Despite the series of obvious advantages, the DeFi platforms seem to face cyber attacks over and over again. Although the…
As one of the most hyped technologies this past decade, cryptocurrencies have been recognized as the gateway to unlocking revolutionary change in business operations. By the year 2030, Gartner estimates blockchain will have generated $3.1 trillion. Reflecting on some recent events in the crypto industry, Ethereum has reached $2.6K, which is an all-time high for the currency. However, Bitcoin’s soaring numbers experienced a fall and its market cap dominance is just under 50%, the lowest value it has reached in almost three years.
Ethereum (ETH), noted as the largest altcoin by market capitalization, saw all-time highs …
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This past weekend, Cryptocurrency coins experienced a downfall in prices after hitting all-time highs in the last couple of weeks. The market tanked early on Sunday morning, with Bitcoin taking the most extreme hit as it dropped $10K within a few hours. Dogecoin was the least affected crypto on the market, in comparison to others. It endured a minor dip and recovered shortly after with 12% gains by the end of Sunday.
Other changes also occurred in the market such as Coinbase going public via a direct listing. Bitcoin was able to rebound early Monday morning, …
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PayPal’s president and CEO, Dan Shulman, confirmed that cryptocurrency will be introduced shortly at the checkout service for online transactions, which will also waive transaction fees for purchases made with crypto.
PayPal, the well-known online payment and transaction service, is the latest to start accepting the digital currency as a medium of exchange at its millions of global merchants. The news was shared by the company’s CEO at the end of March 2021. The new system will feature a crypto checkout service that will allow customers to access their stored coins, in order to purchase goods …
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Hey everyone—Erick here—I read a comment on a Reddit thread and it sparked my thinking mind, way too early, so I decided to share some of my thoughts on the future of Cardano and ADA. The comment was along the lines of, “I would never use my ADA to buy a Coffee,” and I think this logic is flawed. Well specifically, the never part; granted, now isn’t the time but the future should be.
As early investors, we would all love to see ADA go to $100-thousand-million-über-dollars, but it isn’t realistic and, in my opinion, shouldn’t …
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Despite growing support, cryptocurrencies have yet to see mainstream implementation in the US economy. Many people and regulatory agencies are unsure of what to do with crypto, stalling its adoption. California has made some significant strides in this regard recently, setting an example for the rest of the nation.
California is no stranger to embracing change, so its support for a cryptocurrency economy may not come as a surprise. Given its high population, economic status, and cultural significance, it also holds major influence over the rest of the country. As California moves toward legitimizing crypto, the …
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Gold has been the world’s standard reserve currency for hundreds of years. Even as the world has moved to fiat currency, governments and investors alike still look to gold as a reliable alternative. Given recent volatility, though, it may be crypto’s chance to step in as a different, perhaps more secure option.
On Tuesday, August 11, gold experienced its largest one-day drop in seven years. Prices per ounce fell by 4.7% between Monday and Tuesday, bringing them down from above $2,000 to $1,932.28. This recent drop isn’t the only problem that the precious metal has on …
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Bitcoin is a hot commodity lately. This cryptocurrency is usually at the top of experts’ and users’ lists of recommendations for investments in the digital world. If you’re thinking about using Bitcoin or have already started your crypto journey, there are steps you can take to secure your currency. Here’s how to protect your Bitcoin wallet.
1. Use a Hardware Wallet
There are a few types of cryptocurrency wallets. Hard wallets connect to the internet for you to access at any time. This constant internet connectivity comes with certain cyber risks, though. If you want more …
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On May 11, 2020, Bitcoin successfully executed its third block reward halving. Bitcoin halving events usually occur every four years, and the first and the second events took place in 2012 and 2016, respectively. Since miners’ rewards for verifying blockchain transactions are usually trimmed by 50% following a halving event, past events have forced miners to adopt numerous changes to cater for the drops in profitability. What about the recent halving event? How have things unfolded for miners this time around?
Mining Inefficiencies
One obvious impact of a halving event is the reduced revenues miners receive. …
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Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target. Here’s what you need to know.
Wallets Carry Risks
Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has an internet connection, which makes it potentially hackable. You might wake up one morning to find your funds depleted by an infiltrator overnight. A May 2019 cyberattack on a Binance hot wallet led to a theft of $41 million—more than 7,000 …
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