Opinion

Firo, the privacy-backed crypto formerly known as Zcoin, is under a 51% attack. On 20 January, it announced the attack on its protocol on Twitter while stating the nature of the error. Firo pleaded with owners to hold off any transactions while the firm addressed the issue. A single miner took advantage of the attack and reorganized blocks on the network. Changpeng Zhao, Binance’s CEO, stated that the block rearrangement resulted in a rollback of over 300 blocks. Firo’s team…

A new report from Chainalysis has indicated that the share of crypto transactions linked to criminal activities fell in 2020. According to the report, the percentage reduced from 2.1 recorded in 2019 to only 0.34. However, ransomware attacks have tripled in volumes when compared to what was recorded in 2019. A major drop in cryptocurrency criminal activities So often, regulators and mainstream media point out that criminals use cryptocurrencies like Bitcoin. Although the argument has been proven false in recent…

Legendary Italian football club AC Milan has teamed up with Chiliz to launch its fan token (ACM). Supporters of the club will be able to participate in the club's governance and benefit from the partnership. Fan Utility Token The AC Milan Fan Token (ACM) is a utility token that will allow the club fans to exert symbolic influence on club decisions using the Socios app. Token holders will participate in surveys, earn non-fungible tokens (NFT) or even participate in exclusive…

Leading oracles blockchain protocol Chainlink experienced a major surge in its market capitalization in the past 24 hours. Its native token Link briefly surpassed Bitcoin Cash on the coin rankings before a slight retracement at the time of writing. LINK price hits all-time high Chainlink is in the midst of a bull run, with the price of LINK increasing by almost 50% in the past week. The last 24 hours have witnessed a continuation of this momentum, with the price…

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 $987 billion. Bitcoin lost more than 11% to trade again below $35,000. Ethereum only lost 6% over the week to continue trading around $1,200. XRP loses nearly 18% of its value after Kraken announces a ban on it for U.S. residents. Polkadot increases by nearly 79% to become 4th-crypto by market cap. Crypto Trends…

U.S. cryptocurrency exchanges had to consider removing XRP amid a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit is based on SEC’s claims that the crypto is unlisted fundraising security issued by Ripple Labs. Among these exchanges, Coinbase deserves a special mention. Apart from the usual considerations about XRP listing, it also wants SEC approval to issue its shares and trade with private investors. If the commission wins the case, XRP could be classified as a security,…

2020 was a very challenging year economically. Data points to a 4.4% shrinking of the global economy during this financial year, the worst such performance since the 1938 global depression. Due to the uncertainty, investors realized the importance of switching their funds into other assets such as precious metals and digital assets.  Crypto's performance bested that of gold, having grown by 65% vs. 20% of the latter from the start of 2020 to September. Fidelity and Baktt, key players bringing…

According to the 2020 CoinGecko yearly report, bitcoin's smaller brother ETH has been the standout performing crypto of the past year. The report delved deep into what has been an exciting journey for the crypto space over the past 12 months; the period was marked by major events such as a resurgent decentralized finance space and massive adoption of BTC by institutions part of their hedging strategies. BTC may have grabbed the headlines in 2020 with its explosive run and…

On Wednesday, Twitter CEO Jack Dorsey said that prohibiting US President Donald Trump was the best resolution for Twitter. Still, he disclosed that few private companies shouldn't dominate the internet. Dorsey said that the concept was disputed last week when several foundational internet tool providers opted not to host what they thought was treacherous. He said that he trusts the companies came to their conclusions or were encouraged by others' actions. He added that the inconsistent policies and lack of…