Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people in Africa are teaching us about its true use cases and the opportunity it presents for greater financial inclusion of the underbanked. Much of history…
At her confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve board of governors member Lael Brainard said Congress would ultimately have to decide to move forward with a central bank digital currency, or CBDC. Addressing pro-crypto Senator Cynthia Lummis at the Dirksen Senate Office Building on Thursday, Brainard said the Fed would welcome Congress “taking…
North Korean cybercriminals launched at least seven attacks against cryptocurrency platforms last year. These attacks, per blockchain analytics firm Chainalysis, netted almost $400 million worth of digital assets. “Once North Korea gained custody of the funds, they began a careful laundering process to cover up and cash out,” the Chainalysis team said in a blog post. In 2020, there were…
Polygon prices look poised to rise by at least 30% in the wake of a key Jan. 18 upgrade that would push a considerable portion of its native MATIC token out of circulation. Dubbed EIP-1559, the improvement proposal originally came to light as part of Ethereum’s so-called London Hard Fork upgrade on Aug. 5. The proposal effectively started destroying, or “burning,”…
A solo miner with only 116 TH of hashrate capacity found a valid block on Thursday to take home a 6.25 BTC reward worth over $267,500 at the time of writing, only a couple of days after another individual miner had made the same achievement. Both miners are part of the Solo CK bitcoin mining pool. “Congratulations to yet another…
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders today that the central bank…
Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and Bitcoin (BTC) network adoption. In the annual report released last week, the group shared some insights into the world of BTC mining: “As Bitcoin…
Latin American real estate platform La Haus has made its first home sale for bitcoin two months after it announced it would start accepting the peer-to-peer currency as payment for property sales in Colombia and Mexico. A Peruvian woman exchanged 5.78 BTC for an exclusive apartment located in one of the most highly valued areas of the city of Tulum,…
The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group. According to a Wednesday report from the Nikkei newspaper, DeCurret Holdings intends to sell the crypto branch of its business to the Hong Kong-based company Amber Group in February. Though the details of…
In brief World of Women has signed Guy Oseary to represent the NFT project as it expands into other entertainment formats and consumer products. Trading volume surged following yesterday’s announcement, amid rising price points. World of Women stands out in an overwhelmingly male-dominated NFT market, with ardent fans including actress Reese Witherspoon and investor Gary Vaynerchuk. But now the Ethereum…
