Crypto Performance Analysis in Q3 2021
Cryptocurrency asset aggregation portal Coingecko has published a Q3 2021 crypto report covering several aspects of the crypto industry. Based on the study, the crypto economy has recovered remarkably from the market crash in May 2021. Market capitalization has dipped from an all-time high value of $2.5 trillion to nearly half of it in late […]
Facebook Diem: The Digital Currency Global Invasion
This year is a disruptive year for the blockchain space. It witnessed the evolution of projects such as non-fungible tokens (NFTs) and decentralized finance (DeFi), becoming the major discourse for the mainstream media. Another crypto that gained media attention is Facebook’s Libra. However, this global digital currency underwent a rebrand and got a new name. […]
What is Cosmos (ATOM)?
There are over 10,000 dApps, tokens, and coins listed on popular exchange platforms with each uniqueness. Starting from the pioneer cryptocurrency coin, Bitcoin, used as a form of exchange and legal tender. Ethereum is used as a general smart contract and also as a form of legal tender. These developments were plagued with different setbacks […]
What is Neo (NEO)?
Neo is a platform created to support the development of blockchain-based digital assets as well as smart contracts. According to the company, it advertises itself as a “rapidly developing” platform with the grand goal of laying the foundation for the next generation of the internet. A community where economic products and payments for those products […]
6 Ways to Evaluate an NFT Project Legitimacy: Important Things to Know
Today in the crypto space, non-fungible tokens (NFTs) are the latest trend in the industry. Daily, there are new audiences, and participants increase as they adopt this innovation. NFTs are becoming marketing campaigns and an integral part of business today because companies now seek business opportunities to explore the space. While this adoption and creation […]
Top Engineers Abandon Facebook’s Crypto Project
Leading companies are entering the crypto and blockchain space. Facebook is one of the organizations that has been exploring the industry. However, the top engineers working on Facebook have abandoned the project to work with A16z, led by Andreessen Horowitz. Facebook wallet Novi One of the oldest and well-known social media channels, Facebook has been […]
Bitcoin surges on expectations of the SEC approving two ETFs
Bitcoin (BTC) has been on a bullish streak as the deadline for the US Securities Exchange Commission (SEC) to rule on two applications for exchange-traded funds (ETFs) tied to BTC futures inches closer. With rumors that the regulator might approve both applications doing rounds online, the largest cryptocurrency by market capitalization has gained 2.82% in […]
What is UNUS SED LEO (LEO)?
UNUS SED LEO (LEO) is the native utility token used for executing transactions on the iFinex ecosystem. The token is relatively new and has a design structure that allows for the extension of user capabilities across the iFinex platform as a whole. The index is a subset of Bitfinex company, a platform for executing a […]
18% DeFi Growth amidst New Blockchain and NFTs Disrupting the Space
As the crypto market experienced a quick recovery and NFT popularity is causing a booming market, the DeFi market is growing up to 18% this month. This DeFi market popularity reflects users’ understanding that smart contracts can replace the traditional loan system. This is observed from the adoption revelation happening with the private investors. They […]
What is The graph (GRT)?
The graph is a decentralized protocol that allows developers, users, and merchants to organize, query, and index blockchain data. It can successfully read extremely complex data directly from the blockchain, with more recent successfully read projects like Uniswap and NFTs like Bored Ape Yacht Club. The graph network or ecosystem consists of 3 major parties […]
Unknown user pays a 123 ETH commission and other key events in the crypto space
The crypto market has been eventful this week with a new rally sending Bitcoin (BTC) past $59,000. At the time of writing, the flagship cryptocurrency is trading at $59,039.32 after a 2.36% change in 24 hours. The altcoin market has also followed suit, with Ethereum (ETH), the second-largest cryptocurrency by capitalization, gaining 3.29% over the […]
What is Maker (MKR)?
The Maker platform allows its users to take out loans through its smart contract lending platform by locking-in in the place of DAi. MKR is the token used for governance on the Maker DAO, and maker protocol at large. Both of which are Ethereum based decentralized blockchain platforms in which the users are allowed the […]
What is Waves (WAVES)?
The Waves platform is a decentralized blockchain that allows participants on the platform to design and launch customized cryptocurrency tokens. Unlike most of the other regular cryptocurrency-based platforms that require extensive programming before smart contracts are created, Waves allows this with ease. The tokens on the network are created and managed by the participants on […]
What is Dash (DASH)?
Dash is an open-source cryptocurrency platform that offers its participants cheap and fast decentralized blockchain payment solutions on a global scale. According to its whitepaper objectives, the project is aimed at improving upon the services of Bitcoin by providing scalability, faster transactions, and strengthened privacy. The Dash platform, which had its name coined from digital […]
What is Bitcoin BEP2 (BTCB)?
Bitcoin BEP2 is a cryptocurrency pegged to the Bitcoin network that was issued on the Binance crypto exchange platform. In the world of cryptocurrencies, pegged coins have an advantage over other relatively new cryptocurrencies in that they have total backing. The Bitcoin BEP2 platform has complete backing of its reserve on the Bitcoin network. Due […]
US topples China to become the leading destination for BTC miners
The US has become the leading contributor of Bitcoin’s (BTC) global hashrate, surpassing China for the first time. A report disclosed this news on October 13, citing new data from the Cambridge Centre for Alternative Finance, which scouted BTC electricity consumption across the globe. The university released its findings through the Cambridge Bitcoin Electricity Consumption […]
What is PancakeSwap (CAKE)?
Launched on September 2020 by a group of anonymous developers, PancakeSwap is the leading Automated market maker on Finance Smart Chain. It is a decentralized exchange platform and one of the leading pools that allow for the seamless exchange of cryptocurrencies between users on the ecosystem. As its name suggests, Pancake Swap is another food-themed […]
What is EOS (EOS)?
EOS is a decentralized blockchain platform that allows for the development, running, and hosting of decentralized business applications. The basis of EOS’s core functionality is relatively simple by allowing businesses and individuals to embrace blockchain technology and harness its power in cresting blockchain-based applications in a similar way to web applications. EOS provides a series […]
What is FXT (FTT)?
FTT is the derivative cryptocurrency of the popular exchange platform, FXT with the main function of standing as collateral against a futures position. The FXT team is a collection of some of the largest cryptocurrency traders with long years of experience in the crypto trading field. The creation of their token is the result of […]
What is AMP (AMP)?
AMP is a new virtual collateral network that offers its users veritable and instant assurance on value transfer of any sort. The use of this platform provides irreversible fast and secure transactions which could be applied to a series of use cases. The broad objective of the project is to allow the developers to provide […]
