Mark Cuban warns: Banks should be scared of DeFi
16 Jun 2021
1,127 Views

Legendary billionaire investor Mark Cuban said on Sunday that the U.S. government and regulators should start getting behind crypto innovations, like decentralized finance (DeFi). In other ways, the U.S. will “lose the next great growth engine that this country needs.” Cuban outlined his mind in the blog post named “The Brilliance of Yield Farming, Liquidity…

Porsche rushes into NFT with crypto-powered trading cards
16 Jun 2021
558 Views

Porsche, the world-known luxury sports car manufacturer, wants to join the digital economy, to remain innovative. Now it’s eyeing NFTs, the latest investor fashion. Startup Fanzone has been launched to issue collectible non-fungible tokens (NFTs). Porsche’s digital subsidiary spun off a new minority-owned company, called Fanzone, issuing non-fungible tokens (NFTs) to collect and trade. While…

Nvidia CEO believes the blockchain and NFT-powered metaverse is just around the corner
16 Jun 2021
599 Views

Nvidia CEO Jensen Huang said he “believes we’re right on the cusp of” the Metaverse and spoke glowingly of its potential, predicting that users will one day use metaverses to “simulate the future,” while Nvidia’s new Voyager campus shows what it will look like when the Metaverse meets the real world. One of the most…

Quantum computers are imminent, but cryptographers are working on crypto agility now
15 Jun 2021
751 Views

In ten years, quantum computers could be able to break into cell phones, emails, bank accounts, and Bitcoin wallets. Cryptography engineers are working on a new standard for quantum-safe encryption for the future. Hundred years ago, the quantum revolution in physics ushered the start of new science, which has made possible modern technological advances, such…

Central banks are looking toward digital currencies (CBDC)
15 Jun 2021
658 Views

The U.S. is starting a national conversation about a central bank digital currency, while more than 60 central banks have been looking into CBDCs since 2014. Several countries worldwide have experimented with digital currencies or already released early versions of CBDCs. Such a turn could make banking and monetary policy more efficient and help the…

Bitcoin jumped above $39,000 after Musk said Tesla might accept it again
15 Jun 2021
605 Views

Bitcoin jumped above $39,000 in the last 24 hours after Elon Musk said Sunday Tesla Inc could accept Bitcoin again in the future. According to Coinbase, Bitcoin’s price surged to $39,095 (9% up) at the start of Sunday trading. Before, Tesla CEO Elon Musk clarified in response to a tweet of Cointelegraph, one of the…