Are you paying attention on Altcoins or does your knowledge on cryptocurrency ends at Bitcoin?

When talking about cryptocurrency, the knowledge of most people ends at Bitcoin. After all, BTC is the main digital asset that receives regular mainstream media coverage. If you’ve followed the crypto market over the past months, you’ve likely noticed the following: a majority of the best-performing altcoins are based on decentralized finance (DeFi). But if you don’t have the time to follow...

According to analytics, the benchmark crypto and the S&P 500 have been seeing a heightened correlation in recent times

Bitcoin appear to have been forming a close correlation to the stock market over the past few months. This correlation has grown incredibly strong in recent weeks, and it does appear that crypto investors are taking their cues from the traditional markets – likely with the assumption that BTC will closely trail the equity market’s movements. Data backs this notion,...

China wants to track all citizens’ transactions and financial activities with the digital yuan

In 2020 alone, capital outflows from China via bank transfers and other channels exceeded $30 billion in the January-March period. While the question of capital flight being controlled by issuing a digital yuan is debatable, one thing’s evident, China is not looking to embrace the decentralized ethos of cryptocurrencies any time soon. China’s digital currency aspirations are both unprecedented and...