RadioShack announced their move into cryptocurrency on December 19th via Twitter. The rebranding of this company follows after two previous bankruptcy filings in 2015 and 2017. The company’s mission is “to be the first protocol to bridge the gap in mainstream usage of DeFi (decentralized finance) ” according to their Twitter. The plan is to capitalize on the well known RadioShack brand in order to bring awareness to their new token. RADIO Token One of the main issues in the world of cryptocurrency is that a gap exists between many traditional business models and blockchain technology. Many CEOs of big corporations have yet to put the time in to understand…
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Crypto users break 100 million worldwide
A sharp increase to 106 million from the 66 million found in a study last May by Crypto.com can be attributed to PayPal, DeFi, and institutional investors
According to Crypto.com, this growth is largely driven by strong Bitcoin adoption which was a 15.7% increase. Other factors that seem to have driven the sharp upturn in adoption include the huge growth of decentralized finance (DeFi) since last summer, PayPal’s decision to enable customers to hold bitcoin, and the massive institutional adoption of cryptocurrencies by mainstream companies and highly regarded investors like Stanley Druckenmiller.
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Crypto lender BlockFi launches institution-focused Bitcoin trust
The crypto lending firm is taking on Grayscale’s Bitcoin Trust by setting its own feature management fee at 1.75%, lower than the competitor’s 2%
“Given the level of institutional activity in recent months and demand for new, professional-grade investment vehicles, the timing of BlockFi Bitcoin Trust is ideal,” said BlockFi founder and CEO Zac Prince, “As we work to broaden the availability of this vehicle to retail brokerages, we expect this product will facilitate greater investments in digital assets.”
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Between Tether, DeFi, and the SEC, Ripple's standing in crypto's top five is in jeopardy (Photo: Pixabay)Is XRP in danger of falling out of the top five cryptocurrencies?
XRP and Cardano’s market caps are now neck and neck, and the embattled altcoin could be demoted further if its market cap is overtaken by another token embraced by decentralized finance, Polkadot
Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.
