Trump crypto venture WLFI a ‘potential pump-and-dump disaster’
The launch of the Trump family crypto venture, World Liberty Financial, during a US election campaign carries risks, possibly hurting both his campaign and the crypto industry’s image.
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Ghana to explore offline transactions for upcoming CBDC
Offline CBDC functionality will help bring financial services to Ghanans who lack access to bank accounts or an internet connection. 447 Total views 12 Total shares Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society.According to…
Theranos Was ‘Uncannily Ethereum-Like,’ Says Bitcoin Pioneer Adam Back
Blockstream CEO Adam Back — inventor of the hashcash Proof-of-Work (PoW) system later used in Bitcoin’s (BTC) mining algorithm — has controversially compared Ethereum (ETH) with the now-defunct biotech startup Theranos. As part of a Twitter exchange published on Nov. 26, Back claimed that Ethereum’s allegedly overweening promises could be compared to the failures of Theranos.…
Australia-based crypto miner doubles hash rate after energizing Canadian rigs
Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.” 265 Total views 22 Total shares Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase…
Overstock’s Path From Dot-Com-Bubble Ruins to Blockchain Ecosystem
On Sept. 19, former Overstock.com CEO Patrick Byrne sold his entire stake in the firm, which accounted for 13% of the company and was worth over $90 million. While the move surprised many, those closely following Patrick’s eccentric personality saw it coming from a mile away. Overstock was launched in May 1999. In the early days…
US Lawmakers Form Fintech Task Force to Examine Industry
The United States House of Representatives Financial Services Committee has passed a resolution to form the Task Force on Financial Technology, according to a press release by the committee on May 9.The new task force purports to “examine the current legal framework for fintech, how fintech is used in lending and how consumers engage with…
China leads the world in gen AI adoption but falls behind in full implementation
A recent study revealed that China leads the world in AI usage and investment, while the U.S. remains the leader in fully implementing the technology.
Gamers are more interested in earning Bitcoin than NFTs: Survey
The study found that compared to NFTs, five times more respondents are interested in earning Bitcoin while playing games. 1180 Total views 44 Total shares Own this piece of crypto history Collect this article as NFTWhile some gamers are against nonfungible token (NFT) integration for games, a large portion are willing to play if they…
UK authorities to focus on stablecoin regulations to prevent monopolies
British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the country. 2378 Total views 11 Total shares John Glen, the United Kingdom's financial services minister, has said that stablecoins will be the main focus of the government’s crypto regulatory activity.Glen made delivered…