When you send or accept cryptocurrency, it's easy to think you're sidestepping the hidden costs of traditional finance. But behind every "instant" transfer lies a maze of gas fees, withdrawal charges, and profit margins that look a lot like the very system crypto promised to disrupt.
Binance co-founder Changpeng Zhao responded to Peter Schiff’s prediction of a brutal Bitcoin (CRYPTO: BTC) bear market on Thursday, highlighting the leading cryptocurrency’s historical outperformance against gold.
In one of the boldest forecasts, Mexican business magnate Ricardo Salinas Pliego said on Thursday that Bitcoin (CRYPTO: BTC) will increase by at least fourteen times and ultimately surpass gold in value.
Erebor Bank, a new crypto-focused financial institution backed by prominent tech investors Peter Thiel, Palmer Luckey, and Joe Lonsdale, received preliminary conditional approval for a national bank charter on Wednesday.
The Office of the Comptroller of the Currency said Erebor was granted “preliminary and conditional” approval, and it will still need to meet more requirements before it can officially open.
Without hesitation, one of the strongest performances in the global capital markets stems from the broader cryptocurrency space. At its recent peak, the sector saw its total market capitalization rise to $4.28 trillion.
