Some 2 million Chinese living in Shenzen have signed up to receive “red packets” containing 200 yuan ($30) in “digital yuan”. Officials had announced the plan to distribute the money just before “golden week” a fortnight ago, and it immediately proved very popular. By handing out “free” digital money to ordinary citizens in a lottery […]
A strange thing is happening in the cryptosphere these days apparently. Two of the most interesting personalities (Vitalik Buterin of Ethereum and Charles Hoskinson of Cardano) who know how to talk all things crypto and the technicalities behind it, are apparently trying to attract a wider user net as of late. Perhaps they are jealous […]
VeChain has revealed that its first decentralized exchange (DEX) is live on its blockchain.They announced this in a tweet, and this signifies a huge milestone within its ecosystem. VeChain and Vexchange announced their partnership last year to connect VeChain to the world of DeFi.https://twitter.com/VexchangeIO/status/1315632603328851971?s=20Vexchange launched yesterday and users can swap VET, VTHO and other tokens […]
Such is the power of Mark Zuckerberg’s Facebook that any possible development of a “global stablecoin,” which is what most people would call a crypto with a possible 2 billion users, can herald a warning from the world’s biggest economies. According to a draft statement obtained by Reuters, the governments of the G7 will launch […]
Bitcoin and Tesla are doing a weird push and pull dance this year. From being named as the most viewed investments during the first half of 2020 in the US until a suggestion that came in for Bitcoin to be split just as Tesla stock was in order to make it more attractive, the futuristic terminology of […]
Belgian financial regulatory body FSMA has warned citizens about the dangers of investing on fraudulent platforms. FSMA, which stands for Financial Services and Markets Authority, revealed this in a detailed report released on October 5. Scammers stole about $12 million from investors in the country.According to the report, scammers used fake advertisement on social media […]
In a long medium post, an unknown group of investors have announced that they are starting a crowdfunded lawsuit against YFI creator Andre Cronje, the man who ever since the Eminence hack on 28 September went silent on social media for two weeks. As you may remember, Cronje, long seen as an example of how a DeFi […]
Over in the US, the Democratic leader of the House, Nancy Pelosi, is pushing for another round of stimulus payments to be sent out to struggling Americans who are out of work because of COVID-19.Unemployment has risen mostly in the service sector and small businesses, of which there are a lot in the Midwest. The […]
The news that one of Silicon Valley’s newest Unicorn companies, financial payments provider Square, was putting Bitcoin on its official balance sheet to be deposited with the US treasury came as a shock to many, and as a welcome sign to some. One of the latter ones was legendary trader Peter Brandt who stated that […]
A vulnerability has been discovered in the Bitcoin Lightning Network node software. It is understood that the flaw was recently discovered with Lightning developer Conner Fromknecht disclosing this in the project’s mailing list on October 9 in which node operators were advised to upgrade their software as soon as possible.Details regarding the vulnerability have been […]
