The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use …
Monthly archives: November 2021
Exodus wallet integrates with SportX to enable esports betting with crypto
Cryptocurrency wallet Exodus has officially integrated with SportX, an online sports and crypto betting platform, giving users the ability to wager on esports games through smart contracts executed on the Polygon network. The partnership, which was announced Tuesday, gives Exodus’ more than 1 million users access to SportX’s decentralized betting exchange where they can place …
Continue reading “Exodus wallet integrates with SportX to enable esports betting with crypto”
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use …
Why This Crypto Billionaire Abandoned Ethereum
Ethereum which is the second-largest cryptocurrency project in the globe has enjoyed the support of major and big-time investors in recent years. Its growth over the last year has helped to further reinforce why investors tend to choose the altcoin over Bitcoin. One of those who have supported Ethereum openly and majorly in the past …
Continue reading “Why This Crypto Billionaire Abandoned Ethereum”
Composable Labs’ Incubated Project, Instrumental Finance, Announces Upcoming LBP
In its continuous bid to further drive innovation in the DeFi ecosystem, Composable is thrilled to announce and support the launch of Instrumental Finance’s Liquidity Bootstrapping Pool (LBP). An LBP is a token distribution method that allows for fair and equal participation opportunities. Instrumental with the support of Composable is launching an LBP on November …
Continue reading “Composable Labs’ Incubated Project, Instrumental Finance, Announces Upcoming LBP”
How Solana and Cardano are paving new avenues for NFT growth
The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial …
Continue reading “How Solana and Cardano are paving new avenues for NFT growth”
Eurosystem Approves New Oversight Framework Concerning Crypto Services
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, …
Continue reading “Eurosystem Approves New Oversight Framework Concerning Crypto Services”
Eurosystem Approves New Oversight Framework Concerning Crypto Services
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, …
Continue reading “Eurosystem Approves New Oversight Framework Concerning Crypto Services”
Citigroup incorporates an additional 100 people into its crypto team
Citigroup has announced that it will be hiring an additional 100 people for its digital asset division. The firm has already appointed Puneet Singhvi as the head of the digital asset division. Citigroup is one of the leading banks in the US, which is now doubling down on its crypto investments, and this new team …
Continue reading “Citigroup incorporates an additional 100 people into its crypto team”
Regal to partner with Flexa to enable digital currency payments in theatres
On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets, food, and beverage. Regal will accept a wide variety of coins and tokens, such …
Continue reading “Regal to partner with Flexa to enable digital currency payments in theatres”
Exodus wallet integrates with SportX to enable esports betting with crypto
Cryptocurrency wallet Exodus has officially integrated with SportX, an online sports and crypto betting platform, giving users the ability to wager on esports games through smart contracts executed on the Polygon network. The partnership, which was announced Tuesday, gives Exodus’ more than 1 million users access to SportX’s decentralized betting exchange where they can place …
Continue reading “Exodus wallet integrates with SportX to enable esports betting with crypto”
How Solana and Cardano are paving new avenues for NFT growth
The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial …
Continue reading “How Solana and Cardano are paving new avenues for NFT growth”
Indian parliament’s agenda for winter session includes bill on banning ‘private cryptocurrencies’
The Indian government will be considering a bill that would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country. According to a Tuesday publication, India’s lower house of parliament, Lok Sabha, will consider The Cryptocurrency and Regulation of Official Digital Currency Bill as one of …
Tim Draper’s ‘odd’ rules for investing in success
It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him …
Continue reading “Tim Draper’s ‘odd’ rules for investing in success”
Sandbox token SAND rallies 260% in November ahead of play-to-earn metaverse launch
SAND, the native token of the Sandbox — a blockchain-based gaming platform owned by Animoca Brands, inched higher on Tuesday, building on its gains made all across November, to reach another record high. SAND token price rose to $5.64 after swelling 16.25% intraday but retraced some of those gains to trade at $5.54 at the press time. …