How Can Cryptocurrency Reshape the Global Economy?
It all started with Bitcoin, first introduced as a white paper in 2009 as Peer-to-Peer Electronic Cash System. Since then, various types of digital currencies have been added, with the market cap reaching $ 2.65 trillion. Niche group of investors profited from the mysterious blockchain technology since the cryptocurrency was least common to individual investors over the globe. In 2014, companies such as Overstock accepted Bitcoin as one of the payment methods against online purchases. The same is followed by famous companies such as Master Card, Pavilion Hotels, AXA Insurance, Starbucks, Visa, and PayPal. Very recently, in March 2021, JP Morgan came out with a cryptocurrency exposure basket containing 11 unequally weighted reference stocks. Further, in May 2021, Goldman Sachs endorsed it as a new asset class. Many investors see cryptocurrency as an inflation hedge.
Decentralized Finance (Defi)Meaning,Working,Advantages & Disadvantages
The world of technology has provided many innovations and has changed the face of many industries drastically. The innovations in the financial sector have bridged the gap that was present in the traditional banking system. The system of Decentralized Finance is one of the many innovations in the financial and banking sector and functions by removing any intermediaries. The meaning of Decentralized Finance and its related details are mentioned hereunder.
Should I pull my money out of the bank? What to know about bank failures
Is my money safe? That's the question on many bank customers' minds after the stunning failures of Silicon Valley Bank and Signature Bank in the past week, along with the current problems at Credit Suisse - though the Swiss bank's issues are very different from what took down the two US regional banks.
Why did Silicon Valley Bank fail and is a financial crisis next?
Why did SVB collapse? As SVB’s name suggests, the bank’s business focused heavily on US technology startups. During the COVID-19 pandemic, the lender saw a surge in deposits as tech companies profited from providing entertainment and delivery services to people confined to their homes.
Scientists Find a Never-Seen-Before Protein Structure in a Virus
Researchers at the SLAC National Accelerator Laboratory in California have for the first time spotted a gene that could provide insights into the interactions that occur between organisms in the soil and why viruses carry genes that are not essential for their survival, Phys.org reported.
A New Material Mimics Real Blood Vessels So Well it Could Drastically Change Lives
A team of scientists led by the University of Sydney created a new technology that enables the manufacturing of materials that mimic the structure of living blood vessels. This could change the future of certain surgeries and of many people's lives.
Award-Winning — Plastic-Eating Robo-fish is Finally Here to Rid our Waters of Waste
A robot fish that filters microplastics has been created after winning a robotics contest at the University of Surrey. Researchers in robotics make the "robo-fish" concept a reality, according to a press release published by the University on Thursday.