My thinking on stablecoins has evolved greatly since I started writing about them four years ago. There are things I’ve gotten right (their emergence as a killer app for blockchain), things I’ve gotten wrong (the viability of Dai), things I was early on (adoption for vanilla payments) and things I remain conflicted on, like the viability of the undercollateralized AKA algorithmic variety.
An infographic by MSCI showing how swiftly decentralized solutions and services have grown in popularity hints at an impending blockchain revolution.
Bitcoin is unique in that it is far more decentralized than the majority of web services we employ today. But is Bitcoin immune to government regulation? Bitcoin was designed to be a highly secure and decentralized system, but it is vital to remember that its most fundamental components are people, who are inherently unreliable and unpredictable.
The chief strategy officer of the Human Rights Foundation, a pro-Bitcoin NGO, said that the reason why the IMF hates bitcoin is that it is an outside currency that’s beyond the control of alphabet soup organizations.
According to the White House, US President Joe Biden signed an executive order on Wednesday for the creation of digital dollar directing the government to evaluate the risks and benefits of developing a central bank digital currency, as well as other cryptocurrency concerns.
Since 2018, the Unifi Protocol has been establishing the groundwork for a fully sustainable blockchain economy. Here's why the UNFI protocol DAO jumped over 1000%?
According to latest research, the United States has overtaken China as the largest Bitcoin mining hub.
The Reserve Bank of India’s (RBI) deputy governor has compared cryptocurrency to Ponzi schemes. T Rabi Shankar, the Deputy Governor, even suggested that ‘banning’ cryptocurrency was the best option for India in a speech.
The Russian tax office suggested in April that legal businesses in the country be allowed to receive Bitcoin and other cryptocurrencies as payment in international trade transactions. Now there's further attention on it as Russia is actively discussing the use of cryptocurrency in international trade.
The city of Lugano, Switzerland, will make bitcoin legal tender and allow citizens to pay for public service fees or taxes in bitcoin, city director Pietro Poretti co-announced in an event livestreamed on Thursday alongside mayor Michele Foletti and CTO of Tether Paolo Ardoino. The city has already worked with over 200 merchants to propel the adoption of bitcoin and Lightning payments.