Opinion

As many know, El Salvador was the first country to recognize Bitcoin as legal tender in the country’s territory. National President Nayib Bukele is among those who believe that the policy that went into force in 2021 was historic.  While crypto enthusiasts have continuously shown their support for this choice, not everyone was happy with these developments. In the latter category, we should mention some of the policymakers in the United States. The "Accountability for Cryptocurrency in El Salvador (ACES…

Starbucks CEO Howard Schultz held a town hall meeting geared at the company's employees on Monday. He took this opportunity to unveil a development he thought would thrill them: cryptocurrency. Schultz is returning to the corporation amid internal problems for his third stint as CEO. He declared that Starbucks would enter the NFT business by year-end at the meeting. The CEO has led the firm for more than two decades until turning over the CEO reins to Johnson in 2017.…

Freedom is a word synonymous with crypto. There is freedom from traditional finance systems, freedom from government control, and of course, financial freedom. So it made sense that when Canadian Freedom Convoy protesters needed an alternative platform to receive donations, they chose crypto. At least, it aligned with what the protesters stood for literally and figuratively. However, despite what should have been a smart move, the government exerted its influence on protestors’ holdings, raising questions on how free crypto really…

The leading cryptocurrency was first mooted to be a possible “safe haven” in 2013, following Bitcoin’s rise to $1000. With its new record, came media attention. As Bitcoin began to gain traction, crypto proponents touted the digital currency as the perfect substitute for gold. In comparison to gold, Bitcoin surpassed the value of the former, matched its popularity, and provided a new asset class for investors. Bitcoin’s merits were not just words laid out in Satoshi Nakamoto’s whitepaper. The world…

Gemini is the latest crypto exchange to join the Crypto Council for Innovation (CCI). Its addition enhances CCI's list of prestigious crypto firms supporting regulations on digital assets. So far, the group includes Coinbase, Block, Fidelity Digital Assets, and Paradigm, among others. Gemini’s Quest for Regulating Crypto Joining the CCI is only one of Gemini's recent initiatives for supporting policy and regulatory affairs. Notably, the company spent $120,000 on lobbying activities in the U.S. in the last six months of…

Coinbase, the most prominent crypto exchange in the U.S., has announced revenue of $2.2 billion. The impressive amount represents the platform's income only from transaction fees within Q4 2021. It is among the highest profits that crypto exchanges generated in recent years. Above all, it surpassed analyst expectations by no less than 27%. Coinbase’s Success in Numbers Last year, FactSet consensus predicted Coinbase to gain around $1.9 billion in revenue for the latest financial quarter. However, it seems that the…

While everyone is discussing crypto regulations in the U.S., Russia, or China, other countries are tip-toeing towards total crypto adoption. For instance, the United Arab Emirates (UAE) is preparing to issue federal licenses of virtual asset service providers (VASPs). The new legislation should come into effect by the end of Q1 2022. Above all, it should transform the country into a crypto oasis in the Middle East. A Surprisingly Friendly Approach to Crypto According to a Bloomberg report, the UAE’s…

Cyclically, inflation has become a hot topic in different economies. After years of near-zero (or even negative) inflation rate, the world is entering a new inflationary phase. Consequently, investors need to find ways to protect their portfolios during such periods. Our article will briefly explain how inflation can damage investment portfolios, a fundamental premise to the rest of the analysis. Going on, we will try to assess the power of cryptocurrencies to hedge inflation. How Inflation Puts Investments at Risk…

PotionLabs comprises three key components: a protocol, a suite of analytic tools, and an intriguing launch mechanism. We’ll go through each in turn, highlighting the key features and how each one is changing the DeFi game. Potion Protocol Key features A new, powerful risk management layer in DeFi that offers products like insurance from an automated market maker (AMM) A one-of-a-kind bonding curve that prices any asset depending on the LP’s risk A decentralised order book that allows LPs to…