We are at a turning point in history. The coming months will show how institutional investors will react in the medium term to the countless rescue packages in the wake of the coronavirus crisis. One thing is certain: States and central banks have been hard-pressed for solutions. Moreover, it looks like their efforts have been exhausted already at the start. Should investors end up losing faith in the measures taken, the consequences would be far more dramatic than a short-term stock market crash. No one can foresee today what our future monetary system will look like, but the history of …
Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds from the elite Silicon Valley-based Venture Capital firm Andreessen Horowitz. 2020 has been a difficult year for the crypto DeFi sector — it’s been going through the wringer. Over the weekend, the dForce ecosystem protocol Lendf.me lost 99.95% of its funds from a hacking exploit. Just days later, the hacker leaked information about his identity that resulted in him returning most of the stolen funds. This news comes following DeFi’s greatest test on March 12, when …
Once a niche enthusiasm with the launch of Bitcoin (BTC), digital money powered by blockchain technology has matured rapidly in just a few short years. The market is now highly diverse. For example, audited stablecoins, along with fixed use digital cash projects introduced by Wells Fargo and JP Morgan last year, stand in stark contrast to cryptocurrencies that fluctuate as much as 10% a day. The ultimate sign of graduation from the margins into the mainstream, however, is perhaps the way that central banks are now embracing the technology. Central bank digital currencies are now in active pilot programs by …
A few years ago, blockchain technology gained significant traction and was regarded as a truly revolutionary tool for any industry, providing opportunities to significantly update the way of doing business in many areas. As a result, numerous illicit actors didn’t neglect to use the opportunity to capitalize on hype and use the situation for personal enrichment. Only after an insane amount of marketing money was poured into this area and hundreds of scam projects had deceived millions of people, the potential of possible use cases started to reach solid venture capital funds and institutional investors. Realizing the true value of …
Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a new financial ecosystem. The underlying technology, blockchain, can indeed be considered one of the most significant technological advancements of the 21st century, as it provided the groundwork to establish a new kind of money: digital currency. However, after a few years of overhyped crypto market mayhem, countless fraudulent projects and questionable vectors of development, it became evident: global acceptance could not be achieved yet. The industry lacked something vital. Reality had proved …
The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night. We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked down the state. We watched again as New York …
Cardano will become the most decentralized cryptocurrency in the world, 50 to 100 times more decentralized than Bitcoin once all its upgrades are implemented. At least that’s the word according to Cardano co-founder and CEO of IOHK Charles Hoskinson, who caught up with Cointelegraph at CV Summit, a day-long crypto event running alongside the 50th edition of the World Economic Forum in Davos, Switzerland. Speaking with Cointelegraph’s Kristina Cornèr, Hoskinson said he believes the hard fork, consisting of an implementation of the Ouroboros Bizantine Fault-Tolerant Consensus Protocol, will be seamless and easy. Following the hard fork, the protocol will undergo …
Ray Dalio, multi-billionaire and founder of investment firm Bridgewater Associates, said investors should not miss out on traditional markets, CNBC reported on Jan. 21. Dalio warned from holding Bitcoin, saying that it’s neither a medium of exchange nor a store of value. Dalio was interviewed at the World Economic Forum in Davos, Switzerland, where he advised investors to hold a global and diversified portfolio in this market, while increasing their stake in stock markets. While Dalio acknowledged recession concerns, he argued that “cash is trash” due to the government’s ability to print it at will — something he believes they …
In the summer of 2019, the 10-year minus 3-month yield curve inverted for the first time in 13 years. During the time of the inversion, Bitcoin’s price hit all-time highs for the year. The previous inversion in 2006 was followed shortly thereafter by the global economic crisis of 2008. On Jan. 3rd 2020, United States President Donald Trump ordered the killing of Iranian general Qassem Soleimani by drone strike. The Iranian government retaliated on Jan. 8th by launching missiles at two American bases in Iraq located near Baghdad. Throughout the Iran-U.S. conflict, Bitcoin’s price spiked upward by 21%, from just …
For those who are tired of playing the central banker’s fiat currency game of Monopoly, the benefits of Bitcoin easily outweigh the negatives. Currency is far from all that Bitcoin can do, and is just the first application, but creating sound global currency anyone can use is one hell of an app! Here are fifteen reasons why the future of money is changing due to the technological innovations of Bitcoin. The First Global Peer-to-Peer Monetary System Thought you needed a government to have money? That is so 20th century! Bitcoin is the money of The People, for The People, by …