Opinion

On March 20, 2020, reports show that Senator Kelly Loeffler, the founder, and CEO of Bakkt exchange, was involved in possible insider trading as per a 20th March 2020 report. The senator dumped most of her stocks shortly before the latest market crash  The disruption of global markets and daily life appears to have been a beforehand knowledge to the Trump administration before going public. A secret senators meeting may have been instrumental in briefing them on this. Interestingly, the…

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 $169 billion. Bitcoin recovers from the Covid-19 blow and ends the week trading above $6,000 Ethereum restarts its ascent towards the $135 resistance level. XRP ends a rough week to trade again at around $0.15 on Sunday Governments everywhere announce economic stimulants to prevent entire industries from a complete shutdown. Covid-19 spreads further and…

Tao Zhang, the Deputy Managing Director of the International Monetary Fund (IMF), has voiced his perspective on a central bank digital currency (CBDC). Zhang spoke about CBDC after assessing its merits and demerits during a keynote speech at the London School of Economics. Benefits and Demerits The deputy managing director's major highlight of the CBDC's benefits was its efficiency and lower costs. Several nations experience high costs of currency management with lower access to payment systems in rural and poor…

A smart city goes by many definitions, but its foundation lies in the established relationship and cooperation between its public and private sectors, essential for every aspect of development.   Such include physical and digital infrastructure, data access and management, trade relations, utility services management, public relations, and emergency response and disaster mitigation procedures. The concept of smart cities started with the advent of the Internet of Things (IoT), which integrates different technologies by bringing resources together to create an inclusive,…

Ethereum mining pools have removed thousands of mining platforms from the networks, reports from  March 20, 2020 indicate. The move aims at providing computational power to a coronavirus research project. Leading the initiative is CoreWeave, a U.S based miner operating on the ETH blockchain. The firm said that it would redirect its GPU computing power to Stanford University’s Folding@home. The project was launched on February 27, 2020, to advance research on the deadly Coronavirus. In a blog post, Folding@home  explained:…

87 crypto pairs trading on the Bitfinex exchange are staring at the chop. The exchange outlined plans to delist them owing to their low liquidity levels. The move is effective March 26, 10:00 AM UTC Optimizing Trading Experiences According to Bitfinex, the decision was informed by the need to consolidate and improve the exchange's liquidity. Additionally, the move will streamline and optimize trading experiences for its customers. The firm holds that it took the decision after tracking the affected pairs…

Crypto stablecoins present an efficient and easy way of managing crypto volatility. Volatility in the crypto market is often regarded as the boon and bane of crypto trading. While on the one hand, it allows traders to accumulate substantial profits, it can cause significant losses to crypto traders or even lead to missing a perfect opportunity to trade. Stablecoins function to cushion investors from intense volatility witnessed in the crypto market by providing a less volatile means to employ in…

Huobi DM, the futures trading platform of Huobi exchange has recently announced the launch of a new liquidation mechanism to systematically minimize user exposure should prices become too volatile. The platform is introducing these new measures to provide users with a safe, secure and reliable trading experience. In order to help users hedge against liquidation risks, the derivatives platform now provides partial liquidation. This new mechanism gradually reduces a user’s positions, instead of fully liquidating them in a single event.…

A Thai Fintech company, DeeMoney is partnering with Blockchain remittance firm Ripple to bring its users faster and cheaper cross-border money transfers. The collaboration will see DeeMoney use RippleNet to facilitate international payments coming into Thailand. The company handles transactions between Thailand and its key remittance corridors of South Korea, Singapore, Indonesia, Israel, The Middle East, and the Gulf regions. Same-day Settlements Additionally, DeeMoney will carry out same-day settlements to Thai bank accounts, making it every cross border remittance company's…