Online communities, those that share a common interest on the internet, can range from social networks, grassroots organizations and customer communities. We, as a society, are naturally communal, so it makes sense to engage in ideas and interests with others online. Whether we build relationships with people directly or indirectly, communities are built. However, how we do so differs. In…
In brief Recent data suggested that Afghanistan is pivoting to crypto. Decrypt spoke to Afghanistan experts to discover whether ordinary Afghans really stand to benefit or not. In times of turmoil, more nations are turning to crypto. Iran, Venezuela and North Korea have all used cryptocurrencies to avoid sanctions, access global markets, or, in the case of North Korea, even…
About $2 billion worth of Ethereum (603,452 ETH) has now been burned by the Ethereum network, fueling the furnace thats driven the cryptocurrency to its latest all-time high. Ethereum started burning ETH after EIP-1559 was introduced on August 5. The mechanism removes about $30 million ETH from circulation each day by sending it to a defunct address. This replaces the…
Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange Binance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dices with $60,000 BTC/USD is keeping traders nervous into Saturday, data from Cointelegraph Markets Pro and TradingViewshows, deciding on the fate of $60,000 support. The level had…
The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing: The new rule permits candidates, officeholders, and political committees to accept cryptocurrency. It does not distinguish between any types of cryptocurrencies, like Bitcoin. If approved, cryptocurrency donations and contributions will need…
Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan Measures Power Usage in Crypto…
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95…
CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly fallen victim to a hack that leaked 3.1 million user email addresses. The information came into light after the hacked email addresses were found to be traded and sold online on various hacking forums, and revealed by Have I Been Pwned, a website dedicated to tracking hacks and compromised online accounts. CoinMarketCap,…
Top-down governmental responses to innovation have always been questioned by entrepreneurs. Right now in crypto land as institutional investment flows steadily in and decentralized finance (DeFi) use cases and products have continued to flourish over the past 18 months, many crypto companies are begging for further regulatory clarity. The original Australian Senate Select Committee on FinTech and RegTech, chaired by…
After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes Robust Ecosystems However, in the…
