Stablecoins are not the same as cryptocurrencies, as these are only the mirror images or reflections of these cryptocurrencies. The stablecoins are specifically pegged against a definitive commodity such as another cryptocurrency or even the US dollar. Their value is in reference to a definitive or competitive commodity which they are representing. There are worries,…
Brevan Howard, a top UK hedge fund firm, has appointed Colleen Sullivan to head its newly created cryptocurrency division termed by digital. Aron Landy, Brevan Howard CEO, commended Sullivan’s choice as the best candidate to move the company’s digital asset division in the right direction. The CEO said that “Sullivan’s experience will be highly beneficial…
Findings from analytics firm, Bitnodes, show that Germany is operating more nodes for flagship cryptocurrency, Bitcoin than the US in a surprising outcome. According to Bitnodes, there are exactly 10,780 listening or fully validating nodes. Listening nodes differ from other nodes on the network because they fully participate in distributing transactions across the network for…
If you are a true crypto-enthusiast, then you already know what is cooking between XRP and SEC, as it has been the highlight of the crypto market all these long months. The case has taken all sorts of impressive turns over the months, and it seemed for the most part that Ripple was winning it…
YouGov poll has revealed that 27% of Americans support the idea of adopting Bitcoin as a legal tender. The new poll further revealed that 11% of the Americans voiced more solid support for Bitcoin’s use as a legal tender in the country, while the remaining 16% were indifferent. If adopted, it would mean that businesses…
Bitcoin, in recent times, has been experiencing several developments most of which are often contributions to its growth. However, the recent adoption of the token as a legal tender in El Salvador has generated a level of mixed feelings which has also been reflected in its price. Amidst these uncertainties, however, the popular whistle-blower, Edward…
The Central Bank of Nigeria has released the draft of the guidelines for the operation of its central bank digital currency. The country’s central bank has forwarded the guideline containing the design and operation of the digital naira to the commercial banks in the country. Nigeria Joins Country Planning for CBDC The digital currency named…
Various data indicate that crypto mining firms are settling at their new locations following aggressive action on them by the Chinese authorities in May. Institutions Remain Bullish Glassnode analytics suggest that institutions might be responsible for bitcoin’s current bullish run. “Institutional investors continue to dominate transaction volumes which are impacting BTC’s price action positively,” Glassnode…
China will try a renewable electricity transaction system based on blockchain. The world’s greatest carbon dioxide producer is decarbonizing with the help of blockchain. Officials with Beijing’s highest market competent authorities have granted the go-ahead for blockchain-based renewable electricity transaction trials across China, according to the National Development and Reform Committee’s official site, which made…
IOHK (Input-Output-Hong-Kong), the development organization and a supporting mechanism at the back of Cardano (ADA), made collaboration with EBU (European-Business-University) situated in Luxemburg. The purpose of this partnership is to make several developments in the system of education in emerging countries of Africa related to its equitability, affordability, and accessibility. Cardano’s latest efforts in Africa…
Shortly after the test net and smart protocol launch on Wednesday last week, Cardano launched its first Dapp on Alonzo. This move means that the popular blockchain will integrate into its mainnet on September 12. The hype surrounding the Alonzo launch is one thing that has positively impacted prices of ADA recently. Despite the Dapp…