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Digital currencies pegged to traditional assets such as fiat are known as stablecoins. Based on their design, they are capable of holding a steady value and provide cryptocurrency traders an easy means of escaping the high volatility of the cryptocurrency markets. On April 17, the CEO of blockchain database startup Messari tweeted about the value of stablecoins on exchanges. Ryan Selkis said the massive sum of cryptocurrency capital are on the sidelines but ready to move into BTC, ETH, XRP and…

Despite Bitcoin being the normal leader of the cryptocurrency market, Ethereum has been doing better than the majority of all digital assets within the previous few days. At press time, the price of Ethereum was $182, which represents a 7 percent increment over the previous 24 hours and up to 24 percent increment since the weekly lows close to $147. The performance of Ethereum is such that its price increased by more than 100 percent from the bottom attained during…

Roger Ver is a renowned supporter of Bitcoin Cash. He has claimed payment of thousands of dollars in Bitcoin fees many times on the Bitcoin network. The information was provided in a video on Twitter by Bitcoin Meme Hub. In the video, Ver said he paid the sum in Bitcoin uncountable times. https://twitter.com/BitcoinMemeHub/status/1250840996985933824 The Bitcoin fork, which happened in 2017 brought about differences in fees and speed. The fork split due to disagreements regarding the asset which eventually divided the community. Big blocks supporters desire faster transactions…

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 $208 billion. Bitcoin returns to trade above $7,000 less than a month before the halving Ethereum ends the week trading above $183 XRP continues its struggle to overcome the $0.20 barrier The OPEC announces the largest historical cutback of crude oil production in history. COVID-19 has now surpassed over 2 million cases worldwide Crypto…

Despite being around for a long time now, numerous individuals still consider cryptocurrencies to be undergoing experimentation. However, Bitcoin has been able to gain some form of importance in the financial domain. This is such that governments and central banks worldwide are planning towards the regulation and introduction of their own digital currencies. We have numerous cryptocurrencies in the market but Bitcoin remains the leader despite its remarkable shortcomings. At press time, the dominance of Bitcoin was 62.97 percent, while its…

The current global economic trouble is shifting attention to blockchain technology. Before now, some governments have been considering and looking into how to deploy the technology in some sectors. Interestingly, the government of South Korea has noted that the blockchain market stands for a “golden opportunity” for the country. The government is admonishing private sector firms in the country to exploit this potential. On Apr. 17, Fn News released a report which noted that the Vice Minister of Strategy and Finance,…

Bitcoin has been trading on the sideways and has once again failed to close its daily candle over $7.2k. Hence, it is vulnerable to more downside this weekend and in the coming week. Bitcoin may fail to make any notable trend defining moves in the days ahead either. According to an analyst, its direction will be influenced by the direction the United States stock market trends next week. That is, its performance this weekend will be dull such that it…

It seems China is gearing up its plans to introduce its digital currency. Reports have it that China could be ready for the introduction of its Digital Currency Electronic Payment (DCEP) by May this year. China plans to first test the use of digital currencies among its state employees. The official name given to China’s CBDC project is the digital currency/electronic payment (DCEP). In recent times, industry reports have it that digital Yuan will go live in China by May. According to China…

In just over a year since it became popular, IEO (Initial Exchange Offering) managed to replace ICOs (Initial Coin Offerings) as the fundraising system of choice for a majority of blockchain enterprises.  In simple terms, IEOs are a token sale that operates through a partner exchange. It's identical to an ICO in almost every way except that investors who can participate in the sale are typically limited to users on the associated exchange. The IEO process kicks off with an…