Opinion

The environmental impact of cryptocurrencies has been a significant issue this year. While the problem has always been present, it came into the limelight in 2021. Prominent critics of cryptocurrencies have pointed to the environmental impact they have had for years. Mining has been an incredibly challenging one. But, is there a way that digital assets can be good for the environment? A Very nuanced Issue As we said, it’s not a new issue for people to raise the problems…

It is scarce for governance itself to affect cryptocurrencies. For many years, crypto insides have asked for crypto regulations and transparent rules for the industry. While the infrastructure bill won't do that, it will affect the crypto space nonetheless. Currently, the infrastructure bill is in the U.S. House. The piece of legislation carries a great deal of importance to the Biden administration. But, what does it mean for crypto? A Background to the Infrastructure Bill On August 10, 2021, the…

Central Bank Digital Currencies (CBDCs) are the latest financial buzz. Governments want to build them, and many have started. Currently, more governments have started working on CBDCs. Also, the Bank of International Settlements (BIS) is supporting their activities. Less Time, Fewer Costs Earlier this week, the BIS published a report. In the statement, the bank said that CBDCs can help to reduce the delays in international transactions. The report's title was "Inthanon-LionRock to mBridge: Building a multi CBDC platform for international payments."…

Recent reports show London-based financial firm Revolut is stretching its hands across the sea. They are planning to introduce its crypto token to the world. According to a source relative to the matter, Revolut will soon launch a crypto token. Interestingly, the source said that the timing of Revolut comes after the approval from U.K regulators. Nonetheless, the information does not come directly from Revolut but two people with knowledge of the plans. A Glimpse of the Crypto Token One…

Have you ever noticed the contempt politicians and bankers seem to have for Bitcoin? A recent scandal at the Federal Reserve gives us a great clue as to why. Commonplace Corruption On Capitol Hill Political corruption is no mystery to the public. Anyone can name a crooked politician that’s abused their privileged position for personal and financial gain. Take Nancy Pelosi– the Democratic Speaker of the House who bought call options of Tesla stocks last December. She purchased them ahead…

Bitcoin has been the premier cryptocurrency of the last decade. Nonetheless, cryptos have been gaining popularity, with their adoption achieving good traction along the way. However, it is vital to keep this technology up-to-date, and the answer lies in ecosystem upgrades. Similar to the ETH 2.0 upgrade, BTC is also receiving its first update in four years. The Taproot upgrade may be the key to transcending the Bitcoin blockchain into the smart contract era. Read on to learn more about the Taproot upgrade…

El Salvador is a country in Central America that borders the Pacific Ocean to the north. It also borders Guatemala to the southeast and Honduras to the southwest. It has recently adopted Bitcoin as its legal tender. BTC is now a lawful means of payment in the country. For some time now, many countries have turned their attention to the "future of finance." This act has triggered numerous reactions worldwide. Also, many countries take sides between backing and condemning crypto adoption.  Why…

Exchange of value has never been this easy. Algorand is among the first crypto projects to integrate DeFi protocols with the traditional financial modules. The platform plans to introduce revolutionary financial products that could improve the basic economic modules in the Fintech industry. And, the Pure Proof of Stake mechanism is at the center of the project. In its very acclaimed blockchain, Algorand is a project touted to kill Ethereum. As the title suggests, the platform has numerous unrealized potentials, game-changer…

Crypto popularity has been brewing like a storm. Adoption rates are increasing, with estimates placing the figure in the United States at around 20 million. Everyone seems to want a slice of the crypto pie. But the digital asset is a young player in the investment asset world, having first appeared in 2009 under Bitcoin. As such, the regulatory framework governing cryptos isn't universal. It is essentially a work in progress. So a question lingering in people's minds is what happens…