Tag Archives: social

Dominic Williams, the founder of Dfinity Foundation, proposed a way that blockchain and smart contracts can potentially help by getting millions of Russians to watch an entire informational video(s) about the ongoing war. The exec stated that the proposal is made in a personal capacity rather than as an employee of the decentralized blockchain project. The Proposal Even as Russia faces a massive economic meltdown, the shelling in Ukraine has hit residential areas of cities...

Earlier this week, the President of the Chechen Republic – Ramzan Kadyrov – advised Elon Musk not to measure his strength against Vladimir Putin. Kadyrov went further, ironically calling Tesla’s CEO – Elona (the female version of his name). As it goes with the nature of the crypto community, scammers created over 30 tokens containing the name Elona in just a few days. Pre-History of the Twitter Dispute The world’s richest man – Elon Musk – displayed his support towards...

The Bored Ape Yacht Club and the associated NFT collections have turned into one of the most widely-discussed topics of 2021, and the buzz doesn’t seem to fade in 2022. Something that the team had hinted at a few months back was the creation of a native cryptocurrency – APE coin – that would power the entire ecosystem. Now, this has become a reality. In this article, we’re taking a closer look at the long-awaited APE coin by Yuga Labs – the creators of the Bored Ape Yacht...

Ripple’s Director of Developer Relations – Matt Hamilton – announced his departure due to personal issues. On the other hand, the blockchain firm appointed Michael Warren as the newest member of its Board of Directors. The American has previously served as Senior Advisor in the White House during the Obama administration. Hiring Former White House Advisor It is not all gloomy news for Ripple. According to a separate announcement, the blockchain organization welcomed Michael...

Digital asset custodian Hex Trust has announced raising $88 million in a Series B funding round. As per the official blog post, the funding round was led by Animoca Brands and Liberty City Ventures. Hex will deploy the funds towards expanding its footprint and scaling its operations. Hex Trust’s Funding Round The funding round also saw participation from Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, as...

US Attorney Dena J. King announced that law enforcement seized $547,000 worth of bitcoin from a criminal who conned an elderly person last year. The officials will return all funds to the victim. Cracking Down a Crypto Scam In its latest efforts to fight fraudulent activities involving cryptocurrencies, American officials confiscated more than $500,000 in bitcoin from a criminal. The latter drained the funds from an elderly Ashville resident last year, as the sum represented...

The cryptocurrency exchange FTX collaborated with the fintech company AZA Finance to expand the adoption of cryptocurrencies throughout Africa. Additionally, the two entities will aim to connect the Web3 economy with the countries from the continent. FTX’s Latest Partnership One of the largest digital asset trading venues – FTX – continues to strike important deals to popularize its global presence. According to a recent press release, its latest partnership is with the...

Richard Turrin – Financial Technology Consultant at CNBC – argued that the Chinese central bank digital currency could challenge the dominance of the American dollar this decade. Specifically, he believes the e-yuan might replace its rival as the currency of choice in international trade settlements. Digital Yuan to Reduce the Dollar’s Usage? The Chinese government is known for having one of the most hostile stances on private cryptocurrencies. Last year, the authorities...

Deloitte believes Bitcoin and cryptocurrencies can help deliver a payment system that is fast, secure, effective, can facilitate efficient cross-border transactions, but there are challenges to overcome first. In the latest study called ‘State-sponsored cryptocurrency,’ Deloitte provided a fresh perspective of a central bank’s digital currency by revamping the traditional fiat system and adapting Bitcoin’s innovation. Win-Win Game According to Deloitte, combining the best...

The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.” High Hopes on Crypto PayPal’s top executive has been an advocate of the cryptocurrency industry for a while and even admitted in 2019 that he owned bitcoin. In his most recent speech at Axis Tel Aviv,...