The digital yuan has already been piloted in various Chinese cities and was used in more than $8 billion worth of transactions in the second half of 2021. China’s efforts have also spurred other countries to ponder digital currencies of their own. Nearly 90 countries, accounting for more than 90% of global GDP, are actively … Read more
by Sayantani Sanyal February 4, 2022 Volatility is a part of all cryptocurrencies and this will continue to remain in the long run Cryptocurrencies, as an asset class, are extremely volatile. They carry a lot of risks, but clearly, these digital currencies can offer good returns, one of the many reasons why it has exponentially … Read more
The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this will bring more clarity to the cryptocurrency scene in the country, and will contribute to preventing crimes such as money laundering. Central Bank of Ecuador Has … Read more
Argentina’s energy secretary has eliminated electricity subsidies for cryptocurrency miners, raising the cost of energy to nearly 4 times what miners previously paid. The measure affects wholesale electricity market customers in the province of Tierra del Fuego, one of the provinces most occupied by miners in the country due to its specific climatic characteristics. Argentina … Read more
With the Reserve Bank of India being resistant in its approach towards cryptocurrencies in 2018, to an inclusion of cryptocurrencies in the Union Budget for 2022, there is a lot to ponder and consider about the world of virtual currencies. To start things with, cryptocurrencies are digital currencies designed to simplify online transactions and to … Read more
Lafayette’s Investment Club kicked off the new year by discussing recent trends in the market over winter break, along with potential speakers and internship opportunities under Lafayette’s own Chief Investment Officer. One topic not touched upon was the potential to add cryptocurrency to the club’s $1 million of assets; while the growth of NFTs, blockchain … Read more
Hello Guys! Over the last few years, the dominance of cryptocurrencies has been supersized because of their potential profits. So, at the moment, obtaining a cryptocurrency is not a difficult task. As a considerable note, most people have begun to use cryptocurrency as a payment method for goods and services, and cryptocurrency debit cards are … Read more
After climbing to over $38,000 in the wee hours of Friday, the price of Bitcoin settled back to $37,537 on late Friday morning. Bitcoin gained 2.5 percent over the prior 24 hours, according to CoinMarketCap. The bellwether digital currency has fought for direction over the last week or more, trading in a range between about … Read more
Augeo, the St. Paul-based leader in providing enterprise wide loyalty and engagement platforms is introducing a new program that can let participants exchange their points and cash back awards for cryptocurrencies. The new program, Heaps, is being offered in partnership with Las Vegas-based Prime Trust, a financial services company that provides the financial underpinnings for … Read more
Are you looking for investments with multibagger potential? Look no further than crypto. While this asset class has been off to a rough start in 2022, its long-term prospects look good as blockchain technology improves and investors seek to protect their wealth against spiraling inflation in fiat currencies. Let’s explore why Cardano (CRYPTO:ADA) and Ripple … Read more