For years, Russians have turned to cryptocurrency as a way to cushion themselves against the volatile fluctuations of the ruble and the country’s overall economic instability. A recent study found that Russians own more wealth in cryptocurrency than they do in gold or mutual funds, with 6% of Russians adopting cryptocurrency as of 2023. Perhaps interpreting this as a…
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In a sign of growing adoption, workers around the world are opting to be paid in cryptocurrency rather than exclusively in fiat currency. Interest in opting into crypto salaries is surging as the public becomes more familiar with cryptocurrency and more wary of volatile fiat currencies in the throes of inflation. It’s happening faster in…
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The cryptocurrency market came alive this past week following a series of applications to the Securities and Exchange Commission (SEC) for new crypto on-ramps. While none of them have been approved yet, the interest from investors of all sizes drove the market to its highest rate of growth since July 2022. The excitement began on…
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Tether promised $1 in the bank for every USDT minted, and we have records to back up the claim. Today, we ask, does it matter? And if so, why don’t we ask the same question of Tether’s peg, the U.S. dollar?
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It’s been a week and a half since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance followed by a second suit against Coinbase a day later, and the cryptocurrency world is very much abuzz. While the two lawsuits came close together, the charges, and the operations of the companies, are very different –…
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The U.S. took a major step backward from being a safe harbor for cryptocurrency and cryptocurrency trading platforms this week with the SEC launching two major lawsuits against Coinbase and Binance. The lawsuits attack the trading companies for their operations despite their ongoing efforts to establish legitimacy and comply with the SEC’s unclear demands. While…
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With the EU and countries around the world going full steam ahead on drafting and establishing regulations for the cryptocurrency market, it appears that the US Congress may finally be ready to discuss what many of us feel is the future of currency. Doing so will contribute much-needed stability to crypto trading and encourage investors of all…
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Everyone knows Bitcoin is the big dog when it comes to cryptocurrency. A single Bitcoin today is worth over $25,000, which is a sizable increase from its 2010 high of 40 cents. This gives Bitcoin a market cap of over $500 billion, which is about twice as much as Ethereum, currently the #2 cryptocurrency. Perhaps…
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It seems like anywhere you look these days you’ll find articles declaring the doom of the American dollar. Of course, we’re not exactly facing an apocalypse as some clickbait titles may lead you to believe,but there is no doubt the heyday of the American dollar is coming to a close. The big news is the…
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Even though Bitcoin is almost 15 years old, a lot of people still think of cryptocurrency as the wild west, and can you blame them? There has been very little movement from governments around the world to make sense of this new technology. Of course, this could be due to the slow moving nature of bureaucracy,…
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