Cardano was intended as a complete cryptocurrency, capable of performing the functions of fiat currencies, overcome the challenges that confront the global payment system and even those that other digital currencies have encountered. More than just a cryptocurrency, Cardano was designed to serve as a technology platform that lets users run every-day financial applications used by governments, individuals, and companies around the world.
Coinbase, the most popular bitcoin exchange in the United States has banned the Wikileaks Shop account from using its services. The ban was issued due to an alleged breach of the platform’s terms of service although no specifics were given. In response, Wikileaks has called for a global blockade of Coinbase citing the non-specificity of the allegations and the suspected involvement of U.S. government interference. According to Greg Barns, a part of the Julian Assange legal team, the move symbolizes an attempt to block free speech. Barns also went on to say that the situation with Coinbase is symptomatic of the opposition that Wikileaks faces in the mainstream financial scene.
The cryptocurrency currency industry has seen a rapid increase in growth. This growth in the deployment of various projects shows significant competition in the cryptocurrency space.
As each quarter progresses we will see the separation of wheat from the chaff. It is crucial to understand what sort of coins and tokens bring value to the industry and why they matter.
To understand the value, one must delve into the nuances, the history and the difference in ideology and technology of the project. Then, one must watch the project and see how it progresses.
Investors have to see if the project is meeting goals, deadlines and focusing on crucial tasks like creating an ecosystem and catering to real-world problems.
The same holds true for even established cryptocurrencies, that in one way or another, were left behind by stern competition.
An interesting cryptocurrency is the Stellar network and its native cryptocurrency, Lumens (XLM).
Bitcoin appears to be recovering from its massive price slump with back-to-back weekly price gains for the first time in 2018. The number one cryptocurrency had previously fallen from almost $20,000 in December 2018 to below $6,000 at the start of February 2018. Now, bitcoin appears to be on the march towards breaking the $10,000 milestone. The following are some of the reasons for the bitcoin price increase.
The blockchain industry is growing at an exponential rate, mainly due to the security, transparency, and global access that the technology brings to the table.
Due to these benefits, while many use cases have been put forth for this sought after technology, its most apparent and primary utilization seems to relate to peer-to-peer transactions that make global payments easier than before.
However, it would not be incorrect to state that the current payment-based platforms leave a lot to be desired. The nuances relating to the sector also make it clear that there is a need for an effective solution for this segment.
Leading the way in anticipating clients’ blockchain needs, Amazon Web Services has joined companies like IBM and Oracle who already offer blockchain templates for user application and launched a new blockchain template package. Anticipating the massive impact blockchain will have on business, Amazon last week launched Blockchain Templates, ready-made blockchain solutions for the enterprises.
Ethfinex is an exciting new decentralized exchange that focuses on Ethereum based ERC-20 tokens. It’s ultimate goal is to be the hub for the extended Ethereum community, providing not only trading, but also communications and the ability for Ethereum developers, traders and enthusiasts to come together for discussions and crowdsourcing needs. It’s a sister site to Bitfinex, and as such it shares similar objectives. It is also designed for intermediate and advanced trades, so this should be kept in mind when opening an Ethfinex trading account.
Binance and OKEx, two of the largest cryptocurrency exchange platforms have announced that they will be moving to Malta. The former will be establishing its headquarters while the latter is planning to expand its operations to the tiny Mediterranean Island. The Binance and OKEx announcements came in quick succession to each other signalling that perhaps Malta could become the new global crypto hub.
Just as Bitcoin is the original cryptocurrency, the Trezor is the original hardware wallet for storing your Bitcoins. The Trezor pioneered the hardware storage space for cryptocurrencies, and long enjoyed a large advantage over competitors in terms of security and features. While some competitors are arguably catching up to the Trezor, it is still one of the top choices for those who need a hardware storage solution for their Bitcoins and other alt-coins.
The South Korean Bitcoin premium appears to have returned, signalling that the gains of the last two weeks might indeed be a crypto recovery phase. The price of Bitcoin on Bithumb, the largest cryptocurrency exchange platform in South Korea is $9,016.96 which currently constitutes a premium of 1.1 percent.
The emergence of the South Korean Bitcoin price premium most likely indicates an increase in local demand for Bitcoin in the country. This is means that investor confidence has increased and more money is being put into the market.