sponsored Elon Musk’s Twitter has fallen into revenue difficulties, hoping to find new sources of revenue outside the original $5 billion a year advertising business model. According to a recent Financial Times report, Musk is betting this ambition for revenue growth on the payments business. He has said he wants Twitter to become a “universal app” that combines information, payments…
sponsored Elon Musk’s Twitter has fallen into revenue difficulties, hoping to find new sources of revenue outside the original $5 billion a year advertising business model. According to a recent Financial Times report, Musk is betting this ambition for revenue growth on the payments business. He has said he wants Twitter to become a “universal app” that combines information, payments…
Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digital currency (CBDC) project has been accelerating due to global financial sanctions amid geopolitical tensions. As reported by local media on Feb. 7, Gazprombank, one of the 15 banks participating in the CBDC pilot, issued a…
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities — Cape Town, Johannesburg and Pretoria — feature among the 50 top-ranked…
Revolut is back with another crypto update. Challenger bank Revolut announced the launch of its crypto staking service for a variety of proof-of-stake (PoS) tokens: Ethereum (ETH), Cardano (ADA), Polkadot (DOT), and Tezos (XTz). Staking is the process by which users can deposit PoS-based tokens to a blockchain in order to help secure the network. Staking on Ethereum, for example,…
Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction, showcased through on-chain activities on the Ethereum blockchain. According to a data report from Analytex, Ethereum’s average gas price — calculated in terms of the smallest Ether (ETH) denomination, gwei — increased by 29.27%…
SAND, the native token of the metaverse gaming platform The Sandbox, is leading the crypto market after surging to a three-month high of $0.93 on Wednesday morning. Despite a slight drop to $0.90 by press time, SAND has still risen a whopping 25% over the past 24 hours, data from CoinGecko shows. The token was changing hands around $0.70 on…
Interest in artificial intelligence (AI) has increased dramatically in recent years. AI is a breakthrough technology with the potential to fundamentally change countless industries, crypto among them. Enthusiasts view it as a key component of new financial and social ecosystems, including the project of decentralized finance (DeFi). It’s no surprise, then, that many new cryptocurrency projects are closely intertwined with…
In an announcement sent to Cointelegraph, the Algorand team said that it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business with the intention of launching educational programs. This includes programs for both faculty development and student developer training. In addition, the firm will also be hosting a master class for businesses looking to dive into…
The U.S. securities regulator will focus on cryptocurrencies and emerging technologies as one of its priorities this year, as it tries to keep up with the changing landscape of finance. In a statement, the Securities and Exchange Commission (SEC) said it chose focus areas that it believes present potential risks to investors and the integrity of the American capital markets.…
