Day: November 8, 2020

Why Growing Legitimacy Will Help to Sustain The Next Bitcoin Bull Run

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Bitcoin’s incredible performance over the past four weeks sees it reach just shy of $16k. While the market has since regrouped for a breather, the show of strength from the number one cryptocurrency has many wondering if we are on the cusp of a major bull run. Source: BTCUSDT on TradingView.com The last time this happened, coming on to three years ago, it caught most by surprise. In just 33 days, Bitcoin jumped from $5.5k to $20k. That alone was primarily responsible for changing the narrative surrounding Bitcoin as “magical…

DeFi won’t last long without unlocking Bitcoin’s $250B treasure chest

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Decentralized finance is a fairly new, nuanced concept for mainstream audiences. At its core, DeFi promises a revamped global financial system equipped with savings, loans and inventive yield-earning opportunities that enable innovative financial products without centralized gatekeepers. Since Jan. 1, this promise has been met with a demand that has exceeded $11 billion in total value locked, representing a more than 1,550% increase in year-to-date value. DeFi applications require the on-chain logic of smart contracts. Today, a lot of experimentation and early traction for DeFi applications is happening in the…

Thank God Donald Trump Lost, The World is Relieved

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There’s much you can say about Donald Trump. As an alien, I just briefly lived in Seattle as an exchange student in 2007; I am not an American. My country looks at the USA as our closest ally. We love American culture, we listen to American music, watch American movies and series, and enjoy American food. We are more than normal interested in what’s going on in the USA, and we get daily news updates from America. We have awarded multiple American Presidents the Nobel Peace Prize, lastly Barack Obama.…

The Terminators: A Short Story | David Vorick

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My first memory comes from the year 1999. People told me I was going to change the world. I don’t think people realized at the time how much of a child I was. A lot of time, money and faith was put into my abilities. I was told to deliver pet supplies, manage groceries, handle rewards programs and do about a thousand other things that felt completely out of reach. I couldn’t live up to the expectations, and in 2001 I collapsed. A lot of people were upset with me,…

Nigeria Expects to Generate a Revenue Stream of $6 Billion Through Blockchain Technology by 2030

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Nigeria’s National Information Technology Development Agency (NITDA) mandated with spearheading the nation’s digital economy policy says that Blockchain technology can help the country generate revenue of between $6 and $10 billion in the next ten years.  Emerging technologies are enhancing global economic growth Speaking during a stakeholders’ engagement for the review of the National Blockchain Adoption Strategy Framework, Kashifu Inuwa, NITDA director-general, noted that emerging technologies like blockchain were pivotal in boosting the growth of global economies. Therefore, Nigeria would not be left out of this bandwagon.  Inuwa cited a…

Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney

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In early September of this year, the market capitalization of Bitcoin (BTC) was hovering at around $190 billion when the BTC price was hovering around $10,000. In the past two months, however, the price of Bitcoin rose from to over $15,000. With it, the market cap of Bitcoin surged from $190 billion to around $280 billion. This now makes Bitcoin more valuable than most major U.S. companies. The weekly price chart of Bitcoin. Source: TradingView.com Bitcoin is equivalent to the 18th largest commercial company in the U.S. If Bitcoin’s valuation…

Real estate markets look to blockchain as COVID-19 pressures industry

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A number of industries are being negatively impacted by the COVID-19 pandemic, including the United States housing market, which is valued at $33.6 trillion. Recent findings from Zillow, an American online real-estate database company, show that despite low mortgage rates, the coronavirus has slowed down the U.S. housing market considerably.  In addition, the number of seriously delinquent mortgages — those which are 90 days past due — has doubled from May to June, hitting its highest level in more than five years. In an attempt to revitalize the housing market, some…

What’s for Bitcoin and Crypto Ecosystem

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The fate of blockchain, DeFi and crypto will only thrive if Biden appoints blockchain and crypto-centric professionals to head key positions that can impact the regulatory space needed for growth. The Associated Press (AP) pronounced former Vice President and Democratic Presidential nominee Joe Biden as the 46th President-Elect of the United States on Saturday, November 7, 2020. The long-awaited result which came four days after the general elections held on Wednesday, November 3 was keenly contested and Biden’s victory was secured after flipping the votes in Pennsylvania with 20 electoral…

The cryptocurrency sector is overflowing with dead projects

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In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea. Decentralized financial system, decentralized torrent tracker, decentralized office documentation system. Decentralized, decentralized, decentralized. The overuse of terms like “transparent,” “distributed” and “blockchain-based” soon made most press papers look generic. The closer we got to the peak of the Bitcoin price at the end of 2017, the more absurd the names of new projects became: “Ethereum-based payment system for slaughterhouse industry workers,”…