What Is CBDC In Crypto?

The cryptocurrency trading revolution exploded more than ten years ago and led to an almost unprecedented economic and financial earthquake. As a result, people are learning to change their approach to payment and investment systems, pushing up the price of many cryptocurrencies. Such a rapid change has not gone unnoticed on the boards of the world's major central banks. In fact, in an increasing number of countries, central banks are working on launching centralized digital currencies, known as CBDC. This…

Which CBDC is Likely to Dominate the Global Financial Markets?

In a volatile crypto market, developers found a way to stabilize trade. The solution comes from the invention of stablecoins, which entered the market in 2014. Stablecoins are digital currencies linked to an asset or a currency. Some of the most popular assets include gold and fiat currencies. Now, the promise of CBDC currencies can lead this evolution to the next step. The US Dollar backs the majority of stablecoins circulating the DeFi ecosystem. Therefore, the value fluctuations of digital currency remain…

Why is Crypto Space Referred to as the Wild West?

Bitcoin and cryptocurrencies have become a $2 trillion asset class in a little over a decade, showing that they hold the potential to disrupt the legacy banking system.  However, cryptocurrencies can't seem to shake their reputation as the "wild west," a lawless space riddled with scams that lacks any regulatory oversight.   That said, things could soon change as a growing appetite from institutional investors applies pressure on regulators to accept crypto as a viable financial system. This guide examines why…

7 Reasons Why You Don’t Have to be Tech-Savvy to Transact in Cryptocurrencies

There's a common misconception that you must possess high technical knowledge and computer skills to trade in cryptocurrency. It might seem as if only those who know how to program can enjoy all the benefits of trading Bitcoin, Ethereum, and other digital currencies. However, is it important to be tech-savvy when transacting in cryptocurrencies? No, not really. The opposite is true. You don't need to know how the blockchain works or what types of wallets exist in the market today,…

The Future of Democracy and Financial Freedom with Cryptocurrencies

The current financial system experiences a myriad of issues that, in most cases, denies individuals access to financial services. Poverty rates continue to increase when users are financially excluded as statistics register the unbanked population to about 2 billion worldwide.  The launch of Bitcoin in 2009 by Satoshi Nakamoto aimed at substituting the traditional financial model with a fast and more advanced architecture. The outcome is evident since the number of digital currencies continues to increase, accumulating an overall market…

Thomas Peterffy Admits He Owns Cryptos Despite being Skeptical Earlier 

Thomas Peterffy, founder and Chairman of Interactive Brokers, revealed he had invested in digital currencies. However, he did not reveal which cryptocurrencies he owns. He further said that the clients of his company have been showing massive interest in digital assets services. The billionaire founder said he had placed a little bit of money into crypto. However, he noted that despite the chances pointing that this is not going to be a viable market, he still thinks that there’s a…

Crypto Adoption Progresses As Volatile Digital Currencies Continue Unravelling

Jeremy Allaire, CEO of Circle, believes that there's plenty of room for bitcoin, volatile cryptos, and more stable versions like stablecoins in this burgeoning asset class. He said that a continued proliferation in the adoption and development of cryptos generally would be observed. He also noted there would be dramatic growth in fiat digital currency models – whether done via private companies, consortium models, or government-led initiatives. Cryptocurrency Price Check Cryptocurrency prices continued to fluctuate on June 30 as it…

The Bank of International Settlements Reaffirms its Support on CBDCs

A new report released by the BIS indicates that it supports Central Bank Digital Currencies, terming CBDCs as a distinct representation of money for the digital market. Commonly known as the bank of central banks, BIS acknowledges that CBDCs introduce several solutions ranging from transparency, settlement finality, and liquidity. The commerce industry is gradually moving to the internet, making it necessary to implement CBDCs for global retail payments and the public good. Therefore, going to the report, approximately 56 central…

Strict Regulations on Crypto Spells Woes for Investors, Says US SEC Commissioner

One of the commissioners at the United States Securities and Exchanges Commission has warned against too strict rules on cryptocurrencies. She says that her colleague’s efforts to impose such regulations will give investors a tough time doing business in the US. Instead, Hester Pierce wants financial regulators to adapt accordingly to the growing cryptocurrency market cap. Mrs. Pierce said the idea that regulators have to grasp every tiny detail of financial aspects vastly discourages innovation. She continued to say,  “I…