Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see…
While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday,…
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that focuses…
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a…
While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33% harder to mine since December 11. Bitcoin Hashrate Taps 194…
To this day, Satoshi Nakamoto is one of Bitcoin’s biggest mysteries as people have searched far and wide to uncover the creator’s identity. 11 years ago, on December 12, 2010, the pseudonymous blockchain programmer (or programmers) left a final message to the crypto community stressing that “there’s more work to do on [denial-of-service] DoS.” Satoshi…
