Author: admin
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Stellar (XLM) based Akoin will be sole currency of a multi billion dollar city
Akoin, the cryptocurrency project created by global music star Akon, has secured a deal to become the main currency of the $2 billion technology city in Western Kenya. The Mwale Medical and Technology City (MMTC) is home to over 35,000 people and thousands of businesses, all of which will be using Akon’s Stellar-based cryptocurrency, the…
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These analysts are confident Ethereum’s price will explode higher due to 3 reasons
[youtube https://www.youtube.com/watch?v=yZhZhAoA9YQ&w=560&h=349] Bitcoin’s value proposition, according to many of its investors, is cut and dried: as they say, it’s a scarce, decentralized, borderless, and digital form of money for the world. The value propositions of other cryptocurrencies, however, is a bit more muddied. A case in point of this conundrum is as follows: some say…
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IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of…
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A new venture studio is aiming to foster the development of the Algorand ecosystem
Eterna and Borderless Capital are joining forces to launch a new initiative that is intended to support developers and entrepreneurs who want to build their decentralized applications on top of the Algorand protocol. Dubbed Eterna Borderless Venture Studio, it is set to provide a range of tools and resources to those interested in creating or…
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Sensorium Galaxy Building the Mecca of Electronic Dance Music in Virtual Reality
Sensorium strikes a landmark partnership with the creative force behind Ibiza’s hottest nightlife venues and brands which top the official ranking of World’s Best Clubs. The move demonstrates Sensorium’s commitment to creating state-of-the-art virtual reality clubbing experiences for platform users. Following Sensorium Corporation’s recent listing on two leading cryptocurrency exchanges, KuCoin and HitBTC, the company…
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Vinay Gupta’s Big Idea: An Identity Layer for Your Things
Vinay Gupta wrote about responding to pandemics in 2008, then helped launch Ethereum in 2015. Now he has another far-out idea.
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$2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy
Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly funding from the federal government. Also read: Minting Basic Income – US…
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BitGo Acquires Lumina in Attempt to Expand Crypto Offering
The digital asset trust and security company, BitGo, is now attempting to widen its crypto offerings. Specifically, the Palo Alto company is now acquiring the institutional crypto firm Lumina in an attempt to bolster its standing. BitGo acquires Lumina Lumina is a service that institutional investors use to manage their cryptocurrency portfolios and track tax…
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Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR
Bitcoin.com’s Exchange continues to grow and during the last few months, the platform has added support for a number of well known tokens. This week, the trading platform has added support for the Reserve stablecoin (RSV) and the project’s utility token (RSR). Bitcoin.com Exchange users will be able to trade RSV and RSR with trading…
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Key indicator shows Bitcoin may be on the cusp of entering a bull market
The Bitcoin price action seen throughout 2020 has done little to offer investors insight into its macro outlook, with its intense rise in January and February kindling optimism before this was shattered during the capitulatory decline seen on March 12th – a day that will live in infamy as “Black Thursday.” One key indicator may…