Connect with us

Blockchain

Will a Collapsing U.S Dollar Lead to Massive Cryptocurrency Adoption?

The human being cannot live within the restriction. People have to depend on each other’s and have to exchange necessary items to fulfill the demand of life. Once upon a…

The post Will a Collapsing U.S Dollar Lead to Massive Cryptocurrency Adoption? appeared first on Latest Cryptocurrency Market News & Analysis – CryptoZink.

Republished by Plato

Published

on

The human being cannot live within the restriction. People have to depend on each other’s and have to exchange necessary items to fulfill the demand of life. Once upon a time, people would exchange goods with other goods. Over time, Dollar has been the main element of exchanging any goods.

The expert expects that in the fourth industrial revolution, cryptocurrency adoption throughout the globe is imminent. The transaction of the cryptocurrency has been easier day after day. In the fourth industrial revolution, the transaction of the cryptocurrency will be through blockchain.

Experts speculated that the collapsing United States dollar will lead to massive cryptocurrency adoption. Lately, the word “Blockchain” has been buzz words. The transactions have been easier with the help of blockchain.

The World Economic Forums predicts blockchain will store nearly 10% of GDP in Blockchain-related technology. Those involved in financial circulation, they are aware enough about blockchain. Yet, there are confusions among a number of experts about what is going to happen.

Blockchain is going to happen as the mainstream of business. Normally the decentralized platform is used to exchange the information through the internet. But at the time of changing money, we are adopting the centralized old fashioned banking system.

At present, the system of blockchain technology emerging and spreading quickly. With the implementation of blockchain technology, the middle man like a bank uprooting is on the horizon.

Weaken United States dollar lead to massive cryptocurrency adoption

In a world crisis, the United States dollar is being devalued rapidly. Consequently, investors will flock en mass to digital currency. But It is tough to assign the true value for reserving currency. The value of cryptocurrencies is high in the emerging market. These are easily transferable through participation.

Lately, it is noticeable that the cryptocurrencies have been authentic for the next global reserve currencies. It is also noticeable that the price of crypto and Bitcoin fluctuates too much.

The concern is also that crypto has enough flexibility to settle global contact. For the next reserve currency, it is important to support mainstream use and mass adoption.

Cryptocurrencies are used and run by private companies. Whereas traditional reserve companies are run by an international organization.

The benefit of creating a reserve currency

Because of cryptocurrency, the difference between the statuses will be noticeable too much. It will grow the financial inequity too fast. At present, the United States dollar will be collapsed as the world condition is being deteriorating day after day. A large portion of the financial experts is adopting cryptocurrency massively.

Lead to massive cryptocurrency adoption

Since 2009, the popularity of BTC is going up. Likewise, the rate of cryptocurrency is started fluctuation knowing no bounds. Mass adoption of crypto-currencies has been adopted with giant retailers and investors.

Normally mass adoption stands for the store of value. Mass adoption is related to the categories of mass awareness. In the U.S, the majority of people know the fluctuation of Bit-coin. In the first steps, the value of the bitcoin was too less. But after a definite period, its rate has been changed dramatically.

Furthermore, after a collapsed the United States Dollar, many financiers will make the transition to help advance cryptocurrency adoption. Especially it is going to happen because of the present financial condition. According to the expert, the possibilities are more to take massive cryptocurrency adoption.

As the electronic ledger system has been easier and faster because of the electronic ledger system,The possibilities are more to adopt crypto-currency after collapsing the United States dollar.

Much financial institution is depending on the adoption of the crypto-currency. The expert predicts that a massive revolution will occur in the economical worlds in no time. Day after day, the electronic transaction will go to be easier and faster with the help of block-chain. Consequently, the adoption of crypto-currency is being easier.

Nowadays, it is proven that the traditional financial industry is facing a challenge widely. The central bank of the world is not out of the challenge. Many guys have started to avoid the financial banking system and adopt the crypto-currency.

Likewise, the financial situation of the United States is facing the same problems with the present financial condition. The expert in the world is adopting the crypto-currency massively. It is the prediction of the world expert is that the remarkable chance will occur in no time.

Blockchain as a system

Blockchain is an electronic ledger system. It can be the medium of exchanging goods, property, votes, works or money. This chain is highly powerful. Digital signature is used to authenticate transaction.

The idea of block chain comes together in the form of Bitcoin in 2009. Initially it was slow enough.
But gradually the number of transaction has been going up as both large corporation and small entrepreneur takes this. The emerged technology behind transaction lessens the reconciliation and intermediary cost. It also brings the revolution in the fields of Blockchains.

The effect of the block chain in the realm of communication and transaction is great. It is going to bring revolutionary change in the financial sectors. The system of block chain offers transparent and trusted transaction.

The blockchain has updated and makes easy the transaction. It has innovated the ways to invest data and computative tools. It has also opened the new phrase in the world of transaction and communication.

Now, Global trend has helped to use the potential powerful technology. In the world of digitalization and Global economy, the blockchain technology will keep the wide contribution in the fourth industrial revolution.

Developments in computer processing

In the computerized world, the block chain program has facilitated the networking system of transaction. It has been launched but it is noteworthy that the block chain technology is trendy and in eminent future, the block chain application will bring revolutionary change in the economical world.

Block (chain) for a faster and better world

Blockchain is an emerging and advanced technology. By using this technology, one can transact without the help of central certifying technology. It also makes the planet faster and better world.

It is too effective for building sustainable future. When transaction happens, there may have much environmental challenge. By using the block chain strategy, one can make these faster.

Blockchain & Cryptocurrency adoption challenges

However, based on the Global environmental issue, there are many barriers to use the blockchain technology. It’s complicated to main stream adoption today. However, it’s natural to face significant barriers in order to solve the adoption challenge. Blockchain technology can definitely help.

The post Will a Collapsing U.S Dollar Lead to Massive Cryptocurrency Adoption? appeared first on Latest Cryptocurrency Market News & Analysis – CryptoZink.

Source: https://www.cryptozink.io/will-a-collapsing-u-s-dollar-lead-to-massive-cryptocurrency-adoption/

Blockchain

Ripple’s Garlinghouse to File Dismissal Motion Against the SEC Lawsuit Over XRP Sales

Republished by Plato

Published

on

Ripple’s Garlinghouse to File Dismissal Motion Against the SEC Lawsuit Over XRP Sales

Advertisement &  & 

The CEO of Ripple, Brad Garlinghouse is filing for a motion to dismiss the SEC lawsuit against himself and Ripple. This is according to a copy of a letter written by Garlinghouse’s lawyer stating that he intends to file a dismissal motion for the case.

The letter claims that the case was nothing but a regulatory overreach as the company’s sale of XRP did not involve any contract and the proceeds were not pooled with other buyers in a common enterprise. Its price also fluctuates in line with other digital assets such as Bitcoin and Ethereum.

“But Mr. Garlinghouse’s XRP sales involved no contract of any kind with the buyers, as his sales were done anonymously over an exchange. Nor were the proceeds of Mr. Garlinghouse’s sales pooled with other buyers in a common enterprise. And XRP’s value historically has not been correlated with Ripple’s actions, results, or public announcements, but instead with changes in the value of other digital assets, such as bitcoin and ether, that the SEC has publicly declared are not securities”, the letter read.

Ripple and its top executives have been in court since the SEC filed a lawsuit against them alleging that they illegally sold a security (XRP) and made profits of over $1 billion. Garlinghouse has however maintained his position that XRP is not a security.

This could be because other countries such as the UK hold XRP in high regard. Garlinghouse had last year indicated his intention to move Ripple headquarters over to the UK before the SEC lawsuit. In early February of this year, the company filed a defense for the suit which has led to a few more lawsuits.

Advertisement &  & 

In 2015 and 2020, both the Department of Justice and the Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) declared XRP to be a “virtual currency”. The two departments even asked Ripple to implement anti-laundering in place, a requirement that Ripple claims securities are not expected to meet.

The outcome of Ripple’s case with the SEC could be a big determinant of future regulations in the cryptocurrency industry and the entire space awaits the outcome.


Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram


DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://zycrypto.com/ripples-garlinghouse-to-file-dismissal-motion-against-the-sec-lawsuit-over-xrp-sales/

Continue Reading

Blockchain

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Republished by Plato

Published

on

KR1, a crypto & blockchain asset investment company, had announced that it has invested a total of USD $75,000 into Strange Loop Labs AG, doing business as LazyLedger Labs.

The investment company took part in LazyLedger’s seed funding round alongside Cosmos’ Interchain Foundation, Binance, Dokia Capital,  Maven 11, and other investors.

LazyLedger is a pluggable consensus and data availability layer to enable anyone to quickly deploy a decentralized blockchain; without the overhead of bootstrapping a new consensus network.

“LazyLedger is a great project and an opportunity to bring better data availability to blockchains; which reduces bloat and increases performance. We believe that LazyLedger is going to play a big role in the next generation of scalable blockchain architectures.”
– Keld van Schreven, Managing Director and Co-Founder of KR1

LazyLedger’s founding team are highly respected decentralized systems engineers and researchers; who were part of the founding team of Chainspace, a blockchain project acquired by Facebook, as well as contributors to Ethereum 2.0 and Cosmos’ Tendermint.

“I’m excited about KR1 supporting LazyLedger as they have been around from day one and the experience they bring is invaluable as one of the oldest funds in the crypto space.”
– Mustafa Al-Bassam, Co-Founder of LazyLedger

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.cryptoninjas.net/2021/03/04/crypto-fund-kr1-makes-investment-in-blockchain-data-protocol-lazyledger/

Continue Reading

Blockchain

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

Republished by Plato

Published

on

ETHA Lend, a yield optimizer protocol for DeFi, today announced it has closed a $1.6 million initial funding round from lead investors Digital Finance Group (DFG), AU21 Capital, and Privcode Capital.

Other investors include: Vector Capital, Chain Capital, PNYX Venture, Lancer Capital, Oasis Capital, TRG Capital, Candaq Capital, Dealean Capital, Inclusion Capital, Origin Capital, ZB Capital, YBB Foundation, AC Capital, Hotbit.

Designed to provide automated yield allocation across Ethereum and Polkadot DeFi ecosystems; ETHA Lend will be governed by ETHA token holders. The protocol’s algorithm is constructed to understand the precise circumstances of a liquidity provider and supply events; protecting users from high transaction costs, market limitations, and asset volatility.

 “We are excited to have some of the most reputable names in the crypto investment and DeFi funding market on board. Our protocol hosts unique integrations of the DeFi space that shall let users dabble with yield farming with unseen simplicity, cross-chain independence, and progressive yield optimization opportunities. You can look forward to a time when the sector shall be free of the haunting tribalism and intimidations both for new and expert users.”
– Chester Bella, Founder of ETHA LEND

The close of this funding round will enable ETHA Lend to accelerate development towards its mainnet launch, currently scheduled for Q2 2021. ETHA Lend’s smart contracts are being inspected by Certik; one of the most highly reputed blockchain security auditors.

Source: ethalend.org

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.cryptoninjas.net/2021/03/04/defi-yield-optimization-protocol-etha-lend-closes-1-6m-funding-round/

Continue Reading
Blockchain4 days ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain3 days ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain1 day ago

Amplifying Her Voice

Blockchain5 days ago

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Blockchain4 days ago

NBA Top Shot leads NFT explosion with $230M in sales

Blockchain4 days ago

Litecoin, Monero, Dash Price Analysis: 28 February

Blockchain2 days ago

Libra Coin – A New Digital Currency Developed by FACEBOOK

Blockchain4 days ago

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

Blockchain4 days ago

How KuCoin Shares (KCS) Can Create a Stream of Passive Income

Blockchain4 days ago

Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Blockchain4 days ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Blockchain5 days ago

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Blockchain2 days ago

Blockchain in Sports Betting

Blockchain1 day ago

Will Netflix soon buy bitcoin?

Blockchain2 days ago

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

Blockchain3 days ago

The Sony PlayStation 5 Game Console Mining Ethereum with almost 100 MH/s is Not True!

Blockchain2 days ago

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Blockchain1 day ago

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

Blockchain4 days ago

Rewardiqa platform takes DeFi to the next level

Blockchain4 days ago

How did Bitcoin lending become so popular?

Trending