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Decentralized finance (Defi) is the current rave in crypto circles. It is easy to understand the excitement so generated. After all,  Defi promises to disrupt the financial landscape, giving individuals significant say over their financial affairs. Obscured in the enthusiasm is the single most important factor upon which Defis success hinges; cross-chain composability-the technology propelling it.  The question is, what is cross-chain composability? Further, how does it impact Defi? Join me as I unpack this technology powering the revolution in…

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 $339 billion. Bitcoin struggled to reach $11,000 but dropped by 2% towards the end of the week. Ethereum loses only 1.5% and continues to trade around the $350 level. XRP dropped below the $0.24 level, and it is now fighting to get back above it The KuCoin exchange was the victim of a hack…

Project Fire Salamander is LCX developers’ answer to a growing community of disgruntled Uniswap users. These users aren't mad because Uniswap functions incorrectly. The platform conducts its primary services flawlessly. What has these investors up-in-arms is the lack of many of the most basic trading functionalities found on more extensive centralized exchanges. Project Fire Salamander eliminates these issues through the integration of proprietary technologies and some good old fashioned creativity. Project Fire Salamander is a layer-two solution that exists atop…

Two weeks ago saw another major development in the Bitcoin sector after the world’s largest independent publicly-traded business intelligence company, MicroStrategy, completed the purchase of 16,796 more Bitcoins. The decision follows a similar maneuver a month earlier. In total, MicroStrategy is now the proud owner of 38,250 Bitcoin. In total, this latest round of Bitcoin investments aggregated out to $175 million, including fees and other expenses. The maneuver was part of the company's larger strategy to sure up reserves via…

When you think of cryptocurrencies, what comes to mind? Probably visions of decentralized networks that function in a peer-to-peer and trustless nature. The entire premise of Bitcoin is built around this belief that decentralization is at the core of the blockchain revolution. However, the majority of assets in the ecosystem today don't qualify as decentralized due to various reasons. Sadly, many of the most popular cryptocurrencies function in a highly centralized manner that is akin to traditional central banks. What…

On 27th September, a twitter account named under the Breach reported that the Kucoin hacker just started laundering his $ 150 million. The tweet said that the hacker started swapping his $OCEAN for Ethereum through Uniswap, pulling the token’s price down by around 4%, in less than an hour. In response to @Under the Breach, another twitter user named Larry Cermak corrected the information given. Cermak pointed out that the hacker is yet to begin laundering his $ 150 million…

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 $342 billion. Bitcoin trades sideways and struggles to reach $10,800 Ethereum loses more than 12% of its value throughout the week, but it recovers slightly on the weekend. XRP lost 5.5% of its value before recovering briefly on the weekend The DeFi craze continues as the market is winning almost $1 billion per week…

The cryptocurrency revolution is in full swing, and countries worldwide are racing against time and each other to implement it. While everyone had their sights on China and the United States, the Bahamas' tiny nation island announced that they would launch its digital currency in October 2020. The “Sand Dollar” of the Bahamas will most likely be the first central bank digital currency (CBDC) worldwide. Many years from now, when most of the planet’s nations will boast their well-established CBDCs,…

Halving events remind that Bitcoin can end mishandling of global monetary policies.  The US Central Bank poured fiat to the commercial banking system now at $7.17 trillion. Paul Tudor Jones of Tudor BVI applauded Bitcoin's growing role as a hedging asset.  Peter Schiff warned that the Fed has lost its credibility.  Embrace monetarism or choose Bitcoin as a firm, safe haven for money.  On May 11, 2020, a miner took Bitcoin's 630,000th block out of its digital depths, earning a…