Cryptocurrency and Finance: People, Culture and Tech
Tether and the City of Lugano will collaborate to achieve a common aim of growing the city’s blockchain capabilities and promoting Lugano as a major European blockchain adoption centre. Lugano’s ambitious Plan ฿ will allow the city’s 62,000 residents to pay for public services and taxes using Bitcoin, Tether, and LVGA. It has already partnered […]
Charlie Munger, vice chairman of Berkshire Hathaway and a longtime business associate of Warren Buffett, gave an annual presentation on Wednesday in which he slammed cryptocurrencies like Bitcoin and advised investors not to approach the stock market like a “gambling parlour.” The 98-year-old investing legend compared cryptocurrency to a sexually transmitted disease during a shareholder […]
The concept of cryptocurrency was first proposed in the late 1980s, with the goal of creating a currency that could be sent anonymously and without the use of centralised entities (i.e. Banks). Many concepts developed by Bitcoin’s predecessors are still used in the protocol. Luckily, Bitcoin has been able to solve fundamental problems that others […]
In the middle of Texas, the lone star state, there is a revolution brewing. Many thousands of supercomputers will soon be housed at this 320-acre mining site in Dickens County, where they will work 24 hours a day, 7 days a week to solve a difficult set of algorithms. If they succeed, they’ll be rewarded […]
The fear of missing out (FOMO) is as real as the pain of breaking up with your first love. Dramatic, absolutely, but still nonetheless true. Seeing the S&P500 roar upwards, nearly vertical at times, over the last 3 – 4 years has been an emotional rollercoaster. Just before President Trump’s inauguration, there were rumours that […]
On September 10th, 2021, El Salvador officially adopted Bitcoin (BTC) as legal tender making it the first nation to do so. President Nayib Bukele hopes Bitcoin will alleviate the country’s current economic problem and stimulate foreign direct investment. At present remittances account for at least 20% of GDP, with sending paying high transaction costs for […]
According to Ryan Selkis, the creator of crypto analytics business Messari, bitcoin (BTC) is a “contrarian bet” for 2022, implying that the commodity could perform poorly in a market it has long dominated. According to Selkis, the crypto industry’s dynamics have shifted. Investors are pushing a lot more money into assets that offer a greater […]
Old Skool fraud When we think of the United Kingdom, there are certain stereotypes that come to the fore that, to some degree hold true, but fraud might not be one of those characteristics. In late January a Conservative minister in the House of Lords resigned after attacking the UK government’s handling of COVID business […]