What is the economic impact of cryptocurrencies?
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession. How do cryptocurrency investments impact the broader crypto-economy?Although the cryptocurrency market appears to grow in a positive feedback loop, that does not mean that (un)expected events may not impact the trajectory of the ecosystem as a whole. Although blockchain and cryptocurrencies are fundamentally meant as ‘trustless’ technologies, trust remains key there where humans interact with one another. The cryptocurrency market is not only impacted by the broader....
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Blockchain has been named a World Economic Forum Technology Pioneer as an innovative company with the potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution. Why Blockchain? Blockchain was recognized for transforming the $13 trillion financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries. Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum, says: “Blockchain is among those companies helping to shape the Fourth....
The meteoric rise of Bitcoin and other cryptocurrencies has fascinated the financial world and beyond. However, as cryptocurrencies have grown in popularity, concerns have also been raised about their impact on the environment. The energy-intensive process of Bitcoin mining has raised concerns about its impact on carbon emissions and environmental degradation. In this in-depth article, […]
Bitcoin (BTC) may be a pioneer in the world of cryptocurrencies, but it is also quite a burden on the planet’s resources and harmful to the environment. That’s why impact tokens are becoming more prominent in the space now, with more and more portfolios boasting cryptocurrencies that support human development and sustainability with their ventures. Here are three such projects that will impact the globe in 2022. Bobcoin (BOBC) Bobcoin (BOBC) comes from Bob Eco, an electric vehicle company creating thousands of jobs and has declared war against pollution through the use of....
The meteoric rise of Bitcoin and other cryptocurrencies has fascinated the financial world and beyond. However, as cryptocurrencies have grown in popularity, concerns have also been raised about their impact on the environment. The energy-intensive process of Bitcoin mining has raised concerns about its impact on carbon emissions and environmental degradation. In this in-depth article, […]
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing interest in digital assets to face the economic crisis. Party Delegates Want to Assess Feasibility of Cryptos in the ‘Current Economic Conditions’ According to Directorio Cubano, some members of the PCC suggested that the country should make its inception into the crypto sphere as “an....