Writer and financial expert Brent Johnson proposed the “Dollar Milkshake Theory”. The relative power of the US dollar in the international financial system is explained by this metaphorical framework. The notion became well-known in internet forums and financial circles. Strengthening of the U.S. dollar in relation to other currencies is anticipated, under the hypothesis. A…
DePIN: What are Decentralized Physical Infrastructure Networks?
Blockchain networks that employ tokens to encourage communities—rather than corporations—to construct physical infrastructure networks—think transportation, telecoms, electric vehicle charging, etc.—from the ground up are known as Decentralized Physical Infrastructure Networks, or DePINs. Although the industry has been there for a while, the agreement on a moniker has sparked a shared belief that Web3 is finally…
On Chain Real World Assets – RWA: One of Crypto’s Biggest Potential Growth Markets
Real-world assets on-chain are thought to have the potential to be one of the driving forces behind the next bull run. It would be wonderful to have a clear, easily available ledger of the items we currently exchange within the established financial system. Which procedures show promise? And what drawbacks do tokenizing things have? There…
Stanley Druckenmiller On The Resource Curse
“Probably the best way to explain the resource curse is to take the opposite, that is, Israel. They have no resources. They have dramatically outperformed the rest of the Middle East who has all the resources” The reserve currency is an unbelievable privilege. Unfortunately, that privilege, while you have it, allows you, if you choose…
What is ZKSync And How To Be Eligible For ZKSync Airdrops
ZkSync is an Ethereum layer 2 scaling solution that enables quick, inexpensive, and safe transactions. It keeps the security and trustlessness of the Ethereum network while enabling high-throughput, low-latency interactions through the use of zero-knowledge proofs. Transactions in ZkSync are processed off-chain and then transmitted in batches to the Ethereum network, reducing congestion and transaction…
MakerDAO Invests $500 Million in Treasuries, Bonds
MakerDAO, the governing body of the Maker Protocol, has initiated steps towards a plan of reallocating $500 million of its stablecoin Dai collateral reserves into short-term United States treasuries and corporate bonds, as reported by Cointelegraph. According to Cointelegraph, the decentralised autonomous organization (DAO) voted on October 6 to permit a pilot transaction worth one…
Huobi Global To Be Bought Over By About Capital
Crypto exchange Huobi Global announced that About Capital Management (HK) Co. Ltd, a Hong Kong based-asset management firm, became the exchange’s controlling shareholder following a successful buyout deal. While the transaction of an undisclosed amount crowns About Capital as Huobi’s new controlling shareholder, the exchange stated that core operation and business management teams would have…
Reserve Bank of India Releases Concept Note on Central Bank Digital Currency
The Reserve Bank of India has on 7th October 2022 released a Concept Note on Central Bank Digital Currency (CBDC) for India. The purpose behind the issue of this Concept Note is to create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular. It explains the objectives, choices,…
Royal Family of Dubai Company Partners With Coincorner To Facilitate Bitcoin Transactions In The UAE
CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in The United Arab Emirates (UAE). “Apart from individuals, a large number of companies are ready to embrace Bitcoin and other digital currencies…
Nasdaq To Launch Institutional Bitcoin, Crypto Custody Services
The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space. The Nasdaq is seeking to offer custody services to institutions dipping their toes into cryptocurrency. The exchange has been a service provider in the market for some time, but the…
Ethereum’s big proof-of-stake blockchain switch could happen on September 15th
The Ethereum network has been on a years-long path to switch its energy-hungry proof-of-work blockchain to a more efficient proof-of-stake system, and now its developers are suggesting a date to make the switch. It’s not final yet, but on a call streamed via the Ethereum Foundation’s YouTube page, they decided to submit this pull request…
10 Years After Leaving The Corporate Rat Race
10 years ago, this day i quit the corporate rat race forever. It was not a decision taken in a huff. It was a carefully planned out strategy and I started working towards it somewhere in 2004 itself. Effectively, it’s been a 18 years long walk. And the fun has just begun. A big thanks…
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