Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those that bought the asset in 2021 have not gained. Bitcoin Gains Higher Than Those …
Tag archives: Bitcoin
Mexico Announces It Will Issue Its Own Digital Coin by 2024
The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico …
Continue reading “Mexico Announces It Will Issue Its Own Digital Coin by 2024”
Gibraltar Stock Exchange Receives Purchase Proposal by Blockchain Firm
The stock exchange of Gibraltar, a British territory, has received a purchase offer by a blockchain firm called Valereum. The purchase, that is set to occur in the new year, if effective, might make the Gibraltar Stock Exchange the first bourse where cryptocurrencies and stocks could be traded with cryptocurrencies. Regulators are currently reviewing this …
Continue reading “Gibraltar Stock Exchange Receives Purchase Proposal by Blockchain Firm”
How a coastal town on the Portuguese Riviera modeled a coin for the post-pandemic economy
Cascais, a municipality in the Lisbon District of Portugal, is preparing to launch an innovative cryptocurrency, developed for boosting the local economy while incentivizing sustainable behavior, Diário de Notícias reported. Dubbed Cashcais, the coin is poised to drive a circular model of production and consumption–changing socio-economic ways of doing things in the coastal resort town. …
South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has said he will start …
Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.” Malaysian Authorities Shut Down Bitcoin Mining …
Continue reading “Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown”
Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. …
Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal
The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace called Fractal on December 30. Fractal’s focus is on NFTs with video game utility and the project launched an NFT collection called “Fractals,” a 100,000 unique snowflakes that give users benefits while using the primary and secondary NFT marketplace. Twitch Co-Founder Launches …
Continue reading “Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal”
Metaverse NYE Parties: Decentraland New Year’s Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox
There’s a New Year’s Eve fiesta in the metaverse called the Metafest 2022 Global Party hosted by the real estate firm Jamestown and the crypto investment firm Digital Currency Group (DCG) in Decentraland. According to the announcement, the owner of One Times Square, Jamestown will recreate the iconic site in Decentraland for the 2022 ball …
SEC Chairman Gary Gensler Adds Crypto Adviser to Executive Staff
The U.S. Securities and Exchange Commission (SEC) has added a number of advisers to Chairman Gary Gensler’s executive staff. Among them is Corey Frayer, who advises Gensler on “SEC policymaking and interagency work relating to the oversight of crypto assets.” SEC Has New Adviser for the Oversight of Crypto Assets The U.S. Securities and Exchange …
Continue reading “SEC Chairman Gary Gensler Adds Crypto Adviser to Executive Staff”
How Cronos gained $1 billion+ TVL in a month
Cronos is a new chain whose TVL reached $1.5 billion on December 13th, just one month since its Nov. 8 mainnet beta launch. Cronos isn’t any new crypto project—it’s Crypto.com’s solution to provide decentralized applications to its 10 million users and beyond, substantially growing the DeFi and DApp ecosystem. Built on the Cosmos SDK, developers …
Continue reading “How Cronos gained $1 billion+ TVL in a month”
$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life
According to reports, roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a collector. The owner of the NFTs Todd Kramer said the incident was “arguably the worst night” of his life. Furthermore, there’s claims that the NFT marketplace Opensea froze the …
100 NFT Collections Surpass $20 Billion in Volume — Cryptopunks, Bored Apes Capture Top Volumes
Non-fungible token (NFT) assets were extremely popular this year and to date, there’s been more than $20 billion in volume recorded in terms of NFT sales among 100 collections. While many single NFTs sold for millions of dollars a number of NFT projects and collections saw hundreds of millions and even billions in all-time volume. …
Bank of Mexico planning to launch CBDC by 2024
The Bank of Mexico took to Twitter to announce their plans to launch a central bank digital currency (CBDC) by 2024. The announcement stated that the Banxico (Bank of Mexico) will have its own CBDC in circulation by 2024 as it considers “these technologies and state-of-art payments infrastructure as options of great value.” El @Banxico …
Continue reading “Bank of Mexico planning to launch CBDC by 2024”
The number of installed Bitcoin ATMs more than doubled in 2021
More than 20,000 new Bitcoin ATMs were installed around the world since the beginning of 2021, according to Coin ATM Radar that keeps tabs on all the locations where crypto can be bought and/or sold for cash. 2020 ended with 12,869 Bitcoin ATMs installed around the globe, and during the past year, that number climbed …
Continue reading “The number of installed Bitcoin ATMs more than doubled in 2021”