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Edward Snowden– a former member of the CIA and famous whistleblower– recently reflected on one of his one-time Bitcoin purchases. He shows amazement at Bitcoin’s immense growth despite China’s complete ban, which he says “only made bitcoin stronger.” Snowden’s Admiration for Bitcoin Snowden’s comments came in response to one of his former tweets from March of 2020. At the time, Bitcoin underwent a steep price fall of over 50%, from around $9000 to under $4000 in just two days. Snowden…

A study from Hong Kong Monetary Authority (HKMA) presents the thoughts and findings on CBDCs during the summer of 2022. Also, the Hong Kong regulators released a whitepaper today. In it, we discover the state is exploring the possibility of a digital Hong Kong dollar (e-HKD). Hong Kong might be analyzing the potential of a retail-focused central bank digital currency (CBDC) which aims to study the feasibility of e-HKD. What the Whitepaper Aims to Accomplish The whitepaper is part of…

Cryptocurrencies have rallied over the past year like never before in history. Most cryptos went as far as achieving all-time highs. Even with high volatility, investors do not seem to back down at any moment. As a crypto investor, it would help to know how to predict surges during a bull run to be at par with the rest of the community. Predicting the movement of crypto prices is complicated. However, with a few pointers, you can determine which cryptocurrency…

The past week was an impressive one for Axie Infinity (AXS). First, the coin broke significant ground, allowing investors to reap even more. However, many investors tend to get fearful when market prices start to rise. Even though the money's good, no one wants to be alone if things go wrong. So, the question is whether this rally will last. Coming Off a Long Line of Gains The crypto market has had an exciting run in 2021 for sure. Coin…

Leading Decentralized Finance (Defi) Protocol Compound is staring at heavy losses following a bug bite. The firm's chief, Robert Leshner, has revealed it in a series of tweets. Also, Leshner blamed the firm's woes on an upgrade that went wrong. Compound has recently updated its Comptroller Contract. The Proposal 062 update manages how the protocol rewards its stakers. A bug in the upgrade has seen the contract wrongfully allocate its users staking rewards in COMP tokens. The news won't be…

On September 21st, the U.S government took action against Suex, a Russian cryptocurrency broker. According to the announcement, the sanctions on Suex should eliminate criminal-related activities. Furthermore, the directive came from the Treasury’s Office of Foreign Assets Control (OFAC). The War on Illicit Financing According to the Treasury’s announcement, criminal networks use cryptocurrencies and exchanges to launder money. As per the government, such incidents affect the country’s economy. Essentially, Suex’s services combine illegal ransomware transactions with genuine transfers. So, for…

A resurfaced video of Peter Thiel has him forecasting a form of private, cryptographic money back in 1999. Let’s examine Thiel’s early prediction, and measure it against what Satoshi Nakamoto developed 10 years later.   There’s nothing like being ahead of your time. It’s always fascinating to study historical figures who have accurately predicted present realities that once seemed unfathomable. For example, would you believe that Alexander Graham Bell foresaw global warming over 100 years ago? Or that Nikola Tesla…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,139 trillion. Bitcoin is up by nearly 11% after a rejuvenating week. Ethereum gained more than 12% in value over the week. XRP has increased by roughly 14% over the past seven days. Almost all altcoins have registered significant gains this week. The DeFi sector gained almost $6 billion in total value protocols (TVL).…

The Internet and blockchain technology are the precursors for an age that supports virtual digital currencies. Therefore, the need for technological advancement is eminent as the world becomes more digital. Above all, centralization is an ownership problem that decentralized finance fixes. Elrond network is a highly secure, fast, efficient, and scalable blockchain platform for distributed apps. Its primary objective is to construct a transparent architecture for different economies. Additionally, it aims to have low latency and high bandwidth transactions. Most…