Day: August 9, 2022

Global Adoption Of Cryptocurrency – The First Cryptocurrency Backed By A Nation

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Cryptocurrency adoption across the globe has been moving slower than most would like, but there is no doubt that there has been a lot being done so far. It started with El Salvador’s adoption of bitcoin as a legal tender, and it has spiraled from there. One thing that is yet to be done is a cryptocurrency backed by a nation. While other countries have gone the path of the Central Bank Digital Currency (CBDC), the Central African Republic has introduced an innovative monetary system to the world. Sango Enters…

BitMEX former executive pleads guilty to violating the Bank Secrecy Act

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Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline U.S. v. Hayes et al. goes on for two years, with BitMEX management being indicted for violating the U.S. Bank Secrecy Act.  According to the Wall Street Journal, on Monday, a one-time head of business development at BitMEX, Gregory Dwyer, admitted his guilt in violating the Bank Secrecy Act in court. As part of a plea deal, Dwyer…

Ethereum soars as crypto miners flock to ether

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s Kate Rooney joins the ‘Squawk on the Street’ to report on the optimism around ethereum as the price of the world’s second-biggest cryptocurrency gained about 70 percent in July. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with…

Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s Rapid Depreciation – Emerging Markets Bitcoin News

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Nigeria’s Economic and Financial Crimes Commission (EFCC) recently claimed it had identified individuals and organizations whose rapid accumulation of U.S. dollars recently accelerated the depreciation of the local currency, a report said. According to Abdulrasheed Bawa, the EFCC chairman, his organization is currently going after foreign currency speculators in Kano, Lagos, Port Harcourt, Enugu, and Calabar. EFCC’s Ongoing Offensive Against Forex Speculators According to the chairman of Nigeria’s EFCC, Abdulrasheed Bawa, the anti-graft body has now identified persons and organizations whose hoarding of the U.S. dollar sparked the recent rapid…

How To Take BTC From Reserve Asset To World Reserve Currency

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Is the Lightning Network bitcoin’s killer app? It might be, but there’s a long road ahead. One of the stops on that road is the possible inclusion of stablecoins. Does bitcoin need them? Aren’t there inherent counterparty risks with those? The debate over those questions rages on. And in their latest post, The Bitcoin Layer makes the case for this development to be crucial.  According to The Bitcoin Layer, “a global capital market operating on top of bitcoin-denominated financial rails is inching closer with each new onramp.” And the Taro…

How 800 Million Pounds of Himalayan Salt Are Mined Each Year | Big Business

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Himalayan salt doesn’t come from the Himalayas. It’s mined deep inside the mountains of Pakistan at the Khewra Salt Mine. The pink rocks are turned into table salt, lamps, and statues, sold at a premium in Western countries. But despite pink salt’s growing popularity abroad, Pakistan, historically, has seen little of the profits. MORE BIG BUSINESS VIDEOS: How 715,000 Pounds Of Cargo Moves Through Dallas Fort Worth Airport In 24 Hours | Big Business 70% Of The World’s Footballs Come From This…

Crypto Casinos Are ‘Impossible to Rig Because the Game Is Hosted on a Blockchain’ — Online Casino Reviewer – Interview Bitcoin News

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According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos that avail their licensing information. Bettors can also minimize risks by choosing crypto casinos that have several positive reviews, Ecclestone added. Crypto Casinos vs Traditional Online Gambling Sites Crypto casinos, just like many other services or innovative products that came to life courtesy of the growing use of…

Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu

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Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized society. Speaking at Korean Blockchain Week 2022 (KBW), the Hong Kong entrepreneur noted that we’re all “digital dependents” and “data is the resource of metrics” that bring value to platforms like Apple, Google, and Facebook, Sui said: “The most powerful companies in the world today are not energy companies or resource companies, they’re tech companies and they’re not powerful because they make…

Why Crypto Memecoin Whales Are Accumulating Tamadoge

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What crypto are the whales buying? After the ongoing crypto market crash in 2022, users are looking for the best meme crypto to buy now. Currently, many whales and investors are looking to buy TAMA – a new NFT project that is aiming to change the gaming sector by introducing DeFi (decentralized finance) protocols. This guide will review one of the best new crypto meme coins and why whales are accumulating Tamadoge. Why Tamadoge has Gained the attention of Memecoin Whales in 2022 The sections below look at 5 reasons…

Ready Player One gave us the misconception that the Metaverse is VR — Everyrealm CEO, KBW 2022

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Everyrealm CEO Janine Yorio has dispelled misconceptions that the Metaverse can only be presented “exclusively in VR.”  Speaking on Aug. 9 during Korean Blockchain Week 2022, Yorio told an audience in Seoul that Steven Spielberg’s Ready Player One had given us a glimpse into what life could be like if we were living in the Metaverse. However, the movie gives us this misconception about the Metaverse because “the protagonist is wearing a VR headset”, she argues, despite most developments in the Metaverse currently being “developed for your desktop” according to…