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Day: December 2, 2021
The Taliban will never understand crypto, according to founder of LEARN Afghanistan
Pashtana Durrani, the founder of an organization working to make education available to women and girls across Afghanistan as the country remains under Taliban rule, said the Islamic fundamentalist group has poor financial literacy, especially when it comes to crypto. In a Wednesday interview with political commentator Tommy Vietor from Pod Save the World, LEARN Afghanistan founder Pashtana Durrani said the international community — particularly the United States — should consider removing the sanctions imposed on Afghanistan and unfreezing funds controlled by foreign governments. According to Durrani, limiting foreign aid…
Aligning Social and Financial Capital to Create Better Money
A common story we are told is that money arises from the insufficiency of barter. Known as the “double coincidence of wants” problem, it is said barter was too limiting and a more flexible medium of exchange was needed. According to anthropologist David Graeber in his book, “Debt: The First 5000 Years,” this story is not true. To summarize his findings in ancient societies, what was found as “money” was delayed barter. For example, I don’t need item A now but I may need it in the future. I will…
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Hut 8 Sticks to Its ‘Hodl’ Strategy After Mining 265 Bitcoins in November
Hut 8 also said it has completed the deployment of its high-performance Nvidia chips at Hut 8′s site in Medicine Hat, Alberta, which is generating roughly 1.8–2.0 additional bitcoins per day. The miner is currently generating a total of 8.8 bitcoins per day. Source
Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments
Bitcoin has spread its wings far and wide and no nation has been left out. All around the globe, there is bitcoin adoption going on, both as a payment method as well as an investment option. The latest company to implement bitcoin as a method is Croatian supermarket giant, Konzum. The move was announced on Wednesday as part of the chain’s mission to drive crypto payment adoption across its stores. Pay For Groceries With Bitcoin In the announcement, Konzum states that customers are now able to pay across its stores…
Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao – Bitcoin News
The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million Exploit — Engineers Pause Smart Contracts According to the official Badgerdao Twitter account, the team has noticed reports of unauthorized withdrawals from the protocol’s system. “Badger has received reports of unauthorized withdrawals of user funds,” the team stressed on Tuesday evening at 11:30 p.m. (EST). “As Badger engineers investigate this, all…
Can Bitcoin rally in December?
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) has had the shallowest correction of the year so far, having fallen just 17% from its all-time high. Does this mean we may be on track for a Santa Claus rally in December? PlanB’s popular floor model failed to hit its November closing target. This is the first miss for…
Crypto Investment Firm ParaFi Raises $30M for New Fund
ParaFi Capital, an investment firm focused on blockchain and decentralized finance, has raised nearly $30 million in a new fund, according to a regulatory filing. The ParaFi Private Opportunities – Series I fund opened on Nov. 19 and raised the money from 75 investors. The fund doesn’t have a set financial goal, and ParaFi checked “indefinite” for how long it will continue to accept investments. ParaFi also filed for a new growth fund that has yet to begin accepting investments. The company cited as “indefinite” both the total offering amount…
Jack Dorsey Takes Square Deep Down the Bitcoin Rabbit Hole
Dorsey has spent the last five-odd years fascinated with cryptocurrency and blockchains, primarily Bitcoin. He has heavily promoted and supported the development of the Bitcoin Lightning Network, and supported Bitcoin developers directly through a unit called Square Crypto (which will now be renamed, rather awesomely, Spiral). He added Bitcoin functionality to Square’s Cash App. At Twitter, he recently rolled out Lightning-based tipping, and before stepping down promised NFT (non-fungible token) avatar integration. Source