Opinion

Speaking to the Financial Times, Tuchman revealed that Citi is seriously considering launching crypto trading, financing, and custody services. Tuchman mentioned that there are different options from their perspective, and they are considering where they can best serve clients. He added that this would not be a prop-trading effort, referring to trades a bank makes with its own money.  The move will render it the latest Wall Street bank to do so. Earlier, Morgan Stanley announced that it would allow…

The general market cap of 9,541 coins had briefly achieved the $2.3 trillion mark on Monday, according to crypto statistics tracker CoinMarketCap. Ethereum drove the rally marking yet another ATH of nearly $3,550.  The second-largest digital coin attained an all-time high on 6 May after a jump of about 8% in the last 24 hours. The gain in momentum had begun in the first quarter of 2020  as investors’ craze around Bitcoin and other cryptocurrencies continued. In just almost three…

Data and intelligence provider, Glassnode released metric insights displaying the hodling momentum on cryptocurrencies, Bitcoin particularly. According to the findings, Glassnode found out that coins exceeding an age of more than 155 days are considered Long Term Holder assets(LTH).  Whenever the digital coins grow or are used in various age bands, the size of color bands expands. Remember that the 155 day period dates back to November 2020.  Therefore, there was a constant growth through November 2020 in the number of…

E-commerce giant Amazon has moved to elect an ex-Financial Conduct Authority(FCA) official. This action follows Amazon's job advert announcement, which seeks to venture into digital currencies. In essence, the advert included a Digital and Emerging Payments division that will enable users to swap their cash into cryptocurrencies.  Two years before, Amazon secured at least six officials from the FCA, out of which four of them came on board a year later. The four regulatory specialists work for specific positions in Amazon,…

While many people like to consider blockchain as infallible, the truth is much different. Blockchain networks require constant updating to remain secure and functioning properly. The slightest code errors in a smart contract can spell disaster for a blockchain. As you are about to learn, no blockchain is immune. Open-Source It’s impossible to avoid the risk of coding errors completely. However, experts agree that sticking to open-source projects can help protect you. Open source platforms make their coding available to…

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 $2,192 trillion. Bitcoin is up by almost 14% since last Sunday. Ethereum sets a new ATH after a 30% increase in value. XRP gets a roughly 50% value boost in the past seven days. Binance Coin increased by more than 21% throughout the week. The DeFi sector added more than $12billion to the total…

Bitcoin has had an impressive history in terms of bull runs. Ever since the coin first entered the market, there have been long-term believers in the project. These HODLers have experienced these ups and downs in stride. Each new all-time high symbolized to these users the growing impact of this revolutionary technology. In January 2009, Bitcoin was only known to a select few in the cyberpunk and development communities. Today, it’s grown to become an international phenomenon. During these early…

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 $1,876 trillion. Bitcoin lost more than 9% in value in comparison to last Sunday. Ethereum is up 10% after a turbulent week with steep value oscillations. XRP is down by more than 16% after major value loss. Binance Coin increased by more than 13% throughout the week. The DeFi sector lost almost $5billion from…

Since 2018, the cryptocurrency market has undergone tremendous growth thanks to growing interest and adoption from the general population. The crypto market value topped $2 trillion for the first time in 2021, indicating the continued growth of the lucrative market despite the 2020 pandemic that brought financial markets to their knees. Better still, 2021 saw Bitcoin crossed $1 trillion in market cap compared to the $276.63B market cap on January 7, 2018. The “Global Blockchain and Cryptocurrency Market 2021" established…