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Not many blockchain-based platforms have taken the world by storm in such a short time, but Internet Computer (ICP) seems to have crossed the threshold. As a disruptive technology, this protocol wants to alter the internet by injecting decentralization and reducing the effects of a few tech giants. The proprietary protocol that this platform uses to offer its innovations is the Internet Computer Protocol (ICP). With the tools that this ecosystem provides, developers can conveniently churn out dApps. Also, they can…

Brian Armstrong, the co-founder, and CEO of Coinbase, made a stunning announcement recently. The platform intends to buy around $500 million worth of cryptos, according to a tweet.  The news follows a go-ahead by the platform's board, according to the CEO's tweet. Coinbase will make the purchases on its balance sheet to shore up its holdings. Part of a Bigger Plan The purchase is quite possibly the tip of the iceberg. According to the same tweet, Coinbase will commit 10%…

The bulls are back in control of bitcoin’s price action after the leading crypto bounced from a slump to a new weekly low at $44,012. The price has now recovered gains and is trading above $48K, per data from coinmarketcap.  The BTC price logged new multi-month highs of $48,630 on Friday, the highest level since the mid-May crash, proving that the bull market cycle is still on. The uptrend that has seen BTC jump nearly 7% over the past 24…

On Thursday, Tokyo-based Japanese crypto exchange Liquid revealed hackers had compromised it. Liquid did not exactly put up any figure on the amount stolen from the warm wallets. However, Elliptic estimated the hackers made away with about $97 million in digital coins.  The figure included $31 million in ether, $5 million in bitcoin, $13 million in XRP, and stablecoins. $45 million of the amount was in Ethereum tokens. Liquid said that the conversion of the digital assets to ether is underway. This…

The Decentralized Finance (DeFi) space is so vibrant that it's hard to grasp the longevity of its applications. According to statistics from coinmarketcap, the market cap of DeFi is over $112bn. For that, financial watchdogs are having a hard time keeping up with such an explosive industry. Just recently, a hacker managed to scoop up to $600 of crypto from the Poly network. Such a security breach has ignited talks on whether regulators should be more involved in overseeing the…

Volatility is a distinct characteristic in cryptos like Bitcoin or Ethereum. One moment, the value could be skyrocketing, and the next second, it is singing a different tale. Though cryptocurrencies may offer intriguing innovations that are changing the financial realm, the issue of volatility is scaring off some potential traditional investors. Fluctuations are nipped in the bud by the concept of stablecoins. Stablecoins are cryptos that are pegged to a fiat currency or another item of value. An example that…

The recent announcement regarding Cardano's Alonzo hard fork has sent shock waves in the crypto world. According to the blockchain's founder Charles Hoskinson, Cardano should fully support smart contracts by Friday, 20 August. Furthermore, the hard fork seems to have the potential to propel Ada's price levels to new heights. What the Alonzo Hard Fork Offers The Cardano blockchain has development grouped into five key stages. Each stage is meant to make it a better version of itself. The five stages…

The Chinese central bank's branch (PBOC) in Shenzhen has begun to crack down on illegal crypto token transactions. Its targets are new companies suspected of engaging in unlawful crypto token activities. Colin Wu, a Chinese crypto-journalist also identified as 'Wu Blockchain' on Twitter, said the PBOC has already discontinued 11 such firms. According to reports, the PBOC prosecuted the companies as an effective campaign to show zero tolerance to cryptocurrency trading. In July, the Shenzhen branch of China's apex bank had…

According to several on-chain features, the possibility of Bitcoin heading towards a significant price boost is still in the game. Miners have ceased disposing of their coins, including long-term hodlers. The Stablecoin Supply Ratio has also dropped substantially recently. Apart from being the root of the Bitcoin network, miners also have a notable role in the underlying asset price. For example, they can negatively impact BTC's price when they finally sell off massive portions. This was the case at the…