WMA: Historic Bitcoin Legalization Fails to Move the Market Out of Bear Territory

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 $1,525 trillion. Bitcoin is trading more or less at the same price as last week after a 0.38% devaluation. Ethereum is down by almost 13% in the past seven days. XRP has dropped by more than 10% over the week. Binance Coin, Polkadot, and Cardano have recorded disappointing losses throughout the week. The DeFi…

Why Cryptocurrencies Are Firmly Entering into the Mainstream

After a decade of existence, bitcoin is now more than ever working itself out of the financial fringes and gradually entering the mainstream financial world. More individuals and institutions continue to view crypto as an alternative to standard currency, making proponents believe that digital cash is the wave of the future. The total value of all cryptocurrencies currently stands at over $2 trillion. This sheer scale and critical mass that the digital asset class has achieved is far outpacing regulatory…

Why Should the Crypto Community Consider Buying Blockchain Phones?

Blockchain browsers, social media, and now recently, blockchain phones all these developments show how fast the blockchain world has been growing in the past few years.  However, although there are several blockchain phones, a large chunk of crypto investors is yet to embrace the idea of blockchain phones. Can't regular phones make crypto transactions? Why should a crypto enthusiast decide to use blockchain phones? Keep reading for more insight on the topic.  Can Regular Phones Make Crypto Transactions? Regular phones…

Possible Blockchain Use Cases That Are Yet to Be Explored

Blockchain is well beyond its beginnings in banking and crypto: despite declining from the record high of 2018, annual funding to blockchain enterprises has more than doubled in 2020 as compared to 2017. According to CB Insights' Market Sizing Tool, yearly expenditures on blockchain solutions are projected to reach about $16B by 2023. In this article, we shall give essential insights into the future of blockchain and the use cases that have not yet been explored. Stick around! Research &…

Application of Blockchain Technology in the Manufacturing Industry

Today, the manufacturing industry accounts for a more significant percentage of a country’s Gross Domestic Product (GDP). Data shows that manufacturers in the U.S alone generated $2.35 trillion by the fourth quarter of 2019. This sector mainly involves converting materials into finished goods through mechanical, physical, or chemical procedures. Despite being a lucrative sector, the manufacturing industry faces various issues that mostly emerge from poor management and outdated technology.  These factors slow down the company’s activities, resulting in the use…

The U.S. DoJ Recover Millions in BTC Ransomware Paid to Russian Hackers

The Justice Department has recovered most of a multimillion-dollar ransom payment to Darkside, a Russia-based hacker group, after a cyberattack that made the operator of the nation's largest fuel pipeline, the East Coast pipeline, halt its operations last month. The operation to seize cryptocurrency paid by the hacker group is the first of its kind. The recovery of a ransom paid by a company that had fallen under a cyberattack was rare. It was undertaken by a specialized ransomware task…

El Salvador’s President Confident Bitcoin Adoption Will Attract Investors

El Salvador's President Nayib Bukele has announced plans for his country to adopt Bitcoin (BTC) as the legal tender. Furthermore, the President affirmed that he would send a bill to the Senate seeking to make BTC the country’s legal means of exchange.  Mr. Bukele’s party and allies hold a majority of 56 out of the total 84 seats in the Senate. Analysts, therefore, suggest that the bill will likely pass. BTC, El Salvador's Optimistic Future  Speaking at the Bitcoin 2021…

WMA: Elon Musk Shoots Down Another Promising Market Recovery

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 $1,645 trillion. Bitcoin is trading more or less at the same price as last week after a 0.5% increase. Ethereum is up by more than 11% in the past seven days. XRP has increased by more than 6% over the week. Binance Coin, Polkadot, and Solana have recorded important gains throughout the week. The…

The SEC May Try to Settle with Ripple Before Case Reaches Trial

The drawn-out legal dogfight between Ripple and the Securities and Exchange Commission (SEC) may have taken a dramatic twist in favor of the blockchain-based digital payment company. According to a recent tweet from Attorney Jeremy Hogan, the SEC may try to settle with Ripple before the case ever reaches trial. He explained that less than 10% of criminal and civil lawsuits ever make it to trial due to resource pressures faced by the U.S. legal system.  The attorney gave his…

1 28 29 30 31 32 116