Technology

Throughout last week, Bitcoin’s price was struggling to hold above the $50k benchmark. However, the market’s king-coin has been trading well above the aforementioned threshold over the past day. In fact, BTC was valued at $51.7k at press time. Amid the renewed buying-interest, a certain category of stakeholders, has been booking their profits and cashingContinue reading “The recent sell-off by miners may have this impact on Bitcoin’s price”

The past few days have been pretty decent for most alts. Despite the inadequate support received from Bitcoin, they’ve been able to carry forth their respective rallies. Take the market’s 12th largest crypto, Chainlink, for instance. The aforementioned alt’s market value has appreciated by over 119% in the past six weeks and has managed toContinue reading “Chainlink in a ‘relatively good’ position to benefit from upcoming Bitcoin rally”

Russia’s largest bank – Sberbank or Sber – has been taking some significant steps in the blockchain space. One of the world’s biggest public companies, ranked 51st on Forbes’ Global 2000 list this year, Sber is once again in the news today. According to a report by the Russian media TASS, the banking giant plans toContinue reading “Russia’s Sberbank maps timeline for blockchain, digital asset registration”

At the time of writing, Ethereum, the world’s largest altcoin, had broken from its previous trend and had surged past the $3,400-mark. In fact, it was trading at $3,510, well above the aforementioned resistance. Even so, Ethereum’s on-chain data presented contrasting trends. Even though transaction count and active addresses have been fairly low of late,Continue reading “Dissecting the hype and future of the ongoing Ether Rocks frenzy”

Solana, the eighth largest cryptocurrency by market cap broke past $100 for the first time and continued its rally above $115. At press time, the price of SOL was $118.35. Reaching a three-digit price wasn’t the only reason to rejoice for the Solana community. Its NFT marketplace, Solanart also recorded a milestone of one millionContinue reading “Assessing Solana’s ‘historic run-up’ past $100”

The DeFi ecosystem has been garnering a lot of attention of late. This space is evidently trying to blend itself with the traditional financial landscape. As things are slowly getting mainstream, regulatory authorities have been bombarded with a host of challenges. To broaden their understanding of the ecosystem, they have been taking varied measures. AccordingContinue reading “Why investing in these DeFi tokens, in addition to Ethereum, Solana, make sense”

Ethereum has been receiving a lot of positive encouragement lately, thanks to the development activity. It is no wonder then that venture capitalist Bill Gurley recently championed the use of Ethereum and praised the network’s community. In an interview with Bloomberg, the investor espoused Ethereum while clarifying that his support for the network is personal.Continue reading “Why Ethereum is the ‘the smarter way to play’”

The month of August has, by and large, aided the recovery of most of the market’s top cryptocurrencies. The 30-day returns for Bitcoin and Ethereum, for instance, reflected positive values, 22.35% and 35.95% respectively, at the time of writing. Given the high risk associated with HODLing these crypto assets directly, institutional investors have been onContinue reading “Bitcoin vs. Ethereum: Which crypto leads the investment products race”

Regulating Bitcoin or any other cryptocurrencies has already been a difficult task for regulators worldwide. Now, the addition of decentralized protocols has only added to the woes. A recent study found that the US leads the way in terms of DeFi adoption worldwide. However, a regulatory framework for these platforms might be a long wayContinue reading “Defi: Here’s why it’s necessary to minimize legal and financial risks”