564
Views
0 CommentsFuture and current decentralized projects need to consider utility and ease of accessibility in order for DeFi to survive the unpredictable volatility of the market. It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into…
Blockchain and cryptocurrencies are not only difficult to regulate but are also here to stay, said Varouj Nerguizian, CEO of the UAE-based Bank of Sharjah. However, despite this prediction, the CEO admits that many in the banking sector still do not fully understand this technology. Varouj Nerguizian, the CEO of Bank of Sharjah, has said…
Why this downturn is different from 2018. Michael J. Casey, CoinDesk’s Chief Content Officer, shared his opinion in Money Reimagined, a weekly look at the technological, economic, and social events and trends that are redefining our relationship with money and transforming the global financial system. When token markets plunged in 2018 following the initial coin…
Bank of America analysts said in a report that a central bank digital currency (CBDC) would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. Analysts suggest that the United States is moving toward creating its own CBDC. According to a Bloomberg report, Bank…
The International Monetary Fund (IMF) urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, citing it as a significant obstacle for the nation’s efforts to get a loan from the institution. This follows El Salvador asking the IMF for a $1.3 billion loan last year, but the…
Crypto may not have an economic anchor, but art, diamonds, gold and many other things have value only because other people value them, not from any direct economic use, writes Aaron Brown on Bloomberg. Bitcoin has fallen 50% since November. This is not unusual for the cryptocurrency; it did the same thing from April to…
