Nobel laureate in economics Joseph Eugene Stiglitz claimed that “every currency is based on trust, but only a fool would trust Facebook’s Libra.” Nobel prize-winning economist, Joseph Eugene Stiglitz, claims that “every currency is based on trust, but only a fool would trust Facebook’s Libra” in an article published on July 2. Stiglitz also notes […]
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Galaxy Digital founder Mike Novogratz predicts that bitcoin still has a long way higher to go following its current “spectacular rally.” Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that bitcoin (BTC) still has a long way higher to go following its current “spectacular rally.” With BTC price circling the $11,000 at press […]
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Professional crypto contrarian Nouriel Roubini wants the recording of his debate with the CEO of BitMEX released. American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes. In one of several fulminating tweets posted on July 2, Roubini […]
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Argento and LBX say their regulated product is unique in not involving fiat at any stage. Two European companies have launched what they describe as the world’s first genuine bitcoin (BTC) bond, they confirmed in a joint press release on July 3. Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to […]
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Academic researchers at the University of Cambridge have launched a real-time index that tracks the total electricity consumption of the bitcoin network. Academic researchers at the University of Cambridge (UoC) have launched a real-time index that tracks the total electricity consumption of the Bitcoin network. The news was revealed in an announcement posted by the […]
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Crypto may help to solve microtransaction problems, as gamers are becoming disillusioned with industry leaders. The world of gaming has evolved immensely over the past decade, particularly when it comes to online transactions and purchases. For example, a market study conducted by LendEDU last year revealed that, out of a thousand gamers who were found […]
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The largest cryptocurrency rose as high as $11,525 in Wednesday trading, capping daily gains of 20%. Bitcoin (BTC) surprised markets and and the media alike on July 3, jumping over 20% in 24 hours to overcome resistance at $11,000. Market visualization courtesy of Coin360 Data from Coin360 put BTC/USD firmly in the green Wednesday, following […]
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The country’s economy minister confirmed the plans to use crypto in local and international transactions. Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3. In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital […]
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The UN is developing blockchain solutions for development in Afghanistan. The United Nations is working on blockchain solutions for sustainable urban development in Afghanistan, according to a report from tech news site The Sociable, published on July 2. Stephane Dujarric, Spokesperson for the UN Secretary-General reportedly told The Sociable that the United Nations Office of […]
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$515 million in Bitcoin has been spent on illegal activities in 2019, but this only accounts for 1% of total BTC transactions. Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal […]
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