El Salvador President Nayib Bukele has announced a bitcoin giveaway to promote the cryptocurrency’s use as legal tender in the economy and to give people an incentive to use the government’s official wallet application. $30 in Free Bitcoin The president of El Salvador, Nayib Bukele, addressed many topics regarding his country’s new bitcoin law Thursday …
Tag archives: Ripple
SafeEarth Announces $200k+ in Charity Donations This Year
press release PRESS RELEASE. SafeEarth creates access to DeFi and at the same time, helps restore the world’s ecosystem and help humanity through collaborating with the most impactful projects. 25th June 2021, London, England Users of SafeEarth can enjoy the benefits offered by DeFi whilst preserving the delicate balance of the world. Today, the project …
Continue reading “SafeEarth Announces $200k+ in Charity Donations This Year”
Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions.” A Large Number of Scams While the FSCA …
Ethereum’s much-awaited EIP-1559 gets deployed on Ropsen testnet
As announced by Ethereum (ETH) core developer Tim Beiko, the London hardfork upgrade was successfully activated on the Ropsten test network. Following the last Berlin upgrade, Ethereum’s London hardfork is anticipated to solve the network’s congestion and high transaction fee issues, which raised concerns and criticism regarding its scalability and performance. We have a block! …
Continue reading “Ethereum’s much-awaited EIP-1559 gets deployed on Ropsen testnet”
Bullish or bearish? Crypto analysts share their view for where the market could go from here
Bullish or bearish? Crypto analysts share their view for where the market could go from here | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Analysis After witnessing one of the most significant sell-offs in crypto history, the May 19 crash, most remain …
Report: Nigerian NFT Artists Thrive Despite Bubble Fears and Ongoing Central Bank Anti-Crypto Restrictions
Nigerian artists are now increasing their net worth by leveraging the art world’s lucrative pivot to non-fungible tokens (NFT). According to reports, this move to NFTs is happening despite the Nigerian central bank’s renewed anti-crypto stance. NFT Bubble Concerns As a recent CNN report explains, growing interest in NFTs from Nigerian artists comes alongside warnings …
Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs
The latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country. The norm excludes NFTs, for now. Experts state the law …
Continue reading “Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs”
Bogota’s $2.8 Billion Program to Finance Blockchain Companies With up to $50 Million
The city of Bogota in Colombia just announced it will finance blockchain companies through a blockchain investment program. The program, called “Hub Blockchain Bogota,” will deliver financing to 100 companies developing blockchain-based solutions. This is part of a series of initiatives destined to modernize Bogota and turn the region into a smart city. Bogota Programs …
New Visa Card Allows Bakkt Users to Spend Bitcoin in Stores and Online
Customers using the Bakkt app can now apply for a debit card which will enable them to pay with bitcoin at merchants that don’t currently take crypto. The virtual Visa card can be added to Apple Pay or Google Pay to purchase items at thousands of retailers supporting the mobile payment systems. Bakkt Card Can …
Continue reading “New Visa Card Allows Bakkt Users to Spend Bitcoin in Stores and Online”
How comparing TradFi with DeFi reveals the future of finance
A unique combination of lockdowns, March’s stock market crash and Robinhood’s commission-free trading innovation created a massive surge of a new class of investors. At an average age of 31, millions of novice traders replaced sports betting, movie-watching and other hobbies with obsessive staring at stock charts on their newly discounted brokerages’ apps. Robinhood alone …
Continue reading “How comparing TradFi with DeFi reveals the future of finance”
JPMorgan says Bitcoin may dump to $25,000, cites Grayscale’s GBTC unlocks
JPMorgan analysts say the upcoming ‘unlock’ of a popular Bitcoin fund could cause further selling of spot BTC, driving the prices of the world’s largest cryptocurrency by market cap to as low as $25,000. “While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the …
Continue reading “JPMorgan says Bitcoin may dump to $25,000, cites Grayscale’s GBTC unlocks”
Nothing will ‘stop’ Bitcoin in El Salvador, says President after IMF, World Bank criticism
President Bukele said nothing can stop Bitcoin from seeing widespread adoption in El Salvador, and he sees no scenario in which it can be stopped. “I don’t see anything stopping it. Everything about the humans can be stopped. But I just don’t see how. It’s law, the government is working 24/7 in going to effect …
Bitcoin of America Makes It Big: The Team Behind One of the Largest Bitcoin ATM Operators Worldwide
press release PRESS RELEASE. Bitcoin of America, a popular virtual currency exchange, is known for their 1200+ ATMs across 31 US states. Bitcoin of America is looking to bring attention to the success their team, working behind the scenes, has had on the company’s growth. Some of their top executives were interviewed on the future …
UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Reduce Poverty
The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal settlement by its resident coordinator, Stephen Jackson. In a tweet, the mission …
US Regulators Have Imposed $2.5 Billion Penalties on Crypto Firms and Individuals
A new report shows that U.S. regulators have imposed fines and penalties totaling $2.5 billion on crypto firms and individuals so far. The U.S. Securities and Exchange Commission (SEC) has imposed the most fines, followed by the Commodity Futures Trading Commission (CFTC). Meanwhile, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) is the latest …
Continue reading “US Regulators Have Imposed $2.5 Billion Penalties on Crypto Firms and Individuals”