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Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards
10.1.2021
On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s...
Blockchain Projects Gain Boost in Seoul’s USD 7Bn 2021 Spending Plan
8.1.2021
The South Korean government has pledged to spend USD 7bn on public projects this year, a figure that will include blockchain spending.
The money will back what ministers have labeled the “Korean New Deal,” and particularly what they have called the “core” of the measures, the “Digital New Deal,”...
Russian CBDC To Create 'Centralized Database' of Spending, Expert Warns
4.1.2021
Another Russian crypto expert has warned of the dangers of the nation’s Central Bank issuing a so-called digital ruble, claiming that neither consumers nor banks are yet sold on the idea of using a digital fiat.
In an interview with AB News, Viktor Dostov, the Chairman of the Russian Electronic...
Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual
25.12.2020
The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner...
Trump Pardons War Crimes, Illegal Steam Spending
23.12.2020
The White House announced a new round of presidential pardons yesterday, granting clemency to several controversial figures. Among them were the perpetrators of the Nisour Square massacre and Duncan Hunter, a former California congressman who was indicted for illegally using campaign funds...
Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise
23.12.2020
The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan. Of course, talks of Americans getting $600 checks have started to circulate online, but reports also include the discussions...
Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package
21.12.2020
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...
Bitcoin’s Early Days: Reporter Recalls $200K Sushi Dinner After Spending 10 BTC, Former Bitcoin Dev Sells 55,000 BTC for Under $30 a Coin
19.12.2020
As bitcoin touched an all-time price high this week, the tech reporter at the New York Times, Kashmir Hill, recalled how she spent 10 BTC ($224k) for a sushi dinner for a couple of dozen strangers. Hill wrote about the dining experience in a recent article called “How I Blew My Bitcoin...
New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans
7.12.2020
Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that...
Status of Second Stimulus Checks as Deadline for Government Shutdown Draws Near
1.12.2020
As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected...
Spending Sats: A Look at This Year’s Bitcoin Black Friday Deals
26.11.2020
Every year the shopping holiday called Black Friday allows consumers to get better deals on products and services. On November 24, the day also known as ‘Bitcoin Black Friday’ will provide crypto users access to deals when they purchase items with digital assets like bitcoin. Due to...
Deloitte: Financial institutions to boost future blockchain spending
25.11.2020
A representative from the company expects 2021 to be "a breakout year for blockchain."
Chat App Line Offers Crypto Cashback-type Rewards for e-Pay Spending
18.11.2020
Japan-based chat app operator Line has upped the stakes in its crypto business again by combining its Line Point Club rewards program with its link (LN) cryptoasset – allowing earners to trade in their points for link tokens.
The new program, which launched this week, will make use of the firm’s...
US Presidential Election Unlikely to Alter Bitcoin’s Path: Analyst
4.11.2020
Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin...
Coinbase to Launch Crypto Debit Card in US for Retail Spending
28.10.2020
Coinbase is launching its Visa debit card in the U.S. early next year
Here’s How Big-spending Chinese Firms Use their Blockchain R&D Money
20.10.2020
A new study of how Chinese firms have been making use of the millions of dollars they have injected into blockchain technology has found that companies are prioritizing government-related developments and financial sector solutions.
The report, published by Securities Daily (via East Money), looked...
Digital Ruble Can Help Track Government Spending, Bank of Russia Says
13.10.2020
The Bank of Russia proposed a potential CBDC project Tuesday, but wants public comments before proceeding
Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook
28.9.2020
U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues...
Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending
24.9.2020
Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere
Ethereum Classic Suffers 51% Attack Again: Delisting Risk Amplified
30.8.2020
Beleaguered Ethereum Classic (ETC) blockchain suffered yet another 51% attack on August 29. The latest attack caused the reorganization of over 7,000 blocks and this corresponds to approximately two days of mining. At the time of reporting, it was not clear if there had been any double-spending...