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In November of 2020, it was reported that payments company Circle has been working with the United States government to develop a reliable method to provide foreign aid to Venezuela in a way that bypasses the Nicolás Maduro government and directly supports the country’s population. Their chosen method? Through stablecoins. In this article, we cover the American logistics of how the US uses stablecoins

As Bitcoin (BTC) sits near its all-time high alongside many crypto assets, global focus is being placed on its value as a tradable store of wealth that has immense value to any individual’s portfolio. While this is one key component of BTC’s value and many digital assets’, alternative uses are flourishing in nations across Africa. A region plagued with misfortune and underdeveloped infrastructure

The 2020 presidential run was certainly one for the history books. Surrounded by the rising threat of a global pandemic, economic meltdown and election fraud accusations, the past year was a callous one to handle in the world of politics. Yet, regardless of political positions and the openly disputed authenticity of results, the next four years have begun; Joe Biden has been sworn

Grayscale, established in 2013 and based in New York, is the largest digital asset manager with $23.3 billion AUM as of 5th January 2021. Offering a set of digital asset trusts, such as the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE), they provide the infrastructure for traditional investors and institutions to easily invest into digital assets. GBTC alone has seen

In 2020, bitcoin experienced a tremendous rise in interest from corporations, entrepreneurial personalities and institutional investors. Twitter’s Square Inc. acquired US$50 million in bitcoin for its capability of “economic empowerment”, software developer MicroStrategy purchased over US$1 billion of the crypto and established firms like MassMutual which acquired US$100 million of the digital currency in December. There are currently several adoption examples of the

Decentralized Finance (DeFi), a new field applying blockchain technology to the financial industry, is reshaping the existing structure of the financial system and creating new approaches towards the future of finance.  This article provides a deep understanding of how DeFi makes traditional financial markets more resilient, improves financial inclusion, boosts innovations to traditional financial services, and whether regulators could set new legal frameworks for

Central bank interest rates have been present in human civilization for centuries, with the oldest known example in ancient Babylonian society around 2000BC. The moneylender profession was admirable in this time, with interest rates of 25% being commonplace, particularly if precious metals such as gold or silver were on the table. Although, operations were typically small scale and privately run with very few

In the broad context of asset classes, cryptocurrencies and digital assets are a relatively recent addition, with the Bitcoin whitepaper released in October of 2008. Many financial commentators argue that Bitcoin’s disruptive frameworks and attachment to digital modernity is what drove millennials to adopt the cryptocurrency initially. Even though we have recently seen broader adoption by our high net worth baby boomer and

In March 2020, the Bitcoin (BTC) price took a dive, dropping almost 50% in just a few days. Since then, the cryptocurrency has seen a supply shock unlike any before it. A surge in demand by both retail and institutional investors was expected due to the price discount and increasing faith in the asset’s utility. However, the main driving factor was the increase

Originally published on Capitalist Exploits on November 27, 2020. Imagine a world where you can loan money, access credit markets, trade both financial and non-financial assets, margin trade or even invest in a managed fund, all without financial institutions acting as intermediaries. Instantly and globally. How? Through Decentralised Finance. Decentralised Finance (DeFi) is an ecosystem of financial services, facilitated through the use of smart contracts deployed on