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Volatility is a distinct characteristic in cryptos like Bitcoin or Ethereum. One moment, the value could be skyrocketing, and the next second, it is singing a different tale. Though cryptocurrencies may offer intriguing innovations that are changing the financial realm, the issue of volatility is scaring off some potential traditional investors. Fluctuations are nipped in the bud by the concept of stablecoins. Stablecoins are cryptos that are pegged to a fiat currency or another item of value. An example that…

The recent announcement regarding Cardano's Alonzo hard fork has sent shock waves in the crypto world. According to the blockchain's founder Charles Hoskinson, Cardano should fully support smart contracts by Friday, 20 August. Furthermore, the hard fork seems to have the potential to propel Ada's price levels to new heights. What the Alonzo Hard Fork Offers The Cardano blockchain has development grouped into five key stages. Each stage is meant to make it a better version of itself. The five stages…

The Chinese central bank's branch (PBOC) in Shenzhen has begun to crack down on illegal crypto token transactions. Its targets are new companies suspected of engaging in unlawful crypto token activities. Colin Wu, a Chinese crypto-journalist also identified as 'Wu Blockchain' on Twitter, said the PBOC has already discontinued 11 such firms. According to reports, the PBOC prosecuted the companies as an effective campaign to show zero tolerance to cryptocurrency trading. In July, the Shenzhen branch of China's apex bank had…

They may be in a ‘Trade War,’ but the US seems to share the same perception of cryptocurrencies with China. Several bodies under the Biden administration plan on implementing guidelines that could have a direct impact on cryptocurrencies. The Securities and Exchange Commission, the Treasury Department, and the Federal Reserve have proposed policies that could potentially drive out crypto operations in the US. The situation is almost similar to the occurrences that took place during China’s recent crypto crackdown. Federal…

Bitcoin and cryptocurrencies have become a $2 trillion asset class in a little over a decade, showing that they hold the potential to disrupt the legacy banking system.  However, cryptocurrencies can't seem to shake their reputation as the "wild west," a lawless space riddled with scams that lacks any regulatory oversight.   That said, things could soon change as a growing appetite from institutional investors applies pressure on regulators to accept crypto as a viable financial system. This guide examines why…

C-stores or convenience stores are small retail stores with a good variety of products offered to clients. They are usually the one-stop point for locals seeking to resupply their houses. They offer the convenience of easy access from people's homes. On the other end of the spectrum are cryptocurrencies. Billed to be the next evolution of payment forms, the blockchain-based digital currencies have been thoroughly shaking up the financial sector.  Not only have they made funds transfer faster but also…

Chinese technology company Alibaba plans to introduce a Non Fungible Token section, powered by the "Guangjian" NFT digital collection, into its innovative Auction service. The news comes as stories of Alibaba's collaboration with rivals Tencent continue to stir up. Alibaba's plot to dive into the NFT market echoes its plight to tap into blockchain technology. Guang Jin is an NFT platform that Bit Universe recently launched on August 15. Surprisingly, Guang Jian almost immediately gained the interest of Alibaba. According…

El Salvador is the first country globally to make Bitcoin a legal tender, despite the coin's enormous popularity. Yet, surprisingly, countries like China are openly against Bitcoin becoming a legal tender. Bitcoin's ultimate goal is to become a globally accepted financial system that could allow the exchange of goods and services, i.e., legal tender. However, the journey to Bitcoin becoming a legal tender continues to face a myriad of regulatory issues. In the United States, The Financial Crimes Enforcement Network…

Disruptive technology is the type of tech that radically changes the way consumers, businesses, and entire industries operate. Blockchain technology is one of the most disruptive technologies of the 21st century. It has completely revolutionized banking by eliminating 3rd party intermediaries like banks and money transfer firms with its peer-to-peer transaction support. No one would have thought of a day when banks aren't needed in the financial world. Consequently, customers have taken note, with adoption rates rapidly picking up. Yet…