Ether (ETH), the world’s second-largest cryptocurrency after Bitcoin in market capitalization, is backed by its blockchain-based software platform, Ethereum. Ethereum, like other cryptocurrencies, can be used to send and receive value internationally without the interference of a third party.
Ethereum was first proposed in 2013 by Vitalik Buterin, a 19-year-old developer who was one of the forerunners of the concept of using the blockchain technology that underpins Bitcoin for something besides transactions. The platform went live in 2015, translating the principle of Ethereum into a real-world network.
Ethereum has been nicknamed the “world computer” by this bold concept and has…
March 01, 2021
Singapore — 26 February 2021 — In partnership with Blucon, an integrated global payment platform, DigiFinex, a world-leading digital assets trading platform, will be issuing the first-ever UnionPay Cryptocurrency Debit Card, available for application from 30 March 2021 onwards. Users will be able to sign up for the card on DigiFinex and enjoy the convenience of spending crypto anywhere in the world.
Thanks to the way they revolutionized the space for gaming and collectibles, NFTs have become widely popular with crypto users and businesses alike. There has been over $100 million invested on NFTs since November 2017.
Non-fungible tokens (NFT) are digital assets that vary from collectible sports cards to virtual real estate to a broad spectrum of exclusive tangible and intangible products.
One of the key advantages of owning a digital collectible over a physical collectible such as a Pokemon card or rare minted coin is that each NFT includes distinctive data that makes it both distinct and readily verifiable from…
February 22, 2021
Feb 18th, 2021
Hello everyone! Welcome to our 13rd episode of DigiFinex AMA. A while before Lunar New Year, DigiFinex has held an AMA live with the CFO of AKT, Cheng Wang, to share with us Akash’s current Mainnet testing progress and what kinds of challenges the token AKT has been facing alongside the construction of the ecosystem. Not only is this an exciting project with diverse products, it’s also the longest AMA live that we have held so far! So scroll down to learn about what Kiana and Cheng discussed!
Akash CFO Cheng Wang has spent nearly a decade…
Traditional banking regulatory authorities worldwide have struggled over the years to regulate the increasing impact of common cryptocurrencies such as bitcoin and ethereum running on a blockchain network.
Thanks to their decentralized and regulation-free existence, cryptocurrencies have gained enormous popularity. They have become a challenge to the present-day conventional banking structure that functions under the supervision and influence of a country’s regulatory body central bank.
Many leading central banks worldwide are working on or considering introducing their implementations of cryptocurrencies, as they cannot monitor the volatility of such cryptocurrencies. …
In decentralized markets, DeFi liquidity pools have arisen as a creative and automated way to address liquidity challenges. They substitute the conventional model of order books used by centralized crypto exchanges, taken straight from the developed stock markets.
A DeFi liquidity pool is a smart contract that locks tokens on a decentralized exchange to guarantee certain tokens’ liquidity. Users that have smart contract tokens are referred to as liquidity providers.
The exchange functions as a market in this model, where buyers and sellers come together and negotiate on commodity values dependent on relative supply and demand. This model, though, relies…
Bitcoin is fading out from the novelty spectra and is proving a real future with Tesla’s recent purchase of $1.5 Billion worth of Bitcoin.
Renowned billionaire and founder of Tesla, Elon Musk went on what seems like a rampage on Doge and altcoins on his Twitter account last week that resulted in a price surge of various cryptocurrencies, including Doge.
Yesterday (08 February 2021), Tesla announced in a Securities and Exchange Commission (SEC) filing that it has purchased $1.5 Billion worth of Bitcoin and intends to render it a payment form for its products. …
08 February, 2021