According to reports, there’s a 32 million square-foot island located in Vanuatu that’s in the midst of being constructed into a crypto-centric residential community by the island’s owners: Satoshi Island Holdings Limited. So far, more than 50,000 individuals have applied to live on Satoshi Island, and land rights will be minted in the form of …
Tag archives: Bitcoin
Dems propose Treasury e-cash, a peer-to-peer electronic cash system
House Democrat representatives today are introducing a bill that calls for the development of an electronic version of the U.S. dollar that has the same legal status and privacy expectations as physical cash. The bill, titled Electronic Currency and Secure Hardware (ECASH) Act, would direct the U.S. Treasury Department, not the Federal Reserve, nota bene, …
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A member of the E.U. Parliament says crypto transactions shouldn’t be anonymous
Paul Tang, a member of the E.U. Parliament, believes that transferring cryptocurrencies should require information about the sender and the receiver, just like bank transfers. Tang, who heads the E.U. Parliament’s Subcommittee on Tax Matters, called the pushback against the upcoming crypto AML regulation “another social media storm by crypto bros.” A new E.U. proposal …
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Rich VCs got even richer off the back of the APECoin airdrop
APECoin, the ERC-20 governance and utility token of the Bored Ape Yacht Club (BAYC) ecosystem, launched on March 17. Having been listed from the off by several major exchanges, including Binance, Huobi, Coinbase, Kucoin, and Gate.io, APECoin stormed the rankings to place 40th today, with a market cap of $4.2 billion, in less than two …
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Retail giant El Corte Inglés and Deloitte in cahoots to launch crypto exchange
El Corte Inglés, allegedly the third-largest department store chain in the world, has entered a partnership with Deloitte, one of the “big four” accounting firms, to develop and launch a crypto exchange aimed at El Corte Inglés’ 11 million registered customers. The retailer has hired Deloitte to develop a technological platform through which it can …
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IMF’s conflicting views on sanctions, dollar reserves, and the dangers of Bitcoin
In an interview with Foreign Policy, IMF’s managing directors Kristalina Georgieva and Gita Gopinath shared their views on the impact Russia’s war on Ukraine has on the financial market. The two women, holding the top two positions at the International Monetary Fund, agree that the impact can already be felt but it will take another …
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Biggest Movers: SOL Moves Past LUNA, as EOS and FIL Lead Monday’s Gainers
Solana reclaimed the eighth position in the crypto top ten, as ADA and DOT were both over 10% higher to start the week. Despite this, it was EOS and FIL which led today’s gainer, with FIL gaining over 30% in the session. Filecoin (FIL) FIL rallied by as much as 30% to start the week, …
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Report: Digital AUM Surged to $48.7 Billion in March, Average Weekly Flows Turn Negative
The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown. In contrast, the average daily trading volumes fell by 29.6% to $259 million during this period. BTC and ETH Products Lag Behind According …
Bitcoin, Ethereum Technical Analysis: BTC, ETH Close to 3-Month High to Start the Week
Bitcoin and ETH rallied on Sunday evening, as prices approached their highest level in almost three months. BTC climbed above $47,000, while ETH moved past the $3,300 point to start the week. Bitcoin Bitcoin started the week in strong fashion, with prices rising past $47,000 for the first time since the beginning of the year. …
Quidax Unveils One of Africa’s Biggest Music Producers as Its Brand Ambassador and Announces the Launch of Its Crypto Academy
press release PRESS RELEASE. At a press conference last week, African founded cryptocurrency exchange, Quidax announced that it will be collaborating with popular record producer, Micheal Collins popularly known as Don Jazzy. The crypto start-up had launched an online campaign with #TheQuidaxCall. The campaign which started on Tuesday, 15th March saw Quidax reveal celebrities like; …
Rio de Janeiro to Accept Cryptocurrency Payments for Taxes Next Year
Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies. This makes it the first city in the country to do so, recognizing there is a boom in the cryptocurrency market. These actions form part of a plan that …
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The tables are turning in Russia as energy minister calls for the legalization of crypto mining
Russia’s Deputy Minister of Energy said that cryptocurrency mining in the country should be fully legalized as soon as possible. This Saturday, the minister addressed the legal vacuum cryptocurrency mining exists in, saying that the fact that the industry is regulated federally, instead of locally, significantly hinders its development. More officials in Russia want more …
Upcoming EU vote could leave self-hosted crypto wallet users high and dry
Head of Strategy & Business Development at Unstoppable Finance Patrick Hansen warns that unhosted crypto wallet users are at risk in the EU. In a recent tweet, Hansen said the EU Commission had proposed a revision of the existing Transfer of Funds Regulation act. This would require financial institutions, including crypto exchanges, to provide information …
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Here are 3 alternative play-to-earn card games like Axie Infinity
Card-based crypto games, where players primarily collect and battle with NFT cards, gained widespread exposure from Axie Infinity, one the largest and most successful GameFi projects to date, with a top market cap of $10.2 billion on November 7, 2021. Compared to other GameFi genres, like virtual-world metaverses (The Sandbox, Decentraland) and builder games (DeFi …
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Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency
In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital currency. Benefits of a CBDC The Ghanaian central …