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“# Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO ” While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction. Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he “doesn’t understand” Bitcoin…
“# Morgan Creek Digital co-founder sells his Chevy for Bitcoin ” As Bitcoin (BTC) momentum continues to grow, some people seem to prefer selling their belongings for cryptocurrency instead of fiat money. Jason Williams, a co-founder of Morgan Creek Digital, a dedicated digital asset investment business run by Morgan Creek Capital, sold his car for…
“# Who watches the watchmen? Crypto may not be as trustless as it seems ” Blockchain technology is great because it cuts out the middleman, removes the need to trust third parties, and gives users full agency over their finances, or true ownership of their wealth. From Bitcoin (BTC) to decentralized finance, blockchain technology has…
“# Thai music festival to use its own token for a cashless event ” Despite the ongoing COVID-19 pandemic, some global events have chosen to move forward as planned. Instead of canceling, they are working to limit close contact between attendees through the introduction of new technologies. One such solution involves a cashless payment system…
“# Matic becomes the first outside Ethereum to launch native Chainlink feeds ” Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem. Though there are many promised or…
“# Dress to impress: Crypto payments set for mainstream via compliance ” Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such…
“# Arizona State University adopts blockchain-based app to track COVID-19 ” Open The New York Times’s rolling survey of coronavirus cases on United States college campuses and the picture looks bleak: as of Nov. 5, over 252,00 cases had been confirmed across 1,600 colleges nationwide. The spread of infection, combined with an at best incompetent,…
“# Number of new Bitcoin addresses spikes amid growing FOMO ” As Bitcoin (BTC) hit a three-year high on Nov. 18, more people around the world have started moving into the world’s largest cryptocurrency, according to Glassnode data. Glassnode, a major provider of cryptocurrency analytics data, recorded a major spike in the number of new Bitcoin…
“# Japan’s megabanks to lead experiment with digital yen ” Japan’s three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists of banks, various Japanese brokerages, utilities and telecoms firms and retailers, according to a Reuters report published…
“# Finance Redefined: You get hacked, they get hacked, everyone gets hacked, Nov. 11-18 ” If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before,…