Tag Archives: Cryptomarket

Why Peru’s Central Bank has Warned Against Crypto Trading and the Impacts of this Warning

  By David Drake   In November of last year, the central bank of Peru released a warning announcing that cryptocurrencies do not have the support of central banks and are, therefore, risky investments. According to the bank, digital currencies pose a risk to investors because they are subject to high volatility and are vulnerable to fraud and the application […]

Trading With Cryptocurrencies is Risky, Warns Peruvian Government

  By David Drake   The topsy-turvy cryptocurrency roller coaster ride hit another descent as the government of Peru put up a staunch resistance to its trade and use. This came as the prices of Bitcoin and other leading cryptocurrencies took a huge hit last month, suffering an 80 percent fall in value since the start of the year. The […]

Peru’s Central Bank Warning: Will it Affect South America’s Cryptomarket?

  By David Drake   Some South American countries have widely accepted the use of cryptocurrencies more than others. The cryptomarket growth in this region has been linked to the need for citizens to find ways to make ends meet. Peru has experienced an increase in the use and trading of virtual currencies and is positive about its prospects. However, […]

Can South America Achieve Sustainable Cryptocurrency Growth?

  By David Drake   For a long time, the financial sector has largely remained unchanged, but this may no longer be the case. Cryptocurrencies are slowly but surely making headway towards transforming the way transactions are carried out significantly. For instance, companies such as Microsoft are accepting cryptocurrencies as payment for goods and services offered. The inherent benefits of […]

How Reconciliation of Competing Thought Lines is Hindering Blockchain Integration in Business

  by David Drake     Blockchain technology has become a buzzword in the business world. With the promise of transparency, security, decentralization and reduction in transaction costs, businesses, the the popularity of this technology has risen fast as companies pilot it with the hope of integrating it into their operations, even without clear-use cases. “A great example is Long Island […]

Will Predictions by Forrester Research about Blockchain Come True?

  By David Drake   A report by Forrester Research paints a gloomy picture for blockchain, saying that up to 90% of active blockchain initiatives in the US will end up being abandoned, and will “never become part of a company’s operations.” The market research firm further predicts that the majority of blockchain-based projects in the US will be put […]

80% of Companies Lack Interest in Blockchain, Does this Spell Doom for the Technology?

  By David Drake   A report published by Forrester Research on blockchain in business shows that 90% of all blockchain initiatives across industries in the US will never reach fruition. The US-based market research firm predicts that 2018 will witness abandonment of many blockchain-based projects. In fact, it notes that in some cases, they will never be integrated into […]

Why Running a Blockchain Suitability Test Could Save Your Business Time and Money

  by David Drake     Blockchain, the technology that underlies cryptocurrencies, has become popular among American companies due to its ability to enhance business efficiency. Earlier this year, Walmart made public its intention to apply the technology in managing its supply chain, particularly in tracking food products. Around the same time, Amazon launched AWS blockchain templates that allow its users […]

What to Consider before Taking your Business the Blockchain Way

  By David Drake   Blockchain has been viewed as a technology that is capable of changing the way businesses transact in the global economy. The ability of the technology to facilitate transfer of funds in a secure manner while ensuring data integrity has immensely contributed to its popularity. Startups that want to solve day to day problems are increasing […]

Will South Korea’s Move to Embrace Cryptos Improve Support for ICOs?

  by David Drake     Since January of this year, South Korea has been making headlines for taking drastic measures in the cryptocurrency industry. The country was the first to pass regulation requiring players in the industry to synchronize their trading details with those in the bank. The country even went further to  place a ban on initial coin offerings […]