Monero: The Last Stand for Freedom

Monero: The Last Stand For Freedom

Monero: The Last Stand for Freedom Privacy currency Monero has been rallying recently, reaching a two year high of  $134.34 on October 13. It is the 15th largest digital coin by market capitalization at the time of writing. Let’s take a look at why we say Monero: The Last Stand For Freedom. The rally was seen in other privacy coins as well such as Zcash and Zcoin and comes in the wake of international demand for strong encryption. A recent joint statement by the US, UK, Australia, Canada, New Zealand,…

Best Performing Cryptos 1H 2020

Best Performing Cryptocurrencies

Best Performing Cryptos The first half of 2020 saw the explosion of DeFi as users saw the potential of decentralized platforms for performing traditional financial transactions such as lending and borrowing, trading and holding assets in several forms while generating returns either through yield, trading fees, staking, interest or dividends. Let us take a look at the best performing cryptos of 1H 2020. Despite the market crash in March, several altcoins have rallied on the strength of the DeFi promise. While Bitcoin also rallied, the show clearly belonged to DeFi…

Is DeFi for Real?

Is Defi For Real?

What Is DeFi And What Is It Used For? Decentralized Finance or DeFi has several use cases today, but the technological and regulatory frameworks needed to mainstream it are yet to evolve. DeFi is a novel way of approaching financial transactions that removes the need for custodial and third party agencies between any two users in a transaction. Traditional banks and financiers are no longer needed for financial dealings in DeFi, allowing it to offer more choices for secure transfers to a wider customer base. Users can choose from several dApps…

Digital Banking Becomes A Reality

Digital Banking Becomes A Reality

Kraken Financial is the first crypto currency exchange to get approval to provide digital banking services as Digital Banking Becomes A Reality. Tentatively called Kraken Financial, the new bank will be able to make conversions between digital and fiat currencies for customers without the intervention of a third party. Kraken exchange, which allows users to buy, sell, and trade digital currencies, has so far depended on external portals for conversions between fiat and crypto currencies. With the new charter, the exchange will now be able to help customers bring the…