Tokenizing money is the ‘greatest innovation’ after fiat — Tether co-founder

The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the majority of the consumers to continue using digital services even in the future.In order to support the digitalization, the ECB has…

The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9.The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed…

DeFi protocols have seen significant growth in total value locked in January 2023, with Lido Finance leading the charge. 143 Total views 6 Total shares Own this piece of history Collect this article as an NFTDecentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January 2023. The market…

Crypto and taxes hardly go together like cream and sugar. Yet every crypto investor or business these days faces them. For many, starting with the United States Internal Revenue Service’s launch of the “it’s property, not currency” mantra in 2014, it has been six long years of trying to comply. However, there are plenty of…

CEO Dan Schulman said last week the company would add crypto buying, selling, and custody features to "Venmo and select international markets" in 2021. 2256 Total views 21 Total shares Residents of the United Kingdom will be the first people outside of the U.S. who are able to use PayPal for buying and selling crypto. According…

Bitcoin (BTC) use for commercial payments has reduced significantly this year, according to a study by Chainalysis cited by Reuters Nov. 20.To prepare the study, Chainalysis reportedly surveyed 17 Bitcoin payment processors. The amount of BTC handled by major payment processors reportedly dropped by almost 80 percent from the beginning of the year to September.The…

The United States Consumer Price Index soared to 9.1% in June, exceeding expectations of an 8.8% rise year-on-year. Currently, the Fed funds futures point to an 81 basis points rate hike for July, suggesting that some participants anticipate a 100 basis points hike.Several on-chain indicators have been pointing to a likely bottom in Bitcoin (BTC)…

Canadian investment fund manager 3iQ hopes to attract Canadian retail investors with its regulated, publicly-traded Bitcoin (BTC) fund. In a press release on Nov. 28, 3iQ announced that it had filed a preliminary prospectus for its close-end Bitcoin fund, which is expected to be available on the Toronto Stock Exchange later this year. 3iQ chief executive…