Whales reportedly hold around 80% of the entire Tether supply leading to risks of Bitcoin price manipulation. A Pod of Tether Whales A report from Coin Metrics says that 318 addresses holds 80 percent of the total Tether stablecoin supply right now. According to the study, at least $1 million in USDT belongs to each… Read more

Bitcoin Forecast: Asset Will be Held in Many Hedge Fund Portfolios

August 9, 2019  /  by Crypto.IQ
Investors all around the world are becoming more and more interested in Bitcoin. In awe of Bitcoin’s “amazing run” in recent years, Don Steinbrugge, the CEO and Founder of Agecroft Partners, predicted that the cryptocurrency would become a staple in hedge fund portfolios. In an August interview with CNBC, Steinbrugge described Bitcoin as “fantastic technology”… Read more

Bitcoin Dominance At 70% For the First Time Since 2017

August 9, 2019  /  by Crypto.IQ
On Tuesday, the Bitcoin dominance rate hovered close to 70 percent for the first time since the 4th of December 2017. At approximately $217.91 billion, Bitcoin now contributes up to 69.93 percent of the entire cryptocurrency market capitalization. The world’s leading cryptocurrency hit its lowest level in January 2018, covering just 36.68 percent of the… Read more

Bitcoin Becomes World’s Eleventh Biggest Money Supply

August 8, 2019  /  by Crypto.IQ
Bitcoin has seen exponential growth over the last decade since it was launched in January 2009. It’s just achieved another landmark as it now becomes world’s eleventh biggest money supply – larger than the currencies that belong to some of the most powerful nations. Boasting a market capitalization just above $200 billion, Bitcoin has become… Read more

Coinbase Plans on Introducing Eight New Coins Including Decred, Dash, Algorand, and Cosmos

August 7, 2019  /  by Crypto.IQ
Coinbase plans to introduce eight new cryptoassets for platform users, including Cosmos (ATOM), Algorand (ALGO), Decred (DCR), Dash, Matic, Ontology (ONT), Harmony (ONE), and Waves. However, the firm is planning to add these digital assets on a jurisdiction-by-jurisdiction basis in accordance with the regulatory framework that governs the area of their operation. Besides, Coinbase also… Read more
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