Author Archives: David Drake

Why Cryptocurrency Growth Could Slow Down in the Foreseeable Future

  By David Drake   As with any potentially revolutionary technology, cryptocurrencies have split opinions across board. This was reflected on the world stage during the annual World Economic Forum (WEF) conference held earlier this year in Davos, Switzerland. Critics have held that this asset class is over-valued and lacks the ability to replace fiat currency. During the WEF Conference, […]

From 2017’s Speculative Overbought to 2019’s Oversold: Is there Hope for Crypto Exchanges?

  By David Drake   With the first quarter of 2019 coming to an end, a glimpse of cryptocurrency performance for the period can be termed as lackluster, to say the least. Bitcoin prices have hit their lowest point since August 2017 with a low of $3,441 in January 2019. Cryptocurrency exchanges have not been spared by poor performance during […]

The Real Reason Behind Bitcoin’s Less than $4000 Price

  By David Drake   In November 2018, Bitcoin traded below the $4000 mark for the first time despite optimistic predictions that the market would experience an upsurge by December. Trading at $3600 on December 30, the price of this leading cryptocurrency is remarkably close to the lowest it has ever traded since October, 2017. Market values have improved since […]

Why Philippines Progressive Developments Could Strengthen Asia’s Cryptocurrency Dominance

  By David Drake   Automated Teller Machines (ATMs) are common and vital in today’s financial world. They ease access to funds for users so they don’t have to physically visit bank premises. Similarly, cryptocurrency ATMs are important in the cryptocurrency industry. To foster global adoption to happen, cryptocurrency ATMs need to be installed in urban centers. Already, it is […]

How Private Banks are Demonstrating Interest in Digital Currencies

  By David Drake   The year 2019 seems to have started off with a renewed interest in the cryptocurrency industry among banks. Just weeks after Falcon Private Bank in Switzerland introduced a digital wallet and direct cryptocurrency transfers, another Swiss private Bank, Julius Baer, which is among the largest private banks in the country, has announced it will offer […]

How Will 2-Way ATMs Escalate Growth of Asia’s Crypto Industry?

  By David Drake   The financial industry around the globe has been at the forefront of cryptocurrency adoption. Continued acceptance of digital currencies by financial institutions in different countries is seen to further propel the growth of the crypto industry. One country that is demonstrating positive response to cryptos is the Philippines. This Philippines has welcomed developments in this […]

Why Crypto Exchanges are Experiencing Low Trading Volumes

  By David Drake   The market capitalization of $600 billion that cryptocurrencies began with in 2018 shrunk significantly to $138 billion by the end of the year. Crypto exchanges have subsequently recorded an all-time low in trading volume at the start of 2019. Some of the most prolific exchanges like Binance, OKEx, Gemini, and Coinbase experienced huge drops in […]

How Blockchain Can Make it Easier for the Gaming Industry to Level-Up

  By David Drake   If blockchain was ever going to disrupt any industry, it would be gaming. Populated by technology whiz-kids and millennials, blockchain will only add further appeal to an arena that’s already appreciative of innovation. The entire spectrum of gaming is conducted by online communities. Already, mega-games require the use of digital coins. These are often bought […]

Beyond Ports and Shipping Companies, TradeLens is Now Capturing Government Interest

  By David Drake   The blockchain-backed shipping platform developed by IBM and Maersk, TradeLens, is increasingly becoming a household name in the shipping industry. Just recently, another huge project was added to the platform. According to a financial media in Russia, Kommersant, the country’s Transport Ministry has announced plans to run trials on TradeLens as a shipping solution. TradeLens […]

The Real Reason Cryptocurrency Exchanges are Registering Low Trading Volumes

  By David Drake   The cryptocurrency industry experienced a tough year in 2018 and this seems to be rolling over to 2019. Recently Diar, a crypto and blockchain research-based organization, reported that crypto exchanges trading volumes were at their lowest in January 2019 compared to two years ago. At the same time Binance, the world’s leading crypto exchange, registered […]