Opinion

Bitcoin's massive market crash in March rocked the whole crypto market. It introduced a long period of volatility. Consequently, several altcoins plummeted too. Things were different, though for stablecoins that experienced impressive gains over Bitcoin (BTC). Hedging Against BTC Many crypto traders entered the stablecoin market to hedge against Bitcoin's increasing volatility. Tether, the popular and highly controversial stablecoin dominated transactions. According to BitMEX, the BTC/USDT trading almost tripled in March (21.6 million BTC). It had previously reached a value…

In the previous few days, Bitcoin and the entire cryptocurrency market performed well. Bitcoin attained a level of $7.2k, which is about a hundred percent from the approximately $3.8k bottom, established on the 13th of March. Even though there is a minimal upsurge, Bitcoin is trading at $6.8k, just below the levels observed before a crash. It seems impressive since it recovered in three weeks, and there is still a potential uptrend. In recent times, Bitcoin’s push over a main…

Internet - The Ultimate Copying Machine Back in the ’90s, the Internet as we know it today started to come to light finally. That was the time when the first browsers, social networks, communities, and games were popping up, and anyone who could get their hands on a computer was waiting to get a piece of it. As we know it today, the Internet is nothing more than a copying machine—the biggest copying machine in history. When I call the…

Recently, the Huobi Group announced its plan to distribute aid in support of Indonesia as it fights against the Covid-19 pandemic. Reports say that Huobi partnered with the Indonesia-China Association of Economic, Social, and Cultural Cooperation (ICAESCC) to offer aid to Indonesia during the pandemic. Additionally, they will be making monetary contributions, donate vital medical supplies, and also use blockchain to aid Indonesia in healthcare delivery. Huobi Charity will contribute about $50 000 worth of Huobi tokens (HT) to ICAESCC…

XRM has outpaced bitcoin's gains over the last week and is still rocketing higher The 12th ranked crypto on CoinMarketCap is up by over 6% over the last 24-hour trading period and is currently trading at $53.94  Experts across the crypto world share their opinion on why XRM is set to surge even higher in the coming weeks Amidst the ongoing world economic crisis, one thing crypto investors look for is digital assets that can stand the test of time.…

Recently, a renowned Chinese financial watchdog, the National Internet Finance Association of China (NIFA), warned against the increasing cryptocurrency investment risks. Its data analysis reveals that overseas crypto trading platforms usually fake trading volumes. Additionally, some trading platforms compare digital currencies to safe-haven assets like gold. The association also did a sampling analysis on trading data on some crypto exchanges and found out that the daily trading turnover rate for over 40 coins exceeds 100%. However, the daily turnover rate…

On the 1st of April 2020, Binance announced the acquisition of CoinMarketCap, a renowned crypto data tracking site. As part of the acquisition deal, CoinMarketCap will stay committed to offering the most accurate, quality, and timely crypto data in the industry. However, CoinMarketCap founder Brandon Chez will step down as the company’s CEO. However, Chez will be the advisor for the company, as the current CoinMarketCap’s  Chief Strategy Officer, Carylyne Chan, will be the company’s interim CEO. What Industry Players…

On the 2nd April 2020, the Blockstream Co-Founder and CEO, Adam Back, took to his Twitter account to address the upcoming Bitcoin halving issue. The halving will take place on the 13th of May 2020. Adam pointed out that just as central banks worldwide are doing enormous amounts of qualitative easing (QE), Bitcoin will do what he calls qualitative hardening. He claims that this qualitative hardening will occur next month with Bitcoin’s next block reward halving. The Bank of England…

Binance enters the Korean market with Binance KR, a trading platform deploying Binance Cloud Following the launch on April 1, users will be allowed to register and deposit digital assets such as BTC, ETH, BNB, and BKRW  Binance continues accusation spree with a nearly finalized deal to acquire digital currency data aggregator CoinMarketCap  On March 31, 2020, Binance exchange revealed plans to launch Binance KR, a cryptocurrency exchange platform, to serve the Korean users on April 2, 2020. User registration…