While blockchain technology may mean different things to different people depending on its application, it is gradually transiting from just being a buzzword to becoming a technological innovation that innovators continue to apply across various sectors and industries. Blockchain, as a distributed ledger technology with cryptographic security, has been described as the third-generation Internet that enables anyone store, manage, or transfer...
US Senate propose new regulation for cryptocurrencies, SEC overtaken by the CFTC
Two members of the US Senate, Senator Kirsten Gillibrand (Democrat, New York), member of the Senate Agriculture Committee; and Senator Cynthia Lummis (Republican Wyoming), member of the Senate Banking Committee; earlier this month introduced a new Bill for the regulation of cryptocurrencies. The bipartisan Bill, Responsible Financial Innovation Act, aims to create a “complete regulatory framework for digital assets.” according to...
Euro Coin (EUROC), Euro-backed stablecoin from Circle, out this month
A new stablecoin is coming to town, EUROC. EUROC is backed 1:1 by the Euro. Although backed by the currency of the European Union, EUROC is from the US: Circle. Now let's circle back on how this started. Circle, issuer of the USD Coin (USDC) stablecoin, announced last Thursday, the launch of a new stablecoin backed by the Euro (£) by...
Bitcoin falls further to $18,000; heading to $11,000 next?
Bitcoin price slumped to about $18,000 on 18 June, dropping the $20,000 support it has been getting for weeks. This is the first time bitcoin has slumped under $20,000 since December 2020. At press time, bitcoin price is $18,000 but it went as low as $17,708. With such drop, this means bitcoin has also for the first time in its over...
Cryptocurrencies and NFTs are “100% based on greater fool theory”- Bill Gates
Speaking at a TechCrunch program Tuesday, the Microsoft co-founder & billionaire described cryptocurrencies and NFTs as something that's "100% based on greater fool theory". This was Bill Gates's response to the idea that cryptoassets, which he considers overvalued, will increase in price as long as there are enough investors willing to pay more for these cryptoassets. Obviously referring to the Bored...
