It seems like an obvious question but the answer is somewhat more complex than you may at first have thought. Money isn’t just the jiggle, jiggle in your piggy bank, or the folds in your pocket. There are at least 5 different types of money in an economy, often referred to as M0, M1, M2, M3, and M4. M0 — M4 refers to the type of money that is in circulation at any given time, and understanding these concepts helps to explain why the US Dollar is still in short
SINGAPORE, Dec 9, 2021 - (ACN Newswire) - Today, Moonstake is happy to announce that we support Cardano non-fungible tokens (NFTs). Starting today, users can hold, send, receive, and track their Cardano NFTs on Moonstake web and mobile wallets with the best user experience. With this new addition, Moonstake now supports NFTs of Ethereum's market-leading ERC-721 standard as well as the popular Cardano NFTs.Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web
There’s a new website the crypto community has been discussing called The NFT Bay, a web portal that operates in a similar fashion to The Pirate Bay (TPB), because the platform hosts a huge selection of NFTs stemming from various blockchain platforms for free. On Thursday, the web portal’s creator revealed a file called “The Billion Dollar Torrent,” which claims to hold all the NFTs from Ethereum and Solana. ‘The Massive NFT Heist:’ Pirate Bay Clone The NFT Bay Sparks Heated Discussions During the last year, non-fungible token (NFT) collectibles
The ex-Democratic presidential candidate against Trump, Hillary Clinton, recently picked a rather conservative stance about crypto, levying the industry as a threat to global economic stability. She spoke remotely at the Bloomberg New Economy Forum on Friday in Singapore, highlighting exclusive challenges that global governments are currently dealing with, including disinformation and artificial intelligence. Furthermore, Clinton put special emphasis on cryptocurrencies under these categories, claiming that they hold the potential to destabilize entire nations. According to Clinton, the decentralized market may take over entire economies, by starting small but gradually
There are two horses extending their leads in the inaugural Polkadot parachain auction and the deadline for the end of bidding is approaching.Sponsored Sponsored The Polkadot network’s highly anticipated parachain auctions kicked off on Nov 11 and two projects are commanding a significant lead over the rest of the pack vying for the slot. With a combined total value locked of more than $2.5 billion worth of DOT pledged, Acala and Moonbeam are close contenders for the victory for the auction ending on Nov 18.Sponsored Sponsored The winning project will
Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA. Ethereum started a fresh increase above the $4,600 and $4,700 levels. The price is now trading above $4,650 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains above the $4,800 resistance zone in the
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the
A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the
A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,
According to a press release, fast-food chain Burger King is partnering with Robinhood Crypto to give away a range of cryptocurrencies. The rewards on offer are 20 bitcoin, around $1.17 million, 200 ether $800,000, and 2 million Dogecoin ($472,000). The odds of winning a bitcoin prize, according to the release, are 100,011 to 1. Earlier, Robinhood reported a 35 percent yearly surge in its revenue. The cryptocurrencies will be given away to Burger King’s Royal Perks members. The cryptocurrencies will be given away to Burger King’s Royal Perks members, a
DragonBite is an open decentralized asset management platform for customers to store and swap all digital assets in one app. Retail customers have always been big fans of loyalty programs, not only to express their approval of a product or a service but also because of the exciting perks that come with them. The problem is, the rules of these programs are often restrictive, and their rewards are too limited resulting in slim benefits for consumers, which they cannot enjoy. Fortunately, blockchain can change all of this. Table of Contents Background
