Visa has announced the launch of Crypto advisory and consulting services to its clients. This move chiefly aims to help clients of the global payments company begin to make the shift from card payments to blockchain technology.
Author: Brian Mwenda
Brian Mwenda
Brian Mwenda is a content writer and journalist covering blockchain, cryptocurrencies, Web3, and emerging technology. His work focuses on crypto market developments, blockchain innovation, industry trends, and the evolving role of decentralized technologies in the global digital economy.
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The Ethereum network will receive an upgrade effective this December 9th. Named the Arrow Glacier, this upgrade pushes back the ‘difficulty bomb’ which would have potentially seen the slow down or entire closure of ETH mining on the platform.
1. BTC is behaving exactly as it should. After hitting an all-time high of $68,521 just one month ago on 5th November 2021, BTC has been on a decline since even losing 20% of its value since the ATH at some point. In its decade-long history, Bitcoin has crashed more than 80% on 3 different occasions since 2012. The current 20% decline, therefore, pales in comparison to what the cryptocurrency has gone through in the past.
An ongoing Bitcoin Price crash continued over the weekend, with the crypto falling to a 2-month low of $42,000, last seen in October. Ethereum, Cardano, Dogecoin, Solana are amongst other cryptocurrencies seeing similar losses.
Owing to the fact that the cryptocurrency markets are subject to only the forces of market supply and demand, they remain rather volatile. Supply and demand can swing within hours, causing sudden changes in the prices of cryptocurrencies. In such a volatile ecosystem, almost zero financial institutions can exist and operate.
The Flippening is the (so far) hypothetical point at which the market capitalization of Ethereum exceeds that of Bitcoin. At that point, ETH would be deemed the most valuable cryptocurrency, surpassing BTC, which has held the fort for upwards of a decade.
After a failed project to launch a native cryptocurrency, Facebook, now known as Meta, on Wednesday announced that it would allow crypto ads on its network. David Marcus, head of the downsized Facebook crypto project, announced that he would leave the company at the close of the year.
Payments processing company Square has rebranded to Block, in an apparent acknowledgment of blockchain technology. In what appears to be a coordinated industry move, this happens only a few weeks after Facebook rebranded to Meta. This shift signifies the social media giant’s renewed focus on the metaverse and Web3 worlds.
Simply put, yield farming is lending Crypto to earn interest, an investment strategy where Crypto-investors lend out their Crypto holdings with the view to earning interest and fees. Some investors have drawn parallels between yield farming and holding high-yield unsecured bonds or high-yield dividend stocks.
A new DeFi token, Omicron (OMIC) has received a large boost, on the back of a new COVID-19 Variant going by the same name. This follows an announcement by the World Health Organization (WHO) of the new COVID-19 Omicron Variant, thought to be more virulent and capable of spreading throughout the whole world.
