Month: January 2022

Bank of Jamaica completes first CBDC pilot

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The Bank of Jamaica (BoJ) has successfully completed its f central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022. After proceeding with initial CBDC prototype testing in March 2021, Jamaica’s central bank finished an eight-month-long pilot last Friday, the Jamaica Information Service reported. As part of the pilot, the BoJ minted 230 million Jamaican dollars (JMD) ($1.5 million) worth of the CBDC for issuance to deposit-taking institutions and authorized payment service providers on Aug. 9, 2021. The central bank then issued 1 million JMD ($6,500) worth…

Square Enix President Talks NFTs, Metaverse, Blockchain Gaming in New Year’s Letter – Bitcoin News

Yosuke Matsuda, president of Square Enix, a leading game developing company, has voiced his opinion about the rise of new technologies and trends like NFTs, blockchain gaming, and the metaverse concept in the gaming space. Matsuda explains the business strategy around these, detailing how Square Enix is moving to include them in their upcoming games. Square Enix Reveals New Tech Strategy Yosuke Matsuda, the president of Square Enix, the game company behind million-dollar franchises like Final Fantasy, has detailed the next steps when it comes to including new, blockchain-based technologies…

Bitcoin network turns 13, celebrates with new hash rate all-time high

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Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC network shows no signs of slowing down by reaching a new all-time high hash rate of 207.53 million tera hashes per second (TH/s). The Bitcoin hash rate, which correlates to the strength of the network based on the number of active miners, saw a temporary downfall after China…

Samsung Announces 3 TVs for 2022 With NFT Trading Capability

Samsung Electronics announced three TV models for 2022 that will enable NFT trading on the set, the company said on its website on Monday. The application features an “intuitive, integrated platform for discovering, purchasing and trading digital artwork through MICRO LED, Neo QLED and The Frame,’ the three new TV models. NFTs (non-fungible tokens), feature prominently in the metaverse, a superset of virtual reality, augmented reality and the internet, writes CoinDesk reporter Eli Tan in his deep dive into the phenomenon. “NFTs will also play a foundational role in the…

BLOCKS: Industry Agnosticity in Blockchain

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BLOCKS is an innovative decentralized autonomous organization that offers blockchain solutions to companies that need to alter their modus operandi. The core objective of BLOCKS is to help companies revolutionize the way they operate and make industries benefit from blockchain technology, considered as the future of finance. One of its aims is to migrate traditional, existing businesses onto the blockchain. The business space is undergoing a massive transformation in terms of how enterprises are run, thanks to blockchain. This technology is continually evolving, and it’s only logical that companies tap…

Eminem Buys Bored Ape Yacht Club NFT That Looks Like Him For $452K

Eminem, the Grammy Award-winning rapper, has joined the Bored Ape Yacht Club (BAYC), purchasing one of the non-fungible token (NFT) apes for 123.45 ether ($462,000) on the OpenSea platform. Eminem Buys BAYC NFT Eminem, the famed Detroit rapper, has joined the Bored Ape Yacht Club (BAYC). The NFT, named “EminApe,” depicts Eminem’s iconic Bored Ape figure wearing a khaki army cap and a gold chain necklace, both of which he frequently wears in real life. BAYC member GeeGazza sold the digital artwork for 123.45 ETH, which is around $450,000 USD.…

Ethereum Co-Founder Vitalik Buterin Talks Argentina, BCH, Stablecoins, Scaling in Tweetstorm – Bitcoin News

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Vitalik Buterin, the co-founder of Ethereum, the second-biggest cryptocurrency by market cap, has reacted to some of his earlier beliefs in a new year’s tweetstorm. The developer touched on some subjects including the rise of cryptocurrency in Argentina and how stablecoins are thriving in the country, how ethereum scaling is still a pressing concern for him, and the performance of bitcoin cash. Vitalik Buterin Reflects on Earlier Takes Vitalik Buterin, the co-founder of Ethereum, touched on some of his earlier opinions about some subjects and how these fare…

Raids on 6 Indian Crypto Exchanges Uncovered $9.4M in Unpaid Taxes

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Indian tax authorities have raided around half a dozen of the country’s biggest cryptocurrency exchanges under the suspicion of tax evasion. Some of the raided exchanges are CoinSwitch Kuber, CoinDCX, BuyUCoin and Unocoin. According to the sources of local media, the crackdown by the Mumbai CGST and DGGI has detected tax evasion of more than $9.41 million by the Indian exchanges. “These service providers were charging a commission for their facilitation to indulge in exchange of bitcoins but were not paying GST tax. These transactions were intercepted by DGGI and…

Bitcoin holdings of public companies have surged in 2021

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The quantity of Bitcoin held by private corporations has increased significantly during 2021, building on increases from the previous year. In a Jan. 3 tweet, on-chain analyst Willy Woo claimed that public companies holding “significant BTC have gained market share from spot ETFs as a way to access BTC exposure on public equity markets”. This has been more noticeable since MicroStrategy’s “Bitcoin for Corporations” conference on Feb. 3 and 4, 2021. The online seminar aimed to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and…

New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week

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Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000. After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found. With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts say. So far, however, all is…