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“# El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs ” El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint integration, the updated Chivo wallet is expected to carry out instantaneous low-fee…
“# 3 reasons why QuickSwap (QUICK) price spiked by 50% ” Decentralized finance (DeFi) and the control it gives users over their assets is one of the most applicable sectors of the cryptocurrency ecosystem, but the general public is still hesitant to interact with most DeFi products due to the steep learning curve and the…
“# First cross-chain governance proposal passes on Aave ” On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave. According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, an executed proposal on Aave, which is built…
“# Blockchain-based decentralized messengers: A privacy pipedream? ” As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social media platforms, the need for tangible, decentralized alternatives has continued to grow rapidly. For perspective, in 2019, Facebook was ordered to pay…
“# MicroStrategy buys the dip by purchasing 660 Bitcoin for $25M ” Major Bitcoin (BTC) investor MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday. According to an official form with the United States Securities and Exchange Commission (SEC) filed on Tuesday, MicroStrategy…
“# Meta joins patent alliance, pledges free crypto patents for all ” The Crypto Open Patent Alliance (COPA) has welcomed Meta as a member, with the social media giants vowing to make its core crypto patents accessible to all. Meta, formerly Facebook, has joined the COPA, a group that advocates for public patents on crypto…
“# Thailand scraps 15% crypto capital gains tax following public backlash ” Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented. Thailand…
“# Kanye West says no to NFTs ” Kanye West won’t be purchasing a Bored Ape Yacht Club nonfungible token (NFT) any time soon. In a strongly worded Instagram post made on Monday, Ye stated “Do not ask me to do a f*cking NFT.” The message in the photo, shared with his 10.5 million followers,…
“# Mark Zuckerberg’s stablecoin project Diem officially shuts down ” Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative. Announcing the news on Monday, Diem CEO Stuart Levey confirmed that Meta is selling intellectual property and other…
“# India to introduce 30% crypto tax, digital rupee CBDC by 2022-23 ” In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the country’s economic growth. Sitharaman highlighted the need for digital inclusion across numerous…