Opinion

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 $1,307 trillion. Bitcoin is down by roughly 5% after a highly volatile week. Ethereum is down by almost 13% in the past seven days. XRP has dropped by nearly 17% over the week. Binance Coin, Polkadot, and Cardano have lost precious value points. The DeFi sector lost almost $5 billion in total value protocols…

Microsoft presented the new software, Windows 11, during an online event on Thursday. The update represents a significant overhaul of its flagship operating system for personal computers.  The announcement comes about six years after introducing Windows 10, the world's most widely used PC operating system, with over 1.3 billion devices. You will have to run a 64-bit CPU (or SoC), 4GB of RAM, and 64GB of storage. Unfortunately, the specs are only slightly higher than Windows 10's current requirements to…

Athena Bitcoin company spokesman has just confirmed that it aims to invest more than $ 1 million (approximately Rs 7.4 crore) to set up cryptocurrency ATMs in El Salvador, particularly where foreign residents get remittances. Citizens can use ATMs to either buy or sell Bitcoins for cash. El Salvador's President, Nayib Bukele, is invested in seeing more people use and transact in cryptocurrencies. He has, however, made clear that the rumors about mandating the use of Bitcoin for every citizen…

As per reports by Spanish newspaper El Pais, John McAfee, a pioneering cybersecurity expert and crypto booster, was found dead in his Barcelona jail cell on Wednesday. Preliminary reports from the Spanish justice department point to suicide. The renowned developer and programmer were awaiting extradition to the U.S. on tax evasion charges before his passing. He also faced fraud allegations related to pump and dump schemes involving digital assets. In addition, the U.S. SEC accused him of hiding crypto revenue…

A cryptocurrency is a digital currency stored in a public ledger known as a blockchain. The public ledger stays distributed among nodes that make it difficult to alter. As a result, the digital asset can get transferred securely and trustfully. The distributed ledger technology is decentralized.  Users can transact peer to peer without having to go through tedious bank processes. Well, that can make an excellent payment method for merchants, right? So it's no surprise that crypto payment systems are…

Cryptocurrencies are an attractive asset class but remain a puzzle to many. First, it was the complex technology behind the virtual coins, then the decentralized nature of the currency that scared even governments away from the digital assets. Finally, however, people with wits took on this innovation and saw it as an excellent opportunity for wealth accumulation.  However, one more thing came to light, crypto volatility. Cryptocurrencies are notoriously volatile, but this was not the end of the road for…

One of the world's largest ASIC machinery firms, Canaan, has made public its plans to set up shop in Central Asia's Kazakhstan. The move comes following China's unexpected turnaround of facing out bitcoin mining activities within its mainland. Canaan's CEO Nangeng Zhang stated that the startup plans to boost mining rig sales and improve its BTC mining operations by expanding its reach to other zones in Asia. Speaking in a recent press release, the CEO said,  "As we integrate more…

The crypto market is currently in one of its biggest meltdowns in history, with Bitcoin losing more than half of its value after hitting an all-time high of around $63,000 in May 2021. Bitcoin's price slump has further been compounded by China's continued FUD leading to market uncertainty and scaring away investors. The ripple effect of the Bitcoin price plunge has been felt across the cryptocurrency market, with major altcoins including Ethereum, BNB, DOGE, ADA all losing between 7 to…

The cryptocurrency market has endured multiple selloffs recently, leading to stablecoin inflows into exchanges dropping to the lowest level since October of last year. The market saw another massive pullback on June 21, which saw approximately $1 billion in crypto positions liquidated in 24 hours. The bloodbath led to BTC dipping below the $33K as about $572M worth of coins was liquidated. This market plunge has led to speculations that the crypto market could be headed into another bear market.…