The purpose of stablecoin such as Tether is to be less volatile than other cryptocurrencies due to having its value pegged to the dollar. But what if it isn’t? Tether is mired in so much controversy that it puts all stablecoins in doubt. So, are stable coins trustworthy? What is Stablecoin? Before we can decide, … Read moreUntethered: A Look at Tether and Other Stablecoin
Cryptocurrencies may seem to be futuristic, but that doesn’t mean they’re green. Work validated cryptocurrencies, like Bitcoin, have high energy requirements and produce electronic waste. So, are Cryptocurrencies bad for the environment? The short answer is yes. The high (Energy) Cost of Cryptocurrency According to The Harvard Business Review, Bitcoin alone uses around 110 Terawatt … Read moreDon’t Pollute with Bitcoin: The Environmental Empact of Cryptocurrencies.
Is crypto a Ponzi scheme? This question arises naturally because of cryptocurrency’s nature and the continued common occurrence of Ponzi schemes. In 2019, overall detected Ponzi schemes in the U.S. rose by 30 percent. In 2020, that figure appeared to have dropped. Still, analysts believe the lower numbers say more about how pandemic interfered with government efforts … Read moreIs Crypto a Ponzi Scheme or Worse Than a Ponzi Scheme?