Coinbase Misses Q3 Earnings Target – Shares Fall
A landmark achievement where it became the first cryptocurrency company to go public, coupled with an unprecedented bull run, had set the company on the path to a $2.2 billion dollar revenue in Q2 2021. Third Quarter EarningsThe third quarter however did not come with...
HEX — The Ultimate Crypto Scam That People Are Still Being Fooled By
HEX ProjectHEX was founded by Richard Heart, real name — Richard J Schueler. Richard has a history of shady businesses and having legal issues in Panama, including shilling anti-aging pills and Viagra which he was sued for in 2003. Richard Heart is a maximalist and...
Which Cryptos Burn Tokens – Are Any Deflationary Yet?
The economic thesis proves that when the supply is low, the demand increases, and when supply is high, the demand decreases. In order to checkmate inflationary effects, the supply would have to be reduced. For this reason, the circulating supply of cryptocurrencies like BNB (Binance...
Ethereum Could Rocket On ETH 2.0 Launch – Here’s Why
The dApp builder has further surged in utility thanks to the advent of decentralized finance (DeFi) and the growing popularity of non-Fungible tokens (NFT). These developments likewise contribute to the upward price trajectory of Ether (ETH), the native digital asset of the Ethereum blockchain. The...
Bitcoin Halving – What Happens And When Is The Next One?
Bitcoin mining refers to the process of validating and auditing transactions on the Bitcoin blockchain. Miners ensure that all transactions are valid, before adding them to a block. They also prevent users from double spending Bitcoin. To validate transactions, miners must compete to solve complex...
Why Did Uniswap Remove 100 Crypto Assets From Their Platform?
The platform, which recorded massive growth in both users and trading volume amid the DeFi boom, reported that its decision was fueled by growing regulatory scrutiny in the crypto-asset industry and the need to measure up with regulatory demands. Uniswap StatementA statement published on its...
Bitcoin Mining Has Become One Of The Most Profitable Industries On The Planet
Data showed that miners pocketed $3 billion in revenue at the peak of the April 2021 bull run; thus, debunking popular claims that Bitcoin mining rewards is on a downward spiral. This figure translates to about $100 million daily on an average, which is a...
Telegram Vs Whatsapp Vs Status – Which Is Best?
The emergence and adoption of instant messaging applications halted the dominance of SMS (Short Message Service) as the primary means of communication on mobile devices. Aside from being the cheaper option, IM applications introduced many additional features like group chats, voice and video calls etc....
Ocean DAO is Making Tremendous Headway – All You Need to Know
Project founders and curators are the major players in the OceanDAO ecosystem. While the former can actively source for grants to build their projects, curators are usually OCEAN token holders who uphold the standards of the community by voting quality projects. To stand a chance...
Crypto Mortgages – Are they on the Horizon?
There’s a reason why there’s so much buzz surrounding blockchain and cryptocurrency. For most of our lifetime, humans have been dependent on centralised custodians (banks, payment processors etc.) to carry out financial transactions. This reliance on third-party poses numerous disadvantages including high transaction fees, delayed...
Counos X A New Exchange That Is Pioneering Crypto Regulation
In our world today, humans and businesses interact and transfer value using government-backed fiat currency. The use of these fiat currencies for both local and cross-border transactions helps to grow the economy and shape the country’s financial system. Counos platform adopts this idea to build...
Stacks Opens Door to Developers with Six Week Guided Course
Stacks Foundation is inviting developers to ‘Clarity Universe’. Through this program, the foundation which advocates for a user-owned internet will introduce developers to everything they need to know about the Clarity smart contract language. The course will run for six weeks and has limited entry...
Ethereum’s Community Support of Ethiopia in the Ongoing Tokyo Olympics
Members of the Ethereum community rallied behind Ethiopia in the recently concluded Olympic Games held in Tokyo after it was observed that Twitter’s hashtag-activated special emojis for Ethiopia coincided with the ticker of the second-largest cryptocurrency. The Twitter hashtag for Team Ethiopia, ETH, which activates...
Currency.com Joins CryptoUK To Pioneer Regulated Crypto Exchanges
Belarus-based trading platform Currency.com has joined forces with CryptoUK to help achieve the latter’s goal of achieving a favorable regulatory framework for the UK cryptocurrency industry. CryptoUK primarily intends to achieve this by collaborating with companies within the ecosystem to educate government bodies and regulators,...
Energy Sector Needs Crypto – A Look At Energy Web Token
There’s a fundamental shift from fossil fuel-driven energy systems to completely carbon neutral methods of energy generation. The United Nations (UN) terms this transition the “world’s most urgent mission” as the high rate of carbon emissions continues to threaten our global environment. According to a...
Is Regulation Good For Crypto? Is It Inevitable?
For an industry that has provided a censorship-resilient and non-government issued system of payment, it is hardly surprising that regulation is one of the biggest concerns in cryptosphere since Satoshi Nakamoto created the foremost distributed ledger, Bitcoin. While cryptocurrencies have undoubtedly lived up to the...
Binance Is On The Ropes – Will It Survive The Regulatory Onslaught?
The first half of the year has been a tale of two sides for the largest cryptocurrency exchange, Binance. After introducing smart contracts through Binance Smart Chain (BSC), the company emerged as a pioneer frontrunner in the DeFi revolution. Shortly after, Binance followed up by...
Why You Should Be Cautious About Using Market Cap To Guess Future Prices
A distinct feature that bitcoin maxis are quick to remind critics when the agelong argument arises is the fact that, unlike fiat currencies, the value of cryptocurrencies is not dependent on government policies or economic factors. While this striking feature has attracted many to the...
Top 5 Coins To Stake With The Best Returns
The cryptocurrency world has evolved since Satoshi Nakamoto created the ‘mathematical miracle’ called Bitcoin. Asides from providing a great way to store value, cryptocurrencies present a myriad of opportunities for long and short-term investors to benefit. Earning with Crypto The most conventional and cliché way...
Tether Woes Compound As Fresh Bank Fraud Probe Looms
Stablecoin issuer and the company behind the largest dollar-pegged token, Tether is again at the center of the regulatory attack. Fresh allegations hint that the United States Department of Justice may probe the company executives for bank fraud. Fraud Investigation According to Bloomberg, the subject...
Four NFT Purchases That Left The World Dazzled
Non-fungible tokens (or NFTs) are unique, non-interchangeable and non-fungible digital assets. They often represent rare items like art collectibles, though their use case now spans across gaming, music, real estate, albums and other physical or digital assets. How do NFTs differ from fungible digital currencies...
SushiSwap Looking To “De-Decentralise” With Controversial VC Discount Proposal
SushiSwap The DEX, which launched at the peak of last year’s DeFi Summer with the “fair launch” mantra goading and staging a vampire mining attack on Uniswap, has unveiled a possible plan to give venture capitalists a stake in how the exchange is run daily....
Jackson, TN Set To Accept Property Tax Payments In Bitcoin
“Our blockchain task force is looking into how the @CityofJacksonTN can accept property tax payments in Bitcoin and allow our employees to DCA in Bitcoin” - @MayorConger via Twitter Troubled Times for the US Dollar The growing inflation and devaluation of the United States Dollar...
Energy Harbor Corporation To Provide Nuclear Energy For Bitcoin Mining
Ohio-based independent power producer, Energy Harbor Corporation has penned a five-year deal with Standard Power to provide an eco-friendly and carbon-free means of mining Bitcoin. Leading hosting provider for mining companies, Standard Power will leverage Energy Harbor’s nuclear electricity to provide sustainable, reliable, and clean...
Cryptocurrencies To Add To Your Watchlist In 2021
DISCLAIMER: This article is purely for educational purposes and does not constitute trading, financial, or investment advice. The cryptocurrency space witnessed the wildest and most impactful bull runs unarguably in the history of the nascent industry from December 2020 till mid-2021. While the recent run...
Visa Issues First Australian Bitcoin Debit Card
Visa Making Waves With Crypto Since the launch of Visa’s co-branded crypto debit card and its partnership with BlockFi to offer Bitcoin rewards credit cards in 2020, the fintech company has continued to expand its services in the cryptocurrency space through new partnerships, the latest...
How DeFi Services Are Reshaping The Industry And Financial Systems
Decentralized finance (DeFi) is a relatively new concept that eliminates financial intermediaries like banks, brokerage firms, exchanges, etc., allowing two parties to carry out transactions through blockchain-powered smart contracts. By eliminating third parties or middlemen, decentralized finance allows transacting parties to enjoy faster and low-cost...
New Zealand’s Apex Bank Considers Launching CBDC
New Zealand is the latest nation to join the race for a Central Bank Digital Currency (CBDC). The Reserve Bank of New Zealand issued a statement highlighting the need to reassess the current financial system and proffer a ‘broader currency system’ for its citizens. The...
Bitcoin Is A Mathematical Miracle – Apple Co-founder
“Gold is limited and you have to look for it; Bitcoin is the most amazing mathematical miracle. I do not invest in Bitcoin, but I believe in it for the future.” Steve Wozniak and Crypto Trading Despite his strong advocacy for Bitcoin and cryptocurrencies, ‘Woz’...
Bitcoin King Arrested for $250 Million Bitcoin Scam
The Background In 2019, Bitcoin Banco Group, a brokerage firm which promised investors high returns on investment, ran into trouble, following several complaints from investors that could not place withdrawal requests on the platform. The company claimed that it was hacked and as a result,...
Is Circle’s USDC Set To Overtake USDT As The Dominant Stablecoin On Ethereum?
The Analysis According to his analysis, Watkins sees Tether’s share of the stablecoin supply on Ethereum falling below 50%. With USDC’s appeal as the choice stablecoin in the DeFi sector, about half of its total supply now sits inside various smart contract protocols hovering around...
Coinbase Gets Permission to Operate as a Crypto Custodian in Germany
The Federal Financial Supervisory Authority (BaFin) has granted American cryptocurrency exchange Coinbase the right to offer cryptocurrency custody services in Germany. Per a report on the financial regulatory authority website, the exchange is the first to receive such a license in the country. “Coinbase Germany...
FCA Bans Binance in the United Kingdom as Crackdown Continues
The United Kingdom’s financial watchdog known as the FCA (Financial Conduct Authority) has continued to clamp down on ‘unregulated’ cryptocurrency activities within the country. Its latest episode resulted in the barring of Binance Markets Limited (BML), a subsidiary of Binance Group as published on its...
El Salvador to Airdrop $30 Bitcoin to Citizens to Facilitate Bitcoin Adoption
https://twitter.com/cz_binance/status/1408275209979760644?s=28 El Salvador and Bitcoin President Nayib Bukele in a national address on Thursday stated that the government (through the mobile wallet Chivo) will distribute $30 worth of bitcoin to Salvadorians who sign up to the wallet. “It will be within the Chivo app where...
Binance Officially Launches NFT Marketplace
“Binance NFT marketplace just went live. #BNB” Binance immediately set the ball rolling for the highly anticipated NFT marketplace with a host of artworks and mystery box collectibles already featured on the website. The NFT section which features a sleek, colorful interface has a ‘Trending’...
What Are Consensus Algorithms In Blockchains?
Nodes or computers in blockchains achieve synchronism by adopting a common consensus algorithm (often called consensus protocol/mechanism or governance model). Consensus algorithms are a set of rules that govern a distributed computing network. Simply put, they are procedures through which nodes in a blockchain reach...
ECB To Expand Official Currency Relevance Through CBDC
Eurozone’s apex regulatory bank, ECB, considers the possible expansion and the relevance of the Euro beyond the Eurozone through its proposed digital Euro. According to a recent Reuters report, “creating a digital euro could boost the single currency's international status by making it easier to...
Is Cryptocurrency Mining Still Profitable In 2021?
Introduction Early adopters made a fortune from mining cryptocurrency, but it is pretty difficult to tell whether cryptocurrency mining is still as profitable in 2021. According to Malcolm Cannon, successfully mining just one bitcoin block and holding it since 2010 would mean you have $450,000...
Revolutionizing Copy Trading Through Decentralized Finance
When Satoshi created the first distributed ledger in 2009, few expected that it would give rise to one of the biggest financial markets ever. More than a decade later, thousands of coins and tokens that fuel various blockchain ecosystems exist. The total cryptocurrency market capitalization...
NFT In A Nutshell: What Does It Stand For?
NFTs are Non-Fungible Tokens. They can represent anything, ranging from art, music, real estate, etc. and have amassed massive interest recently. There are lots of questions about NFTs and whether they are worth the money spent on them lately. Some experts say they’re simply bubbles...