About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Polkadot has experienced a significant price advance in the last couple of days on the back of major developments like the recent Coinbase Pro listing and the start of the Kusama parachain slot auctions. Kusama Parachain Slot Auctions Commences Polkadot's (DOT) price went up 30 percent between June 14 and...
Miami-based real estate company E11EVEN Hotel and Residences said that it was the first in the industry to allow cryptocurrency deposits for its condominiums. E11EVEN Claims to Be a Trailblazer According to Fox Business on Monday (June 14, 2021), the co-founder of the real estate company, Marc Roberts, said that...
South Korean regulators want banks to classify crypto exchange clients as high-risk while financial service institutions clamor for greater indemnity regarding potentially illegal activities of trading platforms. South Korea’s Tightening Crypto Regulations According to a report by The Korea Times on Monday (June 14, 2021), South Korea’s Financial Services Commission...
The head of Italy’s securities market regulatory body Commissione Nazionale per le Società e la Borsa (CONSOB), has expressed concern over the lack of regulation for cryptocurrency, stating that the continuous use of unregulated crypto assets poses certain risks. Consob Chairman Calls for Robust Crypto Regulatory Framework According to Reuters...
As part of efforts to conduct more test on its upcoming central bank digital currency (CBDC) and expand the scope of the digital yuan, China completed it first salary payment with the CBDC powered by blockchain technology, in the Chinese state-level new area, Xiong'an. Blockchain Technology for Salary Payments in...
North American Bitcoin mining giant Bitfarms’ BTC adoption is going beyond mining Bitcoin and securing the network to including mined “coins” as part of its corporate treasury. Meanwhile, the company says increasingly harsher restrictions in China are helping the company to earn even more precious Bitcoin. Bitcoin Mined in 2020...
Billionaire Alan Howard and co-founder of macro hedge fund Brevan Howard continues to support the crypto industry, following new investments in two cryptocurrency startups. Howard Invests in Digital Assets Startups Copper and Kikitrade According to a report by Financial Times, Alan Howard led an extension of a Series B funding...
An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed,...
The International Monetary Fund has become the first major financial gatekeeper to reference the recent move by El Salvador to legalize Bitcoin. Several figures in the legacy financial space continue to espouse anti-crypto sentiments even as the market becomes more popular. IMF Raises Alarm over El Salvador Bitcoin Legalization According...
Fantom’s footprint across South and Central Asia is set for another milestone with the Directed Acrylic Graph (DAG) protocol set to make inroads into Uzbekistan. The decentralized ledger technology (DLT) protocol is looking to revamp critical areas of the Uzbek information technology (IT) matrix. DAG Solutions for Uzbek IT Infrastructure...
Polygon’s decentralized finance (DeFi) matrix is set for further expansion as MahaDAO readies the launch of the world’s first “valuecoin” on the network. MahaDAO’s value coin is a collateral-backed stablecoin with added yield farming capabilities for the algorithmic stable currency. ARTH Stablecoin to go Live on Polygon According to a...
Kraken, KuCoin, and Bitfinex are reportedly working towards establishing a business presence in India’s crypto market. The move is despite the lack of clarity in the country’s approach to virtual currency regulations and the central bank’s continued criticism of the industry. Three Crypto Exchanges Plotting Indian Foray According to Reuters...
The President of Iran, Hassan Rouhani, is looking to establish regulatory policies for the cryptocurrency industry. Meanwhile, crypto mining activities remain banned in the country. Iran Planning to Create Crypto Regulatory Policy According to local news media, the Iranian President made the statement while presiding over the Economic Coordination Board...
Hester Peirce, a Commissioner of the United States Securities and Exchange Commission, also known as “Crypto Mom”, has said that any attempt by the U.S. regulators to impose strict regulatory policies on the crypto industry could stifle innovation in the country. Hester Peirce Calls for Self-Regulatory Framework In an interview...
Spanish seafood company Nueva Pescanova has partnered with IBM to utilize the latter's blockchain-based solution, Food Trust platform, to trace seafood products across the supply chain. Tracking Seafood Supply Chain with Blockchain Technology IBM announced the collaboration in a press release on Tuesday (June 8, 2021). Accoding to the announcement,...
