DeFinda Blog

August remained calm and steady, as evidenced by the Bitcoin price chart. Not much has changed, with the United States still mired in crypto-related uncertainties, while Europe and other regions continue to make progress.

The way we view sovereignty is undergoing a significant change. As financial systems adapt and transform, our understanding of how money works and its connection to the larger economic picture is also evolving. In this exploration, we aim to untangle the complex concept of monetary sovereignty in modern finance. Additionally, we'll take a fascinating journey through time to trace how the dollar has shifted from being a form of currency to becoming a crucial unit of measurement.

July 2023 was undoubtedly an eventful month for the crypto industry, marked by the landmark ruling on the XRP case and the intense race for Bitcoin ETF approvals.

From resolving the US debt ceiling issue to implementing favorable regulations in China and Hong Kong, the crypto market is experiencing a wave of optimism. Brazil's decisive move in defining the Central Bank's role in digital asset regulations and the UK's commitment to clarifying the legal status of digital assets further contribute to this positive atmosphere. Moreover, the emergence of zero-knowledge (zk) technology, showcased by Linea Chain and Polygon's zkEVM networks, demonstrates promising advancements in smart contract execution and transaction efficiency.

In this article, we would like to take you through the places where Bitcoin and cryptocurrency adoption is high. If you choose Bitcoin as your preferred payment method your life will be easier in those areas.

The field of blockchain and cryptocurrencies is witnessing a rapid increase in the number of projects harnessing the power of AI. There is a widespread belief within the industry that AI tokens will experience significant growth and excitement in the future. In light of this emerging trend, it is an opportune moment to engage in self-reflection and critique about how we unintentionally traumatize the AI's childhood.

Crypto exchange companies are on the look for better places. Europe's latest MiCA and Hong Kong's new regulations green-lighted US crypto exchanges to operate in a well-regulated environment.

Regulations on cryptocurrency continue to be a hot topic across the globe. While the United States is still grappling with uncertainty in the industry, the European Union (EU) has taken promising steps by passing the MiCA regulation for digital assets. This has made Europe a better place for blockchain and crypto startups, as it supports innovation under a fair competition framework. Hong Kong and Dubai have also joined in, publishing draft bills to create safer environments for crypto and digital assets. On the other hand, US crypto companies are exploring offshore options due to the lack of clarity in the industry. In this article, we delve deeper into the latest developments in crypto regulations across the world.

Several major cryptocurrency exchanges, including Kraken and Bittrex, have recently announced their departure from the United States due to regulatory challenges. Meanwhile, Nexo has been hit with a penalty by US regulators, and Binance is also facing regulatory difficulties. These developments have raised concerns about the future of the US crypto market and its ability to compete with more crypto-friendly jurisdictions.

There is a famous saying credited to Winston Churchill ''The Americans will always do the right thing… after they’ve exhausted all the alternatives.'' After witnessing a series of billion-dollar crypto enterprises went bankrupt, the hottest topic is finally the classification of cryptocurrencies.