Recently we’ve had the opportunity to interview Hussein Faraj, the CEO of NuGenesis Network. We have been following this project for a few months and had wanted to ask a few deeper question in regards to NuCoin. Here are nine questions we asked Mr. Faraj to help you understand the purpose and motivation behind the NuGenesis Network. #1 What made […]
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The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559. Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one of the important steps in […]
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The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran president Nayib Bukele needs to “ensure that it […]
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Senator Cynthia Lummis – a Republican of the state of Wyoming – is looking to make it so that individuals can use their retirement accounts to invest in bitcoin and other cryptocurrencies. Cynthia Lummis: Crypto Would Be Perfect for Diversification Lummis was first elected to Congress in late 2020. Beginning her term in January of this year, Lummis has always […]
Read moreAn economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach for Cryptocurrencies The Bank of […]
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The Monetary Authority of Singapore (MAS) announced on Friday that it would follow the same path as other financial regulators globally about their respective stance towards Binance, a major cryptocurrency exchange. According to Bloomberg, the MAS noted: “We are aware of the actions taken by other regulatory authorities against Binance and will follow up as appropriate.” In fact, Binance Asia […]
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Grayscale has just added Cardano to its Digital Large Cap Fund. The top asset management firm announced its quarterly rebalancing that brought up Cardano to be the third-largest holdings of the company. Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA. — Grayscale (@Grayscale) July 2, 2021 Cardano Is The Third […]
Read moreStatistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today. Onchain metrics show that Ethereum has seen some significant drawdowns in recent times and decentralized finance (defi) activity has slowed compared to last summer’s statistics. Despite the onchain dips, this year […]
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PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy transaction process, while securing the best rate in the market. The company launched back in […]
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