Cryptocurrencies have been too volatile for mainstream use. Loans, salaries and other basic financial contracts are poorly served by volatile currency. Stable currency isn't available in much of the world. In many developing countries, the most stable currency available can devalue at a rate of 10% per year or more. Basis is designed to maintain a stable value and serve as a medium of exchange accessible to anyone with an internet connection.
Bitcoin’s recent price action has scared analysts. The cryptocurrency slipped around 3% even after Jerome Powell announced higher inflation expectations/targets.… read more
Russia’s parliament, the State Duma, has voted to enact new digital rights legislation in October this year, according to a… read more
Economist and notorious cryptocurrency critic Nouriel Roubini has claimed that crypto “as a technology has absolutely no basis for success.”… read more
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