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Here’s What Gold Bugs Don’t Understand About Bitcoin, According to ARK Invest’s Cathie Wood
Superstar fund manager Cathie Wood says that gold bugs fail to understand one fundamental property of Bitcoin.
In a new interview on Yahoo! Finance, Wood tells fans of the precious metal that Bitcoin is more than a store-of-value asset.
“Many investors who have spent their careers focused on gold cannot understand the digital concept associated with gold… What we think [they’re] missing is it’s much more than just a store of value or digital gold. Bitcoin, in particular, is a new global monetary system. It’s a rules-based monetary policy, which is completely decentralized and therefore is not subject to the whims of policymakers. In fact, it’s a hedge against the whims of policymakers, especially in emerging markets.” Read More
Avalanche Integrates Wanchain’s Cross-Chain Solution To Enhance The Growth Of Its Smart Contract Ecosystem
Wanchain, a DeFi-focused blockchain interoperability platform, announced on September 7 that Avalanche has integrated its cross-chain infrastructure. According to the announcement, the move is set to enhance the growth of Decentralized Finance (DeFi) applications through cross-chain solutions.
Avalanche is among the fastest smart contract blockchain platforms; the integration with Wanchain comes as a boost to its ecosystem as more people join the DeFi space. This smart contract platform will now be able to leverage Wanchain’s innovative, decentralized, non-custodial platform within its C-chain infrastructure. Read More
Visa reportedly aims to integrate Bitcoin payments in Brazil
Visa Brazil executive outlines plans for implementing crypto-assets such as Bitcoin onto the payments platform.
In a recent interview with local Brazilian news outlet Seu Dinheiro, Eduardo Abreu, vice president of new business at payments giant Visa, revealed the company’s intentions to integrate crypto assets onto its platform for both payments and as a store of value, including the leading cryptocurrency, Bitcoin (BTC).
Back in March 2021, Visa’s CEO of Brazil, Fernando Teles, introduced the concept of adopting tokenized payments, as well as an application programming interface, or API, designed to bridge the gap between traditional financial institutions and crypto services. Read More
Conquering The 5 Biggest Hurdles Facing The Crypto Industry Right Now
To build a better alternative to the extractive big data economy, there are many challenges to overcome. Here's how to fix them.
If personal data is the new oil, then big tech firms have been extracting it by the barrelful. That’s a bad deal for consumers (who have little choice but to consent to the surveillance economy in order to use most leading products and services) as well as app developers and content creators, who are stymied in their efforts to monetize.
Web 3 promises to fix this, by establishing an open, decentralized economy built upon cryptocurrency, with every participant able to take advantage of the opportunities it presents, without being taken advantage of. Read More
DeFi (Decentralized Finance) is a term used to cover various components and activities, including Decentralized crypto Exchanges or DEXs which are at the cutting edge of DEFI. The rapidly evolving market of the DEX allows peer-to-peer cryptocurrency transactions without the need for an intermediary.
DeFi is a system by which financial products become available on a public decentralized blockchain network. That makes them open to anyone to use, rather than going through middlemen like banks, brokerages, and even centralized crypto exchanges.
Unlike the legacy financial institutions and centralized crypto exchanges (CEXs), the KYC/AML (Know Your Customer and Anti-Money Laundering) protocol. These are usually government-issued ID, Social Security number, or proof of address. They are not necessary with the DeFi protocol and are welcomed by those concerned about their privacy and who cannot access valid documents.
More specifically, DeFi operates in a decentralized environment on public and permissionless blockchains, making it possible for buyers, sellers, lenders, and borrowers to interact peer to peer and use services encoded into open-source software protocols and smart contracts rather than a company or institution facilitating a transaction. Read More
Ethair Market Is Taking on Amazon and eBay in a Move to Revolutionize the World of E-Commerce
Ethair Market is a next-generation online global marketplace where you can trade goods using fiat or cryptocurrency and earn points on every purchase. The marketplace is soon to be launched in the U.S. and Canada, with fiat payments support lined up for 43 more countries. You can earn ETHR tokens now as an early registration reward and future developments such as an NFT marketplace integration are already in the works. Read More
New blockchain infrastructure to open up two-way highway for all projects, including Ethereum
One platform attempts to commercialize blockchain technology by addressing scalability concerns.
The blockchain has experienced periods of exponential growth since the initial days of bitcoin. As a result, many businesses are quickly turning away from traditional network architecture, instead favoring blockchain-based network architecture.
Unfortunately, today’s blockchains lack the capability and efficiency to function as a versatile operating system and support the multiple applications needed in a commercial setting. Looking at the current landscape, Bitcoin, the pioneering design, offers many similarities to an application. In comparison, Ethereum continues to demonstrate many characteristics of an Operating System, such as the ability to program smart contracts and the provisions of a programming language. But, insufficient system interfaces and lack of customization in some modules suggest that limits on the commercial application of Blockchain technology still exist. Read More
More countries to follow El Salvador’s Bitcoin move, Cardano creator says
El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes.
Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American nation’s footsteps.
El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” YouTube video on Tuesday.
The Cardano founder expressed confidence that cryptocurrencies like Bitcoin are the future of money as the younger generation will inevitably trigger mass adoption of crypto. “The majority of people under the age of 25 have a positive view on cryptocurrencies, and a lot of them own them. That’s the future. Their children will grow up with those values and those beliefs about the nature of money,” he said. Read More
'SEC Will Stop at Nothing to Control Entire Crypto Space,' Says Former Federal Prosecutor
A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple Labs and its executives. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
