Bitcoin’s price revisited early 2021 levels on Wednesday as the currency struggled to maintain the $30,000 zone. Bitcoin extended losses to reach levels last seen in January 2021 on Wednesday amid a broader market sell-off. The peer-to-peer digital currency struggled to hold the $30,000 level throughout the day as U.S.Continue Reading
Understanding the monetary system is foundational to seeing what’s wrong with the current system and to have a true grasp of Bitcoin and its importance. “If you want to make an apple pie from scratch, you must first invent the universe.” – Carl Sagan Among the first objections that ariseContinue Reading
Bitcoin is in a league of its own compared to other cryptocurrencies and it’s important to know the distinction to protect financial freedom. As someone who learned the importance of “Bitcoin-only” from the personal experience of getting rekt, I feel a determination and duty to ward off newcomers from otherContinue Reading
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd (UST) fiasco as an example of why aContinue Reading
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD) functionality to the wallet app means people withoutContinue Reading
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower than the previous week. NFT sales on Ethereum were hit the hardest as the blockchain saw aContinue Reading
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30Continue Reading
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS alsoContinue Reading
Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CHIP-2021-03, which brings bigger script integers to the chain, and CHIP-2021-02, which has to do with the activation of nativeContinue Reading
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5 billion worth of BTC. Ethereum also fell to multi-month lows, as prices hovered slightly aboveContinue Reading
