El Salvador’s Bitcoin legal tender bill passes into law on Tuesday, September 7, despite objections from locals who appear to be against its implementation. Nonetheless, soon after the Congressional vote in June, President Bukele said the law would pass, and nothing will stop it from happening. “I don’t see this being stopped, this is going …
Tag archives: Bitcoin
El Salvador creates history after buying 400 Bitcoin (BTC)
El Salvador creates history after buying 400 Bitcoin (BTC) President Bukele of El Salvador has announced that the country has purchased 400 Bitcoin. El Salvador’s President Nayib Bukele has revealed that the Central American country has successfully purchased 200 units of Bitcoin in a tweet on Monday. This makes the country the first government in …
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14 Suspects in Cryptocurrency Investment Scam Arrested in Taiwan
Fourteen suspects allegedly behind a cryptocurrency scam have been arrested in Taiwan. According to the country’s Criminal Investigation Bureau, the scheme has defrauded investors out of millions of dollars. Suspects Behind Crypto Scam in Taiwan Arrested The country’s Criminal Investigation Bureau (CIB) explained that the crypto scam allegedly defrauded more than 100 people out of …
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FTX Launches Cross-Platform NFT Marketplace
FTX, a spot and cryptocurrency exchange, announced the launch of an NFT marketplace on its trading platform today. According to the information provided by CEO Sam Bankman-Fried, the marketplace will be available both for customers in the U.S. and in other locations. FTX is likely trying to capitalize on the popularity of these instruments, which …
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Akon’s $6 billion ‘AkonCity’ is only a placard in a Senegalese greenland
A little over a year ago, Senegalese-born songwriter Akon proposed to build a new city worth around $6 billion that would be the “beacon of innovation and human development” in Senegal. At inception, the proposal was greeted with much glamor and enthusiasm, however, a year after and little to nothing has been done except laying …
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How individuals can ‘unbank’ from TradFi using crypto
How individuals can ‘unbank’ from TradFi using crypto | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Adoption And where the world bank failed, DeFi platforms are in a position to succeed. For example, Bitcoin – with its hard cap on mining at …
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Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil
Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market and hinted at a possible direct integration of bitcoin in payments. Visa …
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ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years
The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based solution that “does not jeopardize the whole banking system.” Lagarde Unveils ECB’s …
Kim Kardashian Called out by UK Regulator for Pumping Crypto Token That Could Harm Investors
Kim Kardashian has been singled out by the U.K.’s Financial Conduct Authority (FCA) for pumping a crypto token that could put investors at risk. With 250 million Instagram followers, the FCA chairman said that Kardashian’s cryptocurrency promotion “may have been the financial promotion with the single biggest audience reach in history.” Kim Kardashian Promotes Crypto …
Fake Banksy NFT sells for £244,000. Let’s talk about NFT vulnerabilities.
In an elaborate hoax this week, NFT collector Panksy ended up buying a fake Banksy NFT for £244,000, which would be considered a bargain in the world of NFTs these days. Although nearly all of the money was returned to the buyer, this incident alone highlights some of the ways NFTs are exposed to security …
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IOHK shuts down Cardano FUD after ‘1 transaction per block’ criticism
Cardano smart contracts are readying for rollout in less than a week. But, deep in the testnet phase, it’s emerged that a “quirk” in its eUTxO model may lead to issues of concurrency. What does this mean? eUTxO stands for extended unspent transaction output. These systems comprise the asset, smart contract, and additional on-chain data …
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El Salvador Starts Mass Buying Bitcoin Ahead of BTC Becoming Legal Tender Tomorrow
Bitcoin will become legal tender in El Salvador on Tuesday, Sept. 7. The Salvadoran government has started buying bitcoin ahead of the law taking effect. The first 200 coins have been purchased and “a lot more” are coming, said President Nayib Bukele. El Salvador Begins Mass Buying Bitcoin Ahead of Bitcoin Becoming Legal Tender El …
Baanx Acquires Stake in Major US Fintech Bank
press release PRESS RELEASE. Baanx, the fast growing B2B2C “Better than a Banking Platform” specializing in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout America. Maxwell State Bank is a fintech bank and VISA …
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ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow
The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In the early days, the Ethereum (ETH) protocol was …
’30for30′ Bitcoin Solidarity With El Salvador Trend Tries to Convince People to Buy $30 in BTC Tomorrow
It’s a big day for El Salvador this Tuesday, as the country’s new legal tender law will be enforced. A great number of bitcoin supporters have plans to purchase $30 worth of bitcoin to show support for the upcoming implementation of the bitcoin tender law. The $30 increment was conceived because Salvadoran president Nayib Bukele …