Education & News
The founder of cryptocurrency protocol project, Oyster Pearl, is being charged by the Internal Revenue Service (IRS) for tax evasion. Amir Bruno Elmaani, who raised millions in token sales, has been accused of personally pocketing millions of dollars of the tokens raised in an ICO for Oyster Pearl, without reporting
Bitcoin
A Chilean NGO, ONG Bitcoin Chile has created a draft to include cryptocurrency in its new constitution. The pro-crypto NGO announced the preparation of a proposal at a cryptocurrency conference. Chilean Cryptocurrency Constitution The NGO is using a new Constitution drafting process, which was approved in October during a referendum.
Blockchain
One of the brains behind Apple technologies has forged a new path in the blockchain industry with a new crypto venture which raised $950 million in 13 minutes. Steve Wozniak's Efforce was able to get its tokens listed and raise funds effortlessly in a matter of minutes. Apple
Bitcoin
The Venezuelan Army has launched a cryptocurrency mining facility as it seeks ways to generate extra income in the wake of the country's falling economy. According to a recent post by General Lenin Herrera of the Engineering Brigade, the military has inaugurated a "Digital Assets Production Center
Bitcoin
David Schwartz, Chief Technology Officer of Ripple, tweeted that the group could force the burning of billions of native XRP tokens stored in escrow to avoid the price collapse that would probably arise if those billions of frozen tokens ever flooded the market. Community Calls for Billions of XRP to
Bitcoin
With $275 billion in assets under management, Guggenheim Partners is looking to gain exposure to Bitcoin. The firm filed an amendment with the SEC to gain investment exposure of 10% in Grayscale Bitcoin Trust. Investment Firm Bets on Bitcoin The investment firm could allocate over $500 million from Macro Opportunities
Bitcoin
Surprisingly, the launch of the digital Euro is anticipated to take place at a much later date than expected. Central bankers have agreed that even a proof of concept for a digital Euro is four or five years away. Digital Euro to Launch in 5 Years While central bank digital
Bitcoin
Bitcoin has gained ground in 2020, despite Covid-19 and the perilous market conditions which many traditional assets were not able to handle. Bitcoin Beats the Odds in a Covid-19 World The Bitcoin rally of 2020 caught many people by surprise. In previous years, the cryptocurrency had been mocked by critics
Bitcoin
The price of Bitcoin recently fell by over $2000, giving critics more ammo in to shoot at the reputation of the apex cryptocurrency. Despite the recent wave of headlines spelling doom and gloom, there is a lot of evidence that shows that the cryptocurrency's price will bounce back.
Education & News
Two of the most powerful central banks in the Middle East (UAE and Dubai) released a report on a joint central bank digital currency (CBDC) project. The report concludes that the CBDC is technically viable for cross-border payments. CBDC Trail a Success Project Aber involved the establishment of a "
Bitcoin
With each new week, people in Nigeria find more reasons to use cryptocurrencies such as Bitcoin to make their lives easier in an economy which lacks the financial infrastructure necessary to operate in a 21st century world. Nigeria Pushed to Adopt Cryptocurrency It is no surprise that Nigeria is one
Bitcoin
A recent publication by cryptocurrency rating agency - Weiss Ratings indicates that anticipation of a post-covid world could be fueling investors move to Bitcoin as a safe-haven asset; while other traditional assets like gold lose their attraction. According to the post by Weiss analysts, the global market reaction to recent