Technology

Bitcoin has been slumping to a lower level lately, having failed to sustain itself consistently over the $32k mark. Likewise, Ethereum dropped by almost 15% in just one week. With the market frontrunners dropping to such levels, Cardano’s sustained sideways movement even in these times of turmoil has left some analysts surprised.  Cardano managed to stir someContinue reading ” Why is Cardano the primary hedge against Ethereum for this analyst”

Just a week back, Axie Infinity’s AXS token took the market by surprise when it claimed new ATHs. However, this week, Small Love Potion (SLP), a token belonging to the very same Axie Infinity ecosystem, took charge and recorded a massive rally.  Neither Small Love Potion nor SLP ring a bell, right? As a matterContinue reading “Here’s why ‘you can’t really be all that bearish about Small Love Potion [SLP]’”

With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerousContinue reading “THORChain hit by another exploit; loses up to $7.6M”

Regulatory scrutiny has become an oft-visited issue in recent months, with countries all over the world stepping up their efforts to regulate the cryptocurrency ecosystem. Several arguments have been made in favor of, as well as against these steps, with some calling it an effort by traditional institutions to curb what doesn’t fall under theirContinue reading “A classic case of short-term loss, long-term gain for Bitcoin and the crypto-sector?”

While the larger crypto-market sentiment seems to have taken a fall, DeFi adoption is keeping the flag up with an exponential growth pattern. The DeFi ecosystem is showing no sign of slacking off as it achieved a new milestone recently with its total number of unique addresses finally hitting the 3 million mark on 13Continue reading “What this means for DeFi’s ‘blue chips’”

The Cardano ecosystem has garnered some major headlines for itself amid the easing bearish cycle. Without a doubt, the altcoin is at a rather interesting crossroads now since the blockchain is on the verge of becoming smart contract compatible with the Alonzo upgrade scheduled for next month. Earlier this week, cryptocurrency asset manager Grayscale InvestmentsContinue reading “This potential Cardano catalyst could push its price to $5 by 2022”

Cryptocurrencies are multi-faceted assets with distinct use cases. They can be categorized as digital properties, digital currencies, digital platforms or digital/decentralized applications. The aforementioned compartmentalization encapsulates Michael Saylor’s “four quadrant magic.” Bitcoin, according to the MicroStrategy CEO, leads the first category. It is the “king of digital property” and an appealing “store of value.” TheContinue reading “Bitcoin, DOGE, Ethereum, USDT: Investing in one of these is literally a ‘gamble’ at this point”

Several countries are discussing the adoption of digital currencies to be issued by their respective central banks recently, as cryptocurrencies continued to find a place in their financial systems. Following the April announcement, a Japanese lawmaker recently told Reuters that a clearer picture of Japan’s anticipated digital Yen would be obtained late next year. HidekiContinue reading “‘Digital Yen could reshape changes in Japan’s financial industry’”

After a series of setbacks in its price action, Bitcoin, seems to be looking up again. At press time, it was trading just above the $35.5k price level with a surge of around 3% within 24 hours. Now, the questions is, will it continue its bullish momentum to reach its April ATH or perhaps evenContinue reading “These are the worst-case scenarios for Bitcoin in July, August”