Prince Philip of Serbia and Yugoslavia says that bitcoin is freedom. Noting that “we need to take the money away from the state,” the prince stressed: “We need to have hard money again. We need to have good quality money that’s not subject to inflation.” Prince Philip of Serbia Praises Bitcoin Prince Philip of Serbia …
Tag archives: Bitcoin
Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited ability to adjust to a …
Yuga Labs acquisition of Meebits NFT IP reopen talks of market manipulation
There are concerns about market manipulation in the recent Yuga Labs acquisition of Meebits and CryptoPunk IP. This concern stems from an observation that between March 5 and March 11, several addresses purchased a total of 159 Meebits NFTs. Since its acquisition by Yuga Labs on March 11, the floor price has more than doubled …
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US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View on Crypto Use to Evade Sanctions Nellie Liang, Treasury …
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs …
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Vitalik Buterin tells Time Magazine crypto “has a lot of dystopian potential”
ETHDenver, one of the beloved crypto conferences in the world, took place this year between February 11 and March 21. The conference is the main developer-focused event of the year. It provides many opportunities to learn about new Blockchain innovations in addition to happy hours, open bars and after-parties. Ethereum’s founder Vitalik Buterin was naturally …
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FTX US President explains how crypto can help marijuana businesses
The banking problems of Marijuana-Related Businesses (MRB) is real. Currently, 34 states within the US allow either recreational or medical usage of cannabis. Even though possession and distribution are still illegal, the MRB industry’s estimated worth is at $16 billion. This number is expected to reach $57 billion by 2027. Yet, only 30% of the …
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Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%
As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range for most of the year. While the TVL in defi dropped 0.51% during the last 24 hours, statistics show the TVL today is hovering around …
The Number of SHIB Holders Shudders in 3 Days, Shiba Inu Slid 17% in Value Last Month
While most digital currencies have seen gains during the last month, the meme token called shiba inu has lost more than 17% during the last 30 days. Despite the fact that shiba inu is down 72% from the crypto asset’s all-time high, shiba inu is still up 37,130% against the U.S. dollar over the last …
Kenyans Lose Millions of Dollars to yet Another Cryptocurrency Scam: Bitstream Circle
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals. Withdrawals Blocked Reports from Kenya have said investors in an alleged crypto Ponzi …
Op-ed: The transformative potential of tokenised assets
Recent years have widened the conversation around cryptocurrencies and NFTs and the awareness surrounding digital assets is growing in line with widespread adoption. At the same time, retail investors have flooded the many online trading platforms that are now available, wishing to participate in financial markets which had traditionally only allowed access to a limited …
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Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree
The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account, …
Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating the country. Digital Ruble to Serve …
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Metametaverse Secures $2 Million — Aims to Achieve Metaverse Interoperability
Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through …
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Is Binance preparing to leave the Canadian province of Ontario?
Dispute between the Ontario Securities Commission (OSC) and Binance started on June 2021 when Binance announced its decision to quit Ontario due to a regulatory crackdown in the province. At the time, the OSC had begun taking legal action against many major exchanged platforms by alleging that they failed to comply with the province’s securities …
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