After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at a “negligible” cost to the environment, in comparison with bitcoin. Eurosystem Initiates Digital Euro Project The Governing Council of the European […]
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M1 Finance, the US-based financial app, officially became a unicorn this week after raising $150 million in the latest Series E funding round. The company’s valuation currently stands at around $1.45 billion. In an official announcement on Wednesday, M1 Finance mentioned that the recent investment round was led by Softbank’s Vision Fund 2 with participation from the company’s existing investors. […]
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Steven Mnuchin, former Secretary of the Treasury in the US, recently expressed his views about Bitcoin and other cryptocurrency assets. In an interview with CNBC, Mnuchin said that he is not planning to add BTC to his investment portfolio. “If people want to buy Bitcoin as a substitute, no different than buying gold or some other asset, it’s fine. I […]
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Kieran Warwick, the co-founder of forthcoming NFT-powered gaming metaverse Illuvium, has revealed he made a gain of more than 9,000% from flipping a virtual plot of land purchased from the Axie Infinity metaverse. Warwick, the brother of Synthetix founder Kain, recounts purchasing the plots during mid-2020, noting there “weren’t too many use cases” for digital land at the time, with […]
Read moreFree TON, a decentralized international community of developers and enthusiasts, have launched a brand-new contest to rework the Wikipedia Governance model, and there are thousands of dollars worth of rewards on offer. Freecyclopedia Wikipedia currently boasts over twenty-one million individual articles, and while many last minute homework reports may have been saved by the dusty halls of these hallowed community […]
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The DeFi Education Fund (DEF), an organization funded by Uniswap to spearhead lobbying and educational initiatives in support of the decentralized finance sector, has defended its sudden move to liquidate half of its UNI treasury earlier this week. The organization said it needed to convert the funds into stable assets to weather crypto market volatility. In May, the DEF was […]
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Publicly traded North American Bitcoin mining company, Bitfarms, has doubled its productivity this year amid the Chinese crackdown and resultant miner migration. The Canadian hydroelectricity mining outfit claims to be currently powering an estimated 1.5% of the entire Bitcoin network with more than 99% renewable green energy. In a July 14 production update, the firm revealed that it had mined […]
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Spike Lee’s new ad dubbed “The Currency of Currency” launched online today, and the two-minute spot depicts crypto as new money for a diverse world. The 64-year-old Oscar winning filmmaker directed and starred in the commercial for crypto ATM provider Coin Cloud, and in the ad, he explores themes such as racial and financial inequality, diversity, and inclusivity. “Old money, […]
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The founder of Zurich’s MoneyMuseum, Dr. Jürg Conzett discusses the history and evolution of money on this episode of CoinGeek Conversations. As Dr. Conzett tells Charles Miller, money creation today is unlike the coins of the Middle Ages in the sense that its value remains the same even after a historical event has taken place. “If there was a pandemic, […]
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