The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success. Source: https://cointelegraph.com/app/public/index.php/news/zimbabwe-sells-gold-backed-crypto-tokens
Month: May 2023
Samsung to research South Korea’s CBDC for offline payments
Tech giant Samsung Electronics has reportedly partnered with the South Korean central bank to conduct research on central bank digital currency (CBDC) for offline payments. On May 15, South Korea’s central bank — Bank of Korea (BOK) — and Samsung signed a memorandum of understanding (MoU) for research on offline CBDCs, according to local media KBS World. The collaboration will…
US Justice Department on the hunt for DeFi hackers and thieves: Report
The United States Justice Department’s crypto enforcement team is cracking down on Decentralized Finance (DeFi) hackers and exploiters, amid a four-year rise in illicit crypto activity. In a Financial Times report published on May 15, Eun Young Choi, director of the U.S. Department of Justice (DOJ) national cryptocurrency enforcement team (NCET), stated that the department is focusing on thefts and…
Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day
The seller even got help from Bitcoin founder Satoshi Nakamoto, though it’s still up in the air whether the artist actually made the “sale.” Source: https://cointelegraph.com/app/public/index.php/news/primordial-nft-someone-tried-to-sell-a-jpeg-for-btc-months-before-bitcoin-pizza-day
Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day
Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been for a JPEG, not pizza. In a tweet from independent developer Udi Wertheimer, the Bitcoin advocate shared a screenshot showing what could have been the first-ever purchase using Bitcoin — even predating the infamous Bitcoin Pizza.…
Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation – Bitcoin News
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 days. Bolivia Mulls Using Chinese Yuan in International Trade…
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwe Dollars’ worth of gold-backed digital tokens worth around $39 million despite a warning from the International Monetary Fund. On May 12, the central bank of Zimbabwe announced that it had received 135 applications valued at ZW$14.07 billion to buy the gold-backed cryptocurrency. The Zimbabwe dollar is officially trading at 362…
Bitcoin addresses holding 1 BTC or more reach one million: Glassnode
Convicted buyers have bought up cheap Bitcoin as prices fell over the course of last year. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-wholecoiners-reach-one-million
OpenAI CEO in ‘advanced talks’ for $100M Worldcoin funding: Report
“Existing and new investors” will contribute to the $100 million, according to someone familiar with the situation. Source: https://cointelegraph.com/app/public/index.php/news/worldcoin-advanced-talks-100-m-funding
OpenAI CEO in ‘advanced talks’ for $100M Worldcoin funding: Report
OpenAI boss Sam Altman is reportedly in “advanced talks” of securing $100 million funding for Worldcoin, a project aimed at creating a collectively owned and globally distributed cryptocurrency. A Financial Times report published on May 15 cited sources with knowledge of Worldcoin’s funding talks, stating that the $100 million will be sourced from a mix of “existing and new investors.”…