The goal is to encourage mass adoption of the country’s new central bank digital currency (CBDC). The first 100,000 Jamaican individuals who use the CBDC, known as Jam-Dex, would get a $16 payment for free. The news was originally revealed on Thursday by Jamaican Prime Minister Andrew Holness in his Facebook post. Some Facebook users …
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Personal finance author and investor Robert Kiyosaki is issuing a warning to crypto investors. In a series of tweets, the Rich Dad Poor Dad author shares his fears about the government seizing people’s digital assets. Kiyosaki predicts President Biden’s executive order will pave the way for the government to create its own digital asset at …
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A self-made millionaire by 16, Jonathan Manzi is no ordinary entrepreneur. Now 31, the past 15 years have seen him start an energy drink business but shutter it once he realized that there wasn‘t enough of the required kava-plant ingredient in the world to feed his ambitions of competing against Gatorade. Becoming the youngest bar …
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Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by sanctions. This can be tough to square with crypto/blockchain’s supposed decentralized system …
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Self-made wealthy individuals worldwide appear more likely to invest in cryptocurrencies like Bitcoin (BTC) as opposed to those whose wealth is mostly inherited, a new survey suggests. Wealth-X, a research startup focused on wealth information, released a new report on the peculiarities of crypto investments made by wealthy people worldwide on Thursday. This report is …
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A digital asset’s price rally rarely comes out of the blue. Before the token’s market value explodes, some collateral forces come into motion. The asset can suddenly attract abnormally high online attention, its trading volume can go up dramatically, or some market-moving information can go public that triggers the first two examples. Mastering the art …
The defunct music sharing platform’s brand name will be used by a marketplace for non-fungible tokens (or NFTs). LimeWire’s brand name and logo will be used as the basis of a new marketplace for non-fungible tokens, according to reports from Bloomberg. LimeWire was a popular file-sharing site throughout the 2000s and was used to illegally …
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Crypto trading rose by 107%in Ukraine since the conflict began Combined Russian-Ukraine crypto trading in USDT and BUSD pairs has attracted an average of US$80m a day at times. A recent report issued by Financial Times highlights how the Russian invasion of Ukraine may help mainstream crypto adoption. The report further explains how crypto donations …
Terraform Labs’ 12 million LUNA donation will be burnt and minted into $1.2 billion UST. UST is a decentralized stablecoin that is closely associated with the LUNA token. UST supply has gone up by 28% over the past two months. Terraform Labs has announced a donation of 12 million LUNA to the Luna Foundation guard, …
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Blockchain is a distributed ledger technology and the first decentralized peer-to-peer payment network. Blockchain’s decentralized, open, and public design means that it can’t be altered or manipulated by any single person or company. Both Blockchain and DLT are examples of distributed ledger technologies. Both Blockchain and DLT are blocked with different records updated in a …
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A long-dormant Bitcoin (BTC) whale has emerged after more than a decade of inactivity, according to whale-tracking bot Whale Alert. Whale Alert finds that the address, which was last active in October 2010, recently moved 489 Bitcoin worth over $20 million at time of transfer. The deep-pocketed investor moved the crypto assets to an unknown …
A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network. The new proposal was created on behalf of Blockchain at Michigan, and in partnership with the Celo Foundation and the Celo Climate Collective. Once passed, Uniswap …
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Bitcoin (BTC) saw instant volatility on March 11 amid hope that the Russia-Ukraine conflict could find a diplomatic solution. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hope rises — but so do Bitfinex shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly surging $1,400 before reversing to consolidate below $40,000 Friday. The move followed …
Amid global businesses boycotting the Russian residents over military conflict in Ukraine, some companies in the cryptocurrency industry stand up for the rights of non-sanctioned Russian citizens. Bitfinex, an affiliate firm of the world’s largest stablecoin provider, Tether (USDT), will not unilaterally freeze the accounts of ordinary Russian customers as part of the global sanctions …
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Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a verdict on the presence of Bitcoin (BTC) ATMs within the island country. In what has come as a surprise to many within the industry, the U.K. authority has issued a stern “shut down or face further action“ order to operators of Bitcoin ATMs, …
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