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Fiat-backed stablecoins are no different. Financially speaking, sending someone 100 USDC is no different than sending them $100 via Venmo. In both cases, one user is handing over a claim against a balance sheet – Circle’s versus PayPal’s – to another. From the issuers point of view, each dollar held
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Chris Southworth, Secretary General of the International Chamber of Commerce, said the bill could have an impact globally. It is a £1.2 trillion opportunity for the Commonwealth, an association consisting of 56 countries, he claimed, calling the proposed law "a template," and one that could facilitate talks with countries like
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Place/Date: - January 18th, 2023 at 5:18 am UTC · 3 min read Source: Orbeon Protocol Many cryptocurrency investors are incurring losses as the volatile 2022 year has ended due to their assets like XRP (XRP) losing value. But not everything is as disastrous as it appears.
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Place/Date: - January 17th, 2023 at 11:20 am UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes CoinAs the new year begins, crypto enthusiasts are compelled to make certain tweaks to their crypto holdings going into coming trading seasons.
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The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed, Inflation, and the Great Depression Ark Invest CEO Cathie Wood,
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October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.”According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in
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The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s position as a “global leader in financial services” —
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FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried's recent comments come a month after Binance pushed ahead with plans to auto-convert a host of stablecoins supported on its
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The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,” the organization said. 98% of CEOs Expect
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