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When Bitcoin first appeared on the digital scene in 2008, the world snubbed it. Sure, it happened during the economic crash, but traditional banking institutions couldn’t become obsolete overnight due to cryptocurrency. Or could they? What started as a trend quickly turned into an opportunity for people worldwide and a threat to others. Today, over a decade later, Bitcoin is a global sensation. But, can cryptocurrency be the future of finance and the economy? Crypto vs. Traditional Finance The crypto…

Jack Mallers, CEO of Zap Solutions, has developed a new service to streamline the investment process for Bitcoin HODLers. Strike users of his custodial wallet can now opt to convert some or all of their future income into Bitcoin. Mallers explained how this feature works, as well as what makes it so important to society. Mallers: “Pay Me in Bitcoin” is For Savers Jack Mallers announced Strike’s new feature in a blog post earlier today. As the post reads, users…

Stripe has announced its return to the crypto market. However, the online payments company did not elaborate on the topic. Instead, it only tweeted a short message revealing its plans to build the “future of Web3 payments.” Apparently, a team of engineers and designers will work on the company’s ambitious project. And, that’s all we know so far. Below, we discuss Stripe’s progress and whether it has what it takes to spearhead the Web3 movement. When Stripe Exited Crypto In…

Coinbase, a highly popular cryptocurrency exchange, is taking steps to advance the regulatory conversation in the United States. The company just released a 30-page policy proposal with suggestions on how policymakers should address the industry. Experts, opinion leaders, and government officials across the country have contributed to its development. ‘Safeguarding America’s Financial Leadership’ The proposal, ‘Safeguarding America’s Financial Leadership,’ was revealed in a Coinbase blog post on Thursday. Though the entire proposal is reasonably dense, the blog post offers a…

The crypto market is still in its infancy and, therefore, a very volatile sector. However, due to its innovative and revolutionary potential, it is continually making news headlines. Here are today's most striking titles! On Monday morning, Bitcoin’s price exceeded $57,000, continuing a two-week surge. It’s worth noting that the king coin is the most valuable cryptocurrency by market capitalization. Now, it has risen more than 30% in October. At the moment, it is trading for about $57,442 apiece. Several…

The crypto community just received another significant green light from a world superpower. Russian President Vladimir Putin recently stated that cryptocurrency “has the right to exist and can be used as a means of payment.” Russia Accepts Crypto Putin aired his thoughts in a recent interview with CNBC, when discussing alternative settlement means for crude oil contracts. Several months ago, Russia’s Deputy Prime Minister suggested that the country forgo dollar-denominated contracts in response to US sanctions. This spurred questions of…

Recently, Pinkslip Finance announced it has officially joined the jointly developed Huawei Cloud Singapore and Morpheus Labs launchpad. The NFT-based platform became one of the very first networks to acquire the services of the innovative launchpad. Moreover, Huawei Cloud and Morpheus have promised to pour in resources to give blockchain solutions to Pinkslip Finance, among other projects. Pinkslip Finance announced its excitement to work with Huawei Cloud PAC on Twitter. In recent times, many have considered Huawei as the leading…

Payment giant Visa has taken many steps towards building out cryptocurrency payment infrastructure. Today, they furthered their endeavors in the crypto industry by launching a program to support NFT artists. Visa Partners With Micah Johnson Visa announced their new project in a blog post on Tuesday, showing enthusiasm for how the NFT industry is lifting artists. They give the example of Micah Johnson, and a former MLB player turned NFT artist. Micah quit his MLB career in 2018 and was…

Jon Cunliffe, Deputy Governor of the Bank of England, recently argued why he thinks cryptocurrencies could cause a financial crisis. He compares it to the dot-com bubble and especially to the 2008 market collapse. Crypto Weaves Itself into Financial Markets As reported by Bloomberg, Cunliffe's primary concern is that cryptocurrency has been interwoven into the financial system. As he points out, central banks are now offering crypto custody services to their clients. Furthermore, hundreds of specialist crypto hedge funds are…