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Banks won’t exist in ten years unless they change their business model

The issues plaguing the financial world―whether centralized finance, insurance, lending or other assets — all come back to human error. For instance, why can’t a dispensary put cash in a bank? Because of bad human judgment. These rules and regulations make zero practical sense. The blockchain ecosystem takes the human element out of the equation….

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Elon Musk lays out when Tesla will begin accepting Bitcoin payments

Musk responded to a Cointelegraph tweet about Sygnia CEO Magda Wierzycka calling for the SEC to investigate him over alleged Bitcoin price manipulation. Tesla CEO Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer of hope that the FUD surrounding…

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Canadian Bitcoin ETF adds to its holdings despite steep market correction

The Purpose Bitcoin exchange-traded fund has been reaccumulating BTC since mid-May, a sign that investors are keen to buy the dip. Demand for Bitcoin (BTC) among Canadian investors has not wavered amid the latest price correction, offering further evidence that market participants are capitalizing on heavily discounted prices.  The Purpose Bitcoin ETF, which launched in…

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How the NFT market leveraged blockchain tech for explosive growth

Nonfungible tokens present a new way of interacting with the arts, music, sports and the media — and even more. It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see…

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Crypto is the next step toward a cashless society

It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption. From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key…

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Nvidia CEO: We’re “on the cusp of” a blockchain and NFT-enabled metaverse

Nvidia’s new Voyager campus is serving as a test ground for what it will look like when then Metaverse meets the physical world. One of the most powerful men in tech thinks that the metaverse — a term for a series of interlinked, persistent virtual worlds with self-contained economies — is just around the corner. …

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Despite the fear, this on-chain proponent expects EOY Bitcoin price of $300,000

It’s coming up to two months since Bitcoin peaked at $65,000. Since then, significant dips have seen a 55% drop in price at the lowest point. For the past three weeks, BTC has formed a trading range of between $31,000 to $40,000. But the lack of strength in any upward price swings has cast doubt…

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Ethereum’s $1.5B options expiry on June 25 will be a make-or-break moment

Bulls and bears are equally nervous about the possible outcome of the June 25 $1.5 billion Ethereum options expiry. On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March’s 26 expiry, which took place as…