Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July.
Economists define cash as a physical form of money, such as banknotes and coins. Bookkeepers and financiers explain cash money as a current asset, including currency or its equivalent, that can be accessed immediately. Cash existed in the form of coins until Venetian merchants started using the first banknotes in the early Middle Ages. Today, most cash is being replaced by digital money, which has become the largest share of the total money supply. While cash is not useful for remote payments and is not as fast as digital currency, it is very convenient for private and secure transactions — though this is gradually being replaced with cryptocurrencies. In 2016, 1 out of 7 people in the UK were reportedly no longer using cash, which may indicate the possible existence of a cashless society in the near future — proposals of which are coming from around the world.
A new campaign has been launched to show off the features of this crypto ATM — and the company behind it has global ambitions.4646
A finance professor is skeptical about Bitcoin's design but is still very much involved in crypto research and is bullish about the future of digital assets.2198
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said.1471
Hint: Many altcoins—not just LUNA—are down over 80% from their all-time highs in 2022.7210
From fiat banknotes to fractional reserve banking, the notion of what constitutes money in the U.S. has changed over time. But is the time right for e-cash?3273
The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges.4019
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.10221
The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology.6302
The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.10450
Bitcoin and Ethereum have been majorly trading in sync since 2018, increasing risk exposure of crypto-only investment portfolios.58585
Widening economic inequality is a global issue, but this crypto app aims to deliver fairer outcomes for consumers while they shop.3126
The Agricultural Bank of China previously debuted digital yuan ATMs this January.4011
It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption.13419
While CBDCs could help central banks address the decline in cash payments, some risk factors remain.9593