China Injects Billions to Help Evergrande; How Crypto Can Benefit

The Chinese Central Bank has injected 120 billion Yuan, around $19 billion, into the country’s banking system in an attempt to indirectly bail out the failing Evergrande. As reported earlier in the week, Chinese real estate corporation Evergrande is facing…

SEC Chair Gary Gensler GOES ON THE OFFENSIVE AGAINST CRYPTO, Labeling Stablecoins “Poker Chips”

In an interview with the Washington Post, Securities and Exchange Commission Chairman Gary Gensler compared stable coins to “poker chips,” a term he has previously used to describe the $2 trillion cryptocurrency industry as “the Wild West.” Furthermore, he argues…

Evergrande Crisis Puts Cryptocurrencies at Risk of Collapsing

The cryptocurrency market took a big hit on Monday morning as various assets fell drastically; with Bitcoin having fallen below $44,000 a coin and Ethereum down to around $3,000. The main culprit behind this drop is the Chinese corporation Evergrande,…

Stablecoins for Noobs

What are Stablecoins? Despite the issues around them, stablecoins are becoming a more prominent part of the cryptocurrency market. Almost every week, new stablecoin advances are announced by businesses and protocols. What are the reasons behind the boom? A stablecoin…

Phantom Wallet for Noobs

Solana is a scalable and stable decentralized blockchain that has a lot of utility in marketplaces and certain applications. At the time of this guide’s publication, Solana is the eighth largest cryptocurrency by market cap, closing in on Dogecoin. This…

BULLISH OR BEARISH? US Presidential Advisory Group to Discuss Stablecoins

The U.S. working group on financial markets is set to meet with Federal Reserve Chair Janet Yellen to examine U.S. stablecoin rules in the coming weeks. While Yellen has always expressed skepticism about cryptocurrencies, she has also recognized the potential…

El Salvador Might Issue MONUMENTAL National Stablecoin

El Faro, a Latin American digital daily newspaper, reports that the El Salvadorean government has plans to create a local cryptocurrency that users would be able to spend for services. According to the article, the brothers of the country’s president,…

GUSD for Noobs

What is GUSD? Customers may swap US dollars for cryptocurrencies such as bitcoin, Litecoin, Ether, and Zcash on the Gemini exchange. It’s also a licensed custodian, which means it may keep clients’ digital assets on their behalf. Gemini Dollar is…

Nexo: An Platform Analysis

What is Nexo? Antoni Trenchev, Georgi Shulev, and Kosta Kantchev co-founded Nexo, a European crypto loans and savings network, in 2018. Nexo users to borrow and gain interest on their cryptocurrency properties. It manages funds of more than $4 billion.…

Citigroup Says Bitcoin could become the “currency of choice” for global trade

Banking giant Citi released a new report that suggests Bitcoin could become an “international trade currency” in the future. Titled “Bitcoin: At the Tipping Point”, the report goes over Bitcoin’s history as a digital payment method to bypass banks and…