Jack Dorsey, CEO of Twitter and Square, is campaigning for government to use Cash App and other payment platforms to distribute U.S. stimulus package. The founder and CEO of Square Inc, Jack Dorsey, believes that his company’s crypto-friendly payments application Cash App can distribute America’s stimulus package more efficiently than the U.S. government. On March […]
Continue ReadingClimate change caused by carbon emissions might be one reason for such a terrible global COVID-19 pandemic scenario. JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report […]
Continue ReadingDue to significantly increasing numbers of mobile users worldwide, Ethereum should focus on mobile applications to adjust to reality. We live in an increasingly mobile world where I can order a vehicle driven by a complete stranger to take me anywhere, I can get food delivered in minutes, and I can conduct almost all my […]
Continue ReadingFor beginners wanting to learn more about decentralized finance, CoinGecko’s ‘How to Defi’ provides an accessible entry point. Decentralized Finance (DeFi) is certainly the buzz-phrase in the cryptocurrency world right now. But although we are hearing more and more about the potential of this technological breakthrough to revolutionize the world of traditional finance, many are […]
Continue ReadingMalta’s financial watchdog issued a public warning on two crypto exchanges that claim to have license to operate. The Malta Financial Services Authority, or MFSA, has issued an alert on March 25 about two crypto exchanges that do not have licenses to operate, nor are they regulated in the country. COINMALEX and Crypto Foxtrades are […]
Continue Reading
What weaknesses did the Black Thursday and high market volatility reveal for the decentralized finance industry? On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration the day before that the outbreak was now a pandemic, sparked panic across global markets. Investors […]
Continue Reading
South Korea’s KB Kookmin Bank applies to trademark KBDAC (KB Digital Asset Custody) in over twenty crypto-related business areas. Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a […]
Continue Reading
Brazil’s banking chief argues that crypto is a failure as a currency — but in neighbouring Venezuela it has already ‘changed the destiny of an entire country’. The President of the Brazilian Banking Federation, Murilo Portugal, has argued that cryptocurrencies are not really currencies at all. Portugal was speaking in a debate about the ‘Impact […]
Continue Reading
Trader and YouTuber Tone Vays said the U.S. Fed’s new digital dollar is nothing different than the current system. Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve. “There is nothing technologically new here, whatsoever,” […]
Continue Reading
Mt. Gox court cases see no end as creditors continue to wait for their funds, but could another event like Mt. Gox take place given the current market volatility? Mt. Gox’s creditors will meet today, March 25, as part of a compensation process that seems to go on and on. This news comes at a […]
Continue Reading