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“# Missouri mayor suggests giving residents up to $1K in Bitcoin ” The mayor of Cool Valley, Missouri said he was exploring giving more than $1 million in Bitcoin to the city’s 1,500 residents. In a Thursday interview with St. Louis news outlet KSDK, Mayor Jayson Stewart said he wanted to see “every single household…
“# Brazil’s central bank president endorses crypto regulation ” Speaking at an online event organized by the Council of the Americas, Roberto Campos Neto, president of the Central Bank of Brazil, shared his views on transparent payments networks, the country’s central bank digital currency project and crypto regulation. Campos Neto has been a staunch advocate of the cryptocurrency…
“# Stablecoin adoption and the future of financial inclusion ” Institutional interest in crypto is growing, confirmed by a Goldman Sachs survey, which found that 40% of the company’s high-net-worth clients were already exposed to cryptocurrencies. Stablecoins — which offer a more secure and steady option in the crypto space — have experienced hyper-growth, reaching…
“# Avalanche Rush to give out more than 180M in DeFi incentives ” Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release. It’s set to follow a…
“# Facebook’s David Marcus calls for “fair shot” at crypto payments ” In a newly published Medium piece titled “Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system”, Facebook’s crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Novi’s proposed stablecoin…
“# Ready Player Earn: Where NFT gaming and the virtual economy coincide ” Nonfungible tokens (NFT) have arguably transitioned from being an obscure part of the crypto and blockchain space to occupy greater significance within popular culture. Indeed, as cryptocurrencies and decentralization appear to permeate the conversation across social, political and economic lines, the apparent…
“# Ukrainian ministry considering digital currency pilot for staff salaries ” Mikhail Fedorov, Ukraine’s Deputy Prime Minister and the head of the country’s Ministry of Digital Transformation, has revealed a possible early use case for the nation’s planned central bank digital currency (CBDC). In a recent interview published by Ukrainian media outlet TSN, the minister…
“# Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index ” Vietnam, India and Pakistan are leading the world in terms of cryptocurrency adoption, underscoring the resilience of peer-to-peer monetary systems in emerging economies. Chainalysis’ 2021 Global Crypto Adoption Index evaluated 154 countries based on three key metrics: on-chain cryptocurrency value received, on-chain retail value…
“# Major European music festival will allow fans to buy tickets using EGLD ” The Untold Festival, scheduled to be held in Romania next month, has partnered with the Elrond Network to allow concert goers to pay for their tickets in cryptocurrency. In a Tuesday announcement, Untold said that tickets for its 2021 festival could…
“# Ether is more popular than Bitcoin in Singapore, new study finds ” Being a crypto-friendly country has paid off in terms of adoption, as a new study about Singapore revealed. The State of Crypto in Singapore Report 2021, conducted by crypto exchange Gemini in partnership with CoinMarketCap and Seedly, found that more than two-thirds…