Argentina, South American nation has been caught in an economic crises with a predicted 40% rise in inflation by year end and the with country’s fiat currency, Peso dipping in value to as low as 50% against the U.S. dollar. In lieu of this economic decline, many nationals now turn to cryptocurrencies especially Bitcoin, to cushion the effect of this decline and stay afloat of the current economic woes of the nation. To this end…
Bill Clinton, a popular and former U.S. President took the stage as the keynote speaker at the Swell conference organized by Ripple where he aired his views regarding the cryptocurrency industry, blockchain technology and his opinions on current market regulations. During the event held in San Francisco, President Clinton who was joined by former white house adviser Gene Sperling; gave his seal of approval to crypto as he advised lawmakers against seeking to overly regulate…
The Commodity Futures Trading Commission (CFTC) chairman, Christopher Giancarlo in a recent interview with CNBC expressed his view about cryptocurrencies and shared his believe that digital currencies will be here for the long term even if they may never achieve the goal of completely replacing fiat currency. Explaining the basis for his assertion, the CFTC boss stated that cryptocurrencies especially Bitcoin will achieve wide spread adoption in two-thirds of the world. In his words, I…
Google has announced it is updating the company’s financial products and services policy to allow cryptocurrency related ads and hence partly reversing its ban on cryptocurrency advertising. By this announcement, Google will now allow regulated crypto companies to utilize its platform to advertise their products. The billion dollar search engine company had earlier in March banned crypto advertising; specifying the risks of consumer harm and the potential of cryptocurrency investments to cause harm in financial…
Italian Serie A champions, Juventus have become the latest soccer club to join the fan token frenzy. The club announced today the launch of the ‘Juventus Official Fan Token’ in a multi-year partnership with blockchain company Socios.com. The token which is designed to serve the club’s 60 million global fan base is aimed at evolving the Juventus club-fan engagement relationship as well as creating an intimate fan experience with a particular focus on millions of…
In a flash move following the SECs ETF postponement and just as a few experts had predicted, the cryptocurrency market has seen greens over the past 24 hours. A huge talking point is Ripple (XRP), as the altcoin has taken a leap and currently stands as the Second Largest Cryptocurrency as it overtakes Ethereum (ETH) on CoinMarketCap table. At this time, Ripple’s market cap stands at $26 billion while Ethereum takes third place at $23…
Cryptos and Forex- With the varying options, 365/24/7 opportunities and profits to be made in the crypto sphere, many look to either switch completely or engage simultaneously in both Forex and Cryptocurrency sectors. At a first glance, both sectors seem similar but there are several fundamental differences between these two which will be discussed in this post. As stated, the lucrative benefits of the cryptocurrency and blockchain industry has attracted interests from new entrants; with…
Dubai’s Security Chief, Lt. General Dhahi Khalfan Tamim had at a recent event predicted that cryptocurrencies will overtake cash as the country’s mainstream payment system. The Police boss while speaking at the panel event, opined that the main hurdles against cryptocurrencies mainstream adoption include a lack of sound public awareness and an inadequate crime prevention strategy as he states “faith in digital currencies will always be questioned as long as its source and tracking system…
A set of identical twins of Nigerian descent who had previously engaged in crime and gangster living in a South London suburb of Brockley are now worth £41 million in cryptocurrency. The twin brothers Sam and Steve Nico Williams aged 38, launched the Populous (PPT) cryptocurrency token which currently stands as the 52nd most valuable cryptocurrency by market capitalization. The family consisting of a chef mother and accountant father had moved to the United Kingdom…
In the wake of the Chinese government’s all out ban and strict legislation on cryptocurrency exchanges, trading and Initial Coin Offerings (ICOs), investors as well as users look to have found a bypass over these barriers. The ban which extended to website blocks, ban on crypto promotional activities and other restrictions had surprised many especially as the government has continued to urge investors to utilize Distributed Ledger Technology(DLT/Blockchain) in research and development. That said, the…