Author: Samantha Mitchell

Sam Mitchell is a Freelance Writer & Fitness Instructor from South Africa, living in Australia. She comes to the team with extensive writing and Social Media experience, covering a wide variety of genres from blog posts, book reviews, Whitepapers, blogs and guides to news pieces...and more. Sam has been Freelancing for over 17 years, working with many different clients. You can get in touch with Sam at www.stmwritingsolutions.com

The 2022 Crypto winter is still in full swing despite the Crypto market capitalization level holding at $1.2 trillion in the last few days. The Fear and Greed Index still shows a level of 12. This rank indicates that investor sentiments are low. On the other hand, all is not lost in the Crypto market. According to Nikolaos Panigirtzoglou, a strategist at JPMorgan, the BTC is undervalued, and its correct value is $38,000. Compared to the current price of $29,675, this shows that Bitcoin has the potential to surge by 25% in the short term. Bitcoin is An Alternative Investment…

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In a tweet to the Crypto community, Terra announced that it is developing Terra 2.0, marking a complete departure from the beleaguered Terra 1.0 platform. It is important to note that the UST and LUNA’s designers made them concurrently, and they had incorporated an algorithmic mechanism between the two digital assets to ensure that the UST maintains an outstanding $1 value by balancing the supply and demand of the two tokens. The revamped platform will have the Luna as its native token, which is intended to give the Crypto a new lease of life after investors frantically dumped it following…

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A section of financial experts and economists are concerned that Crypto bears could adversely affect the financial system. Despite data showing that this could not be further from the truth, the European Central Bank (ECB) has conducted a study to unravel the impact of Crypto assets in financial systems. The EU premiere bank believes that Crypto assets are risky, and a bear market could shake up the financial system. Its study, however, contradicts this conclusion since the results prove that the Crypto bears that started in November 2021 have had an insignificant effect on the financial system despite the market…

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GameStop Corp has launched a Crypto wallet for gamers. The new wallet is expected to revolutionize the gaming industry and offer users a chance to pay for gaming merchandise, video games, and other consumer electronics with Crypto. The solution will cater to the growing Crypto community by giving them payment and withdrawal options on the gaming platform. The Grapevine, TX-based company is the largest retailer for Xbox, Nintendo, and PlayStation consoles and their accessories. The retailer also offers a trade-in destination for gaming systems and accessories. The Digital Wallet Offers Autonomy The GameStop wallet will be supported on Decentralized Apps…

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Tether USDT withdrawals have hit a landmark $10 billion in one month as the Crypto market hits a new high of sale bids. The oversold market is not only leading to downward pressures in the Crypto market but also slowing down the recoveries whenever the investor confidence levels in the market hike. However, the USDT, the premium Stablecoin, is still stable, with its price quoted as $0.9989 as the week kicks off. It is imperative to note that when hodlers redeem their USDT by selling them, Tether acquires the tokens and burns them. This model of operation reduces the circulating…

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In the wake of the Terra Luna UST crash, Tether is rethinking its financial management policy, and it is gradually divesting from commercial papers to back the Tether Stablecoins (USDT). A commercial paper is a source of finance that credit-worthy firms issue to shore up their working capital when faced with liquidity risks. It is an unsecured promissory note that can be exposed to risks of non-payment, such as other types of debt financing. Divesting From Risky Assets Guarantees Long-Term Stability In a press release, Tether confirmed reducing its commercial paper assets by 17%, from $19.9 billion to $24.2 billion.…

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90% of the 2,747 Luna Blockchain community voters do not support the Luna Blockchain fork. This rejection stops Do Kwon’s proposal that seeks to split the Luna Blockchain platform. Although the voting is preliminary and meant to gauge the general sentiments on the platform, experts believe that the community members are unlikely to budge when the actual voting starts on May 18th. The voting took place on Terra’s research and governance forum, where members share ideas, sentiments, and opinions that shape governance policies that govern the platform.  The Terra UST Crash Brings into Focus the Stability of Algorithmic Stablecoins The…

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The Crypto market capitalization has plunged from $3.1 trillion to the current $1.28 trillion. This raises some concerns about whether Cryptos are an existential risk to the financial and economic system. However, when NBC News went on a fact-finding mission, experts allayed the fears. They confirmed that the Crypto bearish cycle would not negatively impact the financial and macro-economic system.   Institutional Investors Have Limited Exposure According to one expert, Joshua Gans, an economist at the University of Toronto, institutional investors have limited exposure to digital assets. One ideal example is Tesla which owns $1.261 billion worth of digital assets out of…

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According to Her Majesty’s Treasury representative, the Financial Services and Markets Bill proposes recognizing Stablecoins as payment. Speaking to the Telegraph, a leading newspaper in the UK, the spokesperson revealed that the new bill seeks to legislate the regulation of Stablecoins to integrate them into the financial system. The financial bill is a culmination of a 12-months study of Stablecoins that has been underway in the UK. According to proponents of the study, Fiat-backed Stablecoins have the potential to transform the financial system as they offer a futuristic payment option. The study also examined the risk of custody services and…

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Chile’s apex bank, Banco Central de Chile (BCC), has extended its timeline for developing a framework for rolling out its Central Bank Digital Currency (CBDC). As the program was being rolled out in September 2021, the BCC announced that it would wind up the project in early 2022. Following the timeline extension, the bank is now poised to finalize the CBDC project by year-end. The BCC Aims to Increase Financial Inclusion in the Country By issuing the digital Peso, the BCC is positive that they will be able to cushion Chileans from investing in the volatile Cryptocurrencies. Like tech or…

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