The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries to put funds into this…
BCAT Africa 2022 aims to increase crypto awareness on the continent at a time when more Africans are turning to digital assets. Source: https://cointelegraph.com/news/binance-to-launch-africa-crypto-awareness-tour-as-adoption-ramps-up
In brief It’s been three weeks since Bitcoin was last above $32,000. The broader crypto market remains somewhat shaken after the TerraUSD collapse. Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization, saw a 5% jump in price in the last 24 hours as the crypto market struggles to recover from the spectacular crash following the collapse of the…
The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi. I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just…
Block partnered with Wakefield Research to address misconceptions surrounding Bitcoin. The survey included 9,500 respondents from varying age groups, genders and ethnicities from around the world.The data reveals something telling about the knowledge gaps in Bitcoin and what strengthens the network effect. Block, a Bitcoin-oriented financial services firm previously known as Square, just released Bitcoin: Knowledge and Perception, a report…
The United Nations is smitten with distributed ledger technology (DLT). In a conversation with Cointelegraph at WEF 2022, United Nations International Computing Centre (UNICC) director Sameer Chauhan explained the “massive opportunities” he sees in cryptocurrencies. A former traditional finance executive and head of the UNICC since 2018, Chauhan has seen the rise and fall of cryptocurrency markets. He shared that…
The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with the intention of finalizing guidelines on the prudential treatment of crypto exposure by banks by year-end. In a Tuesday press release, the committee issued the following statement, which was likely in reference to…
This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Bitcoin is ultimately defined by its users, by the people actually running nodes and enforcing the protocol rules to verify the payments they receive over the network. This is a fundamental and inescapable property of the Bitcoin network, so long as…
While bitcoin has lost more than 16% in value against the U.S. dollar during the past 30 days, the cryptocurrency’s market capitalization is still the tenth-largest asset by market valuation. With $603 billion in market value, bitcoin is above Meta’s (formally Facebook) capitalization and just below Berkshire Hathaway’s overall valuation. Despite Losing Over 16% in a Month, Bitcoin Is Still…
BTC bulls pressed the price to $33,300, but significant tailwinds in traditional markets could continue to weigh on Bitcoin price. Source: https://cointelegraph.com/news/bitcoin-price-rallies-to-32-3k-but-three-factors-could-limit-its-recovery
