This article was first published on Cointelegraph on August 2, 2020.
The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs.
On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets. In the letter, Bitcoin was also acknowledged as “the first widely-adopted cryptocurrency.” …
…It was day # 124 of the year 2032 on Planet Earth. Humans were given an opportunity to experience yet another day. It’s been almost a year since their lives have been relying on the decisions of Master Mind — that’s how they called AI.
Today, AI looked much different from the software of 2019 that once followed humans’ rules.
The tipping point where things started evolving more drastically than people anticipated happened in 2029 when AI reached an intellect level of a human. But it didn’t stop there.
Today, in 2032, AI teaches and improves itself without human interaction…
Today, the main goal of corporations is maximizing profits for shareholders. However, earlier this week, we saw a potential signal for change.
On Monday, a business lobbying group and the voice of corporate America — that includes chief executives of 192 corporations such as Amazon’s Jeff Bezos, Nasdaq’s Adena Friedman, and Apple’s Tim Cook, and led by JPMorgan Chase CEO Jamie Dimon — redefined its (!) 40-year long goal for companies: from serving shareholders — to balancing it with serving society at large.
These goals include: 1. meeting or exceeding customer expectations; 2. providing fair compensation, training and benefits to…
It is now official. Earlier this week, the US Federal Reserve introduced its plans for building an instant clearing and settlement infrastructure called FedNow. Available 24/7, 365 days a year, the system will enable instant or near-instant money transfer in a quick, secure and efficient payment method between banks.
Currently, many payment solutions aren't linked to all the banks in the United States. Since the Federal Reserve is already connected to them (approximately 10,000), it can create universal access to faster payments for any financial services institution.
It is hard to overstate the importance of this announcement for the efforts…
Yesterday, August 31st, the Federal Reserve lowered the interest rate for the first time since 2008. This measure is usually undertaken in order to help boost the economy, as it stimulates the purchasing power. This leads to more spendings/ investments by individuals as well as companies that use this opportunity to grow their businesses.
Could this be a sign of a weakening economy? Currently, we are seeing the economic slowdown in many countries.
And if so — could this slowdown serve as a nurturing platform for transforming the traditional monetary system and expanding the power of the digital financial system…
Intro
Nearly all markets at some point go through a bubble. But not all bubbles are the same, and some of them tend to get more attention due to various events, hype or the level of a potential impact on the global economy.
Just for a perspective, at some point of their development, the following stocks had a significant drop in value: GOPRO (GoPro): -95%, FIT (FitBit): -92%; LC (LendingClub): -91%; SNAP (most known as a creator of Snapchat): -83%; ZNGA (Zynga): -77%; TWTR (Twitter): -63%; SPOT (Spotify): -48%; DOCU (Docusign): -45%; FB (Facebook): -42%.
Perhaps the most conspicuous analogy of…
Here are 5 blockchain sector movements to help you strategize your investment framework in 2019.
#1 An increasing maturity level within blockchain development and adoption
According to Deloitte’s Global Blockchain Survey, 40% of Deloitte’s Global Blockchain Survey respondents reported that their organization will invest $5 million or more in blockchain initiatives in 2019. Traditional companies realize that blockchain technology can help disrupt current inefficient systems by optimizing their internal processes through blockchain’s reliability, speed, and transparency features. Thus, more traditional businesses will start working with this technology and the companies that offer blockchain solutions.
What does this mean? This trend will increase the number of partnerships between traditional and blockchain companies. In turn, it will bring blockchain further to the mainstream awareness and adoption, as…
Since the announcement of bitcoin in 2009, we’ve seen a veritable explosion of interest in the blockchain space. Many terms and news have been flung from relative obscurity to the forefront of innumerable magazines.
We’ve seen the first ICO conducted by Mastercoin in 2013, the collapse of the Japan-based then most voluminous bitcoin exchange My Gox in 2014, the launch of Ethereum with its smart contract functionality in 2015, the $75m fundraise by Coinbase in 2015, an announcement of an IBM partnership with major European banks to develop a blockchain-based trade finance platform in 2017, and a warn of an…
Lately, there has been an overwhelming amount of focus on one facet of cryptocurrencies, in particular — that of cryptocurrency ETFs. Anyone closely following the subject will know that the cryptocurrency community and the US Securities and Exchange Commission have been embroiled in a discussion over whether cryptocurrency ETFs are suitable forms of financial instruments.
Moreover, the SEC has faced some struggles in keeping crypto ETFs off the table, with one of the SEC’s high-profile commissioners publishing a formal dissent. The commissioner — Hester M. Peirce — made it plain that she disagreed with her colleagues’ decision not to approve…
Let the power of your love change the world, but never let the problems of this world change the beauty of your love - Debasish Mridha
We all have an innate ability to feel love — a feeling of attachment and affection, so strong that it makes the world go around. This enigmatic emotion empowers us to accomplish the impossible tasks, to exceed all the boundaries and gives a potential for changing the lives of others.
When we open our heart to love, it fills us with a sense of connection, belonging and kindness, a sense of responsibility and compassion.
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