A PwC Switzerland executive said that among the various types of digital asset, only digital currencies are can reasonably be used at present, according to a post on the PwC website July 31.
In the post, Roland Stadler, Senior Manager and Data & Analytics Specialist at PwC Switzerland, claims that while digital assets “seem similar at first glance,” on closer inspection they differ.
Stadler makes a distinction between “digital assets” and “currencies,” because “only a few” can be considered currencies in the “literal sense of the word.” He then divides digital assets into three types; currencies like Bitcoin (BTC), utility tokens, and security tokens.
According to Stadler, currencies like BTC are both a payment instrument and a payment network in equal measure, which can be used without the involvement of a central institution.
Having defined the various types of digital assets, Stadler concludes that currency-like digital assets are currently the only useful ones, despite speculation on them in digital currency markets.
The Bitcoin. com. au an Australian crypto exchange has just named a former consulting giant Ben Ingram an executive of PwC, to be the new COE of the platform, this is according to a report by the Business Insider Australia.
In the first five months of 2018, cryptocurrency sales from initial coin offerings (ICOs) jumped to $13. 7 billion — almost double the amount raised for the whole of 2017, according to a report released yesterday by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association.
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet.
Selling things for bitcoin online doesn’t have to be hard. In fact, it shouldn’t be, given the decentralized nature and low fees of peer-to-peer electronic cash. For beginners and DIYers new to the world of creating an online bitcoin or crypto marketplace, this article seeks to provide some basic pointers and new resources to get […]
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Travala, the online platform that allows crypto users to book hotel rooms in thousands of destinations around the world, has registered remarkable growth in bookings during the Christmas holiday season.
The MLM monitoring publication behindmlm. com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin. eu has gone offline. According to the domain host Eurid, the onecoin.
Buying a new car is always a thrill. Purchasing a luxury vehicle, a roadster or a classic even more so. But such an enjoyable acquisition is usually accompanied by time consuming formalities. When all you want is to sit behind the wheel as soon as possible, these additional steps can be a nuisance for most […]
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Bitcoin Cash (BCH) proponents were introduced to a new project called the Cashweb protocol on Friday. The blockchain file sharing scheme allows people to store and load arbitrary data to the BCH chain.
