Opinion

Cryptocurrency whales are in the game for a long time. According to data, there is rapid accumulation of Ethereum by big cryptocurrency investors. The manual audit carried out by Adam Cochran of the privacy-focused search engine DuckDuckGo revealed some interesting information. The audit involved the examination of the top 10,000 Ethereum addresses to know the asset’s whale activity, liquidity profitability and market manipulation. The result revealed that existing whales have acquired more Ethereum which is over $550 million or 4 percent within…

KYC and AML checks have been an integral part of financial institutions for a while now. As required by several financial regulators across the world, these mandatory checks have helped curb identity fraud cases and other financial crimes. KYC and AML checks have targeted the traditional financial industry. However, with the introduction and growth of the crypto industry, issues arose on whether to include these checks. The main point of concern was that cryptocurrencies were unregulated. Today, however, several exchanges…

ETH/USD Pair Price Analysis The ETH/USD pair tried severally to surge above the barrier zone between $198 and $200, before it began a downside retracement. It appears that it is following a bearish pattern from the $198 barrier. The recent swing low was close to $188 while the recent high was $195. At the moment, the pair is moving downward and visiting $192. The immediate key support is close to $190 and the 100 hourly SMA. The failure to remain over…

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 $219,3 billion. Bitcoin almost recovers to trade at its pre-pandemic value of $7,800 Ethereum sees a 10% increase in price compared to last week. XRP price increases by 3% and gets closer to the $0.20 resistance level Crude oil price goes to an unprecedented negative value. China’s digital Yuan attracts the interest of McDonald’s,…

On April 21, Dharma, an Ethereum-based peer-to-peer lending platform announced what it called Social Payments (a Twitter-native financial system) on Twitter. According to the peer-to-peer platform, it is launching the new system that allows Twitter users to accept payments in US dollars. “Introducing social payments – a Twitter-native financial ecosystem. Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account. Now every Twitter handle accepts (and earns…

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 $208 billion. Bitcoin returns to trade above $7,000 less than a month before the halving Ethereum ends the week trading above $183 XRP continues its struggle to overcome the $0.20 barrier The OPEC announces the largest historical cutback of crude oil production in history. COVID-19 has now surpassed over 2 million cases worldwide Crypto…

Bitcoin has been trading on the sideways and has once again failed to close its daily candle over $7.2k. Hence, it is vulnerable to more downside this weekend and in the coming week. Bitcoin may fail to make any notable trend defining moves in the days ahead either. According to an analyst, its direction will be influenced by the direction the United States stock market trends next week. That is, its performance this weekend will be dull such that it…

It seems China is gearing up its plans to introduce its digital currency. Reports have it that China could be ready for the introduction of its Digital Currency Electronic Payment (DCEP) by May this year. China plans to first test the use of digital currencies among its state employees. The official name given to China’s CBDC project is the digital currency/electronic payment (DCEP). In recent times, industry reports have it that digital Yuan will go live in China by May. According to China…

In just over a year since it became popular, IEO (Initial Exchange Offering) managed to replace ICOs (Initial Coin Offerings) as the fundraising system of choice for a majority of blockchain enterprises.  In simple terms, IEOs are a token sale that operates through a partner exchange. It's identical to an ICO in almost every way except that investors who can participate in the sale are typically limited to users on the associated exchange. The IEO process kicks off with an…