Month: May 2022
India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister
The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that [more…]
Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant
Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In [more…]
The Floor Value of Bored Ape Yacht Club’s NFT Collection Taps 152 ETH
The non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) has seen its floor value jump to 152 ether ($430K) for the cheapest Bored Ape [more…]
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital [more…]
Argentinian Government Advances the Creation of a National CBDC
The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number [more…]
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. [more…]
Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency — Finds Web3 Economics ‘Interesting’
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He [more…]
Binance Blocks Accounts Linked to Relatives of Senior Russian Officials
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the [more…]
World Bank Predicts 3% Gold Price Growth, Expert Says a $3K per Ounce ‘Is More Likely Than Not’
The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if [more…]
Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says
Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a [more…]
