Monthly Archives: June 2021

Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin

Ethiopian-based group Project Mano is lobbying the government to mine, hold, and link Bitcoin to the ETB or other legal tenders. Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC). In a June 16 Tweet, Dorsey shared a Twitter thread from Project Mano, an Ethiopian-based lobbying group that is trying to get the government to consider mining and storing Bitcoin. #bitcoin https://t.co/jQSnJr5bv8 — jack (@jack) June 15, 2021 Dorsey appears to have given […]

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Digital euro could drain 8% of bank deposits, Morgan Stanley says

Banks in smaller countries like Latvia, Estonia and Greece could be impacted harder by the digital euro, analysts said. Analysts at the American multinational investment bank Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted. According to the analysts, a European Union central bank digital currency (CBDC) could suck away 8% of customer deposits from eurozone banks, Reuters reports Wednesday. This share may be far higher in smaller countries like Latvia, Lithuania, Estonia, Slovakia, Slovenia and Greece, they […]

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Kyber expands to Polygon, announces $30M โ€˜Rainmakerโ€™ liquidity mining program

The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools. Decentralized finance liquidity hub Kyber Network is set to become the next DeFi protocol to enter the expanding Polygon ecosystem. In a statement issued on Wednesday, Kyber announced the launch of Rainmaker, a liquidity mining program on the platform’s Dynamic Market Maker protocol that will commence on June 30 to mark Kyber’s expansion to Polygon. According to the announcement, the Rainmaker program will distribute $30 million in rewards […]

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Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes

Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds that as a result of this abuse, Nigeria is now spending more money on reprinting banknotes than it should. According to a report that quotes Badajo, an assistant director at the CBN’s […]

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Bitwise secures $70M in Series B funding from major Wall Street investors

Bitwise has attracted significant investments from major American institutional investors to the tune of $70 million. Bitwise, a four-year-old crypto asset management firm, has closed a Series B funding round, raising $70 million in fresh capital from investors. According to a report by CNBC on Tuesday, major Wall Street figures such as billionaire investor and Bitcoin (BTC) proponent Stanley Druckenmiller and David McCormick, CEO of asset management giant Bridgewater Associates, participated in the funding. Commenting on the stellar cast of investors, CNBC quoted Bitwise CEO Hunter Horsley […]

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Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining

Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia Between June 1 and June 14, police in Abkhazia have found eight facilities for cryptocurrency mining that have been operating in breach of the country’s ban on digital coin minting. Law enforcement […]

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Celsius.Network – The Easiest Way To Earn & Borrow With Your Crypto (Alex Mashinsky, CEO & Founder)

๐’๐ข๐ ๐ง ๐ฎ๐ฉ ๐ง๐จ๐ฐ ๐Ÿ๐จ๐ซ ๐‚๐ž๐ฅ๐ฌ๐ข๐ฎ๐ฌ ๐๐ž๐ญ๐ฐ๐จ๐ซ๐ค ๐ฎ๐ฌ๐ข๐ง๐  ๐ฆ๐ฒ ๐ซ๐ž๐Ÿ๐ž๐ซ๐ซ๐š๐ฅ ๐œ๐จ๐๐ž ๐Ÿ๐Ÿ๐Ÿ–๐Ÿ–๐Ÿ๐Ÿ๐š๐Ÿ๐Ÿ”๐š, ๐š๐ง๐ ๐ฉ๐ซ๐จ๐ฆ๐จ ๐œ๐จ๐๐ž "๐๐“๐‚๐Ÿ’๐ŸŽ", ๐ญ๐จ ๐ ๐ž๐ญ $๐Ÿ’๐ŸŽ ๐ข๐ง ๐๐“๐‚ ๐š๐Ÿ๐ญ๐ž๐ซ ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐ž๐ซ๐ซ๐ข๐ง๐  $๐Ÿ’๐ŸŽ๐ŸŽ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง ๐œ๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐‚๐ž๐ฅ๐ฌ๐ข๐ฎ๐ฌ ๐ฐ๐š๐ฅ๐ฅ๐ž๐ญ ๐š๐ง๐ ๐ก๐จ๐ฅ๐๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐Ÿ‘๐ŸŽ ๐๐š๐ฒ๐ฌ. ๐Œ๐ข๐ง๐ข๐ฆ๐ฎ๐ฆ ๐จ๐Ÿ $๐Ÿ’๐ŸŽ๐ŸŽ ๐ฆ๐ฎ๐ฌ๐ญ ๐›๐ž ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐ž๐ซ๐ซ๐ž๐ ๐ข๐ง ๐จ๐ง๐ž ๐ญ๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง. ๐˜ˆ๐˜ญ๐˜ฆ๐˜น ๐˜”๐˜ข๐˜ด๐˜ฉ๐˜ช๐˜ฏ๐˜ด๐˜ฌ๐˜บ ๐˜ช๐˜ด ๐˜ข๐˜ฏ ๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ฆ๐˜ฑ๐˜ณ๐˜ฆ๐˜ฏ๐˜ฆ๐˜ถ๐˜ณ ๐˜ธ๐˜ฉ๐˜ฐ ๐˜ฉ๐˜ข๐˜ด ๐˜ง๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ฅ ๐˜ด๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜ข๐˜ญ ๐˜ฏ๐˜ฐ๐˜ต๐˜ข๐˜ฃ๐˜ญ๐˜ฆ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ๐˜ง๐˜ช๐˜ณ๐˜ฎ๐˜ด ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜œ๐˜ฏ๐˜ช๐˜ต๐˜ฆ๐˜ฅ ๐˜š๐˜ต๐˜ข๐˜ต๐˜ฆ๐˜ด. ๐˜๐˜ฆ ๐˜ง๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ฅ ๐˜ˆ๐˜ณ๐˜ฃ๐˜ช๐˜ฏ๐˜ฆ๐˜ต ๐˜ช๐˜ฏ 1996 ๐˜ข๐˜ด ๐˜ข ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ฐ๐˜ฅ๐˜ช๐˜ต๐˜บ ๐˜ฆ๐˜น๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜จ๐˜ฆ ๐˜ง๐˜ฐ๐˜ณ ๐˜ต๐˜ฆ๐˜ญ๐˜ฆ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ถ๐˜ฏ๐˜ช๐˜ค๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜ช๐˜ฆ๐˜ด ๐˜ต๐˜ฐ ๐˜ต๐˜ณ๐˜ข๐˜ฅ๐˜ฆ ๐˜ถ๐˜ฏ๐˜ถ๐˜ด๐˜ฆ๐˜ฅ ๐˜ญ๐˜ฐ๐˜ฏ๐˜จ-๐˜ฅ๐˜ช๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ค๐˜ฆ ๐˜ฎ๐˜ช๐˜ฏ๐˜ถ๐˜ต๐˜ฆ๐˜ด. ๐˜”๐˜ข๐˜ด๐˜ฉ๐˜ช๐˜ฏ๐˜ด๐˜ฌ๐˜บ’๐˜ด’ ๐˜ฐ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜บ, ๐˜๐˜ฐ๐˜ช๐˜ค๐˜ฆ๐˜š๐˜ฎ๐˜ข๐˜ณ๐˜ต, ๐˜ธ๐˜ข๐˜ด ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต […]

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Tunisian Minister Says He Plans to โ€˜Decriminalizeโ€™ the Buying of Bitcoin

After reports that Tanzanian President Samia Hassan had asked her finance chief to look into cryptocurrencies, Tunisia has become the latest African country to signal a willingness to embrace digital assets. According to remarks attributed to Ali Kooli, Tunisia’s economy minister, the North African state will soon move to decriminalize the buying of bitcoin. This comes after the recently reported arrest of a 17-year-old crypto user. According to reports, Minister Kooli says he wants to decriminalize the purchase of bitcoin in order to avoid having another Tunisian […]

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Proposed crypto ban legislation reportedly under review by India’s government

Authorities in India are reportedly weighing up options concerning crypto regulations in the country. India’s government is reportedly reviewing modalities for banning or regulating cryptocurrencies in the country. According to Bloomberg Quint, reports indicate that the government is in talks with financial regulators and industry stakeholders to examine the provisions of an earlier proposal that effectively called for a blanket prohibition of crypto in India. Back in February, several reports out of India stoked fears of a possible crypto ban that has so far failed to materialize. […]

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New DAO launches after $230M funding round including Peter Thiel, Alan Howard

A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit. BitDAO, a new decentralized autonomous organization, is launching after a $230 million funding round led by billionaire venture capitalist Peter Thiel. BitDAO announced its DAO launch on Tuesday in conjunction with completing a private sale from initial partners led by Thiel, Pantera Capital, Dragonfly Capital and Founders Fund. Other investors included billionaire hedge fund manager Alan Howard, liquidity platform Spartan Group, Jump Capital, Fenbushi and Kain […]

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