Author Archives: creative

Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …

Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures. Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to make a positive impact in a region hoping to grow economic value through technology. Death march for El Salvador The debate around El Salvador continued this week as media and officials tried […]

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Bitcoin retests $37K support, gold and stocks drop lower over Fed comments

Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support. Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled back as a result of Federal Reserve Chair Jerome Powell’s comments related to future interest rate hikes and concerns over rising inflation which led to pdeclines for both Bitcoin and gold.  Data […]

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Neil Patrick Harris Hodls Bitcoin, Partners With Cryptocurrency ATM Operator

Actor and bitcoin investor Neil Patrick Harris has partnered with a leading cryptocurrency ATM operator to help people see “how easy and accessible it is to invest in cryptocurrency and join the future of finance.” Harris also shared how he got into bitcoin. Neil Patrick Harris Partners With Bitcoin ATM Operator Coinflip Coinflip, one of the largest cryptocurrency ATM operators, announced Tuesday a partnership with actor and long-time crypto investor Neil Patrick Harris, to launch a marketing campaign with the actor as the spokesperson. Founded in 2015, […]

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The Marathon: Ethiopia And Bitcoin

The African country is primed to embrace bitcoin, culturally and economically. Africa is large, young and dynamic. What happens when a country like Ethiopia puts Bitcoin to the ultimate stress test? I. Little Brother Bitcoin Ethiopia, like most countries, is bound to have a Central Bank Digital Currency (CBDC), in the flavor of a U.S. dollar backed Ethiopian birr. This new CBDC will allow the State to continue printing currency in the digital age. As reasoned by Alex Gladstein in Cato Journal’s recent essay, “Financial Freedom and […]

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Yield Guild Games Raises $4 Million to Power Its Play-to-Earn Proposal

Yield Guild Games, an online gaming guild, has raised $4 million to power its play-to-earn proposal in a Series A funding round. The funding round was led by Bitkraft, a venture capital company specializing in e-sports investments. Other blockchain and crypto-related companies also participated. The company plans to include more gamers in its activities with these new funds. Yield Guild Games Raises $4 Million in Series A Funding Round Yield Guild Games, an online gaming guild, has managed to raise $4 million in its series A funding […]

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Decentralized Gaming Platform DeFi11 Eyes Expansion After $3.5M Raise

PRESS RELEASE. DeFi11, a decentralized gaming ecosystem, is introducing major changes to both revamp the platform and make it fairer to users as part of an expansion fuelled by recent funding. 17th June 2021, New Delhi, India – Fantasy sports have gained massive popularity in recent years. The market is expected to grow by 7% by 2024. However, a lack of regulation has allowed companies to exploit users. Many fantasy sports and virtual gaming platforms have been accused of publishing false volumes, creating fake winners, and misusing […]

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GOP U-turn: House Republicans begin accepting cryptocurrency donations

The GOP will accept crypto contributions through BitPay, allowing them to convert assets like Bitcoin and Ether into U.S. dollars. The National Republican Congressional Committee, or NRCC, announced Thursday that it will begin accepting campaign donations in cryptocurrency as a part of a broader effort to retake the House and stop Democrats from pursuing their policy agenda.  “The NRCC is proud to lead the charge in accepting cryptocurrency campaign contributions,” chairman Tom Emmerson said in a statement, adding: “We are focused on pursuing every avenue possible to […]

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Not sure if the bulls are back? Here’s how the golden cross spots trend reversals

This key moving average convergence is a strong signal that the market is shifting from bearish to bullish. The most important aspect in trading is to correctly identify the long-term trend. Once this is done, the rest of the steps are not very difficult because all a trader needs to do is look for buying opportunities in an uptrend and selling opportunities in a downtrend.  In reality, many traders complicate the process by waiting for lower levels to buy in a bull market and missing a large […]

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SEC Seeks Commentary From ‘Interested’ Individuals on Vaneck Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) is currently seeking additional commentary from the public, as the regulating body ponders the Vaneck bitcoin exchange-traded fund (ETF) decision. In a notice published on Wednesday, the SEC thinks “interested persons” should provide comments on the proceedings. SEC Is Looking for Comments Concerning Vaneck’s Proposed Bitcoin ETF Listing In December 2020, New York-based investment management firm Vaneck filed with the SEC to list a bitcoin ETF. Following the original filing, in March 2021, the Chicago Board Options Exchange (Cboe) applied […]

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Banning Bitcoin Is Like Herding Cats

If the U.S. attempted to ban bitcoin, an endless digital game of whack-a-mole would ensue. In the world of media, “If it bleeds, it leads,” is still very much a fashionable trope. However, when it comes to Bitcoin, there’s a new trope in town: “If it misleads, it leads.” In a recent article for The New Republic, Jacob Silverman, a highly talented writer, discusses the recent ransomware attack on JBS Foods. On Sunday, May 30, the world’s largest meat processor suffered a massive cyberattack, shutting down a […]

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