Bitcoin will replace fiat currency by 2050 in a state of “hyperbitcoinization,” the moment in which Bitcoin will overtake global finance is being anticipated, as per the report by Finder.com, a personal finance comparison site. In fact, recently a similar tone was resounded by MicroStrategy CEO, Michael Saylor when he said “Bitcoin is the kingmaker.”Continue reading “Saylor says nations should buy ‘kingmaker’ Bitcoin to help citizens ‘live a decent life’”

While many believe Bitcoin’s carbon footprint underlines the need to tackle the environmental externalities that result from cryptocurrencies. Jack Dorsey recently announced that his company Square Inc. is considering a “Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” Dorsey has been a Bitcoin supporter for years, and believesContinue reading “Assessing the future of Bitcoin mining through the silicon lens”

While Bitcoin has broken above $60,000 for the first time since April, the altcoin industry showed mixed trading sessions. Some coins such as MIOTA and FTM declined slightly, whereas BNB registered a modest increase on its charts. Binance Coin (BNB) BNB moved up by 2.71% and was trading at $479, at the time of writing.Continue reading “Binance Coin, IOTA, Fantom Price Analysis: 16 October”

Even though Bitcoin and Ethereum showed bullish price action over the last 24 hours, certain altcoins had not mimicked the market leaders. The likes of XRP, VET and ETC moved sideways and flashed mixed signals on each of their respective indicators. XRP    XRP decreased by 1.46% in the last 24 hours and was pricedContinue reading “XRP, Ethereum Classic, VeChain Price Analysis: 15 October”

Anticipation around the SEC’s approval of a Bitcoin futures ETF has been touted as a catalyst for Bitcoin’s resurgence. The price of Bitcoin has climbed 35% in the last two weeks given investors’ optimistic expectations from the SEC. This time around, applications for ETFs have been filed under the Investment Company Act of 1940- aContinue reading “A Bitcoin futures ETF is the best way forward, or is it”

The pace of innovation, growth, and excitement around NFTs has grown exponentially over the past few years. With China’s McDonald’s giving away over 188 NFTs on its 31st anniversary, NFTs have managed to find wiggle room out of the China ban, however, there is a catch. Even though NFTs are intertwined with cryptos, companies inContinue reading “How NFTs managed to thrive in China despite stringent crypto regulations”

Cryptocurrencies continued to trade in the green on 10 October. The global cryptocurrency market cap noted a 0.69% increase to reach $2.29 trillion, however, the market volume decreased by 15.86% over the last 24 hours. Cardano showed positive price action, meanwhile, Binance Coin and Solana appeared to be in for some difficult days ahead. CardanoContinue reading “Cardano, Binance Coin, Solana Price Analysis: 10 October”