It is an alternative currency, just like your debit card, which is backed by the cash you have in your banking account. Cryptocurrencies are not like your credit card or any of the other 180 decentralized currencies under the control of the United Nations, whose currencies are backed by a central bank, whereas the U.S. dollar is backed by the “Full faith and credit” of the U.S. government. Cryptocurrencies are maintained, and the value of […]
The 25th day of December 2021 was remarkable in the world of cryptocurrency as it saw Crypto.com, a crypto-trading platform, pay over $700 million for the right to be a stadium’s official name. On that day, The Staples Center, a building in downtown Los Angeles and home venue of the Lakers and Clippers for 22 years, changed its name to Crypto.com Arena in a deal believed to be the biggest venue naming rights deal ever. […]
We caught up with Dwight Jones, a serial crypto investor from Las Vegas, Nevada. Mr. Jones was one of the visionaries in this space. He saw the value of bitcoin back in 2009 as an alternative to money or fiat in the world of currency. Wow! He was, of course, spot-on in the decision to take action. At the time, bitcoin was a mere $450.00 per coin and Mr. Jones acquired 20 coins despite the […]
According to a report by Mode Banking, a Bitcoin banking app, Gen-X is the one at the forefront of Crypto investments. The report states that Bitcoin investments have been doubling every month since February 2020 among Boomers and Gen-X, indicating wider crypto adoption. Typically, we expect new technology to have an adverse impact on the older generations. So why does Crypto, which is a relatively newer industry, gain such traction from people in their golden […]
In the previous blog, we looked at the possibility of Multinationals coming together and forming one currency or their own currencies. The fact is, the idea is far from being unreasonable. In fact, some companies have already created their own currencies and a good case is Facebook and JP Morgan. In this article, we continue to explore more possibilities, the future of cryptocurrencies, and their place in the global marketplace. Bluebelt was among the first […]
