Opinion

As the world of cryptocurrencies continues to advance, so are ways in which a trader can exchange crypto for fiat currency. A few years ago, exchange platforms required third party involvement to find asset buyers to complete a trade. However, currently, peer-to-peer (p2p) crypto exchange platforms eliminate central authorities' need in trading. On these platforms, the trading parties enjoy direct trading. A recent Cointelegraph report shows that in the first week of August 2020, 95 million US dollars worth of…

Theta Labs, the development team behind Theta blockchain, has revealed plans to deploy a smart contract on its Mainnet. This was revealed in a blog post where it highlighted other developments planned for the blockchain. Smart Contract To Launch On December 10 Theta Labs stated that the smart contract was a key development for the blockchain and will go live on December 10 by 12 pm UTC. The development team also revealed that the smart contract resulted from months of…

S&P Dow Jones Indices (S&P DJI) is set to launch a cryptocurrency index in partnership with New York-based digital asset firm Lukka by 2021. This makes it the latest major financial firm to foray into the cryptocurrency industry. According to the press release made today, S&P DJI will use data from Lukka to create indices for over 500 crypto-assets. This data will include Lukka’s aggregated data services Lukka Reference Data and Lukka Prime. Thus S&P DJI clients will work with…

The Provincial Assembly of Khyber Pakhtunkhwa in Pakistan has passed a resolution to legalize cryptocurrency and crypto mining in the region. This resolution is expected to drive a new wave of adoption of cryptocurrencies and crypto mining in the Asian nation. Dr. Sumera Shams, a member of the assembly, revealed the decision via Twitter. She remarked that it was a major step towards digitalization and thanked her colleagues for passing the resolution. Zia Ullah Bangash, an advisor for the ministry…

In 2009, Satoshi Nakamoto launched the first digital currency in the world. Bitcoin was designed to create a decentralized peer to peer payment option fostering inclusivity in transactions.  Some people believe that Satoshi Nakamoto is a group. However, almost every bitcoin lover agrees that Satoshi is a genius, whether it's an individual or a group. January 2009 marked the completion of the first-ever bitcoin transaction with the sender being Satoshi Nakamoto and the recipient being Hal Finney. Satoshi mined the…

Libra Association, the organization in charge of Facebook's cryptocurrency project, has rebranded the stablecoin again, ahead of the anticipated launch next year. The move is to ensure that the project meets regulators' criteria in Q1 2021.  A New Days For Facebook's Crypto According to the changes revealed today, the project will now be called Diem, a Latin term for "day" because the Association believes it is a "new day" for the project.  Announced in June 2019, the Libra project has…

Venture capitalists and founders of Gemini crypto exchange Tyler and Cameron Winklevoss are bullish on Bitcoin and believe the cryptocurrency is just warming up for what is to come.  In an interview with CNBC today, the Winklevoss twins noted that the new decade holds incredible records for Bitcoin as the leading crypto asset finally broke its all-time high price after three years.  Bitcoin Still A Good Buy A few hours to press time, Bitcoin briefly traded above $19,783, setting a…

A financial report published today by the European Central Bank (ECB) claims that cryptocurrency assets pose significant financial risks. The report written by ECB President Christine Lagarde focused on the future of money within the European Union. Lagarde highlighted the historical value of money from early times when physical commodities backed money to the current fiat monetary system. She acknowledged that the current technological innovation means that the financial landscape is moving towards digitalization. This trend was further accelerated by…

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 $540 billion. Bitcoin is back trading over $18,000 after losing $3,000 during the week. Ethereum bled nearly 20% of its value throughout the week. XRP continues to surge with an increase of nearly 43% in the past seven days. OKEx finally allows withdrawals again and sees users withdraw over 29,000 BTC almost instantly. Crypto…