Bitcoin (BTC) has had a stellar 2020, but how are other top crypto assets faring? Let’s take a look at how some of the top cryptocurrencies by market capitalization performed this . Bitcoin First, Bitcoin has seen a massive gain since Jan. 1, as its price soared from $7,195 to as high as $28,422. Within 12 months, the price of Bitcoin rose by 290%, outperforming all major stock indices and most stocks, apart from a select few including Tesla (TSLA). The main catalysts behind Bitcoin’s rally have been the increase in institutional demand, favorable financial conditions as a result of …

Eosfinex, the Bitfinex-backed noncustodial exchange running on the Eos network, announced the listing of more than 15 ERC-20 tokens, primarily consisting of governance tokens of major decentralized finance protocols on Ethereum. The listing is made possible by a collaboration with pNetwork, a crypto-asset wrapping network that already brought cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC) to Eos and Ethereum. The pNetwork tokens are distinguished by their lower case "p" prefix — for example, “pBTC” and “pLTC.” The listing on Eosfinex will occur in several phases. The first, scheduled for Thursday, will bring Uniswap’s token (pUNI), Band Protocol (pBAND), Balancer …

The amount of cryptocurrency and blockchain-related hacks has been decreasing over the course of 2020, a new report claims. According to data analyzed by VPN provider Atlas VPN, the number of hacks in the first half of 2020 dropped more than three times compared to the same period in 2019. The data is part of a report released by Atlas VPN on Oct. 28. According to Atlas VPN, 2019 was a record-breaking year for blockchain hackers that exploited 94 successful attacks in the first half of the year, while in H1 2020 there were 31. Per the report, 2019 as …

Blockchain is undergoing a critical turning point, shifting from an emerging technology into a useful business tool that enterprises want to incorporate into existing IT stacks. As more companies continue to explore how blockchain can help achieve digital transformation, major cloud service providers are showing increased interest. For example, Google Cloud recently became a network block producer by joining the EOS blockchain community. Block producers on EOS are elected by token holders to add transactions to blocks, add blocks to the blockchain, and implement software changes. While Google Cloud must still be elected to become one of the 21 active …

Revolution Populi has released layer one of a blockchain solution that the founding team believes could be used as a clearinghouse for crypto and traditional financial transactions. The protocol iterates over the delegated proof-of-stake consensus used by EOS, which employs 21 block producers. Revolution Populi calls its consensus rdPOS, where ‘r’ stands for random. The number of block producers is increased to 63, and 21 nodes are randomly picked as block producers for each round. The team believes that this setup allows for speed while preserving sufficient decentralization. Rob Rosenthal, the company's CEO who spent 19 years at Goldman Sachs …

Google Cloud has joined the EOS blockchain community with the intent of becoming a block producer. This would require approval of the EOS community. EOS, which has often been criticized for excessive centralization, has 21 block producers in total. In the company's press release, Google Cloud developer and advocate, Allen Day, is quoted confirming that his company is starting the process of becoming a block producer: As organizations begin to incorporate distributed ledger technology into their infrastructures, we are committed to ensuring that the information on public blockchains are securely stored, reliably available, and can be accessed in meaningful ways.” …

The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month after having declined consecutively in August 2018 and August 2019. However, gold futures and the U.S. dollar index (DXY) have not been in favor, as both could end the month in the red. Berkshire Hathaway disclosed a 5% stake each in five leading Japanese trading companies, and just a few days back, the company announced that it had a stake in a gold mining company. Daily cryptocurrency market performance. Source: Coin360 Max Keiser of …

In his speech on Aug. 27, U.S. Federal Reserve chairman Jerome Powell said that the central bank will allow inflation to stay above its 2% target level if the figure has been languishing below that level for a long time. Some analysts believe that this could mean no rate hikes for at least five years. In response to the speech, the U.S.dollar index (DXY) resumed its downtrend while gold is trading in the black. This shows that traders believe that the central bank’s change in strategy could debase the dollar further, hence, the demand for gold as a store of …

Blockchain-based payment platform Metal has acquired the multifunctional EOSIO platform, Bloks.io. The binding letter for the acquisition was signed earlier this week, Metal representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed. Originally launched as a simple block explorer for EOS (EOS), Bloks.io has expanded into a multi-purpose EOSIO platform supporting various networks like WAX, Telos, Proton and others. According to Metal, Bloks.io had more than 10,000 daily active users at the time of the acquisition. A spokesperson for Metal told Cointelegraph that Bloks.io is the first and only block explorer acquired by the …

Blockchain-based real estate trading game and DappRadar Top 5 gaming Dapp, Upland, has expanded its metaverse to include New York City, as of Aug 20. The expansion adds virtual properties mapped to actual Manhattan addresses and will be opened in several phases, with the first bubble to launch being the Lower East Side. Further bubbles will cover Midtown, the Upper West Side, the Upper East Side and Chelsea. At the same time, Upland will launch new districts in San Francisco, adding to the existing map. While this may be very exciting news for some, it will undoubtedly leave others scratching …

Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin's price to stop doing what it's been doing for most of the past decade: appreciating.” However, with the S&P 500 hitting a new all-time high today, traders are booking profits in gold and crypto assets. As U.S. markets surge to new highs, Bitcoin price has corrected sharply in the last two days but this is likely to be a short-term blip in a secular uptrend. Veteran investor Jim Rogers thinks that the U.S. stock market is in a …

Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of Canadian gold miner Barrick Gold suggests that Warren Buffet is not confident about the future health of the United States and global economy. Morgan Creek Digital co-founder and partner Jason Williams believes that although Buffet might not directly invest in Bitcoin (BTC), it is likely that one of the younger managers will. Daily cryptocurrency market performance. Source: Coin360 With gold making a sharp move today, Bitcoin has also followed it …