Over the past few years, I have heard about various countries across the world planning to use cryptocurrencies to circumvent economic sanctions. In most cases, it remained just an idea or turned into a farce, like with Venezuela and its Petro token. However, now we are seeing an entire country trying to salvage its economy…
Stable cryptocoins pegged to fiat currencies have long been justly criticized “on both sides” – both by adherents of “traditional” crypto and devout opponents of cryptocurrencies. But the rapid changes to the economic reality have turned stablecoins into the most highly sought-after financial tool. The amount of USDT issued on the TRON network has recently…
While the world’s largest economies are gearing up for the CBDC race we recently wrote about, smaller countries are looking to integrate “traditional” cryptocurrencies into their financial systems. The alternative, they realise, is quickly losing their fiscal independence in the new economic reality. Australia went its own way: ANZ – one of the country’s “big…
While the world’s largest economies are gearing up for the CBDC race we recently wrote about, smaller countries are looking to integrate “traditional” cryptocurrencies into their financial systems. The alternative, they realise, is quickly losing their fiscal independence in the new economic reality. According to experts of the world’s largest investment company BlackRock, we are…
The rapid transformation of global finance resulting from the war in Eastern Europe will spur the development of central bank digital currencies – CBDC – in the months to come. We have already written several times about how the war has drastically accelerated the mass adoption of cryptocurrencies. But no state wants to lose control…
Before our very eyes, cryptocurrencies are reverting to their original role. What has at one point turned into an investment and speculative tool is going back to its roots – crypto as a means of payment. It’s damn nice to watch your predictions come true. And in addition, it is fascinating to see exactly how…