Actual world of crypto

  On November 17, the price of bitcoin touched another 2020 all-time high (ATH) when the crypto asset surpassed the $17k price zone on Tuesday. Bitcoin dominance has risen higher during the last few months and currently hovers at 65% this week. Despite the massive rise in bitcoin value during the last few months, altcoins are not performing as well as they did when bitcoin was at this price range three years ago. Back in 2017,  bitcoin (BTC)  touched an all-time high (ATH) on December 17, when it reached $19,600 per coin that year. Bitcoin’s dominance index was slightly different in 2017 than it is today, as numerous altcoins saw significant increases in value three years ago. Bitcoin dominance is essentially the recorded metric of  BTC ’s market capitalization paired against the 7,000+ other altcoin market valuations in existence today. The altcoin value increases seen three years ago, continued into the next year and on January 14, 2018, Bitcoin’s dominance index f...

  China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. A total of 37 crypto projects are ranked this time around overall as well as in three separate categories: basic technology, applicability, and creativity. The top four positions remain unchanged overall from the  previous  ranking, with Dash replacing  NEO  in the fifth position. Bitcoin climbed from the 14th position to the 11th place while Bitcoin Cash rose slightly from the 30th to the 29th position. IOTA continues to rank the lowest. According to the center, the basic technology subindex accounts for 65% of the total score, the applicability subindex 20%, and the creativity subindex 15%. The ranking and evaluation work is carried out every two months by the CCID (Qingdao) Blockchain Research Institute, an entity established by the CCID, with the help of several organizations,...

  On December 2, 2020, the organization and full node project Bitcoin Unlimited is hosting a week-long hackathon that aims to build the future of finance by leveraging the decentralized crypto network Bitcoin Cash. The event dubbed “Coinparty 2020” aims to get the top crypto talent in the world to compete for $17k worth of bitcoin cash prizes. The cryptocurrency community has grown massively in 2020, and there’s been a number of new and exciting innovations this year. Bitcoin Unlimited (BU) wants to bring a number of useful innovations to the Bitcoin Cash ( BCH ) network and the organization is hosting a hackathon to bolster this goal. The event is called “ Coinparty 2020 ” and it’s not only supported by BU, but also the team of peer-to-peer electronic cash proponents Satoshi’s Angels and the firm General Protocols as well. “Join our hackathon to collaborate and compete with top crypto talent from around the world,” the event’s web portal details. “We welcome talented people from a...

  On Monday evening November 16, the popular bitcoin evangelist Andreas Antonopoulos tweeted about his upcoming role in the high-profile billion-dollar bitcoin lawsuit, Kleiman v. Wright. Antonopoulos said that he will be “testifying at trial” during the month of April 2021, even though Craig Wright’s defense team tried to exclude him. It seems the ongoing high-profile lawsuit, Kleiman v. Wright will continue into 2021, and maybe even longer depending on the situation with Covid-19. However, new information has been published by the courts that show a lot of deliberation and arguments over expert testimony. On November 16, one of the individuals planning to testify, the bitcoin evangelist and technical author Andreas Antonopoulos  tweeted  about his upcoming appearance in the billion-dollar lawsuit. “The federal court in Kleiman v. Wright has affirmed my status as an expert witness in the case, rejecting the ‘Daubert’ motions by the defense that tried to exclude me and ot...

  In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds “may hold long and short positions in digital assets.” Skybridge Capital , another well known wealth manager with over  $7.7 billion AUM,  told the SEC on Friday it may invest in digital assets like bitcoin. The  SEC filing  discusses the overall assessment of the firm and includes a large summary of how Covid-19 is affecting the economy. Buried deep in the pages of certain assets, derivatives, ETFs, ETNs, and other investment vehicles, Skybridge notes the G II Fund may enter the crypto economy via a myriad of angles. Not only did the fund say it “may hold long and short positions in digital assets,” but...