One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector.
In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable.
WallStreetBets, the Reddit-based grassroots movement that achieved notoriety for short-squeezing hyper-leveraged financial firms, has launched a new blockchain-based application aimed at combating market manipulation in traditional finance.
The group announced the creation of WallStreetBets Exchange Traded Portfolios, or ETPs, that can provide investors with broad exposure to various assets in a completely decentralized manner
Around June 2020, Coinbase was hiring right here in the Philippines. This is a major company, which recently had its big debut in the U.S. stock market. As of April 22, 2021, they were not just hiring for support roles, but for associate and leadership positions here as well:
Non-fungible tokens or NFTs, which are unique, verifiable digital assets on the blockchain, have found digital art as one of its strongest use cases. The NFT art phenomenon has made its way to Southeast Asia. It has also reached the Philippines, with many Filipino artists known locally and internationally as pioneers in this up-and-coming space.
Narra is described by one of its co-founders, Colin Goltra, as a joint venture “of sorts” between friends “for various cultural pursuits in the broader metaverse.” It has launched multiple projects that aim to, among other things (such as “do other cool stuff”), ensure Filipino artists occupy a premiere space of recognition in the growing NFT scene.
Binance CEO Changpeng Zhao said Bitcoin’s volatility is “probably less volatile” in comparison with some stocks, but data shows Bitcoin is the incontestable winner when adjusting the metric based on returns.
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption.
The government’s financial inclusion bid is among the factors for a financial institution’s move to fully migrate its information technology (IT) system to cloud technology to provide service to those living in far-flung areas
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, holds the inaugural Shopee University Summit with the theme, “Equipping MSMEs for E-Commerce,” to help budding entrepreneurs capture e-commerce opportunities.
Homegrown “Amazon-like” company Great Deals E-Commerce Corp. announced last May 19 it was able to raise P1.4 billion (about $30 million) in capital through its Series B funding round.
The Bangko Sentral ng Pilipinas has been consistent in its messaging about cryptocurrencies: that they have the potential to transform the delivery of financial services, but it’s also cognizant of its risks. Speaking with Rico Hizon on CNN, BSP Governor reiterated its stance on crypto:
“They have really the potential to revolutionize the delivery of financial services and further support of financial inclusion, Therefore it makes them very vulnerable for use in money laundering and terrorism financing. So you have to be wary about that. As a regulator, we should be wary about that,” Governor Diokno said.
The electronics industry has continued to support the country’s economy amid the coronavirus diseases 2019 (Covid-19) pandemic, and is seen to play a vital role in recovery and digital transformation
In these challenging times, social media emerged as an important tool in making a business survive and thrive. Francisco “Paco” Magsaysay, owner of Carmen’s Best, told BusinessMirror in an e-mail interview that using the tools of social media has boosted growth of the brand.
GCash, a BSP-licensed e-money issuer which has over 40 million users is looking to follow Paypal’s move into offering, buying, selling and storing cryptocurrency.
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