Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of...
American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it…
Offline Travel App Maps.Me Raises $50M in Funding Round Led by Alameda Research
The funding will go toward the launch of a multi-currency wallet on Maps.me, enabling decentralized finance (DeFi) features for 140 million users.
Crypto Long & Short: No, Bitcoin Is Not in a Bubble
Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.
China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
The BSN expects to complete integrations with a total of 30 public blockchains this year.
RAMP DeFi Leads The Liquid Staking Race, Opening Ethereum-Based DeFi to Staked Liquidity From...
Participation in the DeFi and staking ecosystems has seen explosive growth over the last year, with the combined sectors currently accounting for over $50 billion in value. DeFi growth was predominantly fueled by the breakthrough success of Ethereum-based projects such as Aave, Compound, and Uniswap, utilizing ERC20 stablecoins like USDC and Dai to generate yield.…
Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization
Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian economy’s exposure to the U.S. dollar amid heavy sanctions. Russia Now Has More Gold in…
Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion
Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on our platform,” said the exchange’s head of markets. Crypto Trading Volume on Switzerland’s Stock Exchange…
IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if…
Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says
The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon."
Russian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchain Pact
The technology is aimed at tracing commodity flows in near real-time.
