Al Kelly questions the utility of cryptocurrencies even as the payments giant gets involved in the sector. Payments giant Visa (V) intends to continue to build out its crypto platform even as CEO Al Kelly questions the ultimate utility of the sector. “What problem are we trying to solve?” said Kelly, adding his voice to […]
Visa CEO Still Uncertain on Crypto’s Role Read More »
Mainstream designers are debuting NFT collections in the Metaverse this year, demonstrating the future of fashion. The rise of the Metaverse has resulted in an entirely new digital economy, one defined by virtual experiences and interactions. In turn, metaverse ecosystems consisting of avatars are also emerging, allowing individuals to express themselves through digital customizable 3D characters.
NFT fashion hits the runway as designers launch in the Metaverse Read More »
According to several people familiar with the White House’s deliberations, U.S. President Joe Biden is expected to issue an executive order on cryptocurrency this week. The move will mark the first step toward regulating how crypto assets are traded. The action by the White House comes as, in recent weeks, U.S. administration officials have raised
US President Joe Biden to Sign Executive Order on Crypto this Week Read More »
What is the Stock to Flow Model? The stock-to-flow model is applicable to Bitcoin due to the scarce and limited nature of supply. The model is usually applicable to scarce commodities like gold, platinum, etc., and not widely available commodities like oil and copper. The difference being that the former only have limited supply injections
The Bitcoin stock-to-flow model: a beginner’s guide Read More »
Russia’s invasion of Ukraine and the financial reckoning imposed on Moscow in response are proof that the triumphant globalization campaign that began more than 30 years ago has reached a dead end. Fallout from the fighting in Ukraine will take a meaningful bite out of the global economic recovery this year, with the greatest impact
The “Godfather of DeFi” Andre Cronje has announced that he will be quitting the crypto industry for good, leaving 25 apps to an insecure fate. Too much drama Via Twitter, Andre Cronje’s colleague at the Fantom Foundation Anton Nell announced yesterday that he will be leaving the DeFi space alongside Cronje, who deactivated his
Andre Cronje Quits DeFi — 25 Services To Be Shut Down Read More »
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face financial restrictions. Authorities in Thailand Consider Accepting Cryptocurrency From Russian Visitors Talks
Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions Read More »
With the utilization of actual money waning, especially following a time of lockdowns, premium has gone to national bank computerized monetary forms (CBDCs) again. More than 60 national banks have been investigating CDBCs starting around 2014, with a few as of now at the testing stage. Bank of Japan has begun a one-year preliminary of
Why central banks want to get into digital currencies? Read More »
KEY POINTS “It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander Novak said Monday in an address on state television. “The surge in prices would be unpredictable. It would be $300 per barrel if not more.” His comments come with
Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports Read More »
A bill passed in the Virginian Senate allows banks to offer custodial services for bitcoin in either a fiduciary or non-fiduciary capacity once signed into law. The Senate of the Commonwealth of Virginia passes a bill allowing banks to offer custodial services for bitcoin and other cryptocurrencies. Banks will adhere to self-assessment criteria in order
VIRGINIA SENATE PASSES BILL ALLOWING STATE BANKS TO OFFER BITCOIN CUSTODY SERVICES Read More »
