Bitcoin and its adoption by the government of El Salvador have become a negative factor in the country’s negotiations with the IMF. According to reports, the institution demands changes to El Salvador’s Bitcoin law to receive a $1.4 billion credit line for expediting public debt payments and other obligations. El Salvador’s Bitcoin Allegiance Is Getting […] Source: https://news.bitcoin.com/bitcoin-reportedly-hindering-el-salvadors-credit-opportunities-with-the-imf/
Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for users, who only need to hold the USDT stablecoin in their wallets to move value using Celo’s network. Celo Passes Governance Proposal Enabling USDT as […] Source: https://news.bitcoin.com/celo-adds-tethers-usdt-as-gas-currency/
Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is “a lot closer to being right than most […] Source: https://news.bitcoin.com/peter-schiff-warns-high-inflation-returning-accuses-jpmorgan-ceo-jamie-dimon-of-sugarcoating-the-problem/
Polkadot is coming to the Indianapolis 500 after community members voted to select IndyCar racing star Conor Daly as a brand ambassador. The year-long collaboration, announced by Daly’s company during a press conference on Tuesday, will begin at the preeminent race set to take place in May. A proposal to sponsor Daly passed with 95.8% approval in a community vote…
PRESS RELEASE. In an unprecedented demonstration of community support and market confidence, DOP (Data Ownership Protocol) has successfully raised $162 million through its recent token sale. This remarkable achievement not only underscores DOP’s innovative approach to data ownership but also positions it among the top 10 token sales in the history of cryptocurrency. DOP’s journey […] Source: https://news.bitcoin.com/revolutionizing-data-ownership-dop-secures-162-million-in-landmark-token-sale-ahead-of-mainnet-launch/
Take a card from your opponent’s deck and watch the world burn. Controversy has circled rising NFT card game Parallel since announcing last week that it has added one of the best-known Hearthstone streamers as an ambassador and spokesperson for the game. Parallel announced on Friday that Thijs “Thijs” Molendijk, an esports pro and the third-largest Hearthstone streamer by average…
Over the past 24 hours, the top ten memecoins native to the Solana network have all seen declines, accompanied by a decrease in the value of Sol, the network’s native cryptocurrency, by over 3%. Among the notable decreases, Dogwifhat saw a decline of 5%, while Bonk experienced a drop of 3.5%. Book of Meme faced a significant downturn of 10%,…
Studio369, the studio behind the Ethereum-based mech shooter game MetalCore, announced the launch of its latest closed beta test on Tuesday that makes it the first playable title deployed on the new Immutable zkEVM scaling network. The second MetalCore closed beta, running until April 22, will introduce new quests, the Barony system (the game’s version of guilds), advanced customization, and…
In a fiery exchange of opening statements today before a Manhattan jury, federal prosecutors squared off against lawyers for Avraham Eisenberg, the crypto trader accused of committing fraud by draining over $100 million from Solana DeFi trading platform Mango Markets in 2022. Whether it was actually Eisenberg who drained the platform of all its assets a year and a half…
Pre-halving volatility continued to dominate the crypto market on Tuesday as prices reversed course from Monday’s spike, leading to Bitcoin (BTC) plunging below $69,000 while altcoins faced significant declines. Stocks also trended lower for most of the trading day, with investors waiting on the sidelines ahead of tomorrow’s Consumer Price Index (CPI) report, which is expected to provide insights into…
