The rapid development of the blockchain industry has led to the emergence of numerous blockchain projects. This gave rise to a new, previously non-existent problem: communication between different blockchains. Most projects exist independently, with separate blockchains that aren’t connected in any way. That makes information transfer from one blockchain to another really difficult. Today, we’re going to study Polkadot, a project created precisely to solve this problem. In this article, we’ll explore what Polkadot is, conduct a technical analysis of the project’s token and try to predict Polkadot’s future.

What is Polkadot (DOT)?

In simple terms, Polkadot is a project on its own blockchain…

Cryptocurrencies and the decentralised finance (DeFi) market are posing a threat to the banking sector, something the chief executives of the largest banks can’t stop talking about. However, while some industry members are giving the new products a cool reception, others are developing novel products to attract new clients.

Back in 2018, long before the DeFi boom, J.P. Morgan understood that, with time, banks would have to lower their service fees, or cryptocurrencies would oust them from the market. Two years later, Bank of America recognised DeFi as more damaging to their business than Bitcoin. …

At the end of June, China banned cryptocurrency mining in the Sichuan province, which accounted for 15% of the world’s hashrate. The rise in repression led to the shutdown of the biggest mining pools, while Bitcoin’s hashing power has been reduced by over half from May’s highs. The drop-off in the hashing power has caused the Bitcoin block time to increase to 23 minutes. The system’s self-regulation suggests that a new block should be added within 10 minutes. On 3 July, the mining difficulty was readjusted after having fallen by a record 27%.

Cryptocurrencies and the decentralised finance (DeFi) market are posing a threat to the banking sector, something the chief executives of the largest banks can’t stop talking about. However, while some industry members are giving the new products a cool reception, others are developing novel products to attract new clients.

Back in 2018, long before the DeFi boom, J.P. Morgan understood that, with time, banks would have to lower their service fees, or cryptocurrencies would oust them from the market. Two years later, Bank of America recognised DeFi as more damaging to their business than Bitcoin. …

The past week was up and down, with cryptocurrencies trading in various directions. Several crypto assets saw a correction after previous upward movement. However, some altcoins managed to trade upward.

The best performers are:

⦁ Terra (LUNAUSDT) + 40.40%

⦁ Synthetix Network Token (SNXUSDT) + 22.60%

⦁ Enjin Coin (ENJUSDT) + 21.75%.

The news scene had some ups and downs.

China’s central bank once again pressured cryptocurrencies by declaring Bitcoin and stablecoins to be speculative instruments that could undermine the stability of the financial system.

More negative news came from the Spanish bank Santander’s British division, which decided to block payments to the Binance…

Hello and welcome, everyone. It’s Martin here at CryptoGains. So we have a number of interesting developments to discuss today, so let’s dive straight in.

You can watch the full videoon the StormGain webpage.

Ethereum balances on exchanges see a historic drop, which lowers the risk of a major sell-off, according to data from Santiment. This is significant because it means that when people withdraw the money away from exchanges, they’re not anticipating entering into transactions anytime soon. And typically, we have the reverse — money moving to exchanges — when people are about to sell. …

The Cryptocurrency market is quite new and there are many people who know nothing about it. Except traders. Most of them added cryptocurrency to their portfolio at the very beginning. Why? They noticed another possibility to earn money.

So, how many people trade crypto and get piles of money every day?

Some words about crypto

As you know, the first digital asset, Bitcoin, was founded in 2009. Then, different projects gave the world more and more alternatives, like Ethereum, Litecoin, Ripple, Bitcoin Cash and others. According to Coinmarketcap, there are more than 2,000 cryptocurrencies. Active traders are spoiled for choice.

However, less active or…

At the start of 2021, Jerome Powell said that the regulation for stablecoins was more important than the issuance of the Fed’s own digital currency, generally known as a Central Bank Digital Currency or CBDC. Now, the president of the Federal Reserve Bank of Boston, Eric Rosengren, has called Tether a “challenge” for financial stability.