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“# SPLC report examines use of Bitcoin and Monero by right wing extremists ” The Southern Poverty Law Center (SPLC) has released a report examining the extensive ties between the far right and Bitcoin, many of whom built fortunes in the cryptocurrency. In a Dec. 9 Hatewatch report, the SPLC shared its findings on how…
“# Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods ” Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of…
“# Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users ” The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering…
“# SushiSwap CTO resigns citing internal structural chaos ” Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the 13th largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement: “I wish Sushi the best and am saddened that Sushi is so…
“# Polygon to invest up to 250M MATIC into zero-knowledge tech ” Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir. Zero-knowledge algorithms enable external validators to verify encrypted transactions or documents without revealing the sensitive information hidden…
“# Inflation benchmark Frax Price Index to launch on Partisia blockchain ” On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index,…
“# UK politicians say cryptocurrency is ‘not an investment’ ” Members of Parliament (MPs) in the United Kingdom have called upon the Financial Conduct Authority (FCA) to limit the use of the word “invest” and “investment” by cryptocurrency firms for promotional purposes. According to a Dec. 9 report in The Times, MPs at the treasury…
“# WhatsApp starts testing currency payments with Meta’s Novi wallet ” Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, head of Meta’s cryptocurrency and fintech unit Novi, officially announced on Wednesday that Meta’s messenger subsidiary,…
“# Kazakhstan to decide whether to launch CBDC by late 2022 ” Kazakhstan, one of the world’s largest countries in terms of Bitcoin mining hash power, is continuing to explore a potential central bank digital currency (CBDC). The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according…
“# Coinbase announces support for hardware wallets, starting with Ledger ” Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of…