Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Opinion
How to Bitcoin During the Apocalypse
At some point in every Bitcoin investor's life, they stop and think to themselves, "what happens to Bitcoin if the internet goes down?" It’s true that originally Bitcoin depended on the internet to send and receive blockchain data between nodes. It’s also true that, for the most part, this is still the case today. However, this may not always be the scenario moving forward. The End of Days If the internet were to drop out of existence today, it would…
5 years ago
The 21M Bitcoin Mystery – The Origins of Satoshi Nakamoto’s Supply Cap Decision
The Bitcoin Solution With the advent of Bitcoin came a newfound revolution - a revolution in distributed computing, decentralized organizations, and, most importantly, in the borderless medium of exchange. To many, Bitcoin represents a form of hope, a mechanism that would finally help the world get rid of centralized power and control. To others, Bitcoin was nothing more than an alternative for money. Satoshi Nakamoto, the pseudonym behind Bitcoin's creation, saw their invention as nothing more than an experiment. To…
5 years ago
WMA: Bitcoin sees a 4-day decline, altcoins bleed lightly and the DeFi craze carries on
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 $362 billion. Bitcoin did a false jump over the $12k hedge only to drop right back to $11,600 Ethereum loses momentum and drops below $400 XRP started the week trading around $0.32 but finished slightly above $0.28 The DeFi boom attracts more attention to the crypto market as Google searches for cryptocurrency reach a…
5 years ago
Non-Financial Use Cases of Blockchain Technology
Blockchain technology utilizes a distributed database to record transactions. It captures transactions, encrypts the data, and connects it in unlimited blocks that form an interconnected chain. Its first and most useful use case was in cryptocurrency management, and it remains one of the most significant use cases of the technology. However, other powerful applications have been popping up after this significant commercial success. The same way the technology records financial transactions, it can maintain other essential records such as health…
5 years ago
Integrating Blockchain Technology in The Construction Industry
The construction industry is one of the most fragmented and high impact sectors in the globe right now. For example, the international space station project is created by 15 countries and about five space agencies. The eventual cost of its construction could exceed $1 trillion by the time of its completion. The development of big projects, especially where many stakeholders are involved, needs trust, and high transparency. Nevertheless, what has the capacity of giving full transparency to transactions worth billions?…
5 years ago
5 Reasons Why Bitcoin Outshines Gold as a Global Reserve Currency
Over the last decade, there have been endless debates regarding gold vs. Bitcoin. On both sides of the aisle, parties have put forth compelling arguments as to why they feel one asset is better than the other. Some insist that Bitcoin is digital gold, while others believe the two are not comparable by any means. As the world shifts to a digital economy, it becomes crucial to understand what continues to make Bitcoin an attractive alternative to the world’s original…
5 years ago
WMA: BTC pushing to break past $12k while ETH surges well above $400
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 $369 billion. Bitcoin continues to trade just a little under $12,000 Ethereum equals 2018 and 2019 highs after reaching $438 XRP drops below the $0.28 support but regains 6% towards the weekend Chainlink continues to surge with another impressive 70% increase. Crypto Trends 10th - 16th of August 2020: PERFORMANCE & ANALYSIS The cryptocurrency…
5 years ago
Roadblocks to Large Scale Bitcoin Adoption in 2020
A lot has transpired since the world first learned about Bitcoin in 2009. This revolutionary protocol introduced entire industries to the idea of decentralized currencies and blockchain technology. In less than ten years, the blockchain sector has achieved billions in value, with much more yet to come. There are thousands of cryptocurrencies available to investors currently. Each of these concepts is unique and provides an essential perspective on the market. Notably, all of these projects owe a nod of respect…
5 years ago
Bitcoin ATMs (Automatic Teller Machines) – A Smart Business on the Rise
The Bitcoin ATM sector continues to experience record growth across the globe. Part of the reason for this growing demand is that these devices feature better technology, more functionality, and lower costs than their predecessors. Consequently, every day more people turn to these units as a reliable alternative to fiat-to-crypto exchanges. Frictionless Entry Bitcoin ATMs provide frictionless entry into the cryptomarket. For most people, converting fiat to crypto is a hassle. You must register for a regulated exchange to accomplish…
5 years ago