The decision on the part of El Salvador president Nayib Bukele to make Bitcoin legal tender back in September 2021 may have been controversial to some people, both in that nation and the world at large. But in my opinion Bukele was correct to defend Bitcoin, especially during that time. He has recently gone on [...]
Decentralized finance has long been viewed as an avenue for the world’s two billion unbanked people to access a financial system and consummate transactions securely. To illustrate the point the website Cointelegraph in May 2022 related the tale of a man identified only as Jorge, who lives in the Southern African nation of Mozambique. According [...]
The tailwinds continue to gather behind cryptocurrencies, propelling the sector forward and scattering it in a thousand different directions. Non-fungible tokens, anyone? What of Web 3.0? And besides its ongoing disruption of the financial space, is it not possible that at some point in the not-too-distant future other nations will follow El Salvador’s lead and [...]
When Bitcoin slid from a record-high valuation of $69,000 in November 2021 to under $33,000 in January 2022, there was genuine concern in the cryptocurrency community that it was an indication that dire things were ahead. In the parlance, there were those who wondered aloud whether a “crypto winter” was at hand. David Marcus, former [...]
When Bitcoin plunged from its all-time high of $68,950 in November 2021 to under $33,000 in January 2022, analysts raised concerns that a “Crypto Winter” was at hand, that cryptocurrencies in general and the world’s most popular crypto in particular were headed toward a deep freeze. Analysts quickly revised that prediction, however, and by late [...]
In the wake of some troubling cyberattacks and scams inflicted upon the decentralized finance sector in 2021, questions were raised about the necessity of DeFi regulation, questions that were addressed in part when the Global Blockchain Business Council rolled out the first edition of the International Journal of Blockchain Law in November of that year. [...]
The general-purpose blockchain Ethereum turned five on July 30. And while it is certainly doing far more than merely toddling about, there is every expectation that it will find its footing in a number of different sectors in the years ahead. Alternately billed as “the world computer” and “the foundational platform for everything” when it [...]
Too much, too soon? That is the question hovering over decentralized finance, which in 2020 is having a moment … and then some. Before the coronavirus pandemic hit the U.S. in January, it was a $1 billion business. By July, some $4 billion was tied up in DeFi, and the only thing matching its momentum [...]