Day: April 27, 2022

US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’ – Economics Bitcoin News

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In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still “has great inertia.” Process to Change Role of Dollar Very Slow The former governor of the Chinese central bank, Zhou Xiaochuan, insisted in a recent interview that “unless there is [a] change in the global landscape” the U.S. dollar will remain the…

Central African Republic will adopt Bitcoin as legal tender: Report

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The roughly five million residents of the Central African Republic, or CAR, will now reportedly be able to use Bitcoin in addition to the country’s franc as legal tender.  According to a Wednesday report from news outlet Agence France-Presse, Central African Republic President Faustin-Archange Touadéra has signed a bill into law establishing a regulatory framework for the use of cryptocurrency in the country as well as adopting Bitcoin (BTC) as legal tender. Obed Namsio, the president’s chief of staff, said the move was aimed at making the CAR one of…

Biggest Movers: NEAR Hits 1-Month Low, XMR Down 12% – Market Updates Bitcoin News

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NEAR saw recent losses extend on Wednesday, as it fell to a one-month low during today’s session. The decline in NEAR came as XMR also traded in the red, falling to a multi-week low in the process. NEAR Protocol (NEAR) NEAR was one of the biggest tokens to fall on hump-day, as prices fell to a one-month low earlier in today’s session. Following a peak of $15.18 on Tuesday, NEAR/USD slipped to an intraday bottom of $12.50 on Wednesday. The drop saw NEAR fall to its lowest level since March…

What is a Mining Pool in Crypto? (Animated + Examples)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is a Mining Pool? A mining pool is a way that cryptocurrency miners can win rewards faster by grouping together to split up the block’s rewards. Instead of having to wait on average 10 days, for example, they could join a pool of 10 people, changing the average wait from 10 days to 1 day. However, they will also have to split the rewards between all the other miners in the pool. If this is confusing, watch the video and you…

Riot Blockchain to Develop 1GW of Bitcoin Mining Capacity in Texas

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Q1 2022 venture capital activity in crypto set to outpace 2021

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The first quarter of 2022 saw unprecedented growth in terms of venture capital activity in different blockchain sectors. In 2021, venture capitalists poured in over $30 billion into infrastructure, nonfungible tokens (NFTs), decentralized finance (DeFi), centralized finance (CeFi) and Web3. That set the bar pretty high if 2022 was going to beat it. In the first quarter of 2022, capital inflows from venture capitalists were over $14.6 billion, or around 48% of all the capital investment by the last year.  Over 500 individual deals were struck in the first three…

Founders Fund, Pantera Invest in DeFi Investment Bank Ondo Finance

The token will provide voting rights in the DAO, which will include the ability to control components of the smart contracts and to dictate some strategic decisions like partnerships with chains and stablecoins. The tokens will initially be globally non-transferrable, meaning the tokens can’t be sold in a secondary market, Allman told CoinDesk, partly to give Ondo time to set up liquidity mining to drive adoption. Source