This time, the citizens will be offered a “digital bolivar”. However, in Venezuela, this central bank digital currency will have to withstand fierce competition from the Dash cryptocurrency project. Try not to laugh, but there is once again a monetary reform upcoming in Venezuela with yet another denomination. It has already been announced, and it…

Major fashion house Philipp Plein, based in London, has started accepting 15 different types of cryptocurrency, expecting the biggest impact to be through its online channels over in-store purchases. The company’s founder believes that other leading brands will follow his suit. Switzerland-based Philipp Plein Group in early August announced accepting various cryptocurrencies, including Bitcoin and…

According to a new report from Allied Market Research, the cryptocurrency asset-management market will grow to $9.4 billion by 2030, growing by 30% a year, while it was just $670 million in 2020. By the study, the global crypto asset management market garnered $0.67 billion in 2020 and is expected to garner $9.36 billion by…

Jack Butcher, a creator of Visualize Value, an online courses platform, launched the “Care Package” project, which enables crypto and NFTs to play a new role in charitable giving for Afghani citizens in particular. With the rising conflict throughout Afghanistan, Jack sought out NFTs as a way to help those in need. The United Nations…

A fundamentally new banking system structure may emerge sooner rather than later: the one where fiat and stablecoins, CBDC and “classical” cryptocurrencies are used on equal terms. And DeFi will compete directly and on a level playing field with centralized banking services. To understand how the banking system will change, let’s delve a little deeper…

Fitch Ratings said in a note on Monday that El Salvador’s move to embrace Bitcoin as legal tender poses a serious risk to its local insurance companies. As Fitch said, Salvadoran insurers will be under pressure to quickly convert Bitcoin to dollars to avoid price risk; otherwise, they could face steep losses. In June, Salvadoran…