The current high growth & adoption of financial applications can be traced back to the arrival of cloud storage in 2006. The big idea was the creation of a simple, scalable, service that could easily plug into existing software. The world of DeFi will mirror this trajectory.
Why in the world would people spend thousands, and even millions of dollars, on fully digital assets? After all, they are just JPEGs or GIFs, right? Let’s get into the world of NFTs to understand the mania.
Attempting to address some of the common criticisms of the Bitcoin network, CEOs Michael Saylor and Elon Musk recently organized a meeting of North American Bitcoin mining firms to coordinate use of renewable energy and transparency in the business worldwide.
Many can still remember the days when bitcoin was worth less than a dollar. Today, it’s worth more than $30,000, even after Elon Musk prompted one of the biggest sell-offs since the last Crypto Winter.
Federal Reserve officials recently have amped up the tone and tempo around their exploration of a digital version of the U.S. dollar, a high-stakes undertaking for the central bank backing the world's reserve currency.
Billionaire Ray Dalio’s Bridgewater Associates has the largest Assets Under Management (AUM) of any hedge fund, with assets estimated at $140 billion. Naturally, much of Ray Dalio’s investment philosophy may sound familiar to the Bitcoin faithful.
The Non-Fungible Token (NFTs) market has been on a tear in recent months, with numbers suggesting that the total capitalization of this space may lay anywhere between $10-$50 billion at the moment.
The price of bitcoin bounced back to the $38,000 level today after hitting the $31,000 mark for the first time in almost four months -- down almost 50% from its last month all-time high. The selloff is blamed on panic selling.
The Fed is stepping up its research and efforts to explore the potential development of a digital version of the U.S. dollar at a time when more consumers are using digital payments and other governments are pushing forward with their own digital currencies, Lael Brainard said.
Over the weekend, the rout in cryptocurrency continued; with crypto serving as a barometer for risk appetite, this may hint at more volatility to come in equity markets this week
With over 56 million registered users on Coinbase alone and bitcoin search results reaching all time highs on Google, it’s safe to say popularity has never been greater for this emerging digital asset class.
Hyperinflation in Venezuela has pulverized the value of the bolivar currency with annual inflation recently calculated at 2,940.8%, according to Central Bank data.
With 9,000+ cryptocurrencies on the market, appropriate diversification and subsequent asset management can be an extremely time-consuming undertaking, particularly with the rise of the DeFi sector.