Stellar Foundation and Elliptic Ink Exclusive Deal

The Stellar Development Foundation, or SDF, a non-profit tasked with fostering Stellar’s network growth, unveiled new ties with crypto risk-management operation, Elliptic, on April 30.  The partnership sees the SDF calling on Elliptic’s crypto risk expertise for businesses and financial institutions based on Stellar blockchain, SFD director of communications Lauren Thorbjornsen told Cointelegraph in an April 30 email.  “These services are live and available for businesses on the network today as Elliptic launched the world’s first Stellar network transaction monitoring system,” she said. What does it all mean? Essentially, Elliptic now brings…

Miner Survivability Post-Halving: A Hash Rate Comparison

The market for selling hash rate in exchange for Bitcoin (BTC) has undergone staggering growth in the epoch since the last halving. There is almost 100 times the level of competition today as there was four years ago, up 125 exahashes from 1.4 exahashes. After the last halving in 2016, 16nm chips were first hitting the market, pushing 14 terahashes per second, or T/s, at an efficiency of 100 watts per terahash. Since then, 10nm, 7nm and now 5nm chips have switched on, with over 100 T/s now consuming just…

Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only 10 days away, and Bitcoin’s price seems to be acting accordingly, having surged an incredible 23% to a monthly high above $9,400 earlier this week.  A widely celebrated event in the cryptocurrency industry, the halving is part of the Bitcoin monetary policy, in which every four years, the Bitcoin mining reward is cut in…

Study Shows UK Blockchain Companies Are Shifting Back To Traditional Funding Strategies

A new study released by venture capital firm, MMC Ventures, found that UK blockchain companies are turning to traditional capital raising strategies, noting that the Initial Coin Offering, or ICO, model is becoming “increasingly” difficult to utilize. According to the research published on April 30, ICOs represent a “valuable” funding source for open-source projects. However, they allege that cheap access to capital combined with a lack of understanding of the esoteric concepts involved in most crypto projects, generated the perfect conditions for a “bubble.” The research further quotes a study,…

Former Bakkt CEO and Current US Senator Loeffler Sees 20% Approval Among Voters

Per a new poll of Georgia republicans released on April 29, Senator Loeffler (R-GA) seems to have a rough road ahead of her en route to the special election later this year. Loeffler’s appointment and coming election Georgia’s Governor Brian Kemp initially appointed Loeffler to her senate seat in December following Sen. Johnny Isakson’s announcement that he would retire at the end of 2019 facing declining health.  As she attained her seat by appointment rather than election, Loeffler will need to win a special election at the beginning of November…

Decentralized VPN Gaining Steam at 100,000 Users Worldwide

Blockchain-based ecosystem, Tachyon, has a decentralized virtual private network, or VPN, hosting 100,000 users as of April, according to V Systems chief architect, Sunny King.  “Tachyon has started open pilot testing,” King told Cointelegraph in an April 25 email. “Features are introduced step-by-step,” he said, adding: “I’m delighted that Tachyon VPN has just reached 100,000 users globally this month and I believe that eventually it would enable a vibrant VPN service marketplace for the world.” Tachyon and V Systems go hand in hand Pseudonymous proof-of-stake, or PoS, creator Sunny King…

Bitcoin Has Entered “Optimism” Phase — Is “Belief” Or “Fear” Next?

Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the company suggests that the various value bands indicate market phases. Source: Glassnode With the recent increase in the price of Bitcoin, apparently, the market has migrated from “Hope” to the “Optimism” phase. Next, the asset could either continue its momentum and enter…

Is Elon Musk Selling His Bitcoin?

As part of a recent series of nonsensical tweets, Tesla’s eccentric founder, Elon Musk, expressed plans to sell all his physical possessions. Are his Bitcoin (BTC) holdings included in the fire sale? “I am selling almost all physical possessions,” Musk tweeted on May 1. “Will own no house,” he noted, adding: “Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul.” Musk rattled off strange posts to kick off May Musk followed up his fire sale tweet with a comment…

Second Place Is Still Great, CZ!

Following Binance’s acquisition of CoinMarketCap, we have some great news for Changpeng Zhao: the silver medal is still worth winning. To celebrate the seventh anniversary of the platform’s launch, CoinMarketCap invited crypto industry participants to ‘roast them’ today. And we’re happy to oblige. @Cointelegraph: Since your writers never create any original content, wanna try your hand at being creative for once and roast us? #RoastCMC — CoinMarketCap (@CoinMarketCap) May 1, 2020 We reviewed the numbers with Jon Chu, VP of Product at Blockfolio, to find out if CZ really bought…