The Human Rights Foundation (HRF) has announced its latest round of donations totalling $325,000 in BTC, focused on furthering key elements of the Bitcoin ecosystem, per a press release sent to Bitcoin Magazine. With this round of bitcoin donations, HRF is focusing on censorship-resistance, open-source custody solutions, Bitcoin Core development, Chaumian e-cash, and education across the globe. The largest contribution…
Canadian mining firm Hut 8 saw its Bitcoin holdings surpass the 8,000 Bitcoin (BTC) mark as it continues to accumulate self-mined holdings through depressed cryptocurrency market conditions. Hut 8 released its latest mining report for August 2022, increasing its Bitcoin holdings by 375 BTC for the month to take its total reserves to 8,111 BTC. Hut 8 reported that it had…
Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions. As crypto adoption continues to expand, the…
DBS bank in Singapore wants to expand its digital asset offerings to more of its 300,000 users.The bank is also looking to upgrade its mobile application to make the process more user-friendly. DBS holds $488 billion in total assets as of December 31, 2021. DBS Group Holdings, Singapore’s largest bank, is looking to expand its bitcoin and cryptocurrency services to…
Decentralized finance (DeFi), one of the fastest growing ecosystems in the cryptocurrency market, has long been a dilemma for regulators, given the decentralized nature of the space. In 2022, United States regulators paid special focus to the nascent area with significant attention to ending the anonymous nature of the ecosystem. DeFi protocols allow users to trade, borrow and lend digital…
On-chain lending platform dAMM Finance launches today, bringing capital efficient, transparent decentralized lending and borrowing to institutional investors. The decentralized finance (DeFi) platform was born out of frustration with the existing options available to investors, dAMM Finance CEO Josh Baker told Decrypt. “dAMM is the protocol that we wish existed,” he said. dAMM is an uncollateralized lending platform for any…
Ethereum rallied on Tuesday, as founder Vitalik Buterin confirmed a part of the “Merge” event was commencing today. In a tweet he stated: “What’s happening today is the Bellatrix hard fork, which prepares the chain for the merge.” Bitcoin was also higher, as it traded near $20,000. Bitcoin Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the token marginally…
As Ethereum Name Service (ENS) domains became more popular, the conversation has steered towards .eth domain pricing and what is considered to be a “fair” price to guarantee ownership for 100 years. In a Twitter thread, Ethereum co-founder Vitalik Buterin asked the community what price they think is appropriate for registering and keeping ownership of a 5-letter .eth domain for…
While Bitcoin and other cryptocurrencies are being increasingly used by criminals, the open nature of blockchain technology provides also provides authorities with a “key” new way to tackle organized crime. This was the general consensus among crypto specialists and financial investigators who last week gathered for the 6th Global Conference on Criminal Finances and Cryptocurrencies in The Hague hosted by…
The Korean subsidiary of Renault, a historic brand in the automotive industry, is establishing a partnership with The Sandbox, an Ethereum-based metaverse platform, to enter the metaverse space. With this partnership, Renault Korea’s objective is to establish its brand presence in the metaverse and to present Renault-based virtual automotive experiences to customers. Renault to Enter Metaverse Through the Sandbox…
