Opinion

Ethereum co-founder Vitalik Buterin has revealed that Ethereum 2.0 deposit contract is live. Buterin made this announcement on Twitter an hour ago, which paves the way for the rollout of Ethereum 2.0 Phase 0. The Ethereum foundation in a blog post further revealed how the genesis process is expected to happen.  The genesis time for the rollout of Ethereum 2.0 has also been moved from Jan 3 to December 1. Prospective stakers will be able to deposit the required ether…

The United Nations Office on Drugs and Crime (UNODC) has advised the Kenyan government to leverage technology to fight corruption. According to the Corruption Perceptions Index 2019, the East African country ranks 137 out of 180 countries for corruption. The least corrupt countries are at the top of the list. Kenya has been struggling with massive corruption in the public as well as private sectors. Main loophole: manipulation of the procurement system According to audit reports, the country's main corruption…

On Nov. 2, 2020, a report by BitMEX highlighted the growing trend of merged mining on the Bitcoin blockchain. The exchange noted that about 90% of the BTC hash rate currently engages in the mining method. The surprising popularity in merged mining in recent years means that BTC miners are not only using one scheme but adopting multiple systems and potentially using numerous pieces of software. The merged mining process essentially incorporates a practice of using the work done for…

October saw several arrests of top executives of cryptocurrency exchanges, and the new month has seemingly continued the trend.  Yesterday, rumors across the crypto community claimed that a senior official at popular cryptocurrency exchange Huobi was arrested in a police investigation. Although Huobi is based in Seychelles, it is led by Chinese executives. Unconfirmed sources claimed that the arrested official was Huobi's COO Zhu Jiawei, the second key player.  Today, a Chinese report alleged that the reason for the arrest…

PayPal's bullish move to add bitcoin and other cryptocurrencies to its payment network was undoubtedly one of the many big news in the crypto industry this year. In the meantime, PayPal users can only buy and sell bitcoin, ethereum, bitcoin cash, and litecoin. Still, they won't be able to perform any internal or external transfer to other users. This will change soon as the payment company has bigger plans for crypto.  PayPal Users Eager to Access Crypto Revealing details about…

The Reserve Bank of Australia (RBA) has started exploring a central bank's digital currency's possibilities. The Apex bank has partnered with Australia’s two largest banks and Ethereum software company ConsenSys to explore its digital currency.  Findings from the research are expected to be presented in early 2021. The Assistant Governor of the Reserve Bank of Australia, Michele Bullock, further explained the project's details. According to him, the project is to research and test the viability of a CBDC for wholesale…

There are several uses of cryptocurrencies being discovered every day. One of the most recent uses of cryptocurrencies is its application in bail payments. Bail is written consent from the court, allowing an individual charged with a criminal offense to be out of jail as they await their trial or the case's decision.  In determining bail cases, the judge examines different factors to decide the severity of the case, including if the accused already has other charges at the time…

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 $400 billion. Bitcoin increases by more than 5% to get close to the $14k level Ethereum lost more than 5% of its value to drop below the $400 mark. XRP lost over 7% in value to trade around $0.23 again Iran becomes the first country to use Bitcoin as a medium of exchange. Crypto…

The President of the European Central Bank (ECB), Christine Lagarde, has stated that the regional Bank is considering launching a Digital Euro. This, according to her, is due to the immense growth and development in the digital ecosystem. In a series of tweets, Lagarde revealed the European Central Bank's achievements over the past 12 months. This included the launch of the European Central Bank Strategy Review (ECBStrategyReview). She also spoke on her viewpoint on climate change and the news to…