Bitcoin developer Blockstream Corp. is betting that the world’s most valuable cryptocurrency is poised for a massive rebound, and is buying up Bitcoin mining rigs so that it can sell them for a profit later should the prediction hold. Montreal-based Blockstream was one of the earliest Bitcoin infrastructure companies, conceived in 2014 by CEO and … Read more
The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture. The Digital Dollar Project’s objective is to conduct research and explore possibilities of Central Bank Digital Currency (CBDC) in the US. CBDCs would be backed by the Federal Reserve, making them more … Read more
In the wide expanse of the digital financial universe, cryptocurrencies shine as pioneering assets, challenging the traditional framework of economics and ushering a shift in financial transactions. They are the vanguard of financial innovation, democratizing monetary power through decentralization, and introducing an unprecedented level of transparency and security via blockchain technology. However, the world of … Read more
Proponents of de-dollarization might resent America’s exorbitant privilege all they want. But what can they do about it? Analysts usually trace the U.S. currency’s hegemony to its outsized use in international commerce. Even a decade after China eclipsed the U.S. as the world’s largest goods-trading nation, that dominance doesn’t appear to be fading. The much-awaited … Read more