In fact, “There weren’t that many people involved and the economic repercussions were pretty minor,” Goldgar says. “I couldn’t find anybody that went bankrupt. If there had been really a wholesale destruction of the economy as the myth suggests, that would’ve been a much harder thing to face.”
The Marshall Islands with a population of 53,066 will recognize their own cryptocurrency, Sovereign (SOV), as official legal tender. Legislators for the Pacific island nation passed the Declaration and Issuance of the Sovereign Currency Act 2018 on February 26th.
Neema, is an Israeli startup that handles international money transfers via an app. They will be building the technology of the new cryptocurrency using "Yokwe." Yokwe, is a public protocol which is designed to linking accounts to real, government-verified identities.
Coinbase releases Coinbase Pro which will obsolete GDAX starting June 29. Coinbase Pro will integrate recently purchased DEX Paradex. Paradex will give Coinbase customers the ability to trade hundreds of ICO tokens, but, for now, only outside of the US due to regulatory concerns.
A dex is an app that enables peers to trade #crypto peer-to-peer without giving up custody of their coins. This decreases the third-party risk of loss of funds due to hacking or theft and increases privacy.
He argued the state can create pure paper money and make it exchangeable by recognising it as legal tender, with the criterion for the money of a state being "that which is accepted at the public pay offices"