Crypto remittances in Venezuela surge as economic situation worsens
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
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Ethereum team lead sees zero interest from university in collaborating
Peter Szilagyi, Ethereum's team lead, voiced dissatisfaction with his former university's lack of enthusiasm in recommending students for collaboration with Ethereum. Peter Szilagyi, Ethereum team lead, has expressed frustration over his alma mater's lack of interest in providing opportunities for students to collaborate with Ethereum.In a series of posts on X (formerly Twitter), Szilagyi explained
DAOs: Where humans may fail, AI could succeed
Decentralized autonomous organizations (DAOs) offer a new way of organizing businesses in a non-hierarchical structure that encourages participation from every member of a community. With no central leadership and decisions made collectively, DAOs could revolutionize the way we think about work, but their implementation is not without challenges. The term DAO is sometimes used to refer…
Bitcoin gains $2K in hours after BTC price bounces near previous all-time high
Weak stocks and fresh worries over Evergrande fail to keep Bitcoin down for long as $67,000 all-time highs reappear on the horizon. 204 Total views 17 Total shares Bitcoin (BTC) passed $66,000 again on Oct. 21 after a fresh macro turbulence sparked a retest of previous all-time highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewEvergrande fails…
Major Oil Firms, Banks Partner to Launch Blockchain Platform for Energy Commodity Trading
Major oil companies BP, Shell, and Equinor have united with large banks and trading houses to launch a blockchain-driven platform Vakt for energy commodity trading. The partnership was reported by independent news agency covering energy and commodities markets S&P Global Platts Monday, Nov. 12.Apart from the three oil companies mentioned above, Vakt includes banks ABN…
Bitcoin preps for FOMC comments as BTC price coils near $103K
Bitcoin coils below $103,000, but dovish comments from this week FOMC could send BTC price to new highs.
Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says
American financial services company Fidelity Investments has fully launched its cryptocurrency custody service.Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients.A nascent,…
Is Reddit Devising a Blockchain-Based Tipping System?
Reddit could be about to implement a new blockchain-based points system on its app, if a screen recording posted in the Cryptocurrency subreddit today is to be believed.Redditor MagoCrypto posted the video, which is a walkthrough of a new build of the Reddit app that shows a feature with mention of community points. When delving…
Fiat food? Bitcoin Big Mac Index crashes below 10,000 satoshis for the first time ever
The Big Sats Index reveals that a single McDonald's burger now costs less than 10,000 satoshis — cheaper than ever before. 2213 Total views 14 Total shares Gold may buy less and less Bitcoin (BTC) this year, but another measure of the cryptocurrency's strength has just hit a historic milestone.Data from on-chain analytics service Ecoinometrics…