Opinion

A downside dip began on the BTC/USD pair from its $7,447 monthly high. The price tested the $7k to $7.1k key demand area, having returned to the upside recently. Yesterday saw significant upswings over two barrier levels ($7k and $7.2k). Having cleared the $7.4k level, it was however can reach the $7.5k mark. While the pair broke the $7.2k support zone buyers protected the demand area between $7k and $7.1k and maintained over the 100 hourly SMA. The price has…

A $7 trillion bailout had to be raised to prevent a stock market crash and therefore economic collapse caused by the coronavirus pandemic. During an April 6th interview, Tim Draper voiced the possibility of innovations like BTC and smart contracts to thrive due to the current economic situation. Fixed Bitcoin Supply Draper has expressed skepticism regarding the infinite money printing bailout plans by governments. He believes that fiat money won't pervade the global economy indefinitely. At some point, people are…

Chainlink will be pivotal to bringing data to smart contracts. That is, according to  Humphries, a former NBA star.  In a recent tweet, Mr. Humphries suggested that smart contracts will be crucial to human interactions.  He averred that Chainlink was the only solution capable of bringing data to smart contracts securely and trustlessly. "The world increasingly relies on data. Smart contracts will be no different. Chainlink is the only solution to bring data into smart contacts in a decentralized, secure…

Online learning platforms have experienced a ballooning of students enrolling for Bitcoin and cryptocurrency-related courses. Administrators attribute this upsurge to the COVID-19 pandemic.  To contain its spread governments have imposed lockdowns and encouraged social isolation. Consequently, many have resorted to online activities, including learning. Surging Enrollment  In the last month, Udemy has registered a fourfold increase in demand for Bitcoin and cryptocurrency-related courses. Similarly, Coursera recorded an uptick in Bitcoin-oriented courses over the same period. A Coursera spokesperson submits that…

BTC/USD Pair Price Analysis The BTC/USD pair was able to secure traction yesterday thereby surging above two barrier levels ($6,980 and $7k). Currently, the pair is trading well over $6.5k and $7k barrier levels. A look at the pair’s hourly chart shows that a remarkable barrier waits close to $8k and 100-day SMA on the way to the upside. Likewise, on the same chart, there is the formation of a major declining trend line with barrier close to $7,880. The…

Bitcoin and Libra could be the keys to rectifying the current global economic imbalance.  That is, according to OKEx CEO  Jay Hao. Mr. Hao affirms that the USD continues to have a stranglehold over the world economy. Thus it skews the balance of world power in favor of the developed nations.   Mr. Hao proposes that the global economy needs a fresh start. Further, to successfully do this, we will have to ditch the USD as the standard currency. In its…

Bitcoin's scalability and decentralization issues may soon be a thing of the past. Thanks to a new initiative bringing together Bitcoin and its mining community, the network is set for a significant reinvention. In a recent episode of the Crypto Conversation podcast, Marco Streng the Genesis Mining’s CEO emphasized the mining community’s role in Bitcoin's development. Again he delved on the place of innovation, for example, cloud-based mining operations in attaining Bitcoin's decentralization. Breaking  Decentralization Mr Streng maintains that cloud…

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 $191 billion. Bitcoin price finally ends the week in the green. Ethereum value increases by 15% in total more than the previous week. XRP rises to $0.18 and continues its steady ascension Binance has acquired CoinMarketCap, the biggest crypto data aggregator. Most of the top-20 altcoins trade in green throughout the week COVID-19 has…

Small and medium enterprises (SMEs)could soon find it easy to conclude their transactions. This follows global payments giant SWIFT's announcement that would make instant payments available to SMEs.  SWIFT, says it intends to be at the fore of global A2A and B2B transactions. The firm is taking on Visa, MasterCard, and emerging fintech ventures, for example, Ripple.  The decision to venture into space was arrived at in a last month's meeting of the firm’s Board and Executive. The decision is…