Opinion

Bitcoin has today continued its bullish rally, crossing yet another important milestone. The coin has broken the $16k-mark for the first time since December 17, 2017, the last time it managed an all-time high price of $20 000.  Until today, the $16k price mark was viewed as a heavy level of resistance by traders due to the abundance of sell orders in that region. However, the filling of large sell orders at $16k by the whales led to the weakening…

With Bitcoin blasting through the $16,000 price level today for the first time since 2017, the cryptocurrency market could welcome more FOMO investors following's PayPal's latest announcement.  The American payment processing giant, PayPal, announced Thursday that it had ended the waitlist for its cryptocurrency trading service. In other words, the company will now allow U.S. customers to buy, sell, and HODL bitcoin and other cryptocurrencies directly on their PayPal accounts.  Recall that PayPal initially unveiled the new service last month…

In the minds of most economists is usually how to maintain a stable and prosperous global economy. A key ingredient to this is a credible and reliable medium of exchange. The introduction of blockchain technology in 2009 by Satoshi Nakamoto through Bitcoin created a new and arguably more advanced medium of exchange, the blockchain-based cryptocurrency. A key concern is just what the effect of blockchain on the global economy is. Does it highlight global operations' evolution, or is it a…

PayPal is among the biggest online transaction platforms globally, completing 315 million USD worth of transactions every day. The platform receives praise mainly because of its usability and convenience, allowing everyone to enjoy the service. Among the key attributes that bolster its adoption is the ease of signing up; a user fills in a few details, then they open an account and start transacting. Recently PayPal announced that it's going to introduce cryptocurrency support in its platform starting 2021.  The…

The second-largest bank in the world, Chinese Construction Bank, is set to sell $3 billion worth of debt on the blockchain using Bitcoin. This was revealed by a local news outlet South China Morning Post, today. The China Construction Bank will be partnering with Hong Kong Fintech firm Fusang to issue the debts on a blockchain. It is worth noting that this would be the first digital security issued by a Chinese bank using blockchain technology. The debts will be…

Fraud is among the topmost threats of the global economic world, with a PWC report showing that 47% of companies globally reported fraud in 24 months. Every solution aimed at ending fraud in financial transactions has proven futile. The designation of artificial intelligence, for instance, is to reduce direct human involvement in transactions, thus reducing fraud; however, fraud is still surging every year.  A new financial technology, blockchain, which is just over a decade old, is the ultimate fraud solution.…

In simple terms, capitalism is an economy where private entities have the financial power to utilize available resources as they wish. Every investor practices some form of capitalism. Therefore, investors take advantage of capitalism's most significant benefit, which is the ability to create wealth. Capitalism has been beneficial in society as countries grow economically, and living standards are improved.  Strong free enterprises get a significant boost since prices of goods and production levels are based not on a regulating body…

There is a growing interest in the world of cryptocurrency mining. However, little is addressed on the influence that mining a digital currency has on the environment. A digital currency is an advanced exchange method that uses a decentralized P2P to record, produce, and send coins over the chain. Crypto mining has attracted more interest recently, particularly for cryptos that can be mined with graphic cards. Mining cryptos using graphic cards has resulted in increased demand, hence the skyrocketing mid-range…

A new wave of phishing scams has been directed towards Ledger users who have been targeted by scammers. This latest scam attack targets users whose information was leaked following the breach that occurred on the Ledger database earlier in the year. The current phishing scam was discovered by a Reddit user with the moniker sue-ledger. According to the user, he was going through his spam mails, where he noticed a few Ledger phishing emails. On taking a closer look, he…