Freedom Convoy, a cohort of Canadian truckers protesting for the end of COVID-related mandates in the country and the restoration of the Canadian Charter of Rights and Freedom, had received C$10 million ($7.8 million) in donations until its fundraising platform, GoFundMe, froze their funds on Friday alleging violations of its terms of service. “GoFundMe supports peaceful protests and we believe…
press release PRESS RELEASE. When it comes to the cryptocurrency industry, it is absolutely vital to be able to convert one cryptocurrency, token or coin for another in an effective, seamless and easy to understand fashion. After all, it is this conversion ability that makes the crypto sector so attractive, as individuals often want and need the option to switch…
The first blockchain school in the Middle East will open in Riyadh, Saudi Arabia, according to an announcement by the BSV Blockchain Association. The new institution will reportedly provide training and development tools for government organizations and enterprises interested in adopting or experimenting with blockchain technology. Per the announcement, the Saudi Blockchain Academy (SDA) will work with the Swiss-based Bitcoin…
Former Manchester United players including Gary Neville, Paul Scholes, and Ryan Giggs have teamed up with Singaporean billionaire Peter Lim and his son Kiat Lim to create CO92 DAO, a decentralized autonomous organization (DAO) focusing on investments in professional soccer projects, according to a Bloomberg report. A DAO is a business structure that has no company headquarters and is built…
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access to Banking and Financial Services The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology…
Bitcoin (BTC) continues to linger just below $43,000 on Feb. 7 as markets gear up for what promises to be a lively week. Another step up overnight took BTC/USD briefly over $43,000 before consolidating with $42,000 as support, data from Cointelegraph Markets Pro and TradingView shows. Fresh losses remain firmly on the table For market pundits, the question now is which…
Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization) that would allow fans to make investments alongside these legends. The sports investment DAO would be called CO92 DAO, named after the legendary squad from 1992, and it would focus on strategic investment focused soccer-related firms and projects. The…
Shiba Inu (SHIB) looks poised to undergo sharp price corrections after rallying nearly 75% in almost two weeks. SHIB price rallied to mid-January highs On Monday, the meme-token climbed to $0.00002961, its best level since Jan. 18, amid renewed buying interests across the cryptocurrency market. Before the retracement, SHIB’s price had crashed by almost 80% from its record high of…
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also increased significantly. Irkutsk Dealing With Rising Electricity Needs Amid Growing Popularity of Mining Companies ensuring…
North Korea’s nuclear and ballistic missile programs rely heavily on revenue from cyberattacks and cryptocurrency exchanges, according to a United Nations report seen by Reuters. “According to a member state, DPRK cyber actors stole more than $50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe and Asia,” the report said. While the illicit…
