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Delving into captivating crypto narratives, revealing breakthroughs in decentralization, and offering astute evaluations within the digital assets landscape.

Fidelity: Institutional investment in cryptocurrency likely to grow

Institutional investment in cryptocurrency is likely to increase over the next five years, according to research from Fidelity Investments. The firm surveyed 441 institutional investorsโ€”including pensions, hedge funds, and endowmentsโ€”to determine the investment outlook for bitcoin and other cryptocurrencies. Fidelity Investments is the worldโ€™s fifth-largest asset manager with $2.5 trillion in assets under management. On […]

Fidelity: Institutional investment in cryptocurrency likely to grow

Ripple signs-on third largest money transfer service to RippleNet

Ria Money Transfer, the third largest money transfer service in the world, joined RippleNetโ€”a settlement layer facilitated by Ripple which streamlines payments through improved technical and operational standardization between participating institutions. Ria Money Transfer, a subsidiary of Euronet Worldwide (a multi-billion dollar payments conglomerate), operates in 155 countries with over 377,000 locations and facilitates $40 […]

Ripple signs-on third largest money transfer service to RippleNet

Tether and Bitfinex confirm USDT is not fully backed by fiat, only 74% of tethers backed with cash

Legal representatives for Bitfinex and Tether confirm the widely held suspicion that USDT is not one-to-one backed by US dollars. Court documents confirm tethers are only 74 percent backed, and those holding tokens are โ€œsubject to the risk of default, insolvency, inability to collect, and illiquidity.โ€ Coming Untethered In February of 2019, Tether updated the […]

Tether and Bitfinex confirm USDT is not fully backed by fiat, only 74% of tethers backed with cash

Why Vitalik Buterin thinks Ethereum and DeFi will disrupt finance

Vitalik Buterin asserted that finance is likely the first sector that will be disrupted by blockchain. The advent of decentralized finance (DeFi)โ€”with projects such as MakerDAO, Augur, Uniswap, and Etheriscโ€”has the potential to disrupt the โ€œinsanely inefficientโ€ sector. Is DeFi Ethereumโ€™s Killer App? Vitalik Buterin said while delivering a talk at ETHCapeTown 2019: โ€œIf you […]

Why Vitalik Buterin thinks Ethereum and DeFi will disrupt finance