Opinion

HashCash Consultant is thinking of investing $10 million in the Indian blockchain and cryptocurrency economy. The announcement came after India’s Supreme Court verdit on cryptocurrencies, which lifted the ban imposed on them by the RBI. HashCash’s CEO, Raj Chowdhury on Investing in India’s Crypto Industry  According to Raj, India’s Supreme Court verdict is a historic judgement that put India back in the global map. He said that the reinstating of crypto activities paved the way for an entire geography, for…

Weiss Ratings, a financial agency, shared its take on the role Ethereum plays in the crypto industry. The financial agency stood up to protect the Ethereum blockchain and its ETH coin. Weiss Ratings also rebuked countries like the US and China for wanting to develop CBDCs. The financial agency supports decentralized currencies and not centralized ones. The crypto rating firm also pointed out that the Ethereum network is expanding the cryptocurrency industry. The agency mentioned some of the leading crypto…

Coronavirus outbreak affected two major crypto conferences to happen in the United States. These two conferences are the ‘Bitcoin 2020’ and ‘The DC Blockchain Summit 2020’. The Blockchain 2020, initially scheduled for March 27 and 28 in San Francisco, will occur in the Q3 of 2020. The DC Blockchain Summit scheduled for next week will happen later after further communication. Further Details on the Two Crypto Conferences The Bitcoin 2020 organizers assured all attendees that their conference tickets are still…

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 $251 billion. Bitcoin gets bullish support to move above $9,000 before dropping just below the mark. Ethereum value consolidates around the $230, with its sight set on the $250 target. XRP ends below the resistance level of $0.235 after an impetuous rise of up to $0.245 India finally lifts an RBI ban on cryptocurrency…

Recently, the Bank of Japan’s deputy governor claimed that advanced economies do not need central bank digital currencies (CBDCs).  He spoke at the Future of Payments Forum, organized by the Bank for International Settlement. Amamiya said that CBDCs are a tremendous financial system for developing countries, especially the ones with immature payment infrastructures. Nevertheless, he claimed that advanced technologies cannot benefit from virtual currencies. Why Amamiya is Against Digital Currencies Amamiya said that it is unnecessary to implement new steps…

Coronavirus is set to impact the cryptocurrency market for the foreseeable future. The jury is still out on how quickly Bitcoin and other digital assets will recover from the current viral outbreak in the long run. However, we can get a glimpse into the future if we look into how other epidemics affected global financial markets. How much do widespread diseases derail markets, and will Covid-19 infect Bitcoin? We aim to give a preliminary assessment of the Coronavirus's potential impact…

In February 2020, Bitcoin mining difficulty lowered by 0.38%, and it may be partly a result of government quarantine against the coronavirus in China; hence the mining delays. Despite the decrease, the hash rate during the period posted strong performance and even hit an all-time high of 136 EH/s. Miners expect the total network difficulty rate to bounce back by over 10% on March 10, as hardware delivery slowdown caused by the coronavirus outbreak abates. Since mid-February, the Chinese government…

On 6th March 2020, Cointelegraph reported that the Figer group, the highly acclaimed Brazilian sports management company, has launched OLE sports. OLE sports is a blockchain-based platform set to tokenize soccer players globally. Andre Figer, The Figer Group's Vice President, said that Olecoin would be a sign of hope for new soccer players, seeing that the majority of them drop their dreams despite being highly talented, due to lack of funds. Figer Group will make its digital token Olecoin available…

On March 4, Chiliz revealed their new partnership with blockchain platform Chainlink, to allow the formation of a real-time Non-fungible token(NFTs). According to the announcement, Chiliz will now be able to utilize Chainlink’s network to trigger the execution of smart contracts based on real-time data and events. This integration will make it possible for Chiliz mint NFTs for partners in real-time, using securely provided data available on Chainlink’s network. Moreover, Chiliz looks forward to launching a Chainlink Price Reference Contract…