Search Results for: explained

Report: South African University to Issue Blockchain-Based Certificates to Graduating Students

by

A South African university has said starting this year it will issue blockchain-based certificates to students graduating from the learning institution. University administrators argued that a blockchain-based certification system will help prevent fraud and end the production of fake documents. QR…

Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD

by

On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for the $10 [billion] worth of highly liquid assets raised…

Jack Dorsey Claims if ‘You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure’

by

The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk…

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

by

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for…

Brazilian Congress Aims to Pass Unified Crypto Framework in Coming Months

by

The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek…

Crypto and Blockchain Firms Constitute 16% of UAE Free Zone’s Record Q1 Company Registrations

by

Crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022, the Dubai Multi Commodities Centre (DMCC) has said. The surge in crypto-related registrations also coincided with a quarterly period in which the…

Luna Foundation Purchases Another $5 Million in Bitcoin, LFG Wallet Holds 42,530 BTC

by

The Luna Foundation Guard (LFG) purchased an additional 123.89 bitcoin on Friday worth close to $5 million at the time of settlement. Since mid-March, Terra’s LFG has been acquiring bitcoin on a regular basis and after the purchase on Friday morning,…

Tesla’s Elon Musk Offers to Buy Twitter for $41 Billion, Says He Wants to Make It a Private Company

by

Tesla billionaire Elon Musk has offered to purchase Twitter for $41.4 billion, according to a Securities and Exchange Commission (SEC) filing published on Thursday. Musk also explained in his note that he believes Twitter should be a private company and he…

Ripio Announces Expansion to Colombia in Next Months

by

Ripio, an Argentinian cryptocurrency exchange, has announced concrete actions regarding its expansion to Colombia. The company will offer a new option for cryptocurrency users and traders in Colombia, and will also offer a financial education proposal that is yet to be…

Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding

by

Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March,…