diem

You all remember the stablecoins hype back in 2020? You would have mistaken it for a new concept in the crypto space, but stablecoins have been here for a while. Tether, one of the earliest stablecoins, was launched back in 2015. The stablecoin concept is an idea aimed at addressing the volatility of cryptocurrencies. So basically, stablecoins are cryptocurrencies pegged to a conventional asset. Formerly known as Libra, Diem is a stablecoin co-championed by the social network giant Facebook. The…

Christine Lagarde, President of the European Central Bank (ECB), has given her opinion on bitcoin (BTC). Lagarde believes that Bitcoin is a speculative asset and not worth the current hype surrounding its use. Volatile And Speculative Asset  Lagarde expressed her views on Sunday, February 7, on local french station BFM TV where she spoke on different financial topics. The ECB chief revealed that she considers bitcoin a superficial but highly speculative asset that robs investors. She further added that the leading coin…