Beware The Embrace Of TradFi Firms Now Entering Crypto | ZeroHedge

Authored by Omid Malekan,

News that a bank or payment provider is doing something in crypto used to be a big deal. When I first entered crypto a decade ago, it was often the biggest deal. One of the first major spikes in the price of ETH was triggered by the launch of the Enterprise Ethereum Alliance. Never mind that the corporations who joined it only wanted a permissioned version that’d never touch Ethereum itself. Crypto was still nascent back then and we coveted any blessing from (more…)

Continue ReadingBeware The Embrace Of TradFi Firms Now Entering Crypto | ZeroHedge

Russian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese | ZeroHedge

The stablecoin sector is gaining momentum after a new Bloomberg report revealed that Russian commodities firms have adopted fiat-pegged digital currencies to execute cross-border transactions with Chinese counterparts. 

Russian commodities firms, trading anything from base metals to timber, have started using Tether Holdings Ltd.'s stablecoin to settle cross-border transactions with Chinese customers and suppliers. These settlements are being routed through Hong Kong.  (more…)

Continue ReadingRussian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese | ZeroHedge

Bitcoin: A New Hope For Innovators In Corrupt Economies | ZeroHedge

Authored by Win Ko Ko Aung via BitcoinMagazine.com,

In a world where "talent is everywhere, opportunity is not," the existing fiat monetary system perpetuates the divide between those with access and resources those without. Even in democratic societies, which have their own flaws, people generally enjoy stable currencies, freedom, and rule of law. These features create an environment rich with opportunities, where a person’s start in life doesn't have to dictate where (more…)

Continue ReadingBitcoin: A New Hope For Innovators In Corrupt Economies | ZeroHedge