When it comes to Bitcoin, the main barrier to mainstream use is the volatile price. Microsoft started accepting Bitcoin, then stopped, and then welcomed it back. Bitcoin, which was intended to solve the currency inflation problem, has rather turned into a means of storing value. It’s too precious and too unpredictable for real-world usage. The crypto community has tried to address this problem with stablecoins. Recently, GV (formerly Google Ventures), Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz, and Sky Capital invested $133 million in Basis, a startup that created a cryptocurrency with a stable, predictable value. Basis tackles the volatility problem by creating morePowered by WPeMatico
It is estimated that the digital asset market, which consists of currencies like Bitcoin, Ethereum, and Litecoin, will grow to a staggering US$5 trillion by 2058. This domain has been growing steadily and has drawn interest from a plethora of investors, miners, and entrepreneurs in just two to three years. Even though blockchain technology has yet to gain widespread acceptance, this sector is projected to reach an even higher overall market capitalization as that happens. Nexo is an all-new blockchain-driven platform that aims to provide interested users with instant crypto-backed loans. As things stand today, there are no ways for digital asset owners to
Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be […]