Opinion

On Feb 5, 2020, Tradellze, a decentralized crypto traders' network, announced its trading terminal's rebranding into a social ecosystem backed by real trading statistics. The Tradelize platform makes trading crypto straightforward for professionals while allowing newbies to view, study and copy top traders' strategies in real-time. The product introduces a unique social network that opens digital asset trading to both pros and novice traders. This latest rebranding effort enables private investors to verify stats and statements made by pro crypto…

The cryptocurrency space continues to grow to a diverse ecosystem with over 2000 cryptocurrencies and a world of financial possibilities. Blockchain technology provides the supporting infrastructure, and with its astounding features, the industry will be in for greater developments. Of all cryptocurrency-based services and functionalities, a significant proportion of users are taking an interest in crypto trading. According to statistics on bitcoin trading volumes, the coin has hit an all-time high in January 2021 after surpassing $11 billion. It’s a…

Twitter CEO and Bitcoin enthusiast Jack Dorsey have set up his bitcoin node to validate the bitcoin network's transactions. Dorsey shared an image on Twitter that showed the node in the synchronization phase alongside the quote "Running #bitcoin."  https://twitter.com/jack/status/1357588751757627393 To complete the synchronization with the Bitcoin blockchain, Dorsey will have to download the chain's entire history. Bitcoin blockchain has a total block size of around 325GB, and synchronization could take weeks to complete depending on the internet speed and computing…

Liquid Global has temporarily suspended the withdrawals of ERC-20 tokens and Ether due to rising GAS fees. The Japan-based crypto exchange notified its users of the development via a tweet today. It further explained that the exchange planned to resume withdrawal services once GAS fees returned to normal.  Rising Gas Fees Costs a Major Concern  Ethereum gas fee costs constitute a significant concern for many stakeholders within the ethereum ecosystem. Ethereum has been plagued with rising gas fees on its…

South Africa's tax authority, the South African Revenue Service (SARS), has recently requested that every taxpayer in the country send it an audit of their cryptocurrency purchases and trades. According to a Tax Consulting South Africa report, a South African firm offering tax advice, consulting, and compliance services, the company said that it had been approached by many taxpayers who had received the audit request. SARS had requested basic information regarding each taxpayer's returns in addition to the reason for…

While many consider Bitcoin (BTC) as a store of value, Sharmin Mossavar-Rahman, head of the investment strategy group at Goldman Sachs, has refuted that claim due to the asset's high volatility nature.  Mossavar-Rahman commented today during a briefing on Goldman Sachs 2021 outlook, as published by Bloomberg.  She weighed in on several Bitcoin-related topics and compared BTC's recent rally with GameStop Corp. shares. According to Mossavar-Rahman, any asset with a "long-term volatility of 80%" should not be regarded as a…

According to researchers on Palo Alto Networks' Unit 42 team, a new malware strain, dubbed Hildegard, has been discovered targeting Kubernetes clusters for cryptocurrency mining. Hildegard was first detected in January 2021 and used to launch crypto-jacking operations. Researchers say that the campaign may still be in the reconnaissance and weaponization stage. On Wednesday, Jay Chen, Aviv Sasson, and Ariel Zelivansky, researchers with Palo Alto Networks, believed that this new malware campaign is still under evolution since it has an…

The world’s largest independent business intelligence firm, Microstrategy, has completed the purchase of 295 bitcoins for approximately $10 million. This latest purchase continues the company’s accumulation of BTC that began in 2020.  Microstrategy BTC Portfolio Worth $2.4 billion Microstrategy CEO Michael Saylor revealed this latest purchase on Twitter. According to the tweet, Microstrategy purchased the 295 bitcoins using cash per its treasury reserve policy. The firm also spent $10 million to complete this latest round of transactions, including fees and…

In the wake of COVID-19, many situations have gone south, with many economies crashing as the global pandemic ravaged the world’s rest. However, this was a perfect chance for the digital asset industry, including decentralized finance (DeFi), to rise to fame. The cashless options the space presented to many was a well-needed escape from unnecessary risks of contracting the virus. We have recently seen a boost in a lot of top coins as BTC and ETH reached new all-time highs.…