The digital money is not as decentralized as people think. Today, numerous cryptocurrency exchanges offer a wide range of digital currencies such as bitcoin, ethereum, litecoin, etc. However, this doesn’t mean that users have to trust these vendors in the delivery of cryptos. In fact, these digital currency exchanges are mainly operating based on users’ fears and fears of the authorities. Let’s take an example: imagine that you and your friends have come up with a plan to buy some bitcoins fr...

The digital money is not as decentralized as people think. Today, numerous cryptocurrency exchanges offer a wide range of digital currencies such as bitcoin, ethereum, litecoin, etc. However, this doesn’t mean that users have to trust these vendors in the delivery of cryptos. In fact, these digital currency exchanges are mainly operating based on users’ fears and fears of the authorities. Let’s take an example: imagine that you and your friends have come up with a plan to buy some bitcoins fr...

Crypto lending is dead? What will replace it? How to get started with crypto lending? A recent FTX detailed the decline of crypto lending as a viable option in the wake of trust breaches. While crypto lending is still in infancy but its potential for misuse and potential conflicts of interest does not address the question why users funds kept being misused. We’ll explore why and how cryptocurrency lending has become such an toxic part of modern digital finance. We’ll also discuss some ways yo...

Crypto lending is dead? What will replace it? How to get started with crypto lending? A recent FTX detailed the decline of crypto lending as a viable option in the wake of trust breaches. While crypto lending is still in infancy but its potential for misuse and potential conflicts of interest does not address the question why users funds kept being misused. We’ll explore why and how cryptocurrency lending has become such an toxic part of modern digital finance. We’ll also discuss some ways yo...

As we approach the end of this year, everyone is still digesting the impact of the Internet-driven digital transformation in business and its associated headwinds. As a result, many businesses are looking ahead to the future with mixed feelings. On one hand, we have come a long way in building trust and self-awareness in our digital landscapes. On the other, we now have to acknowledge that some of these digital transformation efforts have been misguided or backward-looking. These are all good...

As we approach the end of this year, everyone is still digesting the impact of the Internet-driven digital transformation in business and its associated headwinds. As a result, many businesses are looking ahead to the future with mixed feelings. On one hand, we have come a long way in building trust and self-awareness in our digital landscapes. On the other, we now have to acknowledge that some of these digital transformation efforts have been misguided or backward-looking. These are all good...

If your business goes bust, what will you do? You’ll probably need a fresh start. Fortunately, that can be a lot easier than you think. But that is not easy for a shadow bank, particularly the crypto shadow bank. Let’s explore what to do when your shadow bank goes bankrupt.What’s the profit in being insolvent?When your business is profitable and has plenty of cash in the bank, you can either pay your debts or use the profits from your sales to repay your creditors. If you’re able to meet your...

If your business goes bust, what will you do? You’ll probably need a fresh start. Fortunately, that can be a lot easier than you think. But that is not easy for a shadow bank, particularly the crypto shadow bank. Let’s explore what to do when your shadow bank goes bankrupt.What’s the profit in being insolvent?When your business is profitable and has plenty of cash in the bank, you can either pay your debts or use the profits from your sales to repay your creditors. If you’re able to meet your...

As is the case with most big-ticket purchases, you need a system in place to manage your debt. Fortunately, there are a variety of ways to get started developing one. From building a personal budget to planning ahead for retirement, it’s possible to develop a sustainable and healthy financial model with the help of a debt management program. Regardless of your individual needs, it’s important to consider how your current relationship with money will be impacted by implementing a strategy that...

As is the case with most big-ticket purchases, you need a system in place to manage your debt. Fortunately, there are a variety of ways to get started developing one. From building a personal budget to planning ahead for retirement, it’s possible to develop a sustainable and healthy financial model with the help of a debt management program. Regardless of your individual needs, it’s important to consider how your current relationship with money will be impacted by implementing a strategy that...

Today’s digital world is packed with opportunities for everyone from seasoned investors to naïve newbies looking to make the most of their money. But for those looking to make the most of their investment, a digital wallet might not be the way to go in 2022. A virtual wallet is a digital storage that allows people to store and manage their digital assets in one place. This similar to bank account, personal credit card, or online banking account. When you put your cryptocurrency into an online...

Today’s digital world is packed with opportunities for everyone from seasoned investors to naïve newbies looking to make the most of their money. But for those looking to make the most of their investment, a digital wallet might not be the way to go in 2022. A virtual wallet is a digital storage that allows people to store and manage their digital assets in one place. This similar to bank account, personal credit card, or online banking account. When you put your cryptocurrency into an online...

In the crypto world, Binance is the destination destination destination for all things cryptos. It’s home to both a number of leading cryptocurrency exchanges and a wealth of lesser-known coins that may or may not have any crypto links at all. But if you ask most crypto professionals and there’s no doubt they’ll have heard of Binance – it’s probably because they are one of the largest digital asset exchange platforms in the world. And while they do have their fair share of drawbacks, includin...

In the crypto world, Binance is the destination destination destination for all things cryptos. It’s home to both a number of leading cryptocurrency exchanges and a wealth of lesser-known coins that may or may not have any crypto links at all. But if you ask most crypto professionals and there’s no doubt they’ll have heard of Binance – it’s probably because they are one of the largest digital asset exchange platforms in the world. And while they do have their fair share of drawbacks, includin...

Blockchain is here to stay. It’s just a matter of when, and what type of adoption will happen as a result. However, for the industry at large, it has probably been one of the most significant digital transformation events in recent memory. This year witnessed the launch of the first major cryptocurrency market cap, with more than $1 trillion being raised in total from investors over the course of 2021. So where do we stand? Do we need another massive digital transformation event or have we al...

Blockchain is here to stay. It’s just a matter of when, and what type of adoption will happen as a result. However, for the industry at large, it has probably been one of the most significant digital transformation events in recent memory. This year witnessed the launch of the first major cryptocurrency market cap, with more than $1 trillion being raised in total from investors over the course of 2021. So where do we stand? Do we need another massive digital transformation event or have we al...

Since the end of the Great Recession in 2009, the U.S. economy has undergone a period of rapid growth, almost non-stop. Today, the recovery is still going strong, with U.S. jobs numbers showing signs of improvement on Wednesday morning. And while it might seem like new opportunities have magically appeared overnight, there’s often a dark side to these blessings as well as a darker cloud looming over the horizon. When the economy is in bad shape, it can mean that people are less able to make e...

Since the end of the Great Recession in 2009, the U.S. economy has undergone a period of rapid growth, almost non-stop. Today, the recovery is still going strong, with U.S. jobs numbers showing signs of improvement on Wednesday morning. And while it might seem like new opportunities have magically appeared overnight, there’s often a dark side to these blessings as well as a darker cloud looming over the horizon. When the economy is in bad shape, it can mean that people are less able to make e...

As the old saying goes, “The hidden power of the government is to support or contravene the will of the people.” The central bank is no exception. In fact, it’s so powerful that it can even contravene the will of the people. That’s right: The Federal Reserve Bank President Bernanke has been able to control what money the central bank prints and how much interest it levies on those funds. This allows for a variety of strategies to combat inflation and other financial crises. However, all this ...

As the old saying goes, “The hidden power of the government is to support or contravene the will of the people.” The central bank is no exception. In fact, it’s so powerful that it can even contravene the will of the people. That’s right: The Federal Reserve Bank President Bernanke has been able to control what money the central bank prints and how much interest it levies on those funds. This allows for a variety of strategies to combat inflation and other financial crises. However, all this ...

The bank is a financial institution's most visible face of systemic risk. When one or more financial institutions fail or are wound down, the system becomes less secure: once again, access to traditional banking services is curtailed. The consequences for an individual institution are also different this time around: if there is a bank run, it will result in higher costs for consumers and other financial institutions, which means more competition and lower barriers to entry for new saver...

The bank is a financial institution's most visible face of systemic risk. When one or more financial institutions fail or are wound down, the system becomes less secure: once again, access to traditional banking services is curtailed. The consequences for an individual institution are also different this time around: if there is a bank run, it will result in higher costs for consumers and other financial institutions, which means more competition and lower barriers to entry for new saver...

He is lying again in front of everyone. SBF has no ethics... https://twitter.com/HueFin_News/status/1598103196366692352 Trying to play dump and not know anything wrong is the opposite of letting people know you are a total screw-up. https://twitter.com/daarfield/status/1598095787938181120 IF FTX US is solvent, why you filed bankruptcy in the first place? All he tried to do was indirectly point questions to his achievement, which is to scam people and use their funds for his own purpose. https...

He is lying again in front of everyone. SBF has no ethics... https://twitter.com/HueFin_News/status/1598103196366692352 Trying to play dump and not know anything wrong is the opposite of letting people know you are a total screw-up. https://twitter.com/daarfield/status/1598095787938181120 IF FTX US is solvent, why you filed bankruptcy in the first place? All he tried to do was indirectly point questions to his achievement, which is to scam people and use their funds for his own purpose. https...