Opinion

Blockchain technology first thrust into the scene with the introduction of the first cryptocurrency. Over the years, however, technology has proven beneficial to more than just the financial industry. Although governments worldwide have primarily been against adopting blockchain and cryptocurrencies, many are now warming up to the technology.  Blockchain's features, such as transparency and immutability, making it a viable option for many government services. The technology's usability ensures that governments worldwide can use it to provide efficient services to its…

South Korea’s apex bank is working to ensure the timely initiation of a central bank digital currency (CBDC) pilot system. The bank completed a first-phase review last month prior to the establishment of the CBDC pilot system. In a report published by the Korea Times, it was noted that the central bank is planning to reveal information regarding a consulting partnership with a local firm, being part of its second step. The Bank of Korea welcomes applications from those interested in partnering…

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 $368 billion. Bitcoin loses 4% over the week as a result of increasing sales. Ethereum loses more than 6% throughout the week but recovers slightly on the weekend. XRP gets back over $0.27 on the weekend after losing 10% during the week There is no stopping for the DeFi craze, which now has reached…

In 2009, Bitcoin demonstrated to the world the power of cryptocurrencies. Today, these next-generation assets are set to digitize the economy. However, this wasn’t always the case. If it weren’t for developers' hard work and contributions over the years, the world might have missed the blockchain mark completely. While Bitcoin is by far the most successful digital currency, it was by no means the first. For decades, digital currency developers built upon each other’s theories, and they continue to do…

There's been a lot of talk surrounding the capabilities and functionality of Chainlink lately. This revolutionary protocol seeks to eliminate many of the most common issues encountered by oracles today. Consequently, Chainlink has the potential to revolutionize the sector. What are Oracles? Oracles are third-party sensors that can trigger smart contracts. Importantly, these sensors do not live on the blockchain. Instead, they function as intermediaries. Specifically, oracles translate off-chain data to smart contracts on the blockchain and back again. For…

Since its early days, the cryptocurrency market has been looking towards national governments to facilitate global adoption. However, they may have been barking at the wrong tree all along. New state regulations for crypto use and blockchain implementation are necessary. But, their application is tediously slow. Global payment processors like Mastercard and Visa can accelerate the process. Their latest projects show that they are finally ready to embrace cryptocurrency. Why now? Well, that’s what we’re trying to find out today!…

Blockchain technology has been around for a decade. While most people associate it with cryptocurrency, this powerful solution has already proven useful in several other sectors, including data sharing, digital voting, real estate, and even online dating apps. Nevertheless, blockchain adoption continues relentlessly in its most relevant dominion: computer technology. The niche of operating systems is the likeliest target for implementation. Several promising projects are already underway, and we’ll be discussing them in this article. Is the era of macOS,…

Decentralized Finance (DeFi) is the latest rage for 2020. You may call it the flavor of the year on the crypto market and in financial investment in general, if you will. DeFi projects are skyrocketing in value from zero to hundreds of millions in just a few weeks. New tokens become prized assets soon after the launch. Everyone wants a piece of the pie, and if you’re late for dinner, there might not even be any crumbs left to settle…

The year 2020 will certainly be remembered for numerous events, with the world going “viral,” being just one of them. However, this year will go down in history for the cryptocurrency sector when Decentralized Finance (DeFi) protocols exploded. One of the most impressive things about DeFi is that reliable projects spur overnight. In just a few months, they become global ecosystems backed by large communities that pour in millions of dollars. One such success story (at least so far) is…