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This year has been tough for many companies in the crypto market. Some have collapsed altogether, others have fired a huge number of employees to keep their heads above water and some are going all in on crypto. It’s no secret that in 2022 the price of bitcoin and other cryptocurrencies have been tumbling, and […]
The post The year your great-grandpa bought bitcoin first appeared on Daily Fintech.
Fast forward to 2140, when all 21 bitcoins are in circulation, what will happen to the network? Will miners continue to secure the network when the reward goes away? The Bitcoin network was created around the principle of controlled supply —only a specific number of Bitcoins are minted each year until the total number of […]
The post Bitcoin can make the world green first appeared on Daily Fintech.
A week ago, Nayib Bukele opened his speech at United Nations General Assembly, saying: “I bring you greetings from the land of surf, volcanoes, coffee, peace, Bitcoin, and freedom.” Last year, El Salvador became the first country in the world to adopt Bitcoin as a legal tender. During this time there has been no shortage […]
The post The sole of money is trust first appeared on Daily Fintech.
Crypto has had a turbulent year from an investment standpoint. In May, the market collapsed, with extremely volatile trends and Bitcoin dropping into the teens. However, widespread retail adoption of crypto payments is already happening with big brands and SMEs joining. Gucci, Balenciaga, Alo Yoga, and Tag Heuer are some of the brands that have announced […]
The post Merchants hold the keys to crypto’s next big step first appeared on Daily Fintech.
Society is becoming digital and we are on our way to becoming a multiplanetary species, that vacations and lives on other planets. “A lot has changed in the past three hundred years. People are no longer obsessed with the accumulation of things …the economics of the future are somewhat different. You see, money doesn’t exist […]
Last week the EU reached an agreement on its Markets in Cryptoassets (MiCA) directive, delivering a single rule book across 27 countries and bringing years of debate on how to regulate the digital-asset industry to an informal close. As the final step, it still needs to be approved by the Council and the European Parliament. […]
In January 2000, global financial markets were on the verge of a meltdown that was expected to destroy both the reputations of investors and the riches of day traders, that invested in companies and tech stocks that weren’t generating any revenue. The “dotcom” crash caused a stock market meltdown. Between 1995 and 2000, Nasdaq climbed […]
The post Bitcoin crash: A new beginning appeared first on Daily Fintech.
This week, the value of bitcoin and other cryptocurrencies has plummeted with billions of dollars lost. The crash is hitting investors all over the world and the rapid declines wiped out two years of financial gains overnight. Some attribute this to inflation, rising interest rates, and the Ukraine conflict. I believe it is a combination of things, that […]
The post Why Bitcoin Still Matters appeared first on Daily Fintech.
Disruptive innovation such as Bitcoin is usually bottom up, with initial traction from people who are not concerned with legality. However for Bitcoin to become mainstream it does require some top down legislation; most people are concerned with legality. El Salvador and other jurisdictions making Bitcoin legal tender are giving the people some legal certainty. […]
The post Part 5. Bottom up innovation protected by top down legislation appeared first on Daily Fintech.
It looks like Christine Lagarde, the President of the European Central Bank, has lost her sleep and is having nightmares over crypto. On a recent episode of the Dutch television show “College Tour,” when speaking about cryptocurrencies Lagarde said that “my very humble assessment is that it’s worth nothing”, and continued “it’s based on nothing, […]
The post Crypto assets are worth nothing… and then she woke up appeared first on Daily Fintech.