XRP, Litecoin Fall to Lowest Prices Yet Seen in 2018
The price of XRP and Litecoin, two of the world’s largest cryptocurrencies, fell to new 2018 lows on Wednesday.
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Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports citing a message displayed on the Patria Platform, the only website where the Petro was tradeable.President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation's currency, the bolívar, in the
SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert
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Blockchain’s Adoption Challenge Is a Human Problem, Not Technical
feature Maja Vujinovic, a member of CoinDesk’s advisory board, is the CEO of OGroup LLC and a former Chief Innovation Officer of Emerging Tech & Future of Work at General Electric. The following article originally appeared in Consensus Magazine, distributed exclusively to attendees of CoinDesk’s Consensus 2019 event. As technology infiltrates our lives, a fundamental…
El Salvador Axes Income Tax for Investments From Abroad
El Salvador, the nation led by bitcoin-friendly President Nayib Bukele, has eliminated income tax on money coming into the country from abroad."Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%," Bukele said in a post on X.El Salvador was the first country to make
Binance Suspends Deposits in Nigeria Following Central Bank Directive
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.Feb 5, 2021 at 10:08 p.m. UTCBinance Suspends Deposits in Nigeria Following Central Bank DirectiveBinance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank…
Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
A 25 basis point Federal Reserve cut would be positive for markets, but a higher 50 point move would signal growing concerns of a recession and a deeper correction for risk assets, Bitfinex said in a report. A September price drop would present a buying opportunity with a seasonally strong period ahead, K33 said. Worn
ApeFest Attendees Report Severe Eye Burn. BAYC Says Less Than 1% Have Symptoms
Attendees of ApeFest, an event hosted by Bored Ape Yacht Club (BAYC) creators Yuga Labs, have received medical care after reports of blurred vision and burning eyes.Bored Ape Yacht Club posted an update on their X profile, stating that "much less than 1% of those attending and working the event had these symptoms.""While nearly everyone
Facebook’s Toothless Oversight Board Has Lessons for Blockchain
May 20, 2020 at 14:16 UTCPhoto by George Pagan III on UnsplashCathy Barrera, a CoinDesk columnist, is a founding economist at Prysm Group, an economic advisory group, and was chief economist at ZipRecruiter. She has a PhD in business economics from Harvard. On May 6, Facebook announced the members of its new oversight board. They include a…