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The world’s most significant hedge fund founder wasn’t always keen on crypto, but he now believes it has earned its keep. Ray Dalio recently told Market Watch that a blockchain revolution would happen, given everything Bitcoin has survived already. This was part of a broader conversation about the perilous state of inflation and the Federal Reserve’s lack of solutions. Bitcoin Is The New Gold Dalio touched on crypto Thursday while covering its evolution into a “political statement” against irresponsible monetary…

We’ve seen celebrities. We’ve seen athletes. Now, a former first-lady has entered the NFT game. Recently, Melania Trump – wife of 45th US President Donald Trump –announced that she would begin releasing NFTs on MelaniaTrump.com. Partial funds raised from these collectibles will support children aging out of foster care. Melania Trump NFTs? The former first lady announced her upcoming collection in a statement over Twitter on Thursday. The first NFT she plans to release, Melania’s Vision, will be available from…

Reddit made another step towards going public. The social media giant announced filing a confidential draft statement for a planned IPO this Wednesday. The company filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The registration statement uses SEC Form S-1. Public companies in the US use the form to register new securities. The SEC requires this form and doesn't allow stock listing on the national exchange without it. Usually, companies submit the S-1 Form before their initial…

As expected, massive inflation prompted the Fed to turn hawkish on inflation. On Wednesday, the Federal Reserve stated that it would speed up the removal of monetary policy support. This includes tapering its $90 billion monthly bond purchases and hiking interest rates. Interest rates are currently at historic lows of 0.25%. What influenced the decision is likely the steep rise in inflation numbers. November CPI, a measure of consumer prices, rose 6.8% compared to the same period last year. Moreover,…

Despite underwhelming Bitcoin prices this December, Kraken CEO Jesse Powell remains bullish on its appreciation long-term. In a recent interview, he stated that the dollar is “is going to zero.” Also, he added that seeing Bitcoin under $40k would simply be a buying opportunity. His comments respond to the out of control US inflation, which the Fed has promised to stop asap. Buy The Dip Powell made his bold prediction in an interview with Emily Chang of Bloomberg Technology on…

Though Bitcoin remains in a price slump since last week’s crash, institutional adoption still looks bullish for long-term holders. Most recently, Idaho Central Credit Union (ICCU) partnered with NYDIG and Alkami Technology to implement Bitcoin buying and selling services. ICCU is rapidly growing, with 480 000 members in 44 locations across the state. Another Credit Union Adopts Bitcoin Alkami Technology – the involved cloud-based digital banking services provider – announced the news on Wednesday. The company provides banking companies with…

The Swiss are taking the gold - to the Ethereum blockchain. After announcing the move back in March this year, Swiss bank SEBA issued its gold-backed stablecoin. The token will allow users to own physical gold digitally. The bank will record the ownership on the Ethereum blockchain - an immutable ledger used to record crypto transactions. Specifically, SEBA says that the token will give investors a more accessible way to hold gold. In particular, investors can use the token to…

With just a couple of weeks until the end of 2021, we’re sending away the most successful year in DeFi’s history. Several broken ATH records, multiple newly emerged ecosystems showing that Ethereum is not the only building layer for DeFi and a brand new paradigm showing that brick and mortar traditional banks actually need DeFi. To showcase the latter we can mention the noticeable examples of the European Investment Bank issuing its €100M digital bond on Ethereum and Société Générale,…

Pat Toomey – a crypto-supportive Republican senator – recently spoke at a congressional hearing discussing stablecoins and their risks. He proposed that stablecoin issuers should operate under three different regulatory models – including under bank charter. This comes following the stablecoin report’s release last month, which recommended that chartered banks only issue them. Three Models For Stablecoin Issuers On Tuesday, the hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” happened. While there,…