Opinion

The COVID-19 Situation and Blockchain The COVID-19 Pandemic has, in many ways, left the world gasping for breath. The pandemic has brought global lockdown, stock market crash, unemployment highs, and economic fluctuations. Because of the severity of the Corona Virus, authorities deemed it best to take such drastic measures to better humanity. But the blockchain industry, for better or worse, has found itself in a niche that remained almost entirely unaffected by the offset the pandemic has brought. Bitcoin, the…

When Big Money Enters the Market A recent article in Bitcoin Magazine predicted that the blockchain technology market would reach $7.7 billion by 2024. However, many industry insiders put their figures much higher, particularly given the phenomenal gain in popularity of blockchain-based technologies resulting from 2017‘s meteoric rise of Bitcoin and other cryptocurrencies. Just about any company could find use in blockchain’s ability to keep immutable and transparent records. However, certain expectations have to be managed. Leadership must be clear…

Blockchain technology has been developing at an impressively fast rate. Various industries worldwide are shaping their narrative by using blockchain technology to suit individual qualities and needs. About 12% of the energy and resources industries around the world are using blockchain. Other sectors, such as media companies, adopt blockchain to enforce digital rights and payments to content creators. Blockchain adoption in Latin America and Africa has been off to a slow start, but these regions are now catching up to…

The number of cryptocurrency investors has increased hugely in the last decade. Data from Coinmetrics.io shows that there are 12,000 Bitcoin millionaires worldwide at the moment. However, some people die every year with their family not having access to their Bitcoin holdings. Based on the estimates by Coincover, about 4 million Bitcoins valued at almost $40 billion has been forever lost because of death. The Cremation Institute carried out new research which shows that 89 percent of cryptocurrency investors worry about what will happen…

Despite the termination of Telegram’s blockchain project, users will need to install their own testnet validators for continuous usage of the network. Since the termination of the Telegram Open Network (TON) two months ago, the TON test net has apparently continued to run. In an update provided by the official TON development group on July 6, TON's support by the test network will be discontinued. They will turn off the remaining TON validators by August 1. Based on the recommendation of the…

The Philippines' Securities and Exchange Commission (SEC) has declared the top Ethereum DApp, Forsage, which accounts for 25 percent of the activity on Ethereum network as a possible Ponzi scheme. As a major source of activity on the Ethereum network recently, Dune Analytics shows that Forsage smart contract consumed 12.78 percent of Ethereum’s gas within the previous 24 hours. Forsage, which is behind the increase in ETH transaction fees, claims itself as a fully decentralized matrix marketing project, as well as the most thought-out…

Also, wrongly known as decentralized ledger technology, blockchain is becoming a vital element that could disrupt every sector of life. The technology first came into the limelight in 2009 with the release of Bitcoin. Today, blockchain shows great use cases in almost every industry, such as finance, healthcare, agriculture, and supply chain. Blockchain impacts continue to spread across industries, with the latest target being legal institutions. Legal systems are among the slowest industries when it comes to the adoption of…

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 $259 billion. Bitcoin moves sideways for most of the week and remains safe above the $9,000 level. Ethereum lost almost 2% of its value throughout the week. XRP continues to fluctuate slightly around the $0.175 level TRON makes the headlines with new DeFi products and ATM availability in South Korea Crypto Trends 29th of…

On July 2, 2020, The CEO of SpaceX as well as Tesla, Elon Musk, brushed off rumors surrounding his involvement with the Ethereum blockchain.  Canadian actor, William Shatner, had taken to twitter to indicate collaboration between the creator of the Ethereum network, Vitalik Buterin, and Elon Musk over a year ago. In his tweet on May 10, 2019, Shatner started:  “My friends Vitalik Buterin and Elon Musk were trying to decide what to build on ethereum. I’ve been waiting and…