Yesterday’s post discussed Bitcoin’s large energy consumption, and while it is important to be aware of the digital currency’s environmental implications, it is equally important to look at the flipside of the coin – the efforts undertaken by the bitcoin…
As the world’s first cryptocurrency, Bitcoin was designed to enable instantaneous, borderless transactions without the high fees or foreign exchange barriers that denote today’s financial system. Since Bitcoin’s inception in 2009, a multitude of other cryptocurrencies have sprung up, and…
According to a Coindesk article, Société Générale (SocGen) – the third largest bank in France – has taken a massive step towards the integration of Traditional Finance (TradFi) and Decentralized Finance (DeFi). In an application submitted to MakerDao – an Ethereum-based…
According to a recent Chainalysis report, Central, Northern and Western Europe (CNWE) has turned into the world’s biggest cryptocurrency economy. The region received more than $1 trillion in cryptocurrency transaction volume, which amounts to 25% of global activity. While CNWE’s…
According to research done by PYMNTS and BitPay, 18% of the US population – that’s as much as 46 million customers – would be likely to make everyday retail payments using cryptocurrencies. However, few brick-and-mortar establishments currently accept Crypto payment.…
In a statement made on September 29th, the Swiss Financial Market Supervisory Authority, FINMA, announced that it has approved the first Crypto Assets fund. According to an article in the Business Times, the fund will invest mainly in assets based…
The Royal Monetary Authority of Bhutan (RAM) is partnering with Ripple to launch a pilot Central Bank Digital Currency (CBDC). According to an article in Cointelegraph, Ripple’s solution would allow the country’s central bank to issue and manage a digital…
The Fantom Foundation has announced that it will be partnering with OJSC Orienbank – one of Tajikistan’s largest banks – to build and trial the E-SOM, the digitized version of the Tajikistani Somoni. Fantom is a highly scalable, high-performance and…
European Hedge Fund Brevan Howard, has further expanded into the crypto business. According to a Reuters article, the hedge fund has launched a new unit, BH Digital, to manage digital assets and cryptocurrencies. The company also announced the onboarding of…
According to an article in the Gulf News, the United Arab Emirates have recently taken a momentous step forward in supporting the region’s digital asset adoption; The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA)…