A former member of the Tongan Parliament is behind a proposal to make Bitcoin (BTC) legal tender in the tiny Pacific nation of Tonga, following in the footsteps of El Salvador. It’s due for a vote in Parliament in May and the early signs are encouraging. Mataʻiʻulua ʻi Fonuamotu, Lord Fusitu’a told Cointelegraph that plans are in motion to use…
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services provider SIX. Swiss Central Bank Tests Integration of Wholesale CBDC Settlement With Private Banks A wide-range of transactions involving…
Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether (ETH). TCF Chief Financial Officer David Fuhriman said one percent of the total crypto holdings would be withdrawn quarterly to fund campus…
Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cointelegraph Brazil reported. Paes reportedly announced plans for “Crypto Rio,” or turning the city into a cryptocurrency hub during Rio Innovation Week on Thursday, according to a report by local news agency O Globo. The mayor spoke about Rio’s cryptocurrency-related…
The Northwest Arkansas Council is offering a sum of $10,000 worth of Bitcoin to attract remote tech professionals to move to the region, per local media outlet KNWA. The region includes the cities of Fayetteville, Rogers, Bentonville, and Springdale. In addition to the Bitcoin, tech professionals descending on Arkansas would also receive a street or mountain bike. “This expanded incentive…
Frax Share (FXS) has been one of the few altcoins to pull off a dominant price performance amid the down market of late 2021 to early 2022. In the month between Dec. 14 and Jan. 14, FXS was up 128% against the U.S. dollar and 159% against Bitcoin (BTC). In addition to this impressive feat, FXS topped the charts of…
In brief FTX will launch a $2 billion Web3 venture capital fund led by Amy Wu, formerly of Lightspeed. Wu will also run the crypto exchange’s video game business as it aims to work with major game publishers. Cryptocurrency exchange FTX will funnel a chunk of its growing war chest into a new venture capital arm, FTX Ventures, the firm…
A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured institutions and compliant with the recommendations on the use of stablecoins made…
Fees.wtf is a simple service that shows Ether (ETH) users their lifetime spend on Ethereum blockchain transactions by measuring gas. You plug in your wallet address on their website and they tell me how much gas you spent. The project released their token, WTF, in an airdrop Friday at midnight. Essentially, users would be able to claim WTF tokens as…
El Salvador’s poor sovereign credit outlook is being exacerbated by the country’s Bitcoin trades, according to Moody’s Investors Service and per Bloomberg. According to Moody’s analyst Jaime Reusche, the government trading in Bitcoin is “quite risky, particularly for a government that has been struggling with liquidity pressures in the past.” President Bukele—who buys Bitcoin for the country with public money…
