Day: September 25, 2021

A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit.  The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than any bank in El Salvador” after just three weeks in operation. Bukele indicated that it’s only a matter of time before Chivo adoption eclipses all banks in El Salvador combined. 2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads).…

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Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars – Regulation Bitcoin News

Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered a serious increase in turnover this year. Indonesia to Tighten Regulations Without Prohibiting Crypto Transactions The Indonesian government will not follow in the footsteps of China, which has confirmed a ban on all cryptocurrency transactions, the country’s Minister of Trade Muhammad Luthfi emphasized in comments to…

LD Capital Establishes $50M FOF for Supporting High-Quality Blockchain Funds Worldwide Including 1kx – Press release Bitcoin News

press release PRESS RELEASE. LD Capital announced it established a 50 million US dollars FOF towards supporting high-quality blockchain funds worldwide. Besides the financial support, hundreds of the projects invested by LD Capital will be shared as resources to the participated funds with post-investment services such as strategy consulting, market growth, and capital relations to enable the outstanding blockchain projects. LD Capital FOF has invested in well-known global funds like 1kx, Kraken Ventures, Republic, Shima Capital, Big Time Eco-fund, Signum Capital, and Hero Ventures. LD Capital FOF will continue to…

Treasury Secretary Janet Yellen warns of ‘extremely inefficient’ bitcoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In conversation with CNBC’s Andrew Ross Sorkin on Monday at the New York Times DealBook Conference, Treasury Secretary Janet Yellen issued a warning about the dangers that bitcoin poses both to investors and the public. Subscribe to CNBC PRO for access to investor and analyst insights on bitcoin and more: Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both to investors and the public. Despite a sharp slide in price to start the week, the cryptocurrency…

Crypto recovers on positive Fed and Evergrande news, then drops amid China FUD; Sorare and Dapper Labs raised a combined $930M: Hodler’s Digest, Sept. 19-25

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt The crypto markets were showing signs of recovery during the week as the U.S. Federal Reserve committed to carrying on its spending habits, while Chinese real estate giant Evergrande was…

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Derivatives data suggests Solana has reached a short-term top

Solana (SOL) reached a $216 all-time high on Sept. 9 after rallying 508% since Aug. The bull run caused some analysts to project a $500 target which would translate to a $150 billion market capitalization. It is worth noting that during SOL’s rally, the Ethereum network’s average transaction fee had surpassed $40. Surging interest in the NFT market accelerated investors’ transition to Solana, which was boosted by FTX’s NFT marketplace launch on Sept. 6. Solana, Avalanche, and Cosmos price at Binance. Source: TradingView The above chart shows SOL’s two-month performance…

The ‘Feels Guy’ Gets Blockchained — Rare Wojak NFT Project to Launch 4,000 Randomly Generated Wojaks – Blockchain Bitcoin News

While Pepe the frog and Doge made it into the limelight with unique and rare non-fungible token (NFT) assets, another NFT meme collection tied to the infamous 2010 meme “Wojak” has entered the fray. A new NFT collection stemming from the web portal called rarewojak.com has leveraged the notorious, old-school meme to release a compilation of Rare Wojak NFTs via the Solana network. Meet the Rare Wojak NFT Collection Wojak is an 11-year-old meme that appeared on the now-defunct imageboard Krautchan and after the picture went viral it could be…

China’s BSN Builder Is Registering a Nonprofit in Singapore to Manage International Arm

Red Date Technology, the company developing China’s Blockchain Services Network (BSN), wants the project to move past its government roots as it pushes for international expansion in a tumultuous geopolitical climate. Red Date filed in late July to register a nonprofit foundation in Singapore to manage the international version of the network, CEO Yifan He told CoinDesk. Read More: China’s Latest Crypto Ban Is Its Most Severe, Insiders Say The company hopes to bring international leaders from tech and financial services companies onto the board of directors, he said. The…