China plans an early trial of the new field of central bank digital currencies (CBDCs). It will give foreigners their first real chance to make payments using electronic renminbi issued by the People’s Bank of China. However, bankers may feel threatened, as CBDCs could significantly diminish the role of traditional lenders. New forms of digital…
Ethereum is surging steeply last few days. Many investors are betting on the world’s second-largest cryptocurrency by market cap after its new upgrade with the codename “London” took place. This update should change the fee structure of each transaction, making those fees less volatile while reducing the amount of ETH in circulation. Another major transformation…
Since the 2013 takedown of Silk Road, a dark web marketplace trading in illegal goods, where Bitcoin was often used for payment, the U.S. government regularly holds auctions for its stockpile of Bitcoin, Ethereum, Litecoin, and other cryptocurrencies it seizes and holds. CNBC’s interviews with federal agents and prosecutors suggest the U.S. has no plans…
The cryptocurrency market has continued a notable rise, surging $700 billion over the past 21 days, with the total market capitalization breaking $1.9 trillion. Crypto markets have maintained a bullish trend in early August, surging or 58% over three weeks and nearing $2 trillion in market capitalization. According to data of CoinGecko, the total crypto…
Summary Bitcoin has come under regulatory scrutiny in the last few months. I see this as an incredibly bullish sign, showing that Bitcoin is becoming a legitimate financial asset. Regulation will ultimately help increase adoption, which is good news if you own Bitcoin. Since its inception, and especially in the last 6 months, Bitcoin (BTC-USD)…
Meet Youssof Altoukhi, a very young entrepreneur who has launched his own coin ‘Y Coin,’ intending to set a template on how to democratize decision-making when launching a project or token. Grew up in London, Youssof, in his 16, has had a surprising various entrepreneur practice. His first move into business involved selling products to…