Pieter Hasekamp, director of the Dutch Bureau for Economic Analysis, has called for a complete ban on Bitcoin. In a recently published essay titled “The Netherlands must ban bitcoin,” Hasekamp argued that Bitcoin does not meet any of the three functions of money, and as a result, the Netherlands must
Although some regulators and government officials have argued that Bitcoin does not pass as a medium of exchange or store of value, the leading cryptocurrency has continued to score major points in going mainstream. In its latest pro-Bitcoin move, the Texas Department of Banking issued a notice last week confirming
MicroStrategy has raised $500 million in bonds and plans to use the funds to buy more Bitcoin. As reported by BTC PEERS, the business intelligence firm announced a $400 million debt-for-Bitcoin offering last week. However, this was increased to $500 million. In an official statement on Monday, the company disclosed
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There has been a lot of controversy surrounding blockchain tech and the use of cryptocurrencies. While proponents of the industry have touted the benefits of blockchain transactions, such as their transparency and immutability, critics have often labeled the sector a “bubble” waiting to burst. To others, cryptocurrencies are merely a
Last week, the El Salvadoran Congress passed a bill to recognized Bitcoin as legal tender. However, despite the move by the government to embrace Bitcoin local remittance firms appear hesitant to accept Bitcoin. While speaking to Reuters, Kenneth Suchoski, a fintech analyst at the leading independent research firm Autonomous Research,
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Nearly one-quarter of Ethereum’s circulating supply is now locked in smart contracts. Founder of ETHhub Anthony Sassano shared the discovery on Twitter, noting that around 23% of all ETH is now locked in smart contracts. This chart is absolutely incredible. The amount of ETH in smart contracts is now
China’s move to clamp down on Bitcoin mining activities has continued to spread across the country with no signs of slowing down. Over the weekend, the anti-mining stance extended to Yunnan, the fourth-largest Bitcoin-producing province. According to a report from the China Securities Journal, authorities of the province issued
Tanzanian president Samia Suluhu Hassan has urged the country’s central bank to be ready for the age of cryptocurrencies. While addressing the country’s central bank on Monday, Hassan emphasized the impact of cryptocurrencies on global finance. Shee urged the apex bank to begin exploring digital assets, noting that
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Assessing the progress of cryptocurrency, one can be astounded with the success rate it managed to achieve within the scope of slightly more than 10 years. Starting as a nearly-obscured asset, it is now on the edge of creating a new economic model with no exclusion and complete ownership of
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After four years, the fund will open its doors to outside investors during this period of explosive growth in blockchain and DeFi The increasing acceptance of Bitcoin as an asset class during the past year has encouraged many of the world’s largest financial institutions and companies to pour in
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According to Coin Market Cap, over $8 billion have been locked up in various yield farming protocols. One of the latest trends in the crypto scene, yield farming has been identified as a subsection of decentralized finance [DeFi], the presently booming trend. Albeit risky, yield farming has grown, raking in
Bitcoin * El Salvador has become the first country to adopt Bitcoin as legal tender. As part of its pro-Bitcoin stance, the country’s government has also announced that anyone can become a resident of El Salvador for just 3 Bitcoin. * As expected, the IMF is not okay with El Salvador’
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The cryptocurrency industry has seen massive amounts of progress over the past year and a half. In fact, 2020 and the first half of 2021 perhaps the most productive period that the industry has had in its entire existence. A lot of it probably has to do with COVID-19, which
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Binamon is a gaming platform that trades collectible digital monsters in the form of NFTs. The Binamon team has extensive experience in card trading Games like MagicTheGathering and Pokemon. They are also well equipped with programming skills that enabled them to create the project. How Binamon Works The BEP-721 NFTs
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Shirtum is a platform launched in August 2020 in Spain, but launched live in 2021. This blockchain-based platform is explicitly created for global football fans, allowing them to buy collectables and shirts from their favourite players. Generally, the platform was launched to interact with fans and players by being a
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Following El Salvador’s decision to adopt Bitcoin as legal tender, the International Monetary Fund (IMF) has expressed its “economic and legal” worries over the country’s new pro-BTC stance. IMF spokesman Gerry Rice said that the decision raises several concerns, Reuters reported. He goes further to note that cryptocurrencies