Opinion

The financial system is one of the most dynamic industries today. Banking institutions stand as the legitimate bodies responsible for distributing money and controlling its circulation in the economy in conjunction with central banks. Individuals globally rely on banks for a long time to provide financial services that suit everyone's needs.  However, despite being the market's authorized financial bodies, banks and other financial institutions still encounter major challenges that make them lag. Introducing cryptocurrencies to the banking sector guarantees massive…

Cryptocurrencies are among the newest blockchain innovations revolutionizing the fintech industry. First implemented in 2009 through Bitcoin, cryptos have experienced an explosion in usage. New cryptocurrencies are always being released to solve blockchain technology issues, a natural evolution in itself. According to CoinMarketCap, there are more than 7700 different cryptocurrencies in circulation. This high and ever-growing number of coins provides a variety of career opportunities that should be on the radar of fintech scholars. This article gives insight into what…

What exactly is a reserve currency? Well, the simplest form of explanation to give will be a massive quantity of currency held by major financial institutions for purposes of both international and domestic transactions. It's the usage of one currency by most countries globally to pay debts internationally and facilitate exchange rates. The US dollar, which some people know as Greenback, is the most used global currency in the financial world. After world war 2, representatives from 44 nations founded…

Chinese crypto exchange Huobi is set to take over the reins of Bithumb, according to reports. The Korean news outlet, The Bell, revealed today that Huobi had expressed an interest in purchasing Bithumb. Bithumb is the largest crypto exchange in Korea and has been actively looking for a buyer since a takeover deal collapsed in September.  The report further says that Huobi could take a majority stake in the Korean exchange. It is also understood that shareholders of Bithumb parent…

Decentralized finance (DeFi) platform Uniswap has experienced liquidation of enormous proportion in the last 24 hours. This comes after the protocol stopped providing rewards for liquidity providers, and rival protocol SushiSwap looks poised to take over. Uniswap loses $1.5 billion in Liquidity According to DeFi Pulse data, the drop in liquidity has been particularly sharp for UniSwap in recent days. On November 14, the project still boasted around $3 billion in total value locked (TVL), a DeFi record. However, these…

Globally the competition for market share is quite aggressive. It states that every business has to discover its edge over everyone else for it to thrive. This slight edge is what is often referred to as the competitive advantage. As economies move towards full digitization, companies have had to reimagine their businesses to realign with the new reality. Therefore, to maintain their competitive advantage, companies have had to digitize their assets.  Three questions therefore emerge: What is asset digitization? How…

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 $459 billion. Bitcoin recovers from two small drops to remain above $16,000 Ethereum increases by 2% to keep control over its recent gains. XRP increased by nearly 8% to climb above the $0.27 level PayPal stays true to its crypto adoption strategy as it enables US users to buy, sell, and store Bitcoin through…

No one can argue that the Decentralized Finance (DeFi) movement is on fire at this moment. These next-gen financial systems continue to attract massive attention from investors. As this year's big thing, DeFi has its share of benefits and risks. Understanding these factors will help you to make the most of your DeFi investment strategy moving forward.  DeFi exploded in popularity this year due to a couple of factors. Primarily, users are making huge profits using these systems. Additionally, the simplistic…

No matter how big Bitcoin becomes, there will always be one question associated with it - “Who is the founder of Bitcoin?” Everyone from governments to internet sleuths weighed in on this argument for over a decade. Despite their greatest efforts, the world still may be no closer to ever unmasking this individual's true identity, group, or …. Clues to Satoshi Nakamoto's Identity Satoshi may be gone now, but there was a time when he was very active in Bitcoin…