Opinion

Bitcoin, the world's flagship cryptocurrency, has fallen by about $2,000 from its 2020 highs above $12K. The coin is currently struggling to hold support above the crucial psychological level at $10k.  The slip in BTC prices isn't that surprising, given that September has historically been red for crypto markets as a whole.  BTC's slip since Sep. 2 is mainly attributable to a massive selloff in the market. As per data from blockchain analytics firm CryptoQuant, miners are dumping their coins…

The banking sector is one of the biggest industries in the world. For instance, in the second quarter of 2020, the global banking industry's market cap was 5.3 trillion Euros. However, due to the regulation, scalability, and security issues, the sector can still not bank over 1.7 billion adults globally. A big reason for this lag was the reluctance of the traditional banking landscape to update their systems.  Fortunately, the upsurge of fintech companies provided the competition that spurned technological advancement…

Whether they rule the entertainment business or the fashion industry, big brands are always looking for new ways to increase their income. Lately, they delve into blockchain technology to boost brand awareness among the younger, decentralized, and crypto-powered generation. The NBA, Formula 1, and Nike are just of the major names looking to leverage blockchain into their favor. One might think that each of these corporations has a department of developers investigating new chain solutions 24/7. However, building the bridge…

The possibility of nations issuing digital versions of their domestic currencies seemed utopian only a few years ago. Today, we are witnessing central banks worldwide racing against time and each other to create and regulate digital currencies for national and international use. The two largest economies in the world, the US and China, are going head to head in almost every competition imaginable. The issuing of central bank digital currencies (CBDCs) does not make an exception. Lately, there have been plenty of tensions between…

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 $328 billion. Bitcoin loses almost 20% of its value as it falls under $10,000 Ethereum loses most of its summer progress as it drops below $350 XRP loses more than 10% as it falls as low as $0.231 SUSHI loses almost 50% in value as the lead developer sold all of his tokens, causing…

Bitcoin (BTC) has emerged as a real monetary revolution that is poised to solve many issues plaguing the current financial system, including inflation and market uncertainty.  As the world's leading digital asset continues to mature and establish itself as a widely accepted store of value, more investors are entering the Bitcoin market.  As shown in the chart below by Blockchain.com, the number of unique addresses on the BTC network is on the rise as new investors accumulate coins as part…

The COVID-19 pandemic has swept the world like fire through dry grass, affecting every aspect of life as we knew before 2020. In the face of adversity, humanity has armed itself with all conceivable weapons, old and new. Blockchain is one of the latest additions to this arsenal, and one that was inconceivable only a decade ago. Today, we take a break from the blockchain use for cryptocurrencies and look at how this powerful technology helps fight COVID-19. What is blockchain…

The global financial sector is drastically changing after the advent of cryptocurrencies in the market. A plethora of crypto ensures that everyone is spoilt for choice in investments, payments, and exchange depending on their needs. The success of digital currencies and blockchain technology is giving a wake-up call to different industries. Therefore, it is an era where the adoption of the two entities is nigh. Considering the alterations that continue to flood blockchains, their applications are endless. For this reason,…

Blockchain technology first came to the limelight with the introduction of bitcoin. The invention paved the way for innovative solutions in the financial industry. Over time, developers discovered that the technology could be useful in various other sectors as well. The introduction of ethereum created a platform that crypto developers and enthusiasts could use to develop smart contracts and dApps for just about any sector, including healthcare, the food industry, the justice system, education, supply chain, and voting, and several…