New York City Will Welcome Your Cash With Open Arms

Running a physical business is always a complex undertaking. Especially in New York City, now that cashless payments have been banned completely.  This news is rather surprising, as it has seemingly come out of the blue. Cash Remains King in New York City A legislative proposal to for businesses to accept cash was introduced a … Read more

More Than 77 Crypto Projects Claim to Be Backed by Physical Gold

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading … Read more

Japan may Explore a CBDC but the Rumors are Contradictory

Japan has positioned itself as an interesting region for cryptocurrency activity. This also means that the country may be issuing its own digital currency in the near future.  For now, there are nothing more than actual. Does Japan Even Need a CBDC? However, several domestic reports indicate that a CBDC in Japan may come sooner … Read more

Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises

The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week, the firm’s bitcoin options volume more than doubled with 122 … Read more

Developer Proposes Decentralized Bitcoin Hashrate Derivatives

There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Powswap Where … Read more