Dennis Saunders
52 posts
What Are Crypto Domain Names and How do They Work?
A centrally owned domain is managed by a third-party organization, which has to report its ownership to ICANN, an international organization that tracks the property of all domains. Crypto domains change this and democratize access to domain names. Crypto Domain NamesTraditional domains are not really...
September 10, 2021
Vitalik Buterin Hints At Elon Musk Collaboration – A Match Made In Heaven?
The electric car CEO agreed with Vitalik Buterin on the matter of collaboration between Dogecoin and Ethereum. In an interview with the famous AI researcher Lex Fridman, Vitalik, the Co-founder of Ethereum, proposed a reliable bridge to link Doge and Ethereum, suggesting that this would...
August 31, 2021
Facebook Has rebranded Libra To Libra-Diem – Has It Got Life In It Yet?
Driven to change this focus, Facebook opted for a name change as a means for offering the association a new chance to impress regulators and establish itself in the growing crypto market. With the rebranding, what was formerly known as the Libra Association will now...
August 30, 2021
51% Attacks And Why Crypto Devs Are So Concerned About Them
So, what exactly is a 51% attack, how is it performed, and what effect does it have on cryptocurrencies? Proof-of-Work in a NutshellSuppose you and I have struck a deal, and now I need to pay you in crypto. The transaction needs to be validated....
August 30, 2021
Facebook’s Libra Failed – Will Other Big Tech Giants Move Into Crypto
Why Facebook’s Libra FailedThe main reason behind the downfall of Libra was regulatory restraints. The cryptocurrency sought registration and the necessary licensing in Switzerland. However, the country’s finance minister, Ueli Maurer, stated that Libra did not have a chance to succeed in its current form....
August 28, 2021
Square Is Building A DeFi Business Using Bitcoin
In a tweet, Dorsey stated that Square was “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.” Open and TransparentIn the same tweet, Dorsey stated that the new platform would be...
August 27, 2021
Jackson Palmer, DOGE Co-Creator Slams Crypto On Twitter
Palmer is one of the brains behind the development of Dogecoin. He created the cryptocurrency as a joke back in 2013, but he later left before Dogecoin hit the limelight. He even sold all his DOGE holdings; hence he did not make any significant gains,...
August 8, 2021
CONSOB Joins the List Of Regulators Warning Against Leading Crypto Exchange, Binance
Binance is not Authorized in Italy According to the regulator, the newly issued warning referred to Binance.com, which crypto investors use to access crypto trading services. The regulator went ahead and urged investors to be cautious when making investments affiliated with Binance. "Consob warns savers...
August 2, 2021
Chinese Government Meets With VeChain – Praising Its Tech
Even before that, the country has been bringing new laws and regulations, all for the purpose of making Bitcoin and altcoins essentially useless in the country simply by preventing anyone from using them, and even businesses from working with them. Aggressive Chinese Government Policy This...
July 25, 2021
Latest Trends In Bitcoin
Whilst some news is thrilling, exciting, and even funny, some trigger anger, fear, and frustrations. Millennials and Cryptocurrency Millennials and cryptocurrencies are a perfect match. Millennials are known to embrace everything digital, and cryptocurrencies sound like something that they would jump into. The nature of...
July 24, 2021
Monero and Bitcoin Atomic Swaps Launched by the Comit Network
In other words, the feature allows BTC and XMR owners to exchange digital assets without the need to trust one another, use intermediaries, or take similar precautions.Increased Decentralization This is a great way to further decentralize crypto, and I believe that a feature like this...
July 23, 2021
Can Visa and Mastercard Help CBDCs?
What do I mean by that? Well, it’s safe to say that around 80% of central banks around the world are either considering CBDC, developing it, or already testing the created product. Problems with CBDCs From Outset One thing that emerged as a serious issue...
July 22, 2021
New OCC Head VS Crypto Regulations
On occasion, the financial watchdog published some vague guidelines, but most of its time was spent in trying to hunt down all ICOs that sold securities, and in warning the public against risks that crypto carries with it. Things Are Changing Though... On occasion, the...
July 21, 2021
The Reasons Behind China’s Crypto Mining Ban
Not only did it renew the crypto ban that prohibits financial institutions from offering services to crypto businesses, but it also introduced a crypto mining ban, which might mean that mining Bitcoin in China is at its end. Bitcoin in China As some may know,...
July 20, 2021
6,710 New Millionaires Created By ADA Surge
However, before that, the prices were pretty much at their peaks for a lot of coins, and some of them even surged so high that they managed to create an entirely new wave of crypto millionaires. Cardano (ADA)However, before that, the prices were pretty much...
July 19, 2021
Bitcoin Bull Launches Pizza Company That Doesn't Accept BTC!
But, every once in a while, there are some interesting and amusing stories that emerge, and my favorite was always the Bitcoin Pizza Day origin story. Bitcoin Pizza Day For those who might not know, about 11 years ago, on May 22nd, a man called...
July 16, 2021
America’s Oldest Wine Shop Now Accepts Bitcoin
The most recent major example of this is the country’s oldest wine shop, Acker, which has been around for almost as long as the country itself. The well-known wine auction house has been around for 201 years now, established in 1820. These days, its auctions...
July 16, 2021
Benefits & Risks of Trading Forex With Bitcoin
Forex Trading Forex is interesting, as it is extremely available, and it doesn’t include anything but buying and selling foreign currencies. Anyone can do it with ease, but the trick is to do it efficiently, which is where people tend to start struggling. However, over...
July 15, 2021
‘Wen Lambo?’ – Lamborghini Purchased With Bitcoin
The latest example of this came when the local digital assets exchange, Zipmex, revealed that it processed this region’s first use of BTC for purchasing a Lamborghini. The buyer, Jo Chirawat, used nothing but this cryptocurrency and Zipmex’s own mobile app. Buying a Lambo with...
July 14, 2021
U.S. Congress Passes Bill Addressing Crypto Regulation
Crypto Regulation As you probably know, crypto adoption directly depends on regulation. Without regulation, businesses hesitate to go into crypto, even though there is huge money in it right now. With businesses avoiding coins, regular people have less confidence to try it out. Sure, they...
July 13, 2021
Was #DogeDay420 Part of a Pump and Dump?
Elon Musk, the leading cheerleader of Dogecoin, had been accused of a Bitcoin pump and dump in mid-April after Tesla sold 10% of Bitcoin holdings. Dogecoin If you are a DOGE lover, you may be wondering whether the #DogeDay420 is part of a pump and...
July 7, 2021
Microsoft and Intel Introduce a Shield Against Cryptojacking
Hackers, scammers, and other shady individuals used them, mostly for personal deals made through the dark web. Blockchain explorers did not exist back then, and using crypto allowed you to be anonymous. Of course, we all know that those people still use crypto to this...
July 6, 2021
What Are Cryptocurrency Custody Solutions?
That puts responsibility on you, such as having to apply proper security measures, come up with strong passwords to protect your accounts, and be careful when it comes to entering addresses. But, ultimately, it’s just you and your own money — no banks or financial...
July 5, 2021
What Will Happen To Bitcoin After All 21 Million Are Mined?
With each block being solved every 10 minutes, that means that 6.25 BTC enters circulation every 10 minutes. In the past, a larger amount was entering circulation per block, but due to three block reward halvings, that amount went from 50 to 25 per block,...
June 24, 2021
Tesla's Acceptance of Bitcoin Will Increase Bitcoin's Mainstream Adoption Agenda
Its CEO is a very popular individual in and out of the crypto world. In fact, Musk briefly became the world's richest man earlier this year. With all of that in mind, I think that Tesla's acceptance of Bitcoin could have a very positive impact...
June 24, 2021
What Must Crypto Traders Keep Track Of During Correction?
The unpredictability of crypto price movements makes it difficult for both long-term HODLers and short-term traders to keep their wits about them when prices drop off a cliff. Regardless of the cryptocurrency, you are trading in, you find yourself in a precarious position. Notably, the...
June 23, 2021
Time Magazine Will Accept Cryptocurrency For Subscriptions
Even the U.S. government has realized that there is no way to ban Bitcoin unless the internet is shut down. Many of us who have been in the cryptocurrency space for a while are very well aware of the saying, “first they ignore you, then...
June 21, 2021
Social Trading Platforms Novice Traders Enter Crypto
Imagine interpreting trading charts, learning about technical indicators, reading news surrounding a particular asset, and keeping up with the market trends to have an edge. It doesn’t sound so easy, right? Especially when you are doing it every day of the week to capitalize on...
June 21, 2021
How Blockchain Changing The Global Supply Chain
Pre-blockchain procure-to-pay (P2P) process The process begins with the procurement of goods or services and ends with the payment. It’s executed via the Enterprise Resource Planning (ERP) systems. The buyer uses the system to place a purchase order which then moves to the supplier. When...
June 20, 2021
WallStreetBets Reddit Group Opens Up For 3 Cryptos
The forum's moderators had banned discussion on crypto markets as they thought it would derail the forum's primary purpose. Notably, the decision to allow crypto chatter again shows the digital currency is here to stay. While making the announcement, the moderators explained: "After much deliberation,...
June 20, 2021
How Blockchain Will Work In Smart Cities
Rather, the term refers to a future-oriented urban development process that hooks emerging cutting-edge technologies to attain optimum operational efficiency. Today, smart cities have turned out to be a killer use case of revolutionary blockchain technology. U.S. states like Wyoming have gone so far as...
June 19, 2021
Buying A Tesla With Bitcoin, Is This A Win For The Buyer?
Since customers can now pay for a new Tesla in Bitcoin, careful consideration of the terms and conditions guiding the transaction is essential. The carmaker's terms and conditions—though easy to miss—are not as simple as it has been painted. Bitcoin's extreme volatility is not a...
June 19, 2021
Miami Mayor Wants City To Become Bitcoin Mining Hub
Interestingly, the contributions made by a Bitcoin miner to the blockchain society are ensuring a secure payment network. Some of these advantages might have spurred "Francis Suarez”, the Mayor of Miami into making plans to turn the city into a bitcoin mining hub. Optimizing mining...
June 19, 2021
NFT Ecosystem VS Price Bubbles
The most recent spike in popularity can be attributed in some part to digital artist Beeple. The graphic designer stole the spotlight after his monumental digital collage, "EVERYDAYS: THE FIRST 5000 DAYS," was auctioned off for nearly $70 million at the British auction house Christie's....
June 17, 2021
Should You Buy Bitcoin Or Gold?
In the traditional economy, the best way to invest during a recession is to buy gold. This was a very effective strategy in the past but with the launch of Bitcoin in 2009, investors now have two options to weigh. They have to choose between...
June 17, 2021
The NFT Ecosystem And The Price Bubbles
The most recent spike in popularity can be attributed in some part to digital artist Beeple. The graphic designer stole the spotlight after his monumental digital collage, "EVERYDAYS: THE FIRST 5000 DAYS," was auctioned off for nearly $70 million at the British auction house Christie's....
June 16, 2021
NFT Artist Beeple Has Set A New Standard In Digital Artistry
After creating a digital drawing every single day for 13 consecutive years, the graphic designer brought all of those artworks together into a monumental collage. He called it "EVERYDAYS: THE FIRST 5000 DAYS." Beeple then minted the digital collage as a nonfungible token or NFT...
June 14, 2021
Can Blockchain Technology Revamp Electoral Voting Systems?
Even though the Electoral College officially ratified a win for Joe Biden, the debacle shows that little to nothing has been done to improve the current voting system in the age of technological advancement. Some of the most prominent analysts in the cryptocurrency industry believe...
June 14, 2021
What Are Options, Futures, and Perpetual Contracts?
These similarities border on price volatilities as well as the integration of investment or trading systems or provisions that exist in traditional financial systems and the broader stock market. Part of the investment contracts that are attached to traditional commodities including Options, Futures, and Perpetual...
June 9, 2021
The Core Ideals of Enterprise Blockchain Solutions
The earliest use cases of blockchain technology were limited to payments and cash transactions but as people get to understand the technology the more, we began seeing the emergence of blockchain engineers, recreating the utility surrounding the entire technology. Today, blockchain technology finds uses in...
June 9, 2021
Top 10 Programming Languages For Blockchain Development
Several blockchain projects are now developed using different programming languages. Since blockchain developers are in high demand, it will be appropriate to know which programming language will give you an edge within the industry. If you’re looking to know the best and the most popular...
May 27, 2021
How Ethereum is Driving Home Blockchain-Based Decentralization Features
The Ethereum blockchain code was designed as an open-source system, allowing other programmers to design smart contracts that can address real-world problems using blockchain technology. Till the last quarter of 2020, the Ethereum blockchain has hosted as much as 1.5 million smart contracts according to...
May 25, 2021
Best Crypto Trading Bots In 2021
When they are utilized with other risk management tools, they can help you maintain a steady strategy and take some of the emotions out of your trading. With a lot of them out there, the question now is to select the right crypto bot that...
May 25, 2021
What Is The Reason Behind The Popularity Of Stablecoins In 2021?
However, as more investors, traders, and institutions are starting to take advantage of their benefits, the market capitalization of top stablecoins has increased from March 16, 2019's $2.59 billion to $37.6 billion by March 16, 2021, according to Messari's data. But what are the reasons...
May 13, 2021
Thailand’s Top Movie Theater Opens The Door For Bitcoin Payments
Entertainment service provider, Major Cineplex Group, has just enabled buying tickets with Bitcoin. The cinema chain revealed it would undertake a pilot chain that will act as a benchmark to launch the complete service. When the option is enabled, crypto-friendly users will be allowed to...
May 13, 2021
Institutional Investors Bought The Ethereum Dip Suggesting It's Time For New All-Time Highs
Ethereum saw its market value plummet by nearly 22% on the weekend of April 17th, shedding over 500 points within hours. More than $1.16 billion worth of long and short ETH positions were liquidated across the board. While most of us trembled with fear after...
May 7, 2021
Seven Things To Remember About Plastic Card Fraud, As Visa And MasterCard Go Crypto
Rule 1: Keep the card information secure Never write down your PIN or share it with anyone; shield the pad with your free hand when entering it on an ATM or a terminal. Keep the card number, date of issue, and CVC code away from...
May 6, 2021
Bulls & Bears VS Healthy Skepticism: To What Extent Should We Trust Crypto Forecasts?
While the diversity of these opinions may be daunting in itself, there are a few reasons why we should be careful with trusting forecasts. First, the crypto-verse is young, and we don't know all its laws yet. Unlike traditional finance which has centuries of data...
May 5, 2021