Stablecoins (tokens such as USDT, USDC, BUSD, DAI, UST, PAX and others whose value is unchanged at $1.00) have become the backbone of the cryptocurrency ecosystem. They play a key role in the functioning of cryptocurrency trading and decentralised finance (DeFi). Their market capitalisation has quadrupled since the beginning of 2021 and now stands at more than $125 billion. However.
Former RBI deputy governor sees cryptocurrencies as a taxable asset or commodity. A former deputy governor of the Reserve Bank of India (RBI) has spoken on the country's financial and crypto ecosystem and said that digital assets need to be accepted. Speaking at the inaugural HODL '21 virtual conference organised by the Blockchain and Crypto Assets Council (BACC) on 7 September, Rama Subramaniam Gandhip said,...
El Salvador is the first country in the world to recognise bitcoin as legal tender. Despite opposition from local groups, the government believes the cryptocurrency will be a net positive for the economy and society. Salvadoran President Nayib Bukele confirmed on Monday that his government had bought its first 200 bitcoin (BTC) ahead of Tuesday's introduction of a new law to make the cryptocurrency legal tender. "Our brokers will be buying ...
As reported by Bitcoin Treasuries, as many as 1,660,473 BitCoin (BTC) are on the balance sheets of companies and corporations. This is approximately 8% of all Bitcoin that may ever be in circulation. If we take the current number of BTCs that are currently in circulation, it is safe to say that as much as 10% of all Bitcoin is in the hands of companies. The largest holder of Bitcoin among companies is.
The Alibaba service has launched a new marketplace where trademark owners can sell NFTs representing licences to their copyrights. Chinese multinational e-commerce company Alibaba Group Holding has launched a new marketplace for non-exchangeable tokens (NFTs), which allows trademark owners to sell stokenised licences to their intellectual property. The new NFT marketplace, dubbed 'Blockchain Digital Copyright and Asset-Trade', is available through...
If you keep money in a savings account, you'd better read this! Due to unprecedented money printing in recent years, inflation is accelerating like crazy around the world. What's more, this is only the beginning and we can expect with a high degree of certainty that it will only get worse. Why is this happening and how can we protect ourselves from it? Read on to find out more!...
Mark Zuckerberg is trying to create his own metaverse, which would result in even more centralisation, leading to a dystopian future. If Facebook turned out to be human, where would he/she/they currently be? Most likely in prison... for a very long time. The company's transgressions are too numerous to list. But Facebook is not human; it is a company, and a very profitable one at that. In fact, it is...
Crypto payments company Alchemy Pay plans to introduce a virtual card linked to cryptocurrencies that is accepted on Visa and Mastercard networks. Hybrid platform Alchemy Pay announced on Monday that the company will introduce virtual payment cards that will allow payment with more than 40 cryptocurrencies. The new cards can be linked to Google Pay and PayPal digital wallets and payments can be made...
The official Portuguese shop of Chinese electronics giant Xiaomi has partnered with Utrust to unlock payments in 5 different cryptocurrencies. Chinese electronics manufacturer Xiaomi is the latest global company to get involved in the cryptocurrency industry, as its official Portuguese shop now accepts Bitcoin (BTC) payments. Mi Store Portugal, Xiaomi's official retailer, announced on Facebook on Wednesday that it now...
Many contrarians look at Bitcoin as just a speculation with no intrinsic value or utility. The reality is far from their point of view. Bitcoin and cryptocurrencies are saving lives as you read these words. This is not a rubbish story. I am not surprised by all the negative narrative around Bitcoin over the years. After all, independent and accessible money is serious competition....
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