The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws. Although Gawaxab did acknowledge that cryptocurrencies …
Author archives: Adam Owen
Suspect in Alleged $330,000,000 Crypto Fraud Offers To Repay Victims in Exchange for Temporary Release
A suspect accused of masterminding a $330,000,000 crypto scheme says he might be able to repay his victims if the courts will allow him to leave prison. Javier Biosca, a Spanish national, allegedly promised hundreds of investors 25% weekly returns through a firm he ran called Algorithmics, which supposedly traded Bitcoin, Ethereum and Litecoin. ADVERTISEMENT …
Amazon Hunts for Digital Currency and Blockchain Lead
Following a year of major revenue growth, Amazon is hunting for a digital currency and blockchain lead. The online retailer and information technology giant is looking for a product leader with at least 10 years of experience in product or program management, product marketing, business development or technology to join the company’s payments acceptance and …
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Litecoin Whales Quickly Add $30,000,000 in LTC Amid Decline in Value: Santiment
Blockchain analytics firm Santiment says Litecoin (LTC) is experiencing a strong wave of accumulation from whales, or wallets with at least 1,000 to 100,000 LTC. In a new report, Santiment says that Litecoin whales have increased their holdings by roughly 270,000 LTC, or about $30,000,000 since the beginning of July. ADVERTISEMENT The crypto insights …
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Amazon plans to accept Bitcoin payments this year, claims insider
An anonymous source within Amazon has reportedly told London business newspaper City A.M. that the e-commerce giant is planning to accept Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions. “This isn’t just going through the motions to set up cryptocurrency payment solutions at some point …
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Top Crypto Analyst Predicts New All-Time High for Uniswap, Examines State of Litecoin and Chainlink
Top crypto analyst Nicholas Merten is mapping out bullish scenarios for UNI, the native cryptocurrency of the decentralized exchange Uniswap. ADVERTISEMENT In a new video, Merten tells his 463,000 YouTube subscribers that UNI/Bitcoin is currently bouncing from a key support level. “Uniswap has been generally holding, albeit for a few exceptions where the wicks …
Countries representing over 90% of global GDP are exploring CBDCs
The quest to understand the opportunities and challenges of a central bank digital currency, or CBDC, is underway in 81 countries, with five nations fully implementing a digital version of their currency, according to a new tracker from the Atlantic Council. The Caribbean region is home to all five CBDCs that are currently in use, …
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Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing
A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false and misleading,” the lawsuit alleges. Class Action Lawsuit Against Coinbase Scott+Scott Attorneys at Law LLP announced Friday …
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81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new …
This Year’s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin
Young U.S. investors are more interested in bitcoin investments than they were three years ago, according to a poll stemming from the Gallup Investor Optimism Index. This year’s poll surveyed 1,037 participants and findings suggest 6% of American investors own bitcoin. American Bitcoin Investors Increase by 4% in 3 Years The American survey and analytics …
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A Deeper Look Into The Pirate Bay’s Mysterious ‘Piratetoken’ Soft Launch
In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the new piratetoken is a soft launch for a myriad …
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Can Cryptocurrency Save Colombia From an Economic Downturn?
HodlX Guest Post Submit Your Post The violence in Colombia associated with anti-government protests in April and May serves as a warning sign that the Colombian government might not have the power or authority to avoid a serious economic downturn – or worse, a debt crisis. This scenario is causing Colombians to reconsider how to …
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Finding the sweet spot: Traditional financial institutions ready for DeFi
Cryptocurrencies have been vying for the attention of large institutional investors for years and they’re finally getting the attention they wanted. Blockchain networks and their consensus mechanisms never made sense to the traditional investor, but decentralized finance, or DeFi? That’s something everyone’s looking to get behind. Traditional investors are more used to concepts like stocks …
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Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA
A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May 2021 sell-off. In doing so, it capped the cryptocurrency from extending its upside …
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Bringing the crypto payments ecosystem around the world: Ray Youssef
Though he has had 11 business failures, today Ray Youssef is building Bitcoin-funded schools across Africa as executive director of the Built With Bitcoin Foundation and is helping millions of people buy and sell cryptocurrency as CEO of Paxful. However, Youssef also admits to looting hardware stores on behalf of a convent school after Hurricane …
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