Opinion

A decade into their existence, cryptocurrencies are starting to come into their own. For long shunned as a fad that would pass with time, they've withstood the skepticisms to gain currency in financial conversations. Today, they attract the attention of individual citizens and corporations that had dismissed them before.  2021 has witnessed a significant jump in the crypto holdings of fortune 500 companies, with some indicating a willingness to buy further into the sector. The question is, which companies have…

USD Coin is considered the second most lucrative stablecoins in the crypto world. It introduced the crypto world to the idea of the USD coin in early May 2018, but the coin itself was launched in September of the same year. Being a stablecoin, the USD coin is backed by the USD currency in the bank accounts.  In 2021, the USD coin has been increasing vastly in adoption, and the trading volumes have been growing vastly recently. Its growth has…

According to a recent press release, CryptoQuant has raised $3 million from industry investors during the recent funding round. The fund was led by  Hashed, a globally renowned blockchain capital firm. The firm has been financially supporting blockchain projects towards a decentralized future and has invested in public blockchain projects like Klaytn and Line’s LINK. Other significant investors who participated in the fund include Galaxy Interactive,  Mike Novogratz, Youbi Capital, and Mirae Asset Capital.  CryptoQuant stated that it would focus…

The testy Sino-crypto relationship may have taken a turn for the worst following the country's latest decree on them. China has openly voiced its uneasiness with privately issued digital assets. For instance, in 2013, it banned Bitcoin(BTC) as a medium of exchange despite recognizing it as virtual property. The country then declared Initial Coin Offerings (ICOs) illegal. Now it has placed a ban on all crypto mining activities in the country. As expected, the crypto world experienced shocks following the…

Bitcoin has for over a decade now been an investor's favorite asset, with over 20 million addresses holding some amount of BTC. It was introduced as a peer-to-peer medium of exchange, used as a payment asset. The idea was to create a network that is entirely free from governmental regulations. Generally, Bitcoin has been successful as an investment asset but has garnered value because of its use as a medium of exchange. However, some investors would want to invest in…

The highly anticipated Ethereum (ETH) hard fork upgrade code-named London is scheduled on the ethereum network on Thursday, according to the countdown on Ethereum.org.  The primary improvement in this hard fork will be a change in how transaction fees work. But, unfortunately, it will also start to destroy coins to trim the pace at which the supply of Ether tokens grows. The upgrade EIP-1559 will ultimately affect how the network handles transaction fees. The move will make transaction fees more…

Bitcoin is trading in a short-term bearish zone after it tanked below $40K on Aug 3 as bulls failed to force a breakout above the $42K level. The coin hit highs of $42,435 on Aug 1 following three days of convincing attempted breakouts above that stubborn resistance, but upward momentum is now fading. BTCUSD has broken below $38.4K at press time after shedding 4% off its gains in the past 24 hours. After breaking below the $39,200 support levels in…

BTC has surprised market participants lately after a 10-day green streak. The price swings will continue, and experts say they’re something long-term crypto investors will have to tolerate. At the time of writing, BTC is exchanging hands for $41,262.62 per unit. Other CoinDesk digital assets were also green, with ether rising by 4.5% to $2,453 and chainlink rising 13% to $21.8. The recent price action is very bullish for BTC, but the weekly close will give the exact confirmation. The…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,655 trillion. Bitcoin is up by roughly 21% after an enthusiastic week. Ethereum has increased by over 19% over the past seven days. XRP records a 25% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $10 billion to the total value…