According to Duane Good, COO of Tribal, the round will help Tribal fund SMBs’ receivables in the markets where it operates – Mexico, Brazil, Chile, Colombia and Peru. In Latin America, the company plans to expand into Argentina, and the company is also considering expanding into Africa, Europe and Soutj Asia in the future, Elkasstawi added. Source
While ether, the native asset of the Ethereum blockchain, still has a way to go before traditional investors begin to form their investment thesis, bitcoin cemented itself in the minds of all professional investors, as it eclipsed $1 trillion in market capitalization in 2021. What’s more, bitcoin also remained uncorrelated with all macro assets, which could make for an interesting value proposition for the asset as managers look to approach their portfolio construction in 2022. That said, bitcoin’s correlation with the S&P 500 ticked up in Q4 2021, suggesting that…
While 2021 was certainly the year of bitcoin, investors with a particular type of risk appetite are diversifying their crypto portfolios with altcoins. The term “altcoin” is short for “alternative coin” and refers to cryptocurrencies other than bitcoin. Ether is perhaps the most popular altcoin, though crypto insiders quickly bring up other names like the bitcoin copycat litecoin, the stablecoin tether and, of course, dogecoin, the meme coin popularized by Tesla CEO Elon Musk. This article originally appeared in Crypto for Advisors, CoinDesk’s weekly newsletter defining crypto, digital assets and…
Since crypto is a 24/7/365 market, I checked my Coinbase account approximately every 15 seconds. I’d wake up in the middle of the night and check. First thing in the morning, I’d check prices. Waiting at a red light, time to check prices. I had no idea what I invested in, or why the price was moving, but I liked that it was easy. Source
Bank of America upgraded Coinbase shares to buy from neutral, leaving the price target unchanged at $340. The upgrade was due to increasing signs of revenue diversification beyond just retail crypto trading, a trend which it thinks will accelerate further this year, the bank said in a note on Thursday. The bank forecasts subscription and services revenue to increase to 16% of the company’s total revenue in 2023, from 12% in the third quarter of 2021. This trend will be driven by a combination of offerings such as staking, earn…
WeChat, China’s largest messaging app and one of the country’s most popular payment services, will start supporting the Chinese government’s digital currency. On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat Pay, according to a local news report. China has been developing a digital yuan since 2014, and it has yet to be implemented nationwide. If people start paying for goods and services with WeChat, which has more than 1 billion users, it will give it a significant boost.…
When we talk about buying things with bitcoin, many conjure up an image of a black market filled with shady dealings, off-the-record sales and illegal products, or billionaires in search of luxury yachts and private jets. In reality, the list of goods now available to purchase with bitcoin is long. Source
Satoshi Nakamoto originally created bitcoin as an alternative, decentralized payment method. Unlike international bank transfers, it was low-cost and almost instantaneous. You’ve probably heard that bitcoin and cryptocurrencies and all the hype around them as being the “future of finance.” The primary philosophy behind Bitcoin was to create an electronic payment system that would not rely on a third party or central authority for confirmation, settlement or issuance. In addition to eliminating third parties, bitcoin transactions were touted as being irreversible, immutable and relatively cheaper than traditional payment options. Compared…
Scams accounted for the lion’s share of crime in 2021, rising 82% to reach $7.8 billion. According to Chainalysis’ report, nearly $3 million of that total came from rug pulls, which are an increasingly popular crypto scam where developers build legitimate-looking projects, load their pockets and then disappear. Source
— By Vargason, CryptogramVenture FoF Research Fellow Before the rise of blockchain, Web3.0 can only stay in the concept stage due to the lack of solutions. With the development of blockchain technology, a number of Web3.0 related projects have emerged. According to the Web3 Index compiled by web3index.org (a website that tracks protocol usage across the entire Web3 stack), in the past 30 days, the revenue and other comprehensive indexes of Pocket Network, Arweave, and Livepeer ranked among the top relative to other projects. Pocket Network is currently the Number…