South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of […] Source: https://news.bitcoin.com/bank-of-korea-to-launch-cbdc-payment-trial-in-supermarkets/
Month: September 2024
Crypto PR exec relishes 'skepticism' around crypto marketing
Serotonin CEO Amanda Cassatt pointed out that marketing is “a mechanism for perpetrating the fakery and the scams.” Source: https://cointelegraph.com/news/crypto-marketing-skepticism-amanda-cassatt-interview-token2049?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fintech Veteran: Crypto Market Growth Not Tied to US Election Outcome
While the crypto market’s brief dip after U.S. Presidential candidate Kamala Harris’ debate “win” against Donald Trump suggested the market favours the former president, Ziad El Baba, Ramp Network’s chief product officer, says the drop’s short-lived nature indicates users are wary of both candidates. El Baba also notes the market’s quick recovery reinforces a notion […] Source: https://news.bitcoin.com/fintech-veteran-crypto-market-growth-not-tied-to-us-election-outcome/
Travala Integrates Solana for Booking Flights and Hotels, Offers SOL Travel Rewards
Crypto travel booking platform Travala has integrated with Solana, allowing users to book flights and hotels using Solana-based tokens and earn SOL travel rewards. Highlighting Solana’s scalability and affordability, the platform aims to enhance the crypto travel experience and incentivize users with up to 10% of booking value back in SOL. Travala Integrates Solana for […] Source: https://news.bitcoin.com/travala-integrates-solana-for-booking-flights-and-hotels-offers-sol-travel-rewards/
CFTC slaps $36M fine on man for 5-year crypto investor fraud
The US regulator ordered approximately 85% of the significant fine to be paid back to victims of William Koo Ichioka’s fraudulent scheme. Source: https://cointelegraph.com/news/cftc-charges-fraduluent-cryptocurrency-scheme-william-koo-ichioka?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Government of Bhutan Holds $828M in Bitcoin, Arkham Data Shows
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained. Bhutan Revealed as a Major […] Source: https://news.bitcoin.com/government-of-bhutan-holds-828m-in-bitcoin-arkham-data-shows/
Peter Schiff: Gold Set for Best Year Since 1979 — ‘Investors Haven’t Noticed Bull Market’
Economist and gold advocate Peter Schiff says gold is “set to have its best year since 1979 when it rose 126%.” He highlighted that gold is up over $540 so far this year, which is its “largest dollar gain in history.” He further explained that “investors still haven’t noticed the bull market or added mining […] Source: https://news.bitcoin.com/peter-schiff-gold-set-for-best-year-since-1979-investors-havent-noticed-bull-market/
Trump pays for burgers with BTC, Arthur Hayes skeptical on rate cut, and more: Hodler’s Digest, Sept. 15 – 21
Donald Trump becomes the first former United States president to use crypto in a transaction, Arthur Hayes thoughts on rate cut: Hodler’s Digest Source: https://cointelegraph.com/magazine/donald-trump-bitcoin-burgers-arthur-hayes-fed-rate-cut-hodlers-digest/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction […] Source: https://news.bitcoin.com/robert-kiyosaki-predicts-bitcoin-could-hit-500k-by-2025-1m-by-2030/
Three-Mile Island nuclear site reopening to power AI
The site was ground zero for a partial nuclear meltdown in 1979, which affected a separate unit and caused nearby areas to evacuate. Source: https://cointelegraph.com/news/three-mile-island-nuclear-site-reopening-to-power-ai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound