Look up “hyperinflation” in the dictionary, and you’ll probably find a picture of Zimbabwe’s 100 trillion dollar bill. The country has become an unfortunate poster for economic mismanagement, but one project, Zimbocash, is seeking to heal Zimbabwe’s economic woes with a token on the TRON blockchain.
Bitcoin continues to set new records for dominance, as altcoins fall behind. On Thursday, BTC eked out a slight 0.37% price gain over the day before. But most altcoins continued the trend of two-to-three percent daily losses – which means that Bitcoin is now at 71% dominance.
Binance USD (BUSD) – a stablecoin from the world’s largest crypto exchange – has been approved by the New York State Department of Financial Services (NYDFS), which has historically taken a hard line against cryptocurrency companies.
The new stablecoin has been developed by the team behind Paxos and will be used within the Binance ecosystem to “unlock more financial services”, according to Binance CEO, Changpeng Zhao.
Basic Attention Token is still showing few signs of recovery as the cryptocurrency languishes towards its lowest trading level since March this year.
Propy, a blockchain-based real estate platform, has announced a partnership with one of the leading escrow providers in Japan. In collaboration with Escrow Agent Japan, Propy will launch a blockchain-based real estate transaction platform to record sales with Japan’s Legal Affairs Bureau. This will remove the existing time lag for registration, fulfilling Propy’s promise of “24-hour, 365 days closing.”
Offchain Labs, a New Jersey-based project developing a scaling solution for permissionless blockchains, has announced the successful Alpha release of its Arbitrum code. The company claims that the new system is capable of supporting more than 500 transactions per second, making it many times faster than Ethereum.
The team behind NEO has released a suite of new tools ahead of the launch of NEO 3.0, which are expected to make it easier to build on the blockchain and encourage more developers to use the platform.
Social impact investing isn’t just for bleeding hearts anymore. Investing in companies with strong environmental, social, and governance (ESG) credentials has grown from an idealistic niche to a highly profitable investment strategy.
A number of studies and data points suggest that an ESG investment portfolio tends to outperform one that gives scant regard to corporate ethics, environmental sustainability, and social impact.
Taxes are never popular, but in the U.S., paying for crypto gains is like solving a Rubik’s Cube without touching it. While blindfolded. You might have correctly filed your obligations, but there’s no knowing until the tax authority explains exactly what those obligations are.
The cryptocurrency market reined in its excitement today, with a noticeable correction from yesterday’s market-wide rally. Bitcoin lost 200 points but is continuing to maintain its strong market dominance at 70.50%.
Altcoins are suffering, with notable losers including BNB(-4%), LINK(-4.84%) and ATOM(-6.66%), while the rest of the top-50 show losses between one and three percent.
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