Oxfam issued tap-and-pay cards loaded with $50 worth of DAI to 200 Vanuatu citizens to use via Sempo’s payment platform, following six weeks of direct consultation with villagers. Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of […]
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Deutsche Bank lead strategist predicted that interest rate cut by the Fed will make cryptos more attractive as opposed to fiat. The potential interest rate cut by the United States central bank is apparently one of the reasons for the recent surge of bitcoin (BTC), Deutsche Bank exec Jim Reid said in an interview with […]
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Bitcoin has gone parabolic again, but the factors fuelling its rise make for much more enjoyable reading than in 2017. Bitcoin (BTC) rising above $10,000, $11,000 and $12,000 surprised everyone in 2019 – but the takeaways from this year’s surge makes for unbelievable reading. As Cointelegraph reported, this year’s bitcoin price action has little in […]
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No consumers sent funds to an address promoted via the social network, with Tesco managing to restore order. The largest supermarket chain in the United Kingdom was left red-faced this week after hackers took over its Twitter account to promote a bitcoin (BTC) scam. The news surfaced via IT magazine Bleeping Computer on June 25. […]
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Ex-Trump advisor and conservative economist Stephen Moore has joined a stablecoin project that aspires to function as a new type of ‘crypto central bank.’ Stephen Moore — the economist who advised Trump on his tax cut policy and made an aborted Trump-backed bid to join the United States Federal Reserve board — has joined a […]
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Circle CEO Jeremy Allaire believes non-sovereign cryptos such as bitcoin will see continued growth despite the emergence of assets such as Facebook’s Libra and stablecoins. Jeremy Allaire, co-founder and CEO of payments company Circle, believes non-sovereign cryptocurrencies such as bitcoin (BTC) will continue to see growth despite the proliferation of new forms of digital assets […]
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Centre consortium founders Coinbase and Circle open invitations to other institutions wishing to issue USD Coin. Stablecoins have become rather frequently discussed in the news and social media over the past few weeks, especially with the news of the release of the Facebook-backed Libra coin. The current wave of stablecoin issuance could be attributed to […]
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Turmoil over the leadership of the Brazilian Development Bank may pose challenges to cryptocurrency trials. On June 18, Brazil’s National Bank for Economic and Social Development (BNDES) announced the election of Finance Director José Flavio Ferreira Ramos as its interim president. Ramos will serve as the BNDES head until the inauguration of 38-year-old Gustavo Henrique […]
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A rollercoaster weekend trading session saw BTC/USD retake levels not seen since March 2018. Bitcoin (BTC) was holding steady around $10,850 on June 24 after a fresh surge took it above $11,000 for the first time in over a year. Market visualization courtesy of Coin360 Data from Coin360 showed a slight correction kicking in for […]
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Ethereum co-founder Joseph Lubin said that Facebook’s Libra is “like a centralized wolf in a decentralized sheep’s clothing.” Ethereum co-founder Joseph Lubin said that Facebook’s Libra token is like “a centralized wolf in a decentralized sheep’s clothing” in an article published on tech news outlet Quartz on June 21. The social media giant released the […]
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