The professional Brazilian soccer players – Gustavo Scarpa, Mayke Rocha de Oliveira, and Willian Bigode – have reportedly lost over $5 million due to investing in an alleged fraudulent cryptocurrency firm called Xland. The company said it did not run a pyramid scheme and promised to reimburse the victims. Athletes Have Fallen Victims Scarpa –...Read More
The “Vietnam Crypto Market Report 2022” revealed that 16.6 million Vietnamese own digital currencies, with bitcoin being the most popular asset. Another research conducted by Chainalysis placed the Asian country as the world’s cryptocurrency adoption leader, with a score of 1.000. Close to the Top The study, reported by a local media outlet, estimated that 16.6...Read More
Cryptocurrencies have become a popular investment choice, outpacing traditional stocks and assets. Still, with a seemingly endless array of available variants, it can take time to determine which ones are worth investing in. However, among the many alternatives, Cronos, Tezos, and DigiToads stand out as innovative and promising projects with solid potential. This article will...Read More
A recent study conducted by the analytics company Juniper Research estimated that payments via central bank digital currencies (CBDCs) could reach $213 billion by 2030. The firm believes governments across the globe will use the product to boost financial inclusion and improve the monetary condition of emerging economies. A Possible Boom of CBDC Transactions Juniper...Read More
The crypto space has witnessed a rise in the popularity of meme coins, with Floki and Shiba Inu emerging top of the pack. Their rise is credited to their funny, relatable dog-themed images and the support of the community. Meanwhile, a new trend revolutionizing the crypto space in 2023 is unfolding. Avorak AI is pioneering...Read More
Silicon Valley Bank (SVB) was the backbone of many startups and venture capital funds around the world. Its collapse signifies the biggest banking failure since the 2008 financial crisis. While the crypto market has largely been spared from an adverse effect, the same cannot be said for the non-fungible token (NFT) space. According to the...Read More
El Salvador’s government has launched another initiative repping its support for Bitcoin adoption and development of the broader network.This time, it’s a Bitcoin/ lightning developer training program funded by VC firm Fulgur and stablecoin issuer Tether. As announced by El Salvador’s Bitcoin Office on Wednesday, the “CUBO+” program is an advanced Bitcoin engineering program that...Read More
Chapter 18 of the book Reckless: The Story Of Cryptocurrency Interest Rates is published below. The full book is available on Amazon. The book was written before the bankruptcy of FTX and therefore does not include coverage of this event. However, the book does provide useful commentary in the run up to the failure of FTX, which...Read More
A recent study by economists has revealed a chilling reality: 186 US banks are facing a potentially devastating risk due to issues similar to those that caused the collapse of Silicon Valley Bank. With interest rates on the rise, many banks are finding their assets diminished and their futures uncertain. Asset Books and Market Value...Read More
Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access. The CEO noted in his latest annual letter to investors that BlackRock is currently exploring the digital asset industry and would continue to...Read More
MakerDAO, a decentralized autonomous organization that issues the DAI stablecoin, has voted in favor of allocating more funds to its current US Treasury investments. The increase in investments in government treasury bonds aims to diversify DAI’s stablecoin liquid backing through exposure to real-world assets (RWAs). MakerDAO Votes to Increase Debt Ceiling by $750 Million The...Read More
