On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Altcoins surged 10-20% last night and Bitcoin (BTC) simultaneously hit a new 2019 high of $8,365. The crypto market pulled back a bit with Bitcoin (BTC) dropping to $7,800, but now, Bitcoin (BTC) has climbed back to $8,000. Coinbase now has $1 billion in their cryptocurrency custodian service for institutional investors, with $150 million invested per month on average, and this is an indication that institutional investors are moving into the crypto space. Hear about how Bitcoin Cash (BCH) accidentally had a chain split yesterday during a hard fork, and how Stellar’s (XLM) network stopped working for two hours yesterday due to a series of errors. We discuss how the mempool has swelled to 40-50 MB, the highest levels of 2019, and Bitcoin (BTC) transaction fees are near $4. The Lightning Network needs to increase its capacity in order to solve this scalability problem. We also discuss how ransomware solutions firms often pay the hackers a ransom instead of actually getting rid of the ransomware themselves, and they charge customers even more than the ransom they paid. Learn about how 376 whales hold 30% of all Ethereum (ETH) and 500 whales hold 20% of all Bitcoin (BTC). This is still fairly decentralized, however.
Bakkt Physical Bitcoin Futures End Up Being About The Same As CME Despite The Hype: Physical Deliveries Running Less Than 20 Bitcoins (BTC) Per Month, Contracts Are 37% Backed By Cash And Treasuries And 0% Backed By Bitcoin (BTC)
December 9, 2019
Venezuela Needs Cryptocurrency More Than Ever Before Amid Fiat Currency Collapse, A Cup Of Coffee Costs Over 100,000 Bolivars, And The Minimum Wage Per Month Is Only $2
April 29, 2020