Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional. Savings Banks Asked to Mine & Use Petro Maduro has […]
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The future was meant to involve flying cars and jetpacks. Instead, it involves tokenizing yourself on the blockchain. It was Andy Warhol who famously observed that in the future everyone will be famous for 15 minutes. That fame, it now appears, may come in the form of the ultimate crypto vanity project: tokenizing yourself and […]
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What do Jay-Z, Nasir Jones (also known as Nas), and Snoop Dogg have in common? Aside from being Black Americans, being successful music stars, and having big bank accounts, they are co-investors in the free stock trading app called Robinhood. Jay-Z’s new venture capital firm Arrive just announced that he will be investing in Robinhood, a […]
1. What are futures? Futures are an agreement to buy or sell an asset on a specific future date at a specific price. Once the futures contract has been entered, both parties have to buy and sell at the agreed-upon price, irrespective of what the actual market price is at the contract execution date. The […]