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New York University economics professor and arch crypto-skeptic Nouriel Roubini has hatched an ingenious solution to the financial crisis brought about by the coronavirus pandemic – and it involves commodifying toilet paper. In a tongue-in-cheek tweet, Roubini floated a plan that sounded not too far away from tokenization. He was responding...
A trust-gauging non-profitable organization says it has found that cryptocurrency-related scams are the second riskiest type of fraud in North America – second only to employment-related stings. Per a report from the Better Business Bureau (BBB), an organization that says it provides information to Americans and Canadians about the trustworthiness...
EU regulation is catching up with crypto. Once an anarchic domain where only code was law, cryptocurrency's rise to international notoriety has meant that the world's legislators have been busy over the past few years creating a framework that just might tame crypto. The EU's 5th Anti-Money Laundering Directive (AMLD5)...
Andrew Yang emerged as a popular presidential candidate in the crypto community after making several very clear crypto-positive statements in several interviews. On February 11, however, Yang dropped out of the presidential race, leaving somewhat of a void for another potential “crypto candidate.” In this article, we will introduce you...
The world may be on the verge of large-scale adoption of “private money” such as Facebook’s Libra, a major investment bank predicts, although there are still hurdles to overcome before the vision can become reality. According to the JPMorgan Perspectives report, released this past weekend by the major investment bank...
Japanese finance minister Taro Aso has told G20 central bank governors and finance ministers to delay their digital currency plans, claiming that most countries are not ready to issue digital fiats – including China. Bloomberg Japan reports that Aso warned counterparts at a recent G20 summit of finance chiefs, held...
The price of bitcoin (BTC) sits at a pivotal point where major support is found below it, and strong resistance above it, new research from blockchain analytics firm Into The Block suggests. In a Twitter thread, the company, which uses machine learning and advanced statistics in analyzing the market, shared...
The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of bitcoin (BTC)-holding customers out of pocket. Per Bloomberg, the hedge fund has made its decision “in...
One of our journalist at Scoopnix recently caught up with The Director at Wolfs Group Mr. Hubert Forytta. Wolfs Group is one of the most aspiring projects of 2019-2020. In the conversation, they exchanged some simple but important thoughts on blockchain industry. Have a look at some key questions...
We have been reporting for a while now about the massive growth the DeFi (decentralized finance) ecosystem is experiencing, and today, the Cryptoverse saw another major milestone reached - total value locked in DeFi surpassed USD 1 billion, before dropping below this threshold again. The total value locked (TVL) has...