El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.” El Salvador Says No to IMF on Bitcoin The government of El Salvador has rejected a recommendation by the International Monetary Fund…
In brief CoinShares says Bitcoin mining is responsible for less than 0.1% of global carbon emissions. It says “the emission costs of Bitcoin are dwarfed by its benefits.” It’s hard to make the case that Bitcoin mining is, by itself, good for the environment. But newly compiled research from digital asset investment firm CoinShares suggests its impact on carbon emissions…
“This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs).” –“Money And Payments: The U.S. Dollar In The Age Of Digital Transformation,” Federal Reserve Quotations throughout the article will come from the above article unless otherwise linked, which was written by the Board of Governors at the Federal…
Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022. NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide downturn and Vulcan Forged (PYR) is one of the top movers this week. The project is a blockchain game studio…
In brief Aurox is a cryptocurrency trading terminal. It aims to go public in 2022. There are plenty of publicly traded cryptocurrency firms in the U.S. But nearly all of them, aside from Coinbase, are dedicated to Bitcoin mining. Aurox, a crypto trading terminal that wants to make decentralized finance transactions as easy as Robinhood made stock purchases, is ready…
On a recent Twitter Spaces, the Bitcoin Magazine discussed whether or not we are in a bitcoin “super cycle” with special guests. Check out the audio and unedited transcript from that chat below. Listen To This Episode: [0:07] CK: What’s up, Bitcoiners? [0:09] The Rational Root: Okay. Hello everyone. [0:12] CK: What’s up, Root? Excited to have you on. I…
Retired NFL quarterback-turned-entrepreneur Drew Brees has elected to take part of his salary in Bitcoin through NYDIG’s new Bitcoin Savings Plan. Brees, who currently works as an analyst for NBC Sports, is the latest among a growing list of pro athletes to accept salaries in Bitcoin, signaling a boost in interest in BTC as both a usable currency and long-term…
Nasdaq-listed Microstrategy has bought 660 more bitcoins at an average price of $37,865 per coin, bringing the total crypto holdings of the company to 125,051 bitcoins. “Our strategy with bitcoin has been to buy and hold, so to the extent we have excess cash flows or we find other ways to raise money, we continue to put it into bitcoin.”…
Decentralized finance (DeFi) and the control it gives users over their assets is one of the most applicable sectors of the cryptocurrency ecosystem, but the general public is still hesitant to interact with most DeFi products due to the steep learning curve and the possibility of losing funds. One decentralized exchange (DEX) that is taking strides toward bridging the gap…
In brief Team17 has canceled plans to release Ethereum NFTs based on the Worms video game franchise. Game studios and fans complained about the plans, echoing recent pushback to other video game NFT projects. It’s a familiar refrain lately: a video game firm announces NFT plans and then backlash ensues. And in some cases, the company cancels its plans and…
