Despite the fact that a bear market might be taking over, fund managers remain hopeful about the crypto-space in the long-term. In fact, the most recent report by Cathie Woods’ ARK Investments has claimed that both Bitcoin and Ethereum have trillion-dollar futures lying ahead, owing to their continued growth in utility. Hope for Ethereum #BigIdeas2022Continue reading “Ethereum ‘likely to capture a portion of the $123 trillion global money supply’”

The recent lull in cryptocurrency market prices has been felt across all sectors in the industry, but decentralized finance might be in for an especially harrowing time, according to experts at DApp Radar. All major cryptocurrencies including Bitcoin and Ethereum witnessed double-digit losses over the past week, and experts fear that a bear market hasContinue reading “Can ‘DeFi Winter’ really wipe out 80% dApps from the market”

Touted as the poster child of Ethereum killers during most of 2021, blockchain network Solana‘s reign has been increasingly infested with network outages and performance issues recently. It suffered one of its slowest bouts amidst the crypto market crash-induced network congestion last week, leading to failed transactions and suspended withdrawals on the network. Interestingly, SolanaContinue reading “Divided opinions over Solana’s viability as an ‘Ethereum killer’ amid repeated outages”

The Non-fungible token (NFT) market is booming, and at its helm is the top NFT marketplace – OpenSea. Or at least it used to be before it was overtaken by the newly launched LooksRare. The latter is now handling traffic worth more than double the figures registered by OpenSea. Naturally, OpenSea has been looking toContinue reading “After carrying out trades worth $12B in Ethereum NFTs, OpenSea begins to eye Solana”

The blockchain network Ripple has shown some exponential growth in the past year, especially owing to its liquidity and cross-border payment verticles. This has been despite the lengthy lawsuit filed against it by the U.S Securities and Exchange Commission. Although, this has hindered the company’s reputation in the country, as highlighted by the many exchangesContinue reading “Ripple buys back Series C funding shares worth $15B a year after being sued over it”

After being in the pipeline for quite some time, the U.S Federal Reserve’s white paper on the development of central bank digital currency (CBDC) was finally released on Thursday. The Fed has stated in the paper that while the currency could allow citizens to gain access to easier and more speedy transactions, it could alsoContinue reading “Here’s why the Fed isn’t very optimistic about a U.S dollar CBDC despite benefits”

The sudden bullish reversal in the non-fungible token (NFT) market’s downtrend has been accompanied by a host of companies revealing their own plans for marketing them. Social media moguls have indicated over the week that they won’t be left behind, with Mark Zuckerberg’s Meta Platforms leading the pack. The Financial Times revealed on Thursday Meta’sContinue reading “NFT Wars: Facebook owner Meta and Twitter reveal ambitious NFT plans”

The non-fungible token (NFT) sector is going ballistic, and everybody wants a piece of the pie. While far away from its heyday in August last year, when it was carrying out trade of over $1.7 billion each day, the NFT industry is nevertheless booming at the moment. It crossed $500 million in daily sales earlierContinue reading “Bybit joins the NFT marketplace party amid market’s renewed boom”

When it was first envisioned over a decade back, Bitcoin was supposed to be a decentralized alternative to fiat currencies to transform existing financial systems. Much of that has changed along the way, with many top cryptocurrencies now serving as holding assets for risk-taking investors. Nevertheless, enthusiasts are trying to evolve Bitcoin‘s usability as aContinue reading “Here’s why Paxos CEO thinks stablecoins will overtake Bitcoin as payment channel”

The leading cryptocurrency exchange crypto.com suffered a breach on its platform on 17 January, and the community had since been waiting for a detailed analysis of the hack to be released. While several independent analysts had uncovered parts of the heist, Crypto.com has now released a postmortem for the same, revealing the breach of aroundContinue reading “Crypto.com hack revealed: Attackers stole $34 million from 483 accounts”

Ever since Ripple was dragged into a lawsuit by the U.S Securities and Exchange Commission, the blockchain company has been increasing its focus on foreign partnerships. During this time, a number of banks globally have employed Ripple to aid them in transforming their payment channels. Morocco’s biggest bank just joined this long list. Attijariwafa Bank,Continue reading “RippleNet cements presence in MENA by partnering with Morocco’s biggest bank”

The mania around Web3 is intensifying by the day, especially as the digital infrastructure surrounding it continues to take a definitive structure. This has caused many players from the current internet epoch to allocate their resources to the same in a bid to stay relevant during this transformative period. The most recent move in thisContinue reading “Opera pushes further into crypto with new Web3 integrated browser”