As Turkish lira collapses, could Bitcoin provide an alternative store of value?

With Turkey’s national currency collapse making headlines around the world recently, and with countries such as Venezuela looking to cryptocurrencies as an alternative store of value, could Bitcoin offer a solution to market volatility?   Several experts in the blockchain space, including representatives from Ultra, qiibee, Orbs, and Kowala, have provided some insight on the current crisis in Turkey.  Cryptocurrencies such as Bitcoin could potentially offer a solution in countries where the monetary system has been negatively impacted.   Nicolas Gilot, Co-CEO of blockchain-powered gaming distribution platform Ultra says: Cryptocurrencies have…

Read More

Kowala’s kUSD Becomes First Stablecoin With Ledger Hardware Wallet Support

Dollar-pegged cryptocurrency with coin-burning and minting features to be accessible to millions of users   Nashville, TN – August 9, 2018 – Kowala, a stablecoin protocol that maintains price-pegs to fiat currencies by robotically minting and burning coin supply in accordance to user demand, announced that their flagship project, the dollar-tied “kUSD”, is the first stablecoin to win public platform support from Ledger — the world’s leader in crypto hardware wallets.     The importance of Ledger’s decision to publicly support kUSD as the first stablecoin with an app on…

Read More

Congressional Hearings: Blockchain Leaders Share Commentary on Congressional Hearings on Digital Assets.

  As reported earlier today, two U.S. Congressional Hearings on Cryptocurrencies commenced yesterday to debate the future of digital assets and cryptocurrency.  The hearings were live-streamed and viewed by many blockchain and cryptocurrency experts globally.  Guy Hirsch, US Managing Director of eToro, he believes the hearings are a “great step in the right direction.”     A number of Industry leaders have shared their takeout from the hearings:-   Deepak Jain, CEO of Swych said “The banking system has taken a century to barely cover half the world while the…

Read More

Bithumb hack emphasizes need for Security in Crypto Industry

Korean Crypto Exchange Bithumb lost more than $30 million in the most recent crypto hack, further emphasizing the need for security in the industry. With blockchain technologies, the repercussions of a hack are much greater than in traditional technology.  Bloomberg reported that Exchanges are a juicy target for hackers, with more than a billion dollars worth of cryptocurrency being stolen.     In response to the latest hack, industry leaders highlight the importance to build confidence in the industry, follow best practice, implement a regulatory framework as well as decentralise…

Read More