Tech

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…

ETH/USD Pair Price Analysis The ETH against the USD pair experienced a modest recovery over the barrier at $155 within the previous three sessions. The pair settled well over $155 pivot level as well as the 100 hourly SMA. As it continued to the upside, it was able to test the initial major barrier close to $160. Nevertheless, a look at the pair’s hourly chart shows two active declining trend lines in the week with barrier close to $160 and…

Major corporations globally use smart contracts running on the Ethereum blockchain. That implies that the second largest cryptocurrency is performing as intended. However, the blockchain is experiencing some challenges requiring urgent redress. The Ethereum blockchain is experiencing an imbalance regarding its decentralization, security, and scalability. Vitalik Buterin calls this  “trilemma of blockchain.” In this situation, the attains a maximum of two out of the three features. All blockchains struggle to achieve all of the three. Plans are afoot to update …

Opera users residing in the U.S can now buy cryptocurrencies with their debit cards and Apple Pay accounts, the Norwegian company has said.  The users can access the new service on Opera Touch, the firm's flagship Android and iOS browser. Additionally, the service is available via a crypto wallet embedded in its desktop browser. Blockchain-enabled Browser Opera introduced the first Blockchain-enabled browser In December 2019. It features a built-in crypto wallet and Dapp explorer. It later integrated the inbuilt wallet…

Recently, BlockFi, a crypto lender, announced the addition of a new product feature on its platform. The crypto lender will give its users the ability to send cash to the platform through the wire. As of the 10th of March, users can now send USD wires to the BlockFi platform to buy stablecoins and begin earning up to 8.6% APY on the USD-denominated assets. The wires sent will be exchanged for Gemini Dollars (GUSD) on the platform, and the deposited…

On Sunday, BTC saw its worst daily loss since September 2019, declining from $8,900 to $8,000, almost a 10% decline. The decline has continued today, currently trading at $7,705according to CoinMarketcap.  Although the price drop was parallel to a lousy day in trading traditional stock, analysts claim that there could be more factors driving the BTC crash.  For instance, a trader named Kevin Svenson on Twitter claimed that this sudden crash could not be attributed to sell-offs since the market…

India’s central bank (RBI) is planning to file a review petition on the Supreme Court’s ruling that, the banking ban on crypto was unconstitutional. Last Wednesday, the Supreme Court of India, in its ruling lifted the banking ban on cryptocurrencies. The RBI, had in April 2018, issued a circular to prohibit all banks from providing any services to crypto-related businesses. However, according to a report from Economic Times, the RBI is planning to file a review petition on the Supreme Court ruling against the central…

Facebook has revealed its intentions to make some key re-designing of its Libra project. The 3rd March 2020 announcement aims to make the network compatible with multiple coins, including some issued by various central banks. This effort is an attempt to entice reluctant financial regulators in Europe and the US as well as revitalize its project's momentum. Libra Reorganizes Due To Opposition  At the dawn of the Libra project's launch, the social media giant outlined the project's main goal as…

The technology giant, Microsoft, has announced a critical update of its Edge browser on Thursday. The update contains a feature that identifies and prevents the download of potentially unwanted applications, such as cryptojackers. Cryptojackers are bad actors that utilize codes hidden on websites or downloaded on users' hardware devices such as computers. They then proceed to mine cryptocurrencies using the user's processing power. A Microsoft announcement stated that they added this feature after receiving complaints from several users regarding some…