Opinion

Bitcoin's excessive price volatility has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride. In April 2021, it hit an all-time high price of around $64 000. Furthermore, 2017 was a historic year in Bitcoin's price charts. Then, the coin started trading at $1,000 and ended at $19,783.06, representing a 1,824% increase in value.  Bitcoin has historically risen in value, with experts predicting that the…

When Bitcoin first appeared on the digital scene in 2008, the world snubbed it. Sure, it happened during the economic crash, but traditional banking institutions couldn’t become obsolete overnight due to cryptocurrency. Or could they? What started as a trend quickly turned into an opportunity for people worldwide and a threat to others. Today, over a decade later, Bitcoin is a global sensation. But, can cryptocurrency be the future of finance and the economy? Crypto vs. Traditional Finance The crypto…

Ethereum’s founder just called The Bitcoin Law “reckless” and opposed to freedom. But it’s the most practical way forward for the well-being of El Salvador. The Article 7 Controversy On June 9th, 2021, El Salvador made world history by passing a digital currency, Bitcoin, as legal tender alongside the US Dollar. President Nayib Bukele and Strike developer Jack Mallers announced the law at the twelve thousand-person Bitcoin conference. The crowd received the news with thunderous applause, and congress cast an…

A little over a month ago, aelf launched its mainnet token swap, one of its most essential upgrades in Q3 2021. aelf aims to build a blockchain infrastructure that connects with existing ecosystems such as Bitcoin and Ethereum.  According to the official website, the bridge is already running on aelf. But, what does the future hold for aelf? Let’s have a more in-depth look at the ecosystem’s roadmap! What is aelf? aelf is a digital assets technological company whose focus…

The Chinese Communist Party (CCP) has maintained a hostile relationship with bitcoin and other cryptocurrencies for years now. The leadership in the Asian country considers crypto a threat to its ability to exert overarching influence on individuals' freedoms. Peer-to-peer, distributed networks like Bitcoin offer folks the ability to evade government surveillance and capital controls. They have therefore become the CCP's worst nightmare. The Chinese government has continued to expand the scope of its crypto bans since 2013. That's how it…

Market manipulation by significant exchanges throughout the world has been a critical issue for most crypto traders. More so, the underdogs in the crypto industry are at a wild toll. Crypto whales only require to move a massive amount of crypto to determine how the marketing strategies go. Recently, Tether and Bitfinex found themselves in a spot concerning the same. Both blockchains have been in a fix. The two professors acting as plaintiffs declared their lawsuit against Tether and Bitfinex…

A resurfaced video of Peter Thiel has him forecasting a form of private, cryptographic money back in 1999. Let’s examine Thiel’s early prediction, and measure it against what Satoshi Nakamoto developed 10 years later.   There’s nothing like being ahead of your time. It’s always fascinating to study historical figures who have accurately predicted present realities that once seemed unfathomable. For example, would you believe that Alexander Graham Bell foresaw global warming over 100 years ago? Or that Nikola Tesla…

Central bank digital currencies (CBDCs) are all the rage right now. These assets have been increasing since last year, and they continue to do so. Today, estimates suggest that countries representing 90 percent of global GDP will launch CBDCs in the next decade. So, what exactly is the impact of these assets on economies? The rise of CBDCs has been inspiring for sure. China started the race, launching trials for its digital yuan in 2020. Even with the global pandemic, problems for the…

The entire world is looking into currency digitization right now. Countries everywhere are launching central bank digital currencies (CBDCs) and switching. The move towards this new development primarily started with China. Xi Jinping's administration had seen CBDCs as a means of transforming its economy. So, in 2019, it began work on a CBDC. Since China started its mission, several other countries have joined in. Many of them have been looking to optimize their currencies and make them more effective. So, digitization seemed like…