As the use of bitcoin grows, more and more locations are vying to attract bitcoin businesses and individuals. One such place is Lugano, Switzerland, which has adopted bitcoin as a de facto legal tender and offers a wide range of merchants that accept the cryptocurrency. You can now live in this Swiss city solely on bitcoin.
Due to the economic separation between Russia and the West resulting from the invasion of Ukraine, Russia is developing special institutions to mine and transfer crypto across borders.
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.
Bitcoin is a monetary revolution that will change the world of the future. Bitcoin will not only change the world of the future forever, but it will also change it for the better. The Bitcoin system will enable the construction of a fairer and simply better world for everyone.
An unresolved problem is enhancing the dependability and quality of human connectivity, and Starlink can resolve that, which will improve decentralisation by changing bitcoin mining.
"No matter what political reasons are given for the war, the underlying reason is always economic." -A. J. P. Taylor
Late last year, as crypto markets were struggling to regain their footing, the world’s biggest cryptocurrency exchange quietly moved $1.8 billion of collateral meant to back its customers’ stablecoins, putting the assets to other undisclosed uses. They did this without informing their customers. According to blockchain data examined by Forbes, from August 17 to early December–about the same time FTX was imploding–holders of more than $1 billion of crypto known as B-peg USDC tokens were left with no collateral for instruments that Binance claimed would be 100% backed by whichever token they were pegged to. B-peg USDC tokens are digital replicas of USDC, a dollar-pegged stablecoin issued by Boston-based Circle Financial, that exist on blockchains not supported by the firm such as Binance’s proprietary Binance Smart Chain. Each stablecoin is worth one U.S. dollar.
Bitcoin is the foundation. Everything that happens, every technology, every tool, every innovation, such as Artificial Intelligence, enlarges the total Bitcoin pie.
I know, I know. Your Twitter feed has probably been drowning in...
Detractors have been attacking Bitcoin for requiring meme-stock speculators to function, but now that the speculators have left, the doubters are blaming Bitcoin for the speculators' absence. But here's why the falling Bitcoin price doesn't really matter.
The Hedge Fund 3AC is under investigation for defrauding the crypto industry and Blockchain.com has declared that it is assisting with ongoing investigations.
