Hedge fund manager, Ray Dalio, described the reasons cash is a poor investment, but failed to mention Bitcoin as a viable alternative. In a recent TED interview, Bridgewater Associates co-chairman and co-CIO, Ray Dalio, labeled cash as a risky place to park wealth, although he failed to mention Bitcoin (BTC) as an alternative. “Do not…
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As the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system. The COVID-19 pandemic is pushing the global economy toward a major recession, but there may be a silver lining in all this for the crypto industry: The accelerated adoption of…
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Amid growing concerns regarding the transmission of COVID-19, the Bank of International Settlements is pushing for digital currencies. The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic. The bulletin published by the BIS, a 600-member international financial institution representing…
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Multi platinum-selling artist Akon will launch his Akoin cryptocurrency on the Stellar network. Multi platinum-selling recording artist Akon has chosen to build his Akoin cryptocurrency ecosystem on top of the Stellar blockchain. Akoin co-founder and president Jon Karas said they chose to launch the project on Stellar due to sharing similar values. “Akoin selected Stellar’s…
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Elon Musk finally revealed his nuanced stance on cryptocurrencies, saying that they could be a valid replacement to cash and its usage in illegal transactions. After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s…
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