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We will remember 2021 for a lot of things. However, the rise of “Ethereum killers” might be the most prominent. Essentially, these are blockchains looking to match Ethereum in terms of performance. This way, these Ethereum alternatives can take from its market share. September was a big month for these Ethereum killers. The blockchains themselves got significant adoption as they continued their mission to usurp Ethereum, and their native tokens ultimately delivered impressive price gains as well. SOL Takes the Crown…

The ruling Democratic Party of Korea (DPK) has resolved to delay imposing taxes on gains from cryptocurrency transactions. The DPK reached a verdict to reschedule the timing for another year than earlier planned. South Korean politician Hong Nam-ki affirms that the crypto tax code will start soon. The majority Democratic Party has been aiming to postpone it to 2023. This development comes ahead of the presidential election next year. It is targeting a voter base under 30 years who have invested heavily in the digital asset.…

Today, Robinhood announced that their platform had stopped functioning correctly, but they are working to resolve the issue as early as possible. A commission-free mobile application allows people to invest in publicly listed companies and other listed funds on U.S. exchanges. Users Face a Hard Time Due to Functionality Issues Robinhood announced the feedback and complaints from their customers about poor functionalities in the morning hours. About 61% of their customers complained about lagging and poor user interactions with Robinhood’s official website. Mobile brokerage features reported…

Yesterday, U.S. House of Representatives Speaker Nancy Pelosi confirmed a vote on the $1 trillion bipartisan infrastructure bill is set for Thursday. She voiced confidence it would pass. Now the Democrats have more time to reach a consensus on President Biden’s sprawling domestic policy package. Pelosi noted that there would be four days of debate before the legislation. Discussion on the bill would help fund in repairing aging roads bridges and expand broadband. The infrastructure spending will also pay for the replacement of dangerous lead-piped drinking…

On the 26th of Sep 2021, COTI took to their official Twitter account to announce that they will be rolling out a stablecoin on Cardano's chain. Cardano to Host its First Stablecoin As per Charles Hoskinson, leader of Cardano, and Shahaf Bar-Geffen, CEO of COTI group, Cardano will receive its first-ever stablecoin from COTI. The stablecoin goes by the name Djed. The duo relayed this message at the Cardano Summit stage in Laramie, Wyoming, on Sunday. Shahaf said that Djed has…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,826 trillion. Bitcoin is down by over 10% after a rough week. Ethereum lost more than 13% of its value over the week. XRP has dipped by roughly 14% over the past seven days. Almost all altcoins are drowning in a sea of red at the moment. The DeFi sector lost almost $6 billion…

El Salvador is a country in Central America that borders the Pacific Ocean to the north. It also borders Guatemala to the southeast and Honduras to the southwest. It has recently adopted Bitcoin as its legal tender. BTC is now a lawful means of payment in the country. For some time now, many countries have turned their attention to the "future of finance." This act has triggered numerous reactions worldwide. Also, many countries take sides between backing and condemning crypto adoption.  Why…

The Ethereum blockchain is currently in the middle of a significant transition as its developers are looking to bring the dawn of Ethereum 2.0. This transition will achieve a great deal, including making Ethereum proof of stake (PoS) blockchain. ETH 2.0 has built a lot of enthusiasm around it. Furthermore, the excitement grows as several of its competitors have made similar moves. But, what could this transition mean for Ethereum - and Ether, the coin? A Background to Ethereum 2.0…

Early 24th September, Bloomberg, one of the largest online news outlets, released fake news that drove crypto prices down. In the news, Bloomberg said that China's PBC termed all crypto transactions illegal. However, while the memo is available on the PBC website, the central bank originally on 15th September. Bloomberg Reports China's Crypto Bann China continues to add on its unrelenting determination on the crackdown against digital currencies in the country. The People's Bank of China (PBC) takes an aim…