Web 3.0 is a hypothetical future internet version built on public blockchains, a record-keeping technology best known for facilitating cryptocurrency transactions. Web 3.0 is appealing because it is decentralized, which means that instead of customers accessing the internet through services mediated by firms like Google, Apple…
I’m not saying that cryptocurrency, “meme stocks,” and NFT are gigantic scams. They’re neither multi-level marketing schemes for computer nerds, nor fancy pyramids that are likely to end in heartbreak for anyone who puts money into them. Other people are saying these kinds of things. But I’m not.Read more…
In the second half of 2021, the total market cap of all cryptocurrencies shot to over $2.1 trillion—a record. During that time, Bitcoin—by far the largest blockchain network and the most valuable—rallied to top over $69k in some exchanges in……
By the name of the cryptocurrency, you can imply that it is inherently cryptic, meaning that it has no physical existence. Unlike a traditional currency, it is online – you can’t hold or feel it. But you sure can carry out transactions using it. Since there is no formal authority backing it…
Advises citizens to avoid ‘Ponzi schemes’ Another week, another big economy restricting cryptocurrency. This time Indonesia has barred financial services firms from offering bit-buck-related services to their customers.……
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put…
Push payments, cryptocurrency fraud and a jump in interest rates could lead to more litigation in the financial services sector in 2022, an industry expert discussed with City A.M. this weekend. One of the biggest drivers of financial disputes this year could be authorised push payment fraud…
Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey Now Considers Cryptocurrency a Commodity That Is Here to Stay Personal finance guru and Ramsey Solutions CEO Dave Ramsey…
The rapid growth in cryptocurrencies such as stablecoins and decentralized finance [deFi] is an “important potential emerging vulnerability” according to a Friday report released by a US leading regulatory group called The Financial Stability Oversight Council or FSGOC. In their annual report, the Financial working group brought into focus some key issues pertaining to the stablecoins and…
Anonymous financial market sources claim that the Russian central bank is preparing to ban all cryptocurrency investments The Bank of Russia is allegedly preparing to ban investments made in cryptocurrencies. (Image source: Central Bank of Russia) Financial market sources familiar with the Russian central bank have told Reuters that the bank is preparing to outlaw…
