TL;DR Breakdown Non-fungible token market grew exponentially in 2020, and we believe it may experience a greater boost in 2021. Many blockchain projects currently leverage the unique features of NFTs, and the future is really promising.  In 2020, the non-fungible token market grew by almost 300%, tripling its size in 2019. More than $250 million […]
TL;DR Breakdown The Bank of America allegedly divulged users’ information to the authorities. This is not the first time such institutions have violated their users’ right to financial privacy. Blockchain is the easiest route financial services consumers can take to avoid such breaches. While blockchain is mostly associated with cryptocurrency and the decentralized finance market, […]
Yesterday, Binance created some frenzy in the crypto space when it decided to temporarily suspend withdrawals on Ethereum and other crypto assets based on the blockchain of the second-largest crypto asset by market cap. While the crypto exchange firm has since restored these services, it stated that its earlier decision was borne out of “congestion […]
Yesterday, Binance created some frenzy in the crypto space when it decided to temporarily suspend withdrawals on Ethereum and other crypto assets based on the blockchain of the second-largest crypto asset by market cap. While the crypto exchange firm has since restored these services, it stated that its earlier decision was borne out of “congestion […]
TL;DR Breakdown Bitcoin price surges have led some financial experts to claim it is a bubble. If BTC is a bubble, it is an atypical one acting utterly different from all great bubbles of the past. The cryptocurrency exhibit features of a bubble and anti-bubble. Since Bitcoin gained wide publicity and more people began to […]
TL;DR Breakdown Defi Money Market halts its operations. Users have to redeem their mTokens before it drops to 0% by February 10. Its shutdown has potential consequences for other asset tokenization projects. In one of the most shocking moves in recent times, Defi Money Market, also known as DMM, announced that it would be shutting […]
TL;DR Breakdown Nigeria’s CBN imposes crypto ban. There are speculations that the ban might have a political undertone. Some countries have also issued an outright crypto ban in their attempts to protect their citizens and their economy. Nigeria’s burgeoning crypto industry suffered a significant setback recently as the country’s apex bank, the Central Bank of […]
TL;DR Breakdown SEC accuses Ripple of selling unregistered security in the guise of crypto token. XRP’s identity issue comes to the fore in this impending lawsuit. Ripple has denied any wrongdoing saying its token is just like Bitcoin and Ethereum. Crypto community shares divergent views on what the SEC lawsuit mean to the industry. Towards […]
TL;DR Breakdown Wall Street’s actions on the GameStop shares have driven a new set of investors into the crypto industry and DeFi space. Retail investors are seeking a financial system that provides a level playing field for everyone. Transparency, fairness, and openness are the ideals that DeFi looks to promote. The early weeks of 2021 […]
TL;DR Breakdown Stablecoins are cryptocurrencies. The crypto assets are pegged to either fiat currencies, commodities and even other cryptocurrencies. Tether, Binance USD, Gemini Dollars, CACHE gold are notable examples of stablecoins. One major fear investors have about the crypto industry is because of its highly unpredictable nature. One minute, you are sitting over a crypto […]