Opinion

Currently, around 80% of the world’s central banks are looking into digital currency, but China has been exploring the idea since 2014, who is in the lead. The country is already quite advanced in digital payments, with 83% of digital transactions already being made through mobile devices instead of 17% through cash or bank cards. The majority of these are made through Alipay or WeChat. But now there is a new service on the horizon. The People’s Bank of China…

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 $358 billion. Bitcoin manages to get above $11,000 and stay there. Ethereum is up by more than 8% as it climbs above $370 XRP is also up by 8% as it breaks the $0.25 resistance level CFTC’s legal charge on BitMEX leads to high-profile resignations and arrests John McAfee got arrested in Spain and…

The term blockchain has never been as ubiquitous as it is. It isn't uncommon to hear it popping in everyday conversations. Its mention almost always conjures up images of cryptocurrencies and, in particular, Bitcoin. Although it has found prominence in the cryptocurrency world, it has a myriad of applications elsewhere. In this guide, we explore how different enterprises adopt it in executing their functions. To begin with, let us differentiate the significant types of blockchains. Also, it is essential to…

Decentralized finance (Defi) is the current rave in crypto circles. It is easy to understand the excitement so generated. After all,  Defi promises to disrupt the financial landscape, giving individuals significant say over their financial affairs. Obscured in the enthusiasm is the single most important factor upon which Defis success hinges; cross-chain composability-the technology propelling it.  The question is, what is cross-chain composability? Further, how does it impact Defi? Join me as I unpack this technology powering the revolution in…

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 $339 billion. Bitcoin struggled to reach $11,000 but dropped by 2% towards the end of the week. Ethereum loses only 1.5% and continues to trade around the $350 level. XRP dropped below the $0.24 level, and it is now fighting to get back above it The KuCoin exchange was the victim of a hack…

Project Fire Salamander is LCX developers’ answer to a growing community of disgruntled Uniswap users. These users aren't mad because Uniswap functions incorrectly. The platform conducts its primary services flawlessly. What has these investors up-in-arms is the lack of many of the most basic trading functionalities found on more extensive centralized exchanges. Project Fire Salamander eliminates these issues through the integration of proprietary technologies and some good old fashioned creativity. Project Fire Salamander is a layer-two solution that exists atop…

Two weeks ago saw another major development in the Bitcoin sector after the world’s largest independent publicly-traded business intelligence company, MicroStrategy, completed the purchase of 16,796 more Bitcoins. The decision follows a similar maneuver a month earlier. In total, MicroStrategy is now the proud owner of 38,250 Bitcoin. In total, this latest round of Bitcoin investments aggregated out to $175 million, including fees and other expenses. The maneuver was part of the company's larger strategy to sure up reserves via…

When you think of cryptocurrencies, what comes to mind? Probably visions of decentralized networks that function in a peer-to-peer and trustless nature. The entire premise of Bitcoin is built around this belief that decentralization is at the core of the blockchain revolution. However, the majority of assets in the ecosystem today don't qualify as decentralized due to various reasons. Sadly, many of the most popular cryptocurrencies function in a highly centralized manner that is akin to traditional central banks. What…

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 $342 billion. Bitcoin trades sideways and struggles to reach $10,800 Ethereum loses more than 12% of its value throughout the week, but it recovers slightly on the weekend. XRP lost 5.5% of its value before recovering briefly on the weekend The DeFi craze continues as the market is winning almost $1 billion per week…