Last week, the Bitcoin price bounced from $9,860$. Currently, the Bitcoin price trend is following the descending triangle pattern and nearing towards the climax of the triangle. A breakout either way will lead to a spike in volume. As of now, the market is indecisive on which direction it will...
Binance, the leading global cryptocurrency exchange launched this year Binance DEX, a decentralized exchange built on Binance Chain. The platform uses Delegated Byzantine Fault Tolerance (dBFT) as its consensus mechanism. It has 11 pre-selected validators who produce blocks and ensures the stability of the network. Given the popularity of Binance...
Rakuten group on Monday 19th Aug 2019 announced the launch of their cryptocurrency wallet. The wallet will support the spot trading for following crypto assets – BTC, ETH, and BCH. As per the press release, there will be no fees for purchasing or selling crypto assets or depositing money. So...
Last month a draft bill titled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019” circulated. The draft bill has proposed up to a 10-year prison sentence for individuals who mine, generate, hold, sell, transfer, issue or deal in cryptocurrencies. It is expected that the Indian Government will...
Recently U.S. treasury yield curve inverted to flag a possible future economic recession. Economists are getting nervous due to inverted yield curve historical correlation which accurately indicated the previous 7 recession cycles. The cause of this can often be attributed to a weak economy which causes inflation to drop below the...
During the 2019 bull run, the need to expand the investment portfolio has also brought focus to lending projects making decentralized finance (DeFi) projects crowd favorite.
Mastercard appears to be building a cryptocurrency wallet. As per the companies job portal, they seek to hire the following three roles. – Director, Product Management – Crypto Currency/ Wallets – Link– Director, Product Development & Innovation – Blockchain Solutions Architect – Link– VP, Product Management – Blockchain/Crypto – Link...
People wrongly assume that the blockchain technology’s only application is cryptocurrencies. As many industries have discovered over the last 2-3 years, blockchain technology has disruptive qualities in a variety of sectors. One of these sectors happens to be crowdfunding platform. This sector has grown exponentially over the past decade with...
By 2020 Facebook is planning to integrate blockchain and cryptocurrency ‘Libra’ into its messaging application Messenger and WhatsApp. Set to become a new global monetary system, this new financial infrastructure will rely on the BFT-consensus algorithm to facilitate agreement among all validator nodes on the order and execution of the...
Digital wallets are scaling quickly than traditional banks. It is believed that digital wallets could upend traditional banks within 5 to 7 years. Traditional banks reliance on physical infrastructure which builds customer acquisition costs to $350-$1,500 per person. In comparison, digital wallets can acquire customers at just $20 per person,...
