Crypto Executive Sees DeFi’s Prominence as Key to Stablecoins’ Growth

Tyler Winklevoss, the co-founder and co-chief executive of the Gemini Trust Foundation, has weighed in on the potential for stablecoins to achieve mass adoption.

In a recent interview, the crypto executive explained that the emergence of this fledgling asset class would depend significantly on that of the decentralized finance (DeFi) sector – primarily with traditional finance.

DeFi and Stablecoin Growth in Tandem

Tyler shared his views while appearing in an interview with Camilla Russo from The Defiant. While there, he explained that Wall Street would need to embrace DeFi to kick off the stablecoin race.

“When Wall Street wants to start investing in decentralized finance, they’ll need a currency. When a decentralized Real Estate Investment Trust pays off a dividend or a stock, is it going to pay it to investors in Ether? Probably not because of the volatility, but in a stablecoin.”

Speaking on the value proposition of stablecoins Read more

How to Prepare for a Tornado [Infographic]

While many people think tornadoes impact only the Midwest, every state in the country is vulnerable to tornadoes, according to the National Oceanic and Atmospheric Administration (NOAA). Approximately 1,200 tornadoes hit the U.S. each year, causing an average of $24,000 in home damage and $4,000 in auto damage.

Stay prepared and informed of severe weather drills in your state by checking the official severe weather preparedness dates. These drills are typically conducted before tornado season begins in each state.

Preparing your car before a tornado strikes

If the area you live in is under a tornado watch, which means that tornadoes are possible in the nearby area, move your car into a garage or away from any trees. Do not, however, attempt to do this if conditions are unsafe or if your area … Read more

Myanmar’s Crypto Insiders Remain Resolute Amid the Central Bank’s Crypto Ban 

Despite the push for adoption, cryptocurrency regulations across the world have been subject to widespread confusion. With every country free to pursue its own means of regulatory clarity, several have failed to do what they must to ensure a free and enabling environment. The latest appears to be Myanmar.

There’s No Ban in Myanmar’s Constitution

Last week, the Central Bank of Myanmar (CBM) issued an official announcement banning cryptocurrencies from its commercial space. As the statement explained, commercial banking institutions across the country should cease to accept or conduct transactions in digital currencies.

The announcement explicitly states that the government of Myanmar doesn’t recognize digital assets as official currency. Summarily, anyone caught trading with them could get a fine or a prison sentence.

Going deeper, the bank explained that it had noticed digital assets like Bitcoin, Litecoin, and Ether being traded from personal Facebook profiles. As explained, these activities are Read more

How to Interview Someone for a Job in 7 Simple Steps

Finding the right employees can be a challenge in any industry. To put the right people in the right positions, it is always helpful to brush up on interviewing skills and putting an effective interview process in place.[i]

Conducting a job interview takes some planning. Making sure you find the right candidate for the job involves reviewing applications, preparing interview questions, creating scorecards — among other things. If you are an employer wondering how to conduct a job interview effectively, here are seven tips to follow.

1. Build an interview structure

Before you start scheduling, create an interview structure. Essentially, you want to create an agenda for these meetings, which helps you know how to guide and streamline each interview process. You might start off with an introduction, followed by an overview of job duties, and a list of questions to ask each candidate. If applicable, you may … Read more

Bitcoin Transaction Volumes on Dark Web Dropped in Q1 2020

The Dark Web is one of the most significant reasons why Bitcoin is where it is today. That secluded area of the Internet is notorious for promoting illicit activity, and at a point, Bitcoin was its primary medium of exchange.

However, Bitcoin–related activity on the Dark Web has notoriously dropped over the past year. A new report is punctuating that, showing a significant drop in the volume of Bitcoin transactions recorded on the Dark Web.

Values Surged, but Volumes Dipped

The report in question is coming from Crystal Blockchain Analytics, a blockchain data and intelligence platform. Published on Tuesday, it confirmed that the total dollar value of Bitcoins transferred on the Dark Web surged by 65 in Q1 2020.

Crystal Blockchain Analytics also confirmed that the total value of Bitcoin transacted had grown by 340 percent in three years. The firm attributed this staggering growth to the improved adoption of Read more