El Salvador President Nayib Bukele took a victory lap on Monday after the Bank of England’s British pound rapidly depreciated against the dollar. The institution has since resumed quantitative easing. Its action marks a clear pivot that many in the Bitcoin community predicted central banks would be forced into months in advance. Bukele’s Callout Bukele tagged the Bank of England with a triumphant “Told you,” over Twitter, scoring over 14,000 like and 2000 retweets from his followers. His brief comment…
Tag: Token
Unravelling the DeFi Gem that is the Falcon Project
In recent years, there has been an enormous growth in decentralized finance(DeFi), with the total value locked in DeFi markets surpassing $6 billion. DeFi platforms, consisting of dex platforms, stablecoins, derivatives, lending, and non-fungible asset creation, have immensely grown the Ethereum ecosystem. And with Ethereum looking to undertake a significant system-wide upgrade that will involve the transition from proof of work to proof of stake consensus model, i.e., Ethereum 2.0, DeFi platforms will continue to surge the coming years. Amidst…
2 years ago 
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Socios Now Offering Paris Saint Germain (PSG) Fan Token
On the 28th of January, PSG pointed out that its fan token is now available on Socios blockchain platform. People holding PSG fan token can use it to vote on an inspirational message to appear on the captain’s (Thiago Silva) armband on the pitch. Another token offered on Socios is an AR token hunt game for Chiliz and CH2 and may be consecutively used to purchase PSG’s fan token. Team supporters can use the fan token to vote in various…
3 years ago 398
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Is the Glittering of Gold Tokenization Worth the Hype?
Blockchain technology is evolving rapidly and changing financial assets and economic models on the go. Its support for cryptocurrency development can no longer be ignored. Very soon, it may revamp the way we look at money and its ever-changing nature. Tokenization is one of the main changes that blockchain has brought so far. This process converts real, palpable goods into digital tokens to enable easy transfer and virtual manipulation. Gold is just one of the latest tangible assets to go…
3 years ago 641
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The Case of Blockchain Tokenization and What Lies Ahead
Blockchain is primarily a distributed ledger designed to foster transparency and immutability of information and, most commonly, transactions. The idea of blockchain was initially instituted in 2009, with the most successful crypto asset, bitcoin. Since then, there have been many other crypto introductions, including the launch of the second-best performing blockchain, Ethereum. Ethereum introduced the concept of smart contracts, which paved the way for the speedy introduction of crypto tokens. Tokens are primarily a digital representation of another asset, be…
3 years ago 679
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