Featured: A Dive into the Whitepaper of Facebook’s Cryptocurrency Libra

Featured: A Dive into the Whitepaper of Facebook’s Cryptocurrency Libra

Just recently, Facebook released the whitepaper of its new cryptocurrency Libra. The whitepaper is long but not as long as many other blockchain projects. We read the document line by line to find out what Facebook and the Libra Association (the non-profit behind the Libra cryptocurrency) are planning for the world. In June, the Libra stablecoin has made its way to mainstream media; the sole reason for this is that it has the well-known company…

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Featured: The Full Story of Bitfinex & Tether

Featured: The Full Story of Bitfinex & Tether

News of the Bitfinex and Tether scandal has been dominating crypto news in 2019, but what is the full story? If you’re struggling to answer this question, it probably has something to do with what Bitfinex is being accused of in court: lack of transparency. We’ll attempt to clear some of the confusion here and tell you who the companies are, and the timeline of events leading to the latest updates. iFinex, Bitfinex, and Tether…

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Featured: The US-China Trade War and Bitcoin’s Price Spike

Featured: The US-China Trade War and Bitcoin’s Price Spike

There is a theory circulating in the cryptocurrency industry that the escalation of the US-China trade war has caused the Bitcoin price to spike. For instance, the theory was put forward by DigitalX CEO Leigh Travers who believes the spike may be caused by Chinese wealth being pumped into Bitcoin as a ‘safe haven’ due to the current financial insecurity issues between the countries. The US-China trade war has been escalating recently with tensions rising….

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Featured: The Current State of Government-Issued Cryptocurrencies

Featured: The Current State of Government-Issued Cryptocurrencies

Since its inception in 2008, cryptocurrency has risen to fame all around the world. There are countries, governments, and individuals who have less favorable opinions on cryptocurrency, and there are those who are excited about the prospect of a new world ran on digital assets. No matter where the opinion lies, it’s clear that cryptocurrency has made a significant impact on the world and has shaped locals and global economies. As cryptocurrency has become more…

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Featured: The Legal Minefield of Stablecoins

Featured: The Legal Minefield of Stablecoins

Stablecoins are a relatively new form of cryptocurrency and are often regarded as a solution to the instability of other cryptocurrencies such as Bitcoin. Stablecoins such as Tether, TrueUSD, Basis, and Saga are backed by fiat currency like the dollar, euro, and others. Stabelcoins have their critics, but they were essentially born to solve some of the problems faced by cryptocurrencies – stability and usability are the major issues that stablecoins attempt to solve. Even…

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Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

Featured: JPMorgan Isn’t Flip-Flopping on Crypto Because JPM Coin Isn’t a Cryptocurrency

In February 2019, JPMorgan Chase became the first US bank to roll out a bank-backed cryptocurrency with the aim of transforming business payments. JPMorgan has a bizarre and confusing relationship with cryptocurrency. After learning that they have launched their own crypto coin (JPM Coin), you could assume that they are enthusiasts of cryptocurrency; however, that hasn’t always been the case. In 2015, JPMorgan CEO Jamie Dimon responded to a question about the potential for a…

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Featured: Big Banks and Cryptocurrencies – Asking Turkeys to Vote for Christmas?

Featured: Big Banks and Cryptocurrencies – Asking Turkeys to Vote for Christmas?

We are now a decade on from the creation of Bitcoin and much has changed in the world of crypto. Since Bitcoin’s creation, new cryptocurrencies have been popping up all the time, claiming to offer something new that other cryptocurrencies can’t offer. As of mid-August 2018, there were 1,600 cryptocurrencies available over the internet and the number continues to grow. Crypto innovation is booming. With this surge of crypto innovation, digital assets have been pushed…

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Featured: Where to Use Bitcoin in the Real World

Featured: Where to Use Bitcoin in the Real World

You probably hear a lot about Bitcoin, maybe you own some or know people who own the world’s most popular cryptocurrency, but what can you do with it? For some people, cryptocurrency is treated like stocks. You exchange your money for a crypto coin and cash out when it rockets in value. For others, cryptocurrency represents something entirely different: a new digital age for finance. There is almost no way to trade or exchange value,…

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Featured: Is Crypto Mining Worth It?

Featured: Is Crypto Mining Worth It?

According to Digiconomist, Bitcoin’s current estimated annual electricity consumption is 48.01 terawatt hours (TWh), which is more than the country of Singapore at 47.18 TWh. To put this more into perspective, in 2016 the tech giant Google used 6.5 TWh. The amount of energy expended for Bitcoin and cryptocurrency mining has been rising each year leading many to be concerned about the environmental cost of creating digital coins. In November last year, The Guardian newspaper…

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Featured: Further Decentralizing Democracy with Blockchain for Voting

Featured: Further Decentralizing Democracy with Blockchain for Voting

As blockchain technology moves into new spaces, politics is the space where it is heavily speculated to make a difference, but is blockchain the answer? Election tampering is a huge concern across the world. Election fraud and election tampering directly undermine the foundation of democracy. The vast majority of us want to live in a society where we get to contribute to the laws that govern us and to get a say in the people…

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