Forbes Daily: Behind Saudi Arabia's Massive Investment Into Tourism
Elon Musk is world's richest again; Walmart expands manager compensation; Evergrande ordered to liquidate; Trump's pricy legal woes; The limits of decentralized finance
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Elon Musk is world's richest again; Walmart expands manager compensation; Evergrande ordered to liquidate; Trump's pricy legal woes; The limits of decentralized finance
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Opinion When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy. Even these days, the first-ever cryptocurrency’s price feels hard to believe at times and investors might be pinching themselves every now and then. Taking a seat alongside Bitcoin (BTC) on the roller coaster, altcoins like Litecoin (LTC), Ether (ETH) and Bitcoin Cash (BCH) joined the ride — and, more recently, DeFi giants Polkadot and Cardano. But for the long haul, looking into the crystal ball, it’s difficult to see the...
Biggest developments in 2020 A big roller coaster in crypto prices: “In January, the bitcoin price dropped down to about [US$6,000] and now we’re [over US$22,000]. I think that’s huge.” Decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) gaining momentum: “DeFi’s [growth has] been in the making for four years, but in the summer this year, it really got traction with Uniswap, doing about US$500million in daily trading volume. Minuscule in contrast to the overall finance market, but still a big, significant step. I love the DAO market. A lot of companies a...