It looks like Christine Lagarde, the President of the European Central Bank, has lost her sleep and is having nightmares over crypto. On a recent episode of the Dutch television show “College Tour,” when speaking about cryptocurrencies Lagarde said that “my very humble assessment is that it’s worth nothing”, and continued “it’s based on nothing,…
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Coinbase’s first-quarter earnings report showed a $430 million loss in revenue and a 19% drop in users, going from 11.4 million to 9.2 million MTUs – monthly transacting users. It also showed that in 2021 subscription and services revenue grew by 10x over 2020, generating $500 million ($200 million in Q4) representing 7% of the…
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One word sums up this past week: a bloodbath. After the TerraUSD (or UST) algorithmic stablecoin and Luna collapsed, the market lost around $270 billion in a cryptocurrency sell-off. Luna’s value is now zero and at one point it was worth more than $100. Luna’s was created to maintain the UST peg. UST was supposed…
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Scanning this week’s news there were a few stories that caught my eye. The Central African Republic has adopted bitcoin as legal tender, becoming the second country in the world to do so after El Salvador. To say that this is big news is an understatement. Oddity, a D2C makeup company, is offering a security token…
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At the end of March, Vitalik Buterin in an interview with Time Magazine specifically voiced his concerns about the market’s large amount of Ponzi-scheme Defi and NFT protocols and how they’ve hijacked the Ethereum platform and have driven fees sky high. People’s interest in crypto has skyrocketed among investors and in popular culture, thanks to…
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The phenomenon of bitcoin casinos has been fascinating. With the rise of bitcoin, it is no wonder that bitcoin is accepted as a form of currency in these casinos. Cryptocurrency casinos are the new way to gamble online. With bitcoin, you can be sure that your money is safe and secure. You can also enjoy…
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Over the years, bitcoin has gone from fringe to mainstream. Once the playground for diehard developers, it has become a major topic of conversation for governments, big tech, and banks who are looking to position themselves to make a land grab. Since the dawn of bitcoin, there’s been a power struggle between the old and…
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Shoppers have flocked to BNPL (Buy Now Pay Later) over the last couple of years as online shopping has surged amid the pandemic. While the idea is not particularly new, its rise in popularity among financial institutions, merchants, and consumers has been phenomenal. In fact, nearly half of all US consumers have made a purchase…
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