Opinion

The native token of blockchain project Polkadot is enjoying a bull run and recently hit an all-time high. This is after the project updated its roadmap earlier in the week in its quest towards adoption.  Polkadot DOT Breaks all-time High. Polkadot has gained momentum since the start of 2021, with its native token DOT increasing in value. DOT reached $31.89 in the early hours of today, a new all-time high for the coin.  The rise of altcoin has been remarkable since…

Asian nation Kyrgyzstan is set to license cryptocurrency exchanges operating within the country. According to authorities, this move is to prevent fraudulent activities as the popularity of Bitcoin grows in the country.  Impending Crypto Regulation Tolbunbek Abdygulov, the Chairman of the National Bank of Kyrgyzstan (NBKR), revealed this development on Friday. According to Abdygulov, the Apex bank wants to regulate crypto exchanges and offer licenses to approved platforms. "We plan to grant a license to cryptocurrency exchange operators to buy…

Sandeep Biswas, CEO of Newcrest Mining, one of the world's largest gold mining companies,  suggested that crypto investors should consider buying gold to hedge against the crypto market's high price volatility. In an interview today, Biswas told Bloomberg that part of the reason crypto investors should acquire the popular bullion is that its value is more stable. According to the CEO, owning gold will be in the best interest of cryptocurrency investors. Hedging Against Price Volatility Biswas’ comment comes on the…

The American multinational financial services provider, Mastercard, has recently revealed its plans to offer merchants the option of receiving payments in cryptocurrency.  The company announced that it would start supporting a few selected cryptocurrencies on its network later this year in an official blog post. However, the payment processing giant has not disclosed which cryptocurrencies it will be supporting or where it will support them. It mentioned that it would carefully evaluate the cryptocurrencies against its digital currencies principles before…

Blockfolio, a popular crypto portfolio tracking app with over 6 million users, was hacked last night. The FTX-owned trading platform was breached by a malicious character who sent push notifications containing offensive racist slurs that appeared to come from the app's team. The hacker also renamed several coins on the app with racist titles. https://twitter.com/UnderTheBreach/status/1359038370903691265 The breach on Blockfolio to display offensive content captured the attention of multiple Twitter users who alerted the wider crypto community of the incident.  https://twitter.com/davidgokhshtein/status/1359037442372886528 It…

Cardano (ADA) has experienced an extended bull run in recent months, which has led the altcoin to new milestones. The market capitalization of ADA has exceeded Ripple (XRP) for the first time and is ranked 4th on the coin rankings.  Cardano (ADA) Overtakes Ripple (XRP) Cardano (ADA) surpassed the market cap of XRP in the late hours of February 7, 2021. This was after a week in which the altcoin made significant gains in the market. ADA had enjoyed a…

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 $1,157 trillion. Bitcoin increased by nearly 14% over the week to trade again above $38,000. Ethereum increased by almost 22% to trade around $1,600. XRP increased by roughly 12% to trade above $0.40. The DeFi saw an $8 billion increase in total value protocols to reach as high as $35 billion. Crypto Trends 01st…

Elon Musk, the Tesla CEO and the world's richest man, has reportedly removed the world's leading cryptocurrency from his Twitter profile. Musk added Bitcoin to his Twitter bio last week but is seemingly all over Dogecoin now. He dropped a couple of Dogecoin tweets, even terming it the people's coin, "Dogecoin is the people's cryptocurrency," he wrote. The SpaceX CEO wrote in a separate tweet: "No highs, no lows, Just Doge." The sudden support for Dogecoin has seen its price…

Jacksonville, the largest city in Florida, is reportedly considering letting citizens pay local fees and taxes in Bitcoin. This could open opportunities for bitcoin adoption in the city and follows similar developments in Miami.  Bitcoin Adoption on The Rise in Florida This development in Jacksonville was revealed today by crypto Twitter influencer DocumentingBTC. He also alluded that the city was also considering allowing its employees to get their salaries paid in Bitcoin.  The state of Florida has witnessed a massive…