Opinion

Bitcoin and cryptocurrencies have become a $2 trillion asset class in a little over a decade, showing that they hold the potential to disrupt the legacy banking system.  However, cryptocurrencies can't seem to shake their reputation as the "wild west," a lawless space riddled with scams that lacks any regulatory oversight.   That said, things could soon change as a growing appetite from institutional investors applies pressure on regulators to accept crypto as a viable financial system. This guide examines why…

C-stores or convenience stores are small retail stores with a good variety of products offered to clients. They are usually the one-stop point for locals seeking to resupply their houses. They offer the convenience of easy access from people's homes. On the other end of the spectrum are cryptocurrencies. Billed to be the next evolution of payment forms, the blockchain-based digital currencies have been thoroughly shaking up the financial sector.  Not only have they made funds transfer faster but also…

Chinese technology company Alibaba plans to introduce a Non Fungible Token section, powered by the "Guangjian" NFT digital collection, into its innovative Auction service. The news comes as stories of Alibaba's collaboration with rivals Tencent continue to stir up. Alibaba's plot to dive into the NFT market echoes its plight to tap into blockchain technology. Guang Jin is an NFT platform that Bit Universe recently launched on August 15. Surprisingly, Guang Jian almost immediately gained the interest of Alibaba. According…

El Salvador is the first country globally to make Bitcoin a legal tender, despite the coin's enormous popularity. Yet, surprisingly, countries like China are openly against Bitcoin becoming a legal tender. Bitcoin's ultimate goal is to become a globally accepted financial system that could allow the exchange of goods and services, i.e., legal tender. However, the journey to Bitcoin becoming a legal tender continues to face a myriad of regulatory issues. In the United States, The Financial Crimes Enforcement Network…

Disruptive technology is the type of tech that radically changes the way consumers, businesses, and entire industries operate. Blockchain technology is one of the most disruptive technologies of the 21st century. It has completely revolutionized banking by eliminating 3rd party intermediaries like banks and money transfer firms with its peer-to-peer transaction support. No one would have thought of a day when banks aren't needed in the financial world. Consequently, customers have taken note, with adoption rates rapidly picking up. Yet…

Terra plans to introduce an upgrade dubbed Columbus-5 on September 9th in a mission to improve the network and create more use cases. This is by far the most significant upgrade the system has ever made. As the days get closer to usher in upgrades, the LUNA coin performs very well in the markets, potentially going higher.  Introducing The Columbus-5 Upgrade Columbus 5, Col-5 is a new system that may come to light in mid-September, inheriting the Columbus 4 system.…

The cryptocurrency industry is slowly but surely catching up with the world today. It has transcended through skepticism and unpopular culture to become one of the most thriving spaces in the financial sector. Furthermore, it has a top option for people looking to invest their money, whether due to its lucrative nature or monetary insurance. Over the years 2020 and 2021, we have seen several digital currencies skyrocket to new all-time highs. However, as the crypto world thrives, so do…

A 2019 statistic showed that a total of 44.9 million immigrants resided in the U.S alone, making up 13.7% of the nation's population at that time. Ideally, immigrants move from one country to another for better job opportunities, improved living standards, family reunification, or even escaping violence.  However, whatever the reason could be for their movement, immigrants encounter significant challenges acquiring basic needs such as financial services. Moreover, lack of proper documentation makes immigrants ineligible for acquiring such services as…

Cardano is one of the most popular, trusted blockchain networks promising to provide decentralized finance services. The network launched in 2015 and has provided a very successful coin that has attracted millions of users globally.  The Cardano coin (ADA) has a current unit price of $1.5 and a market cap of about $50 billion. So there's no doubt that the coin has high value and could be an excellent investment prospect.  However, since its launch, the Cardano network has been…