Things happened a little bit different for crypto last week.
This write-up gives a summary of the latest news in the crypto world.
Vitalik Buterin argues that the financial crisis of 2008 is completely different from what is being experienced in 2020. He says the need to change money doesn’t necessarily mean Bitcoin should come on board. Ethereum might even be better since it is used in the development of DApps. About 50% of all decentralized apps are built on the ethereum network.
The organizer of Lightning Torch, Hodlonaut, wants people to start accumulating bitcoins because inflation may hit soon and the value of local currencies will depreciate. He gave an example with the European Bank’s announcement to provide €600 billion for the pandemic emergency fund. It is interesting to note that that amount is now about €1.35 trillion.
The Gemini Trust Company owned by the Winklevoss Twins is partnering with Samsung so that its app can be featured on blockchain wallets belonging to Samsung. Musicians also heard good news when they got to know that ANote Music was to set up a blockchain-based platform which can accrue them some royalties. They can either cash the royalties or use them to buy some shares in the company.