Month: September 2023

Building Trust in the Bitcoin Network in El Salvador

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Alex explained how there are now four pillars to Bitcoin education in El Salvador, with Mi Primer Bitcoin serving as the most basic. He recently left CUBO+ to create another program called Node Nation, with the goal of installing Lightning nodes in high schools and providing highly technical classes to talented teenagers. From there, students can apply to CUBO+, a sixsix-month long program that is highly selective. Next, students who want to become core developers can apply to Chaincode Labs, the highest tier of education currently available in-country. The curriculum…

Binance pledges $3M in BNB to Morocco earthquake victims

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Cryptocurrency exchange Binance has pledged millions of dollars in BNB (BNB) as aid relief for those affected by the large earthquake that struck Morocco on Sept. 8, causing at least 2,000 fatalities in Marrakech alone, the country’s fourth-largest city. According to a Sept. 11 announcement, Binance will airdrop up to $3 million in BNB to users identified as living in the affected areas. The earthquake was magnitude 7 on the Richter scale, which categorizes it as “major.” Changpeng Zhao, founder and CEO of Binance, called the earthquake “devastating” for the Moroccan…

Hong Kong and Israel Partner with BIS to Test CBDCs That Settle on Central Bank Balance Sheet

According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report titled “Project Sela – An Accessible and Secure Retail CBDC Ecosystem” released by the two central banks and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre. Project Sela has reportedly demonstrated that CBDCs have the potential…

Are NFT markets in a death spiral or ready for a resurgence?

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Nonfungible tokens (NFTs) saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back to earth, and it’s unclear whether there will be a resurgence.  NFTs are unique digital tokens recorded on a blockchain to certify ownership and authenticity. They can’t be copied or substituted but can be transferred and sold by their owner. According to analytics platform NFTGo, the NFT market cap valued in Ether (ETH) is down 40.59% over the past year at the time of writing, with trading…

TikTok Officially Launches Its E-Commerce Shop in United States

To encourage collaboration, TikTok Shop has introduced an affiliate program, allowing sellers to partner with creators on a commission basis to promote their products. TikTok has launched its long-anticipated e-commerce platform, TikTok Shop, in the United States, marking a significant milestone in the evolution of online shopping. With a user base of over 150 million in the country, the move aims to revolutionize how Americans shop online. The popular social media platform launched the pilot of its e-commerce program in November 2022. In February this year, the company started adding…

Former Celsius CEO Mashinsky seeks dismissal of FTC case

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Alex Mashinsky, the founder and former CEO of now bankrupt crypto lender Celsius, filed a new motion in court seeking the dismissal of the Federal Trade Commission (FTC) case against him “in its entirety.” The legal counsel for the former Celsius boss argued that the allegations against their client do not support the claim that he knowingly made a misstatement to “fraudulently obtain customer information from a financial institution.” According to the lawyers, the accusations do not meet the standards for a claim under the Gramm-Leach-Bliley Act (GLBA). This 1999 law…