President Joe Biden issued an order on Monday, effectively blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, citing its proximity as a national security risk. The order mandates the divestment of property currently operated as a crypto mining facility near the Francis E. Warren Air Force Base. MineOne … Read more
Investments in digital assets have witnessed a staggering $12 billion of net inflows year-to-date, according to a research report released by JPMorgan Chase & Co. (JPM) on Wednesday. The report suggests that if this pace of inflows continues, the figure could soar to a remarkable $26 billion by the end of the year. Leading the … Read more
Jeremy Allaire is the CEO of stablecoin issuer Circle. He says that stablecoins could be 10% of “global economic money”. This could happen in the next decade or more. This may seem like a bold claim. Allaire pointed to several factors that could trigger a big jump in stablecoin use. It could happen over the … Read more
In a display of resilience and strength, Bitcoin (BTC) rebounded in early trading on Monday, inching past the $69,900 mark after Friday’s five percent dip and a weekend of sideways trading above $69,000. This recovery comes amidst significant macroeconomic events and a continued influx of capital into spot Bitcoin ETFs. Macro Factors and Market Sentiment … Read more
The cryptocurrency space could be on the verge of a massive influx of capital from the $20 trillion financial advisory industry in the United States, once regulators clear up the lingering legal uncertainties, according to Matt Hougan, chief investment officer at crypto asset manager Bitwise. In a post published on June 4, Hougan asserted that … Read more
Are you intrigued by the possibilities of cryptocurrency but frustrated by its limitations? Scaling solutions might just be the answer you’ve been looking for. In this article, we’ll explore what scaling solutions are, why they’re necessary, and how they’re revolutionizing the world of blockchain technology. Contents1 What are Scaling Solutions?2 Why are Scaling Solutions Necessary?3 … Read more
Imagine a world where agreements are not just written on paper but are embedded in lines of code, where transactions occur automatically once conditions are met, and where trust is no longer a prerequisite for doing business. Welcome to the world of smart contracts. In this article, we’ll delve into what smart contracts are, how … Read more
The cryptocurrency market is a dynamic and ever-evolving space, influenced by various factors ranging from technological advancements to global economic trends. Understanding the market requires a deep dive into its underlying dynamics, including supply and demand dynamics, regulatory developments, investor sentiment, and technological innovations. In this article, we’ll explore the cryptocurrency market from various angles … Read more
Cryptocurrency adoption has been a topic of increasing interest and debate in recent years. As digital currencies like Bitcoin and Ethereum continue to gain mainstream attention, many are left wondering what factors are driving this adoption and what the future holds for the world of finance. In this article, we will explore the phenomenon of … Read more
Central Bank Digital Currencies (CBDCs) are digital forms of a country’s fiat currency, issued and regulated by its central bank. Unlike cryptocurrencies such as Bitcoin or Ethereum, CBDCs are centralized and controlled by the government or central authority. They are designed to function as digital versions of physical cash, providing a secure and efficient means … Read more