Almost $9 Billion of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were moved on the blockchain in a single hour, excluding change volume, which is Bitcoin that returns to the sender. Bitcoin’s high transaction volume was pointed out by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that such a high hourly transaction value was a first for the network: “It’s the highest hourly USD transaction volume in Bitcoin’s history.” Bitcoin hourly on-chain transaction volume in U.S. dollars. Source: tweet Bittrex is responsible…

Ripple Transfers 1 Billion XRP Tokens From Escrow Wallet and Back Again

Whale Alert, the ever-vigilant live tracker for cryptocurrency transactions, noted that Ripple transferred a total of 1 billion XRP tokens from its escrow wallet on Dec. 2. The blockchain-based payments firm moved the massive amount of tokens in two separate transactions, worth around $219 million in total as of press time. Interestingly, the company transferred the exact same amount of tokens back into escrow only seven minutes later, this time in three separate transactions. Is Ripple crashing the token’s price? This isn’t the first time that Ripple has executed such…

Blockchain Can Reduce Food Fraud By $31 Billion Within 5 Years

The food industry could save up to $31 billion in global fraud savings by tracking food on its way from farms to consumers via the blockchain. A Nov. 25 study by Juniper Research reveals that blockchain technology, in combination with Internet of Things (IoT) sensors and trackers, will greatly reduce retailers’ costs by streamlining supply chains, while simplifying regulatory compliance, offering more efficient food recalls, and tackling fraud. The study points out that the increased adoption of blockchain and IoT in the supply chain industry will add significant value to…

Crypto Market Recovers $15 Billion, Bitcoin Flirting With $7K

The total crypto market cap is currently correcting higher from the $170.0B support area. Bitcoin price is up around $250 and it is now trading near the $7,000 resistance area. EOS price jumped from the $2.350 support area and climbed above $2.500. Ethereum price is showing positive signs above the $142 level. BCH price bounced back and it is now trading above the $200 pivot level. Tron (TRX) price is back above $0.0140 and it could soon revisit the $0.0144 resistance area. Bitcoin (BTC) and the crypto market cap are…

Jeff Bezos Better Get Used to Losing after Amazon’s $10 Billion Blow

Amazon took another hit recently losing a key contract to Microsoft. This is yet another setback for Jeff Bezos in 2019. Amazon’s best days are behind it. Jeff Bezos is used to beating his rivals. Remember Toys R Us, Borders, Sears, or your local childhood mall? Amazon bulldozed all of them in its path to retail supremacy. And in doing so, Jeff Bezos became the world’s richest person. But Bill Gates reclaimed that title earlier this year. And that’s just one of many big losses Bezos has taken in 2019.…

Crypto Market Dives $40 Billion In Nov, More Losses Likely: BNB, BCH, LTC, EOS Analysis

The total crypto market cap is down close to $40.0B this month and remains bearish. Bitcoin price is down around 3% today and it is now approaching the $8,000 support. Litecoin (LTC) price is down around 5% and it broke the $60.00 support area. BCH price is currently accelerating its decline below the $260 and $250 levels. EOS price is down more than 6% and it is now trading near the $3.200 support area. Binance coin (BNB) broke the key $20.00 support area to enter a bearish zone. Bitcoin (BTC)…

Crypto Platform Celsius Network Reaches $4.25 Billion in Total Loans

Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with Cointelegraph. Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in July 2018 calculated at current Bitcoin (BTC) prices, a 93% increase from the $2.2 billion reported on Aug. 1, 2019. A fast-growing lending network The company also claims $450 million in customer deposits and collateral from loans under management, which represents a 50% increase from $300 million on Aug. 1…

Will Stellar’s 55 Billion XLM Burn Trigger a New Bull Cycle?

On Nov.4 Stellar Lumens announced the completion of a 50% token burn of their total supply. This led to the destruction of 55 billion (XLM) tokens and the Stellar Development Foundation explained that the token burn was designed to provoke efficiency within the Stellar ecosystem. Crypto market data daily view. Source: Coin360 The price of XLM surged 25% after the announcement this triggered the market to become bullish on the altcoin. Given that a growing number of altcoins are beginning to produce noticeable returns, an analysis of the technical aspects…

Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD

The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.  According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward.  Of the over 85 billion tokens that were earmarked for SDF operations, giveaway programs and partnership programs, the SDF burned over 55 billion.  At a current price of $0.085 per token, the…