For anyone reading the tea leaves, there were more ominous signs over the weekend that the bear market is far from over. On Sunday, FT.com published an article where the Bank for International Settlements or BIS which is “the bank for the world’s central banks”. The BIS issued a warning in its annual report that […]
Read More More ominous signs over the weekendHappy Juneteenth to the readers in the U.S.! Over the weekend crypto markets had Twitter in a frenzy amongst traders and investors. $BTC declined 14% in overnight trading from Friday night into Saturday morning, kicking off a tumultuous and volatile weekend for traders as the price of $BTC declined to as low as $17,500 on […]
Read More Weekend Jitters for cryptoA simple and naive definition of Stablecoins is defined as cryptocurrencies whose value is pegged to an asset such as the US Dollar. However, stablecoins are much more complex than meets the eye. I would argue that stablecoins are much more than cryptocurrencies, these special-purpose tokens are more akin to NeoBanks. Not All Stablecoins are […]
Read More Stablecoins are Neo Banks