Crypto asset manager Travis Kling has likened Bitcoin to insurance against U.S. monetary policy and hurricanes. Travis Kling, the chief investment officer of crypto investment firm Ikigai Asset Management, has described Bitcoin (BTC) as insurance against both hurricanes and U.S. fiscal policy. On March 20, Kling tweeted that an oncoming hurricane that will soon hit […]
Continue ReadingThe U.S. SEC halts alleged ongoing crypto scam Meta 1 Coin, which promised up to 224,923% and is backed by a former state senator. The United States Securities and Exchange Commission (SEC) has frozen the assets of Meta 1 Coin, an alleged crypto scam backed by a former state senator that promised investors returns of […]
Continue ReadingSwitzerland-based crypto exchange Smart Valor listed major gold-backed stablecoin PAX Gold for trading against the Swiss franc and the British pound. While global stock markets are experiencing extreme turmoil, cryptocurrency projects keep introducing more ways to trade gold-backed assets twenty-four hours a day. PAX Gold (PAXG), a major cryptocurrency pegged to physical gold, has now […]
Continue ReadingBitcoin sees $7,150 for a fleeting moment before climbing down to the mid-$6,000s, but traditional markets remain in deep trouble. Bitcoin (BTC) was gearing up to crack $7,000 on March 20 as the cryptocurrency’s miraculous turnaround produced almost 90% weekly gains. Cryptocurrency market daily overview. Source: Coin360 Data from Coin360 and Cointelegraph Markets showed BTC/USD […]
Continue ReadingDoes Bitcoin have no intrinsic value? Blockchain experts and government officials seem to disagree vastly on the issue. In early March, the Bank of England’s governor-designate, Andrew Bailey, said that Bitcoin has no intrinsic value. He controversially stated that any investor that holds Bitcoin should be prepared to lose all of the money. Bailey said, […]
Continue ReadingA U.S. financial services firm will tokenize up to $20 million worth of bourbon produced by Kentucky-based Wilderness Trail Distillery. United States-based Wave Financial Group will manage the tokenization of up to $20 million worth of bourbon whiskey produced by Kentucky-based Wilderness Trail Distillery. Wave told Cointelegraph in an email sent on March 18 that […]
Continue ReadingThai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers […]
Continue Reading
The Atari Group will conduct a token sale in March and launch a cryptocurrency casino. Legendary video game company the Atari Group will conduct an initial coin offering aimed at launching a cryptocurrency casino. Atari was founded in 1972 in Sunnyvale, California, though ownership has changed hands several times since then. The company currently belongs […]
Continue Reading
BitMEX Research suggests that the issuance of the CBDC will lead to inflation as cash will be banned. A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy. Money supply In the modern […]
Continue Reading
The MakerDAO governance has added the stablecoin USDC as its third collateral type in an attempt to improve liquidity and Dai price stability. The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post on March 17. The decision was put […]
Continue Reading