For the past few years, Venezuela has been at the epicenter of corruption. With the value of the local currency inflating to astronomical levels, the people of Venezuela have been desperately trying to find a way to make ends meet. Amongst all the dismay, a savior has risen to attempt to bring back peace to the once flourishing nation. Find out more here.
For years, crypto advocates have predicted that tokens would one day replace fiat currencies. That potential future is now reality, as a tiny island nation in the Pacific has announced bold plans to use a new stablecoin as their primary form of currency. Find out why they’re making that move here.
The launch of crypto lending by Binance this week is big news on its own. But as the world’s largest crypto exchange joins the ranks of many private firms that already offer such a service, we wonder, is a larger movement afoot? At some point in the future, once crypto is firmly entrenched in mainstream finance, could crypto lending even take on government bonds as a primary form of investing?
The market has had to wait 8 months longer than originally anticipated, but beginning in September, Bakkt will be launching with physically-backed Bitcoin futures. While there are already other cryptocurrency futures and derivatives on the market, what makes this so significant for the market is the nature in which contracts will be settled. Learn more here.
Image by Marco Verch / CC BY 2.0 Crypto trading has been a lucrative source of income for some, but do you know that it can cause tax liabilities as well? In order to ensure that you get to pay as little tax as possible, you need to plan ahead and prepare. Otherwise, you might…
As various economies around the world have been thrust into tumult in the last week, the asset known for its volatility appears to be adopting a new role as a safe haven. As Bitcoin’s evolution continues, could this open the door to greater acceptance and adoption among the general public around the globe? Read more here.
As Bitcoin begins another ascent in price, seemingly no two analysts can agree on why it’s surging. Is it China? The upcoming Brexit? Could it even be Walmart? Here, we lay out the most prominent of rationales and ask: What do you think?
In proposing to restrict large transactions with its currency, the nation’s treasury department is following the lead of many other nations around the world. Yet the move highlights one big thing that’s wrong with fiat currency, and one big thing about crypto that gives it a significant advantage.
Try try try as hard as it might, China is facing an uphill battle in suppressing use of Bitcoin and other crypto by its citizens. In fact, there’s an odd way that their efforts could backfire and send crypto soaring further. Find out how here.
The International Monetary Fund (IMF) has released a new report which suggests that cash could be replaced by digital currencies, including e-money and stablecoins, observes Coindesk. The paper, aptly dubbed “The Rise of Digital Money“, reiterated the idea of various analysts who noted that banks may find themselves competing with tech companies who are making…