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Physical money is slowly and surely becoming a thing of the past. It’s hard to say for sure right now if there will ever come a time where it’s gone completely, but it won’t be long before it ceases to be such a widespread payment method.
Even right now, basically everybody has a debit card or a credit card, or both and that’s been something that has slowly become the norm over the last several decades. Even cheques, the original alternative to paper and coins have started to become somewhat obsolete.
Nowadays, things are even going a step further than that. If you’re on this site you’ve probably heard about cryptocurrency, most everyone has, it’s the next major step in the evolution of money and how we spend.
The crypto world has been expanding during recent years and there is
lots of news to follow. This article is dedicated to DeFi Tokens And
Transaction Fees on Ethereum
Ethereum users as well as ETH holders may have a reason to finally celebrate - the median transaction fees within the Ethereum blockchain system have dropped significantly. While it may be a reason for ETH holders to celebrate, DeFi users have a reason to worry.
As you may already know, the median fee on September 2nd was 8.48 USD which is an extremely high price. Today, the median fee for a transaction has dropped to 1.3 USD.
Cryptocurrency has once changed the financial world, and it keeps changing it today. The concept of crypto money is no longer something alien and unusual, it’s a way to gain profit. People keep mining various digital coins, they get together as pools to raise the chances of getting more coins, they invest in digital coins, etc.
But today we have new ways of profiting from cryptocurrency. You don’t even need to buy expensive mining equipment or spend money to invest in currency. All you have to do is to consider the staking option. In this article, you may learn about the concept of staking, what benefits it offers for cryptocurrency holders, and what tokens are the best for staking.
The coronavirus outbreak has changed everything in our world. It wasn’t
expected as much as the crisis in 2008, it almost hit suddenly. With the
whole world trying to survive this terrible illness, the financial
situation is not becoming any better. The recent crash in March that was
called a Black Thursday impacted the crypto world as well.
If the most popular cryptocurrency in the world - Bitcoin was sold at a price higher than 9.000 dollars, after the crash it was sold for a little more than 4.000. It nearly dropped half of its price. Even though it is not the first crash of the cryptocurrency market, it was a sudden one.
After things will get to relative normal, which won’t happen in 2020 in terms of financial situation, some cryptocurrencies will survive the outbreak of coronavirus while others might not recover from it.
Simple users and investors like Bitcoin since it is out of reach of a
standard system. Bitcoin as well as other similar cryptocurrencies are
decentralized assets that are controlled not by one individual or
government etc., it is controlled by all users of a blockchain.
Not to mention that cryptocurrency won’t be devalued like any other currency might be. Since there is only a certain number of bitcoins which means that no one can create more bitcoins, so it won’t drop in value drastically.
These are only some of those reasons why investing in Bitcoin or other cryptocurrencies is preferred by so many people throughout the world. But as for becoming a true rival of a traditional monetary system, do Bitcoin or other cryptocurrencies have this potential? Yes, they do have the potential, but it’s not as simple as people might hope.
Even though Ethereum coins, or as they are commonly called ETH, has a
good claim to become money, stablecoins might become a rival to ETH. It
might be a weird thing to say since the increased popularity of
stablecoins is good for ETH. But some experts claim it might have some
Currently the market of exchanging stablecoins is at its highest and most would think that it is good for ETH since the more people use stablecoins, the more they need ETH. But this is not exactly the full picture. As it is reported, stablecoins market is estimated at 3 billion dollars. And at the same time the transfer of stablecoins needs the Ethereum platform. Meaning, that growth of stablecoins means the grows of using ETH.
But is it good? The truth is that there are advantages and disadvantages of this process.
After the so-called COVID-19 crash in March, most cryptocurrencies are
now recovering from it. As it is known, before the crash in March (Black
Thursday), the price of 1 BTC was higher than 9000 dollars. After the
crash it was 4107 dollars. Due to some circumstances like the outbreak
of coronavirus and oil price wars, all the cryptocurrencies has suffered
from this crash.
But even though the crash has significantly impacted the world of cryptocurrency, it is almost back to normal. If you look at the data provided by BTCBIT.NET, you will see that currently (April 27, 09.36 UTC) the price of 1 BTC is 7720.90 dollars. Even though the market is currently experiencing the lowering of exchange rates, the prices are almost back to normal.
Exchange of cryptocurrency has been one of the most popular ways to
invest money. Bitcoin is one of the most popular cryptocurrencies so
people are more willing to invest in BTC. A lot of people are used to
exchange their real money for Bitcoins on such platforms as BTCBIT.NET
where you also can find information about current BTC market. But now,
the trading volume has reduced due to some current circumstances.
Cryptocurrencies are established on cryptography. This is why developments in cryptography often have wide-reaching impacts on blockchain technology as a whole. This article examines some opinions of industry experts on what the latest advances in cryptography are and what the implication is for cryptocurrencies.