Cryptocurrency prices have nose-dived sharply since December 2017 when the leading crypto,Bitcoin, hit a high of $19,000. This year however, the bears took over the markets with Bitcoin now trading below the $6,000 psychological support level. Being the largest digital coin by market capitalization, Bitcoin’s status helped it attract lots of investment capital. However, the … Continue reading “Ripple Could Overtake Bitcoin as the Top Cryptocurrency”
Dennis Wafula
Regulators Drafting Cryptocurrency Regulations, Despite Bear Market
Author Dennis WafulaPosted on Categories Cryptocurrency, General, News, RegulationsLeave a comment on Regulators Drafting Cryptocurrency Regulations, Despite Bear MarketFinancial authorities are still trying to find the right legal framework to regulate cryptocurrencies. Different jurisdictions have different laws. All, however, seem to agree on one thing that the crypto space requires: regulations. To create a working framework, governments and financial authorities have spent hours behind closed door trying to figure out the right approach,. … Continue reading “Regulators Drafting Cryptocurrency Regulations, Despite Bear Market”
Cryptocurrency: Understanding the Tax Process applying to Bitcoin
Author Dennis WafulaPosted on Categories Banking, Bitcoin, Cryptocurrency, General, News, RegulationsLeave a comment on Cryptocurrency: Understanding the Tax Process applying to BitcoinTaxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space. Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”
Why the Cryptocurrency Markets have Fallen so Quickly
Author Dennis WafulaPosted on Categories Bitcoin, Cryptocurrency, General, NewsLeave a comment on Why the Cryptocurrency Markets have Fallen so QuicklyAfter prolonged periods of stability and low volatility, cryptocurrency prices have taken a sharp nose dive with leading digital coin Bitcoin slumping below the $6000 mark. Alarmingly, the drop occurred in less than one hour. Most other cryptocurrencies followed suit, with the majority showing red on crypto-analysis charts. Bitcoin dropped by 15%, Ethereum by 17% and … Continue reading “Why the Cryptocurrency Markets have Fallen so Quickly”
Catalysts: What Bearish Cryptocurrency Traders Seem to Forget
Author Dennis WafulaPosted on Categories Altcoin, Cryptocurrency, General, NewsLeave a comment on Catalysts: What Bearish Cryptocurrency Traders Seem to ForgetCryptocurrency traders have obviously underrated the power of bullish news. However, experts expect this to light a fire that will fuel cryptocurrency prices. Fidelity Investments Launch an Institutional Platform for Bitcoin and Ethereum Traders Looking at some of the most recent bullish news, we first see Fidelity Investment’s plans to launch an institutional platform for … Continue reading “Catalysts: What Bearish Cryptocurrency Traders Seem to Forget”
IMF Urges Central Banks to Adopt National Cryptocurrencies
Author Dennis WafulaPosted on Categories Business, Cryptocurrency, General, NewsLeave a comment on IMF Urges Central Banks to Adopt National CryptocurrenciesThe International Monetary Fund (IMF) has urged governments to adopt national cryptocurrencies considering the increasing adoption trend of financial technology. As technological advancements continue, person to person interactions are becoming easier due to the internet. In this age of smart phones, people want fast and less bureaucratic solutions for cross-border transactions. Therefore, the use of … Continue reading “IMF Urges Central Banks to Adopt National Cryptocurrencies”
How Blockchain is Transforming the eCommerce Industry
Author Dennis WafulaPosted on Categories Blockchain, Crypto Technology, General, NewsLeave a comment on How Blockchain is Transforming the eCommerce IndustryNew technologies tend to disrupt existing systems and the blockchain is no exception. This technology is bringing about changes to both small and large market structures. One industry that is experiencing the power of blockchain technology is the eCommerce. The eCommerce industry is currently experiencing a significant turnaround all thanks to blockchain technology. Even before … Continue reading “How Blockchain is Transforming the eCommerce Industry”
Five Top Companies that will Benefit from Blockchain in 2019
Author Dennis WafulaPosted on Categories Blockchain, Business, Crypto Technology, NewsLeave a comment on Five Top Companies that will Benefit from Blockchain in 2019Not only can blockchain technology support the functions of cryptos such as Ripple, Bitcoin and Ethereum, it will also revolutionize marketplaces and how data is stored and disseminated. For this reason, companies across industries such as financials, technology as well as healthcare are exploring blockchain technology. This will improve fraud prevention security, faster transactions and … Continue reading “Five Top Companies that will Benefit from Blockchain in 2019”
Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud
Author Dennis WafulaPosted on Categories Blockchain, Crypto Technology, Cryptocurrency, News, ScamLeave a comment on Holiday Shopping 2018: Blockchain Technology Preventing Brand FraudExperts expect online transactions to rise exponentially with the holiday season looming. And so will the fraud attempts of criminals aiming to separate shopper prematurely from their hard earned cash. The Solution With online transactions on the increase, it is a challenge for retailers to differentiate between fraudulent and legitimate activities. Businesses need a discerning … Continue reading “Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud”
Cryptocurrency: A Clear Winner in the 2018 Midterm Elections
Author Dennis WafulaPosted on Categories Altcoin, Bitcoin, Cryptocurrency, NewsLeave a comment on Cryptocurrency: A Clear Winner in the 2018 Midterm ElectionsElection Day volatility is finally behind us. We don’t have to hear about blue waves or red waves, or tsunamis any more. The Democrats won the House. The Republicans still control the Senate. And whether or not the results don’t sit well with you, the good news is that it’s finally over. No more late-night … Continue reading “Cryptocurrency: A Clear Winner in the 2018 Midterm Elections”
