But account holders’ identities are encrypted, so you can’t tell who is behind the accounts making those transactions. The Los Angeles Lakers’ home game on Christmas Day against the Brooklyn Nets will be a coming-out party for Crypto.com Arena, the new name for the facility formerly known as Staples Center. The point of the renaming deal — which will reportedly cost the Singapore-based company more than $700 million — is to promote Crypto.com as the best way to buy and sell cryptocurrencies and related digital goods.
For instance, people living in countries with weak currencies may be better off investing in Bitcoin than buying local stocks and bonds. Stable coins have grown in popularity as a way to back cryptocurrency with assets that hold real value, much in the same way U.S. currency used to be on the gold standard. Those assets could be other currencies or commodities — virtually anything, really. Facebook’s contribution to the cryptocurrency world — Libra — has been hyped in some corners as the answer … Read MoreView More Emerging Markets and Cryptocurrency Investment Opportunities