In the ever-evolving landscape of global finance, Bitcoin has emerged as a force to be reckoned with. As we delve into the cryptocurrency market, it becomes evident that Bitcoin’s role in global payments is far-reaching and transformative. In this article,…
Only 8% of people are familiar with Web3 – what has happened?
The year 2021 was quite a roller coaster. Restrictions, stimulation checks, and general social withdrawal made this a noteworthy year. The crypto industry also rode a wave of excitement in the following year. Dogecoin’s remarkable rise to a price of…
Former PBoC Head: China has no Plans to Replace the US Dollar
A former People’s Bank of China governor has said that the country has no intention to replace the US dollar with the digital Yuan it’s working on. The former PBoC governor and current head of the Chinese Finance Association, said…
Mark Zuckerberg Advocates for Digital Community Self Governance
Facebook CEO Mark Zuckerberg believes the digital currency space needs oversight not just by government regulation but also community self-governance, which he termed as “another and perhaps even better way”. He said in a Facebook post; “One of the big…
Mnuchin fine with Libra launch if Financial Rules are Followed
U.S secretary of state Steve Mnuchin has said that he has no issues with the Libra launch as long as financial rules are followed. This comes as a bit of a surprise since the Libra project has faced the most…
Zuckerberg to tell Congress that Libra can Fix “failing” Financial System
Facebook CEO Mark Zuckerberg will tell congress that Libra can bring financial services to the world’s 1.7 Billion unbanked people. Facebook’s CEO released a written testimony a day before his scheduled appearance before the U.S House of Representatives Financial Services…
Banks May Drop Facebook Due to Regulatory Concerns
An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…
US Congressman: Facebook Should drop Libra and Adopt Bitcoin
Facebook’s Libra has been receiving a lot of attention since it was first revealed. It has been subject to international scrutiny, analyst scrutiny, and even US congressional scrutiny. U.S congressman Warren Davidson of Ohio’s 8th congressional district added his voice…
Secretary Mnuchin: Libra Backers Dropped out because of Libra’s Non-compliance
Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…
4 Countries that are Strongly Against Facebook’s Libra
Different governments around the world were unsettled after American social media giant Facebook announced a permissioned Blockchain digital currency, named Libra. This proposed digital currency that is reportedly backed by a number of major national currencies, did not excite financial…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
