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Report: Number of African Cryptocurrency Users up by Nearly 2,500%
22.3.2022
The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin...
Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years
12.3.2022
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency...
Freedom Convoy Continues, Trudeau Begs Protestors to Stop, Fundraiser Raises $542K in Bitcoin
8.2.2022
During the last week, a large number of truckers are still occupying the streets of Ottawa protesting the vaccine mandates. On Monday, Canadian Prime Minister Justin Trudeau begged protestors to stop the demonstration and said “It has to stop.” Meanwhile, after Gofundme shut down...
U.S. Congressman wants to scrub bill provision that crypto advocates say is a potential disaster
28.1.2022
Representative Ted Budd stated that the provision would let the Treasury unilaterally prohibit certain financial transactions without public input
NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate
26.1.2022
ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms. At the core of ETH in Mellieha is an Oil Painting that...
Mid-Way Cool Down: Analysts Believe Bitcoin Price Cycle Is Incomplete, Trader Says BTC’s ‘Next Move Should Be Cycle’s Top’
7.1.2022
The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day. Meanwhile, crypto advocates are furiously debating whether this is a bitcoin bear market...
Kickstarting the Bitcoin Network: A Look at the Genesis Block and Source Code That Sparked a Financial Revolution
3.1.2022
13 years ago today, the anonymous creator of the Bitcoin protocol kickstarted the network by mining the genesis block. Satoshi started the genesis block on Saturday, January 3, 2009, at precisely 1:15 p.m. (EST), and since then more than 700,000 blocks have been mined into existence. Kickstarting...
US Senator on Crypto: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Wealthy
30.12.2021
U.S. Senator Elizabeth Warren has argued that cryptocurrency is not a path to financial inclusion like crypto advocates claim. “Bitcoin ownership is even more concentrated within the top 1% than dollars,” she said, emphasizing the need for “real solutions to make the financial...
Video Game Retail Giant Gamestop Reveals More Clues About Upcoming NFT Marketplace
29.12.2021
At the end of May, crypto advocates discovered a website created by the video game retailer Gamestop. The web portal disclosed that Gamestop was entering the world of blockchain tech and non-fungible token (NFT) assets. Gamestop’s NFT web portal has recently been updated and is requesting...
UAE to Jail Promoters of Fraudulent Cryptocurrency Schemes for Five Years, Offenders to Pay Over $270K in Fines
26.12.2021
Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort...
Market Analyst Says ‘Whole Crypto Sphere Is in a Bear Market’ as Prices Continue to Slide Lower
14.12.2021
The crypto-economy has been sliding in value this week and during the last 24 hours, it has lost 2.5% dropping to $2.3 trillion. The leading crypto asset bitcoin has slid 4.8% during the last seven days and ethereum has dropped 11.7% last week. The downward spiral has cryptocurrency advocates...
90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC
13.12.2021
On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference....
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
2.12.2021
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education...
Bitcoin Dominance Slides Below 40% for First Time in 6 Months
25.11.2021
During the last week, the price of bitcoin has been hovering below the $60K range and digital currency advocates are wondering which way the market is headed next. At the time of writing, the crypto economy is valued at $2.81 trillion and bitcoin’s market dominance has sunk below the...
Highly Anticipated Bitcoin Upgrade Taproot Activates — Taproot Script-Spends Seen in the Wild
14.11.2021
Bitcoin advocates are celebrating the successful implementation of the Taproot upgrade after block height 709,632. The upgrade was highly anticipated as it was one of the biggest changes since the introduction of Segregated Witness (Segwit) in 2017. After the upgrade was completed, the Bitcoin...
Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should ‘Oppose Spot Bitcoin ETFs in US’
14.11.2021
Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter...
Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the Price to Rally
13.11.2021
In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered...
Climate Chain Coalition advocates for the creation of a green economy at COP26
9.11.2021
A number of representative and delegates supporting the Climate Chain Coalition group spoke at a dedicated panel on Tuesday at COP26
Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I
7.11.2021
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after...
Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowden Says ‘Don’t Catalog Eyeballs’
25.10.2021
During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project...