2020 has provided the incentive to rethink our approach to money
A terrible year has still presented a unique opportunity to rethink how money is managed and used in our society. 2020 has been a year of upheaval throughout the world. Overshadowed by the COVID-19 pandemic, the events of this year brought forth new challenges no one was prepared for, upending the way we live, work, and transact. Early this year, global financial markets took a severe hit as stocks, commodities and even cryptocurrency prices fell. Against the backdrop of economic uncertainty and the declining value of the U.S. dollar, crypto assets are moving higher up the radar screens of....
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Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs.
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the US dollar, other currencies like the Euro, the Japanese and the British pound act as settlement currencies in global trade. Still, the US dollar dominates when it comes to its status as the world’s reserve currency. However,....
Amongst the DeFi mania, there’s still love for masternodes in 2020 2020 is shaping up to be the “year of DeFi”. Staking, liquidity providing, and bonding curves have all taken center stage as ways to earn money, but the Masternode, one of the earliest incentive mechanisms offered within the cryptocurrency space, has remained a popular source of income and recent events go to prove it. Masternodes propose a solution to increasing costs and technical complications […]
The week in DeFi saw European lawmakers write a new chapter on DeFi, Virginia county plans to put its pension fun in a DeFi yield, DeFi protocols lost $1.6 billion to exploits and more The past week in the decentralized finance (DeFi) ecosystem saw many new developments from an adoption perspective and protocol developments. The European Commission added a new chapter on DeFi, showing the growing impact of the nascent ecosystem, while a county in the United States State of Virginia wants to put its pension fund in a DeFi yield.DeFi exploits became the center of attention again as recent....
Michael Nielsen is a respected scientist with a knack for explaining abstruse technical stuff and the author of a textbook on quantum computing. In an excellent technical essay, required reading for those who want to understand Bitcoin in-depth, Nielsen explains just how and why Bitcoin works: "For [the blockchain] to have any chance of succeeding, network users need an incentive to help validate transactions. Without such an incentive, they have no reason to expend valuable computational power, merely to help validate other people's transactions. And if network users are not willing to....