Author: admin
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Bank of Ghana Deputy Governor Says ‘Central Bank Digital Currency Is Fiat Money,’ Reveals Pilot Phase Will Start September
Ghana’s proposed central bank digital currency is similar to fiat cash and therefore financial institutions, as well as fintech start-ups, can still create value based on it, a Bank of Ghana (BOG) official has said. Still, the official, Maxwell Opoku-Afari, the BOG’s deputy governor, says approval for the use of the digital currency will depend…
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Asset Manager Guggenheim Lowers Bitcoin’s ‘Real Bottom’ Price Prediction
Guggenheim CIO Scott Minerd has made another prediction about where the price of bitcoin will be, a lower estimate from his previous “real bottom” price prediction. The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, returned last week with another bearish prediction for bitcoin. Minerd is also the chairman of Guggenheim Investments, the global…
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Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy
Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states:…
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Bitcoin, catfishing, drugs: How a Tinder match almost led to crypto robbery
Bitcoin (BTC) self custody provider Casa warns about physical attacks against Bitcoin holders, as they publish a blog post describing details of a recent incident. Their client’s bad Tinder experience combines elements of social engineering, sim swapping, and a more old-school drugging and robbing attack. One of our clients was targeted on a dating app…
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SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme
The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage of the data to trade accordingly, the…
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Darknet Update: Hydra Reigns, Monero Acceptance Climbs, Russian State Collusion Questioned
At the end of 2020, darknet markets (DNM) set new records as marketplaces like White House and the Russian-language DNM Hydra led the pack. A report published on May 25, shows Hydra saw a 624% year-over-year growth rate in three years, and researchers estimate roughly 75% of illicit DNM transactions stem from the Russian marketplace.…
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Creator of Video Downloading Websites Sentenced to Prison in US — Over $1 Million in Cryptocurrency Seized
The U.S. has sentenced a creator of video streaming and downloading websites to prison for 12 months and one day. The feds also seized $3.9 million from him, including more than $1 million in cryptocurrency. Man Sentenced to Jail for Copyright Infringement and Tax Evasion, His Cryptocurrency Seized The U.S. Department of Justice (DOJ) announced…
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China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in…
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Axie infinity is the top earning DeFi dApp. But what is it?
A non-custodial game and marketplace, Axie Infinity (AXS), built on Ethereum (ETH) and adjacent blockchains launched back in 2018 and has recorded as much as $22.9 million in protocol revenue in the past 30 days, according to data analytics site Token Terminal. Protocol’s boosted revenue surpassed digits reached by the competitors, such as PancakeSwap with…
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How To Restore Our “Value(s)”: An Open Letter To Dr. Mark Carney
This letter addresses the ideas proposed by Dr. Carney in his videos, as Bitcoin represents an answer to many of the problems discussed. Dear Dr. Carney, This is an open letter in response to your Reith lecture series on the BBC from December 2020, “How We Get What We Value.” This content now also appears…