An official with the Zimbabwean government recently confirmed the country’s administration is currently gathering views about cryptocurrencies from knowledgeable persons. Government’s Lingering Concerns Charles Wekwete, who is the head of the e-government unit, suggested that the country will only adopt a formal position on cryptocurrencies once the consultation process is complete. According to a Sunday News report, Wekwete — who…
Digitalization keeps on coming to one of the oldest games in the world as FIDE, the International Chess Federation, announces its plans for a nonfungible token (NFT) marketplace. The group said that the marketplace, which launches at the end of November, will be called ChessNFT. FIDE is the first global sports federation to create its own NFT ecosystem and it…
Despite the proven economic value of decentralized exchanges (DEXs)Uniswap, for example, recently traded more than $440 million in just 24 hoursthey come with some serious baggage that’s hindering the growth of decentralized finance (DeFi). The requirement to process orders through smart contracts causes latency, a lack of liquidity leads to price slippage, and high transaction costs are a barrier to…
In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to implement two types of tokens. The first, set to launch in 2022, will be tied to a cashback…
The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to108,949 compared to108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0. Ethereum addresses…
The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange The U.S. Department of the Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has sanctioned ransomware operators and a cryptocurrency…
Apple chief executive officer Tim Cook said he owns some crypto as “part of a diversified portfolio,” but is not planning for the tech company to follow Teslas example by investing in Bitcoin or other tokens. Speaking at the New York Times DealBook Online Summit on Nov. 9, Cook said he would not use the companys roughly $200 billion in…
Tim Cook confirmed in an interview today he owns bitcoin and is interested in it. “I think it’s reasonable to own it as part of a diversified portfolio,” he said. The Apple big boss reiterated, however, that his interest was from a “personal point of view” rather than a corporate one. Apple CEO Tim Cook confirmed in an interview on…
Reddit co-founder Alexis Ohanian has teamed up with Solana Ventures to launch a new investment fund dedicated to Web3 and social projects, potentially setting the stage for the next wave of budding crypto startups. Ohanian announced Tuesday at the Breakpoint conference in Lisbon, Portugal that his Seven Seven Six venture firm and Solana Ventures have allocated $100 million to Web3…
Today, at the New York Times DealBook Online Summit, CEO of Apple Tim Cook stated his personal opinions about owning crypto. I think its reasonable to own it as part of a diversified portfolio, he said. The CEO also confirmed that he personally owns crypto, though explicitly stated that this is not investment advice but his personal opinions in regards…
