The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs. On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets. In the letter, […]
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Low-yielding dollar savings accounts aren’t cutting it for Americans anymore. A Bloomberg article claims that Americans are foregoing the safety of the dollar for more speculative assets like stocks, gold, and Bitcoin (BTC). High saving rates, low yields Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. […]
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Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale. Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements […]
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While a 51% attack on Bitcoin will cost a billion dollars, Dash developers say an attacker needs more than money to attack the Dash network. Dash recently claimed it had been the world’s safest cryptocurrency for a year due to its innovative technology called ChainLocks that allegedly makes a 51% attack nearly impossible. Fully implemented […]
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Enjoying a stronger negative correlation with the U.S. dollar than gold, Bitcoin may start to present a more attractive alternative to both in the eyes of the investors. Since Black Thursday, Bitcoin (BTC) has become a better hedge against the U.S. dollar than gold. At the same time, its correlation with the S&P 500 Index […]
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Digital payment platforms add more cryptocurrency features for U.S. customers, but will big banks take the lead? The cryptocurrency market has come a long way in a seemingly short amount of time. Digital payment platforms have particularly taken note of the crypto market’s impressive growth, which is evident, as many have adopted new features and […]
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Industry observers say unchecked yield chasing may have negative consequences on the fledgling DeFi market. Three years on from the initial coin offering mania of 2017, decentralized finance is the new hype. Spurred on by the promise of high annual gains, traders appear to be sowing heavily in crypto’s latest yield-generating arena that is DeFi. […]
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In a global economy becoming more and more digitized, blockchain-based tokenization could become a powerful and even perfect tool. Platform business models have become all but the de facto business model for the digital economy. This dependence means that unsustainable practices of platform business models impact the overall sustainability of the digital economy. Regarding the […]
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Binance CEO shed some light on how to judge the success of a project’s token economics. Top cryptocurrency exchange Binance’s CEO revealed his thoughts on token economics to explain how finance in the emerging new crypto industry works. According to Binance’s blog post on July 18, Changpeng “CZ” Zhao pointed out that it makes more […]
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Speaking to Cointelegraph, entrepreneur and blockchain gaming executive Yat Siu described NFTs as driving a property rights revolution that will redefine the gaming industry. Prominent online entrepreneur and the founder of blockchain-focused gaming firm Anomica Brands, Yat Siu, has likened the impact of cryptographic non-fungible tokens (NFTs) to the advancement of property rights in early-modern […]
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