Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the List

Top-5 Crypto Tokens Pronounced 'Dead' — NEM and BCC Head the List 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market.This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared…

Binance Expands Fiat Trading Pairs for Singapore Exchange

Binance Expands Fiat Trading Pairs for Singapore Exchange 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. Now, Binance Singapore will now allow users to buy and sell cryptocurrency for Singapore dollars. Currently, local users can buy Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) on the platform, with more crypto coming in the future. The platform reportedly allows for instantaneous deposits and withdrawals via the…

Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, the Block reported on July 10. Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others. Unlike an initial coin offering-like approach, Near decided…

Why Traders Believe Altcoins Are Overpriced

Why Traders Believe Altcoins Are Overpriced 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, “We’re going to stick our neck out at this stage and call this the end of Bitcoin.” Well, Bitcoin certainly didn’t end in 2014, but this hasn’t stopped other experts and commentators from throwing the word “bubble” around with gleeful abandon in the half-decade since…

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3. In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.  Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.  “We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are…

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1. As per the report, the total flat value of BTC spent on illegal activity so far this year is thought to be $515 million. The research suggests that by the end of the year, this figure will double to reach $1 billion. However, the amount…

Daily Ethereum Transactions Exceed One Million, a First Since May 2018

Daily Ethereum Transactions Exceed One Million, a First Since May 2018 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that the protocol distributed 500,000 of its tokens, although the company did not reveal the exact amount of funds raised. The Block notes, that during the recent round Polkadot purportedly sold 5% of the total token supply, which should theoretically bring $60 million to the protocol’s…

Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack

Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24. While the amount of sETH in question is known to be over 37 million, the price of this loss in U.S. dollars is reportedly unknown due to its relative illiquidity on secondary markets. Synthetix allows users to mint and trade synthetic currencies peer-to-peer (P2P) on the Ethereum blockchain. One such synthetic currency is the token sETH, which apparently tracks the price…