Crypto

Thomas Peterffy, founder and Chairman of Interactive Brokers, revealed he had invested in digital currencies. However, he did not reveal which cryptocurrencies he owns. He further said that the clients of his company have been showing massive interest in digital assets services. The billionaire founder said he had placed a little bit of money into crypto. However, he noted that despite the chances pointing that this is not going to be a viable market, he still thinks that there’s a…

MakerDAO recently revealed its plan on moving to a fully decentralized ecosystem within the next few months after disbanding the current Maker Foundation. According to a blog post detailed by the CEO, Rune Christensen, Maker initially started as a decentralized autonomous organization before it moved to a Foundation charged with accomplishing an overall growth of the platform.  However, the Foundation was only designed for existing temporarily as Maker steadily transitions to a fully decentralized path. Looking back, the CEO recounts…

According to CNBC reports, millennials are making travelling a priority more than any other generation before. The average millennial plans to take about five trips in a year, and of these, three are international. The generation is still the primary demographic holding on to blockchain and cryptocurrencies. A millennial is five times likely to say Bitcoin is the best way to save than any older adult. Generation Y is more inclined to a life of fun, leisure, and technology, and…

According to reports from PwC, over 85% of central banks are either investigating or on pilot programs for digital versions of fiat currencies. The digital versions are now gaining traction as Central Bank Digital Currencies (CBDC), with China taking the lead with the e-yuan. However, while many countries seem ambitious about this version of virtual currencies, it doesn't mean they embrace cryptocurrencies. CBDCs are not cryptocurrencies, and some governments developing them have even banned cryptocurrencies. China is one of the…

Cardano has been a big talk in the crypto world. As one of the major altcoins out there, it is billed as one of the few cryptocurrencies that stand a chance at challenging the dominance of Bitcoin. Bitcoin always enjoys the first mover's advantage, especially since it is by far the largest crypto by market cap. Hence, other upstarts are therefore required to table something better to stand out, or else they may not make sense in the market cap. …

On Thursday, bitcoin fell below the $33,000 level sending the whole cryptocurrency market into a frenzy. Some coins such as Ether, Cardano, Dogecoin, Polkadot, and Dogecoin followed suit with drops of around 10%. The cryptocurrency has been trading at around half of its April peak, at $65K, for the past two months. However, it is currently starting to regain the $33K level and is trading at around $33,372. What Caused the Price Plunge? The price plunge was noted when reports…

In April 2021, Michael Morell, an EX-CIA director, ruled out the idea that Bitcoin and crypto are major ways for criminals to conduct illegal transactions. Instead, the main reason is that Bitcoin and the crypto world are too transparent for criminals to conduct their activities.   More or less, despite the numerous negative notions that people have towards crypto, the features of its tech are surprisingly integral in the fight against fraudulent activities in society. This guide will look into five…

Fireblocks, a crypto custody firm, is facing a lawsuit from Stakehound over the lost access to more than $70 million worth of Ethereum, according to Calcalist. Stakehound reportedly entrusted the company in question with the safekeeping of wallets' private keys totaling 38,178 ETH. Clearly, the Israeli-based company did not do a good job in securing them. Who is at Fault? From the Tel Aviv District Court lawsuit, Fireblocks lost the private keys due to an employee's human error. However, the…

Every other year, dozens of new crypto projects join the crypto space, all promising excellent and rewarding opportunities for all investors. Due to the increasing competition, advertising is always necessary for every new project to help the projects go mainstream.  Ever since the inception of crypto, the most popular method of advertising has been using digital forms. For instance, social networking platforms like Twitter, Facebook, Medium, and Telegram have proven very successful in advertising crypto projects. Therefore, at launch, most…