U.S. blockchain network Solana has teamed up with South Korean stablecoin and payment platform Terra, which is backed by the eCommerce giant TMON. U.S. blockchain network Solana has teamed up with South Korean payment platform Terra to bring stablecoins into its dApp ecosystem. The Terra platform is backed by Korean eCommerce giant TMON. Solana was…
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Economist and academic John Vaz believes that Facebook’s Libra stablecoin is still shaping up to be Bitcoin’s strongest competition. Economist and academic John Vaz believes Bitcoin (BTC) still faces stiff competition from Facebook’s troubled Libra project. Vaz told Cointelegraph that Bitcoin has scaling challenges in terms of payments and was used disproportionately as a vehicle for…
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London-based crypto payment processor Wirex says it now has over 3 million active users, highlighting the popularity of its crypto-supporting Visa card among customers. London-based crypto payment processor Wirex has revealed that it now has over 3 million active users, highlighting the popularity of its crypto-supporting visa card among customers. Wirex is a company licensed…
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Experts think that 3iQ’s latest BTC-related listing will have a positive impact on global investor sentiment toward crypto. On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As…
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The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets.…
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Different vectors of development within the crypto industry have led to the emergence of stablecoins, which could be the most usable type of money in the future. Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a…
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Given the economic losses due to the COVID-19 pandemic, can we expect governments to be more vigilant in taxing cryptocurrency this year? Could this be the year the world gets serious about cryptocurrency taxation? The coronavirus pandemic, after all, could cost the global economy as much as $4.1 trillion — or almost 5% of global…
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Crypto industry has the best historical moment to change its reputation into a successful innovative tech sector within the finance industry. The Fed opening the floodgates to unlimited standing quantitative easing paired with a $6 trillion stimulus package is an unprecedented event. It’s the most heavy-handed intervention by the Fed to date. For many crypto…
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Canadian fund manager 3iQ has launched what Tyler Winklevoss calls ‘the first public Bitcoin fund listed on a major stock exchange.’ Canadian asset manager 3iQ has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly…
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Major cryptocurrency exchange will offer a total prize pool of $1M in BNB tokens in their April trading competition. Cryptocurrency exchange Binance announced on March 25 that it will be hosting a trading tournament where participants could compete in teams and win a prize pool of up to $1 million in BNB tokens. According to…
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