Altcoin News by Thebittimes.Com

A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA). In a May 16 report, the traditional finance sector lobby group , along with international consulting firm Boston Consulting Group (BCG) and others, asked both regulators and traditional financial institutions to take a more serious look at the upsides of the technology. A distributed ledger is an umbrella term for a system that records transactions and digital information. A blockchain is a specific type of distributed ledger. “Distributed ledger technology holds promise for driving growth and innovation,” said Adam Farkas, GFMA’s Chief Executive. “This potential should not be ignored or prohibited where regulatory oversight and resiliency measures already ex...

Discover the five basic principles of finance to improve your financial literacy, including, time value of money, risk management, compounding and more. Learning the principles of finance is essential for managing personal and business finances, making informed investment decisions and understanding the economy. Here are five basic principles of finance that you should know. Time value of money This principle suggests that a dollar received today is worth more than a dollar received in the future due to the potential to earn interest or investment returns. It is the foundation of many financial decisions, including investment strategies and loan repayment plans. For example, if an investor bought 1 Bitcoin (BTC) for $10,000 in 2017 and held onto it until 2021, when its value reached $50,000, the investor would have earned a return of 400% on their initial investment. This demonstrates the time value of money, as the investor was able to earn a significant return by holding onto their...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry has been suffering losses for nearly a full year now, and while the value of coins has gone down quite a bit from November 2021 levels, the development and adoption are progressing at a rapid pace. Over the years, plenty of financial services from the traditional finance sector were claiming that crypto is a scam, doomed to fail and that they would not touch it, which is slowly starting to change. Banks are getting more and more involved, services like PayPal now have their own crypto section, and Western Union seems to be turning back to crypto after past failed attempts to get involved, judging by the recently filed trademark applications. New trademark applications reveal the company’s potential plans According to the applications, the company seems to be making new attempts to enter deeper into the crypto market . So far, it has had limited success, but this might start to cha...

Elk is delighted to reveal a new addition to our dApp where users can buy ELK with fiat directly from user interface. By working alongside Switchere they have eased the route to cross-chain movement for users. Who doesn’t want that? Elk Finance Integrates Switchere Alongside ELK will be other popular tokens , again available for purchase through our cross-chain dApp: app.elk.finance. Elk paves the way for cross-chain interoperability As a conduit for value transfer, Elk seeks to reduce onboarding friction for DeFi and Web3 natives. BNB Chain remains incredibly popular, along with credit cards and fiat payments (that paradigm still endures), so by enabling fast and easy crypto payments straight to your Web3 wallet. This feature is live. Try it out now at app.elk.finance/buy while being connected to the BNB Chain network. About Switchere Switchere is an online exchange for buying cryptocurrencies. The company is a licensed provider of financial services, with guaranteed legal ...