Bitcoin’s market dominance has been holding above 65% mark since late July of this year. This shows that Bitcoin continues to garner the maximum interest from the market participants. There were periods in the past few months when it looked like an “altseason” was around the corner but it never materialized. Most major cryptocurrencies — led by Bitcoin — topped out in June of this year and have been gradually moving lower since. At the end of the year, in the absence of any major trigger, fresh money is unlikely to enter the space. Most institutional players prefer to park …

A payments platform that has the vision of delivering “cryptocurrency in every wallet” says it has now added EOS support in its products Crypto.com says it has a determination to make buying, selling, sending, paying, tracking and even earning cryptocurrencies far easier than it is now. According to the company’s executives, the platform is also boosting the utility of EOS by integrating the cryptocurrency into several of its flagship services. The world’s seventh-largest cryptocurrency is now supported by Crypto Earn, a tool that enables users to receive interest on their coins and tokens. Savers can deposit their crypto for a …

Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as it shows large investors have been accumulating Bitcoin during its bear phase. There is, however, no major change in the top 1,000 addresses, as their holdings only inched up from 34.4% at the end of 2017 to 34.8%, according to Flipside. While retail traders have been worried about picking a bottom, large investors are looking at the possible upside to be attained over the …

Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks. "The centralization of the Internet by companies such as Facebook and Google has created a distorted reality where fake news and blatant lies get the same treatment as documented truths,” said Mashinsky. Mashinsky said that the rise of centralized social media networks has resulted in an increase in fake news, causing a great deal of confusion regarding the basic facts of issues and events. Mashinsky also noted that fake news stories …

Paris-based asset management firm Napoleon AM has announced the launch of a specialized professional fund under French law, the Napoleon Bitcoin Fund. The fund would replicate the price of the cash-settled Bitcoin futures listed on the Chicago Mercantile Exchange. According to the company, this is one of the first regulated products giving exposure to Bitcoin, with which institutional investors can diversify their portfolio. While the firms are launching crypto products for professional investors, not every investor is confident about the future of Bitcoin. Billionaire investor Mark Cuban believes that BTC could never become a reliable currency because “it's too difficult …

It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues the RMI struggles with, including high costs of remittances. A crypto legal tender could purportedly create a situation where the solution to costly remittance is “baked into” the monetary system itself. Examining SOV’s white paper, Cointelegraph noticed that it hints at a Delegate Proof of Stake (DPoS) system that is probably derived from EOS, specifically when it comes to block production. Cointelegraph reached out to Jim Wagner, …

China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter real service scenarios such as transportation, education, and medical treatment,” which will reach the end users. The project will be overseen by the Chinese central bank and will include four major banks and large corporations such as China Telecom. This is a significant step as it will give China a major head start over other developed economies. Daily …

Voice, the social media platform first unveiled by EOS creator Block.One in June, announced that it will launch in beta on Feb. 14 — Valentine’s Day — in 2020. Voice announced the beta launch date in a blog post published by the project on Dec. 5. The firm also promises that it will share its progress with the community as the development goes on. Voice also claims that thousands have already signed up to take part in its beta testing. The firm also admits that the initiative is still plagued by regulatory uncertainty and that it is still working with …

In its “Imagine 2030” report, Deutsche Bank strategist Jim Reid forecast that by 2030, digital currencies could replace cash. Reid said that in order for mainstream integration to occur, digital currencies will have to convince regulators that they are safe for investors and find solutions for issues such as cyber attacks, electricity consumption and digital war. Cryptocurrency adoption by a large traditional financial institution could also signal that digital assets could one day replace fiat currencies in the future. To counter the possibility of fiat currencies being undermined by cryptocurrencies, several governments are planning to issue their own central bank …

On Dec. 2, open interest on Bakkt’s Bitcoin futures reached a new all-time high. This came just a few days after the daily Bitcoin futures trading volume had hit a lifetime high. These back to back trading volume records show an increasing interest from institutional investors but the majority of the crypto community is still wondering why Bitcon’s spot price is not steadily increasing. Bakkt’s launch of Bitcoin options contracts on Dec. 9 is likely to attract more players to trade the digital asset. As the derivatives market size increases, it could have a greater effect on Bitcoin’s spot price. …

Bitcoin price continues to trade with an advantage to bears but this does not mean investors or miners have capitulated. About 64% of the total Bitcoin mined to date has been dormant in wallets since 2018. This shows that Bitcoin hodlers do not believe in trading for short-term gains, as they anticipate much higher prices in the future. While this might be a feasible strategy for the whales, retail traders can rake up profits if they buy during periods of deep distress and sell their positions during times of euphoria. One of the events that many hopeful investors are anticipating …

This is the second year in a row that November has turned out to be the worst month for Bitcoin (BTC) of the year. In 2018, Bitcoin’s price had plunged 36.18%. While this year, the decline has been 17.51%. However, December is an important month to watch out for. Since 2015, Bitcoin has moved more than 30% in December. If history were to repeat itself, traders should buckle up for some violent moves in this month. At least five Chinese cryptocurrency exchanges have halted or terminated operations in November. This is the latest crackdown on crypto trading in China since …