Opinion

Cryptocurrency has evolved from a geeky fad to a stable market ready to rival traditional banking systems' self-entitled positions. Its promises of instant asset transfers, low or non-existent transaction fees, and decentralized networks are irresistible to many sectors out there. In today's unstable environment, several industries are already adopting cryptocurrency, and others strongly consider it. Considering the obvious advantages that crypto integration brings, we look into how some of these sectors may change forever once they make that decisive step…

Some factors should make traders go short on Bitcoin following the 50 percent crash in March. The crash compelled numerous people to abandon the crypto domain as the liquidity of cryptocurrency markets fell recently. Dan Tapiero of DTAP Capital and Gold Bullion International noted the unbelievable nature of the latest price action in the investment-level corporate bond market. Charts revealed that corporate bonds’ index is about to attain its lifetime highs following an extreme 20 percent retracement, coming from bonds…

According to Coinbase’s CEO, Brian Armstrong, in an article, some of the nascent cryptocurrency assets are ready to challenge the traditional financial system with a feature that has been falsely attributed to Bitcoin. The article for Project Syndicate discussed the potency and concerns regarding privacy coins, featuring protocols meant to make transactions untraceable. When it comes to Bitcoin blockchain, it leaves a digital trail of transactions, as against what people think. Armstrong said that although privacy coins such as Zcash and Monero…

American Association for Advanced Science (AAAS) wrote a letter to Governors, Secretaries of State and State Election Directors warning them of online voting insecurity. The association stated that there are serious concerns about the security of votes via the internet or mobile apps based on scientific evidence. Due to COVID-19 unprecedented challenge to American elections, the letter noted that internet voting would not be a secure solution for voting in the United States. Additionally, online voting would not be in…

The Covid 19 pandemic has exposed the world's financial system to tremendous challenges. The United States government proposed a jaw-dropping $2.2 trillion bailout for the stock market. All this was to act as a relief measure to the current crisis within the traditional markets. Such interventions point to centralization being a powerful and indispensable feature in the traditional financial system. Equitable and Faster Wealth Distribution But reports point to the existence of a huge challenge regarding wealth distribution of this…

Ripple is a well-known company in the crypto space. The payment and exchange network aims to provide an instant and easy way to move money globally. Although Ripple's idea was conceived in 2004, it wasn't until 2011 that the company actually came to be, with investors jumping on board to support Ripple Labs.  Ripple comes with its own currency, XRP, and presents several benefits for crypto enthusiasts. It's a simple design for starters as a day-to-day payment system makes transactions…

The $175 barrier mark was tested by the ETH/USD pair just before a subsequent minor correction. While the pair dropped below $170 as a result, it still was over $168. The latest high attained by the pair was close to $173 and it is now consolidating gains. Powerful support is however being formed at around $170. The hourly chart shows the formation of a key contracting triangle with the barrier near the $174 mark. If the ETH/USD pair can surge…

A cryptocurrency market crashed has ensured thanks to the coronavirus pandemic. However, crypto experts believe the crash has reduced the risk of a halving price dump and has possibly started a Bitcoin bull run. Chainalysis played host to several industry experts for an online panel discussion a few hours ago. The discussion was concerning the coronavirus effect on Bitcoin and its roadmap. Chris Bendikson of CoinShares sees last month's crash as helpful to miners. It gave them early preparation for…

A remarkable software flaw in the Decentralized exchange (DEX) Bisq allowed a hacker to steal cryptocurrency worth over $250k from users. The exchange promptly stopped trading yesterday night upon discovering the critical security risk. Bisq hasn't mentioned the specific flaw and is yet to ascertain the safety of users’ funds. The exchange phrases the action taking with regards to the theft as unprecedented. The exchange states that the hacker made away with 3 Bitcoins and 4,000 Monero (XMR) from 7…