Opinion

Ethics describes the moral principles that direct an individual’s behavior or how they perform an activity. It draws the line between what is morally good or bad and what is morally right or wrong. Therefore, it would be best to peruse the different cryptocurrency scenarios to determine whether cryptocurrencies and blockchain technology are ethical to society. The increase of 38.38% in cryptocurrency hacks from 2019 to 2020 is an excellent example of its unethical nature. In 2020 alone, there were…

The current financial system experiences a myriad of issues that, in most cases, denies individuals access to financial services. Poverty rates continue to increase when users are financially excluded as statistics register the unbanked population to about 2 billion worldwide.  The launch of Bitcoin in 2009 by Satoshi Nakamoto aimed at substituting the traditional financial model with a fast and more advanced architecture. The outcome is evident since the number of digital currencies continues to increase, accumulating an overall market…

Cryptocurrencies present an impactful stride in the financial system, especially to individuals lacking access to financial services. Through digital assets and blockchain technology, users worldwide can conduct transactions at lower fees, generate passive incomes, and establish stronger communities.  Despite various downsides such as volatility or complex understanding, virtual currencies show a growing interest and recognition from millions of retail and institutional investors. However, the pace of adoption largely depends on monetary sovereignty since the authorities have regulatory powers on whether…

Robinhood stock trading app priced its initial public offering at the low end of its estimated range. The company targets to sell about 55 million shares at that range to raise over $2.3 billion. Robinhood plans to hit the markets on Thursday. On Wednesday, Robinhood said that it would trade under the ticker HOOD. However, instead of selling the bulk of its shares to institutional investors like most IPOs, It is pricing its initial public offering up to 35% a…

Since the start of the week, the crypto market has seen some exciting price action, with yesterday's dramatic bitcoin rally catalyzing price surges across the board. Dogecoin (DOGE) and Cardano (ADA) have been the top beneficiaries of the recent bullish run that has seen the total crypto market add over $1 billion in 24 hours. The two popular altcoins have logged double-digit gains, with DOGE jumping 13% to break above $0.20. The meme coin is currently trading at $0.2023 as…

Living your best life after retirement doesn't just happen. It needs proper planning, discipline, and commitment. We are lucky to live in an age where there are so many ways of achieving financial security in retirement. One of the most promising ways is investing in cryptocurrency.  A cryptocurrency is a form of digital money that is decentralized and based on blockchain technology. A blockchain is a decentralized, open ledger that stores transactions in coded language. In practice, it's similar to…

Stablecoins are a new breed of cryptocurrencies backed by stable underlying assets such as fiat currency real-world assets or on-chain tokens. The approach allows stablecoins to combine the advantages of bitcoin, such as low fees, instant transactions, and complete anonymity, with price stability. The global market cap of stablecoins recently surpassed a $100 billion market cap, representing approximately 5% of the overall crypto market capitalization of nearly $2 trillion. Furthermore, as per the latest report from Analytics Insights, the market-leading…

MDEX is a decentralized exchange network offering exchange and other services in three blockchain networks, including HECO, Ethereum, and Binance smart chain. This automated market maker (AMM) platform is a distinctive network providing much-needed multichain support, thus accessible to all investors. Generally, MDEX as a network has many services that can help create income and efficiency for users. The passive income services provided include trading, staking, trading mining, and liquidity mining. The liquidity and trading mining features are part of…

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 $1,377 trillion. Bitcoin is up by roughly 7% after a turbulent week. Ethereum has increased by over 8% over the past seven days. XRP records a 1% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with minor value increases. The DeFi sector added almost $7 billion to the total value…