Billionaires Who Have Publicly Showed Interest in Cryptocurrencies

The cryptocurrency boom of 2017 saw a rise in their acceptance from prominent economic figures. Since then, their volatility hasn't stopped significant investments in them. Today there's a push for their global mass adoption. Industry-leading lights and renowned celebrities have expressed their support for the assets. Nothing best captures this reality than Forbes's recent list of the world's wealthiest people. It indicates a growth in the number of crypto billionaires over time. From an asset that courted controversy and skepticism,…

Is Cryptocurrency the Future of Finance and the Economy?

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…

How to Use Ethereum Smart Contracts

Smart contracts might seem like complex cryptocurrency jargon to contemplate, but in reality, it's not. An Ethereum smart contract is an automated agreement between two parties written in code. Smart contracts have continued to bloom in the crypto space, and more is yet to come. One analysis shows that the wise contract market size might reach USD 345.4 million by 2021 at a CAGR of 18.1%. Ethereum smart contracts have had a notable impact in revolutionizing the crypto space and…

CFD Trading: What Is It and Its Use in Cryptocurrency

The key to making big with cryptos lies in trading them, with a $2T value in market cap value being in the hands of people worldwide. However, the terminologies that come up during trade can be a nightmare for neophyte traders. One such example is Contracts For Difference (CFD) trading. It is beautiful to all types of crypto traders thanks to the lucrative profitable opportunities it has on offer. However, the ability to make impressive gains lies in the trader's familiarity with the…

How the Infrastructure Bill Will Affect Cryptocurrency

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…

Relief: Federal Reserve Chairman Does Not Plan to Ban Cryptocurrency

Cryptocurrency fans and investors just breathed a major sigh of relief. Jerome Powell– Chairman of the Federal Reserve– has confirmed that he “has no intention” to ban cryptocurrency in the US. Powell’s Position on Crypto The chairman confirmed and clarified his position today while testifying in front of congress. House Representative Ted Budd asked Powell to explain one of his previous statements on the matter.  [caption id="" align="aligncenter" width="967"] Jerome Powell. Source: Reuters[/caption] In July, Powell joined a slew of…

SEC Chairman Reaffirms Support for Futures-Backed Bitcoin ETFs

Cryptocurrency investors continue to push for approval for exchange-traded funds (ETFs). The battle has been raging on for years, but there are positive signs of progress. The latest sign came from Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC) Slow and Steady for the SEC Earlier this week, Gensler prepared comments for a Financial Times conference. In his remarks, the SEC chairman said he would support futures-backed Bitcoin ETFs. These ETFs have backing from Bitcoin futures instead…

Legendary FC Boca Juniors Could Join The Crypto Craze Soon

One of Argentina's most famous football clubs is considering joining the crypto movement. Boca Juniors FC is in dialogue with several cryptocurrency firms to plan its entry into the crypto bandwagon. Boca Juniors' Financial Constraints The legendary Argentinian football club is currently facing a challenging financial moment. Also, the tough times seem to lean on the weak Argentine peso. For instance, the weak currency somewhat forces players to leave the team searching for dollar contracts. Also, the Covid-19 pandemic measures struck…

Elon Musk: US Government Cannot and Should Not Stop Cryptocurrency

Elon Musk says that the United States should do "nothing" to regulate the cryptocurrency sector– unlike China. He also suggests that crypto's advancement can merely be slowed but not "stopped" by governments. Elon Musk On China and Crypto Regulation The "Technoking" aired his thoughts in a recent interview at CodeCon 2021, an annual technology convention. The interviewer started by questioning Musk about China's recent re-ban on cryptocurrency in the country. He speculates that part of China's concern with Bitcoin could…

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