These days, it seems non-fungible tokens (NFTs) are making headlines everywhere, from crypto forums and news sites to even the most traditional news sites. Indeed, in recent months NFTs have achieved what even Bitcoin has struggled to do in 12 years: they have managed to bridge the world of cryptocurrency and traditional finance. Today, we are seeing names as big as Visa making forays into the NFT space and, as their popularity continues to explode, can it be that NFTs will pave the way to mainstream adoption of digital assets?
It is perhaps surprising that a relatively new and somewhat…
Recent weeks have seen the price of blockchain Solana’s native currency — SOL — skyrocket. From just over $67 on Wednesday, August 25, SOL has shot up to its current price of $145 (as of September 6), marking more than a 100% rise in just 12 days.
From April to August 2021, the token’s price had hovered around the $30 mark, so the current price represents a nearly five-fold increase in value. This has taken the market capitalization of Solana to $42.1 billion, making it the world’s seventh-largest cryptocurrency by market cap, surpassing even Dogecoin.
So what’s behind this astronomical…
Earlier this year, Tesla CEO Elon Musk decided to withdraw his support for Bitcoin on environmental grounds due to the amount of electricity needed to mine the digital asset. On May 12, the CEO tweeted that Tesla would no longer be accepting payment in Bitcoin on climate risk concerns, sending the world’s largest digital currency tumbling.
Of course, this speaks volumes about how much sway Elon Musk has on digital assets, but it also highlights an important trend: the growing influence of environmental considerations on investment decisions. In the world of traditional finance, investment funds that take into account environmental…
IMPORTANT NOTICE: This article does not constitute financial advice and is for informational purposes only. Investors should be sure to consult a professional advisor before making any investment decisions.
After a huge market downturn that saw the price of Bitcoin more than halve from its all-time high of $64,804 on April 14 to trade below $30,000 on July 21, we have now seen the digital currency recover a large portion of its losses. On August 23, the price of one Bitcoin shot up again to just over $50,000. …
Non-fungible tokens (NFTs) are still a relatively new kid on the block in the world of digital assets, but their popularity has sky-rocketed. In recent months, while the rest of the cryptocurrency market was brought to its knees, NFTs enjoyed a surge of demand beyond anyone’s wildest dreams, recording $2.5 billion in sales in the six months to July 30, 2021.
NFTs are units of data stored on a digital ledger which certify a digital asset to be unique and not interchangeable. This allows NFTs to represent one-of-a-kind digital items such as digital art, including photos and videos, and even…
In recent weeks we have witnessed an unprecedented debate over the $1 trillion infrastructure bill in the US which has divided lawmakers and roiled the cryptocurrency community. In a nutshell, the US government is looking to tap into the huge trading volumes in the digital asset space by introducing new tax reporting requirements for cryptocurrency brokers which would seek to identify billions of dollars in potential taxable revenue to cover President Biden’s ambitious spending plans on new roads, bridges, and broadband.
Some in the crypto community have hit back against the proposal, saying the Senate is trying to kill crypto…
This week will see the long-anticipated introduction of a major upgrade to the Ethereum network dubbed the “London hard fork”. Expected to launch on Aug 4 between 13:00 UTC and 17:00 UTC, with block 12,965,000, the upgrade will see five Ethereum Improvement Proposals (EIPs) implemented.
Arguably the most controversial of those is EIP 1559, which has split market opinion amid threats of an Ether miner revolt. Marking a radical change to how transaction fees are set, EIP 1559 could see miners lose up to 35% of their normal fees, according to CoinDesk research, so it is no wonder a mutiny…
Cryptocurrency is, arguably, still in its infancy compared with some of its more established peers in traditional finance. In fact, for many in the traditional space, cryptocurrency remains little more than an interesting tech project that does not qualify for inclusion under the term “finance.”
Living on the fringes of finance has had its advantages, though. Since the founding of the first-ever cryptocurrency, Bitcoin, in 2009 crypto has existed outside of the regulatory framework that governs traditional finance. …
YIELD App is thrilled to announce our partnership with leading blockchain e-commerce gateway Shopping.io, in a move that will allow holders of our native YLD token to shop with major global online retailers using their tokens.
YLD holders can now spend their tokens on Shopping.io’s e-commerce platform, which enables users to make Amazon (US, UK, CA, DE, FR, IT and ES), eBay, Walmart, and Etsy purchases using their crypto. Through Shopping.io, YLD holders will be able to use their tokens to purchase everyday items including electronics, books, gifts, and more — all with YLD.
In addition, YLD holders will enjoy…
In the last market bull run, it was perhaps not surprising to see a lot of crypto action in East Asian countries like China, Japan, and Korea. These were among some of the biggest early adopters of cryptocurrency, and despite numerous government interventions over the years, interest in all things crypto remains strong in these leading Asian nations.
However, nestled among this regional activity we also noticed increasing crypto adoption in a relatively small and often overlooked island: Taiwan. …
