As current payment methods fall behind technological advancements, this new report outlines the argument for why central banks will soon adopt their own, official digital currencies. Is this a practical inevitability, and if so, what current economic issues might it solve? Find out here.
The U.S. dollar has enjoyed status as global reserve currency status for decades, but with growing discontent for the greenback around the world in recent years, some speculate that a cryptocurrency could take over that role. Could it be Bitcoin or Ripple? The arguments that some experts are making aren’t as farfetched as you may think.
Late last week, the price of Bitcoin experienced one of its biggest spikes in recent history, surging by 42% in just 48 hours. Yet even a week later, market watchers are generally mystified as to what prompted the action. Several theories have emerged, and we break them down here. Which of these do you believe should get credit?
Following in the footsteps of the Federal Reserve creating $210 billion out of thin air, Bitcoin edged even closer to its hard cap of 21 million tokens. If you’re not thinking about the implications for both the dollar and Bitcoin, find out here why this is so critical for the long-term prospects of each.
As the crisis in Hong Kong turns from bad to worse, citizens of the Chinese island are finding refuge in Bitcoin, thus highlighting some of the currency’s true benefits. What they are learning firsthand right now can be instructive for anyone.
The winner of the BitIRA U Scholarship for Fall 2019 has been announced. We do have an honorable mention for the contest. Harsha Somisetty, a Computer Science major from Rutgers Business School in New Brunswick, New Jersey, wrote an essay about what the future of cryptocurrency and blockchain will look like in the next 20…
Kelly Loeffler and Jeff Sprecher, founders of the crypto futures platform Bakkt, have confirmed that they’re already looking to expand less than two weeks after the launch of their futures exchange. Although the lauded exchange has been a news item for more than a year, it wasn’t until late last month that the platform finally…
The winner of the BitIRA U Scholarship for October 2019 has been announced. Alexander Lewis, a college freshman from California State Polytechnic University, San Luis Obispo, wrote an essay about what the future of cryptocurrency and blockchain will look like in the next 20 years. Below is the essay that Alexander submitted: In the next 20…
Social and financial downturn has pushed Venezuela’s back against the wall. With sanctions holding back any meaningful progress for its citizens, the country has turned to digital assets as a safe haven, and to strengthen its global buying power.
Ever since cryptocurrency hit the mainstream, many have believed the space was only used by criminals. In order to combat such a perception, a recent bill from Congress is urging the Financial Crimes Enforcement Network to adopt the very technology these criminals are using to fully understand how to defend these threats. Read on to find out why adopting this technology will be beneficial to government entities.