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The fiat monetary system currently in place is a "proven failure." Paper money gets introduced into the system with high value, but as time progresses, the cash is overprinted, and it loses its value. For example, the US dollar, used as the fiat currency's global standard, has seen a 1,934% inflation since the year 1800. The fiat has no intrinsic value, has an unlimited supply, and follows government regulations. Bitcoin technology may be the liberator of international monetary systems. Due…

Wirex announced a partnership with Mastercard taking place in record books as the first crypto native platform to receive principal membership from Mastercard, enabling them to issue payment cards to users. The trading platform expressed in their tweet the possibilities that this collaboration has opened doors to. It has been vigilant to facilitate mainstream adoption as the ultimate payment solution for users worldwide. They further mentioned it as a gateway to exploring new spaces in cryptocurrencies and Fintech. Overview of the…

Ethereum is one of the top digital currencies shaping the decentralized ledger technology. It's a community blockchain behind the Ether (ETH) cryptocurrency and thousands of dApps. According to CoinMarketCap, ETH is the second-highest traded (over $5,776,058,511 in 24hrs, at the time of writing) coin behind BTC. Ethereum is considered the most stable blockchain hence the preferred infrastructure for most stable coins. However, the blockchain is associated with some minimal flaws. Among these is an attack on the DAO. This article will…

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 $270 billion. Bitcoin sways between $9,000 and $9,300 on a neutral trajectory Ethereum drops by more than 2% and fails to overcome the $250 barrier. XRP drops below $0.20, but it bounces back to trade in green on the weekend A historical hacking of Twitter sees some of the world’s most popular accounts “ask”…

On July 16, 2020, Zeus Capital, a firm that focuses on fund management and independent research, published a paper full of allegations about Chainlink's credentials and infrastructure.  The report titled "The Chainlink Fraud Exposed", describes the token, which is currently in the top 10 by market capitalization, as "the Wirecard of cryptocurrencies". Zeus Capital analyzes all aspects of the LINK project and accuses Chainlink of market manipulation through the classic pump and dump schemes.  Essentially, these are makeshift transactions aimed…

The exchange of goods and services for money is one of the fundamental aspects of human existence. Thus, payment systems were established to facilitate funds transfer from one entity to another. Payment systems have undergone several changes since their establishment. Unfortunately, none of them has been perfect, with each presenting its unique setbacks. This was one reason blockchain and digital currencies were established; to facilitate a more effective payment system for the entire world. The adoption of blockchain and cryptocurrencies…

On July 15, 2020, a massive hack described as "a coordinated social engineering attack" by Twitter targeted multiple high-profile users, including Tesla's Elon Musk, investor Warren Buffet, Amazon's Jeff Bezos and many others. The attack prompted Twitter CEO Jack Dorsey to say that it was a tough day for the social media platform. https://twitter.com/jack/status/1283594553618911232?s=19 The hack which targeted crypto users suggests that scammers managed to either find a severe security loophole in Twitter's login recovery process or that they somehow…

On July 15th, Ripple, Gemini, Coinbase, Binance, Coindesk, Coingelegraph, Justin Sun and several more twitter accounts were hacked. The perp(s) who are yet to be identified, are posting tweets on these accounts saying that they have “partnered with CryptoForHealth” and are planning to “give back to the community”.  It doesn't end there, just a few minutes back, it seems Jeff Bezos, Kanye West, Elon’s and Bill Gates’ accounts have also been compromised. The one posted on Elon’s asked for Bitcoin…

Bitrue is one of the most talked about trading platforms in 2020, and they’re fast approaching 2 years in the industry. To mark the occasion they released a new White Paper 2.0 that looks back at everything they’ve achieved in this time, and some of the stats inside are seriously impressive. 1.5 million registered users, 532,000 active traders and 300 million dollars in daily trading volume is nothing to sniff at. We’ve pulled out five important facts that show why…