Bitcoin Price Action in October: A Probabilistic Overview

October has traditionally been a pivotal moment for Bitcoin’s price action. Historical data shows an enticing average price increase of 17% for the month (excluding the early, volatile years of Bitcoin). In pre-halving years, this average price fluctuation is slightly higher, around 21%. If the same price change occurs in 2023, Bitcoin could reach somewhere between $32,000 and $33,000 in October. But will this month follow the historical trend, or is a bearish turn still possible? October Over Time October has been particularly bullish for Bitcoin, with an average of…

History, objectives and an overview of the global alliance

BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy.  BRICS is an informal alliance that strives to foster collaboration and communication among its member nations rather than a formal organization or alliance with a legally binding contract. Here’s an overview of the history, objectives and key aspects of the BRICS alliance: History of BRICS O’Neill published…

An overview of fake product detection using blockchain technology

Digital identities can help in fake product detection by providing a unique and verifiable identity to each product, making it easier to track its movements through the supply chain and verify its authenticity, thereby preventing the circulation of fake products. In the modern era of e-commerce, the problem of fake products is prevalent, and it poses significant risks to both consumers and manufacturers. However, digital identities can play a crucial role in detecting and preventing fake products from entering the market. Digital identities provide a secure and reliable means to…

An overview of peer-to-peer ridesharing using blockchain

Ridesharing applications like Arcade City, DAV Network, Ridecoin, and Jolocom are a few examples of platforms using peer-to-peer ridesharing technology. They demonstrate the potential of blockchain technology to revolutionize the ridesharing industry and create a more efficient, transparent and secure platform for riders and drivers. Arcade City Arcade City is a decentralized ridesharing platform that uses blockchain technology to connect riders and drivers. The platform enables payments between passengers and drivers via smart contracts and offers post-ride customer ratings. DAV Network Using this blockchain-based platform, anyone may create and manage…

An overview of the metaverse in 2022

Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone — according to a McKinsey report — the industry is anything but broken. Some of the most significant partnerships to date were sealed throughout 2022, with even a few unexpected institutions — JP Morgan, for instance — embracing the Web3 revolution despite their proverbial distaste for the decentralization concept. Here’s what you need to know…

Indonesia’s cryptocurrency community in 2022: An overview

Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021. It’s getting to the point where crypto is becoming more popular than traditional stock. Vice Minister of Trade Jerry Sambuaga stated that more than 11 million Indonesians bought or sold crypto in 2021. In comparison, according to the Indonesian Central Securities Depository, the total…

An overview of the blockchain development lifecycle

This process is a proven and tested method for blockchain developers in the industry.  Organizing the process in this manner yields the most efficient and ideal outcomes. The blockchain application development process comprises eight steps, detailed below.  The eight steps in the blockchain development lifecycle: Define the problem to be resolved with blockchain application  The first step of this process involves identifying a problem that a blockchain can resolve successfully. It can be both costly and unnecessary to use a blockchain when it is not required. Therefore, it’s critical to…

CRYPTOCURRENCY Mining: Late na ba Para Subukan Ngayong 2021?

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An Overview About Privacy Coins in 2021: What’s Ahead?

Maybe some people still believe it, but Bitcoin isn’t really anonymous. Indeed, isn’t anonymous at all: all the transactions in this currency are recorded in a public —and widely-available-online— ledger. Tracking the funds and the parties behind them isn’t that hard, and that’s why privacy coins were created. The privacy coins are cryptocurrencies with in-design functionalities for higher privacy. Some of them are private by default, while others let the users decide if they want to activate the functionality or not. Some known privacy coins so far are Monero (XMR),…