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As cryptocurrency works its way toward mass adoption, one of its biggest obstacles is volatility. Markets change overnight, and we’re so desensitized to it that we don’t even blink at dips that would bring national economies to their knees. Stablecoins – cryptocurrencies that are tied to existing currencies or commodities like the US dollar or gold – are fungible, easily … Read more
The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! … Read more
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 … Read more
When Fundstrat Global speaks, the crypto world listens. In recent months it has been a steady font of good news for the ecosystem, with five figure price calls to predicting a very bright future, a crypto future. Resident guru Thomas Lee more-or-less foretold the current after tax season spike in prices when many others were … Read more
Too often, we’ve made incorrect assumptions about our security. Fraudulent charges are covered by our credit card protections, while the FDIC protects our bank accounts. When the entire financial system collapsed mostly due to the subprime mortgage lending industry, we assumed we’d be okay again, and the government bailed out the banks. We should never … Read more
Cryptocurrency is notorious for its volatility, but what if there were a way to remove this constant problem? While a cryptocurrency like Bitcoin is fungible, portable, durable, tradable, and valuable, it lacks a stable value. Mom and pop stores and large firms alike have been wary of accepting Bitcoin payments because price fluctuations aren’t a gamble they … Read more