Cryptocurrency 

Tanzania’s First Female President Wants the Country to Go Crypto

Samia Suluhu Hassan, the president of Tanzania, is striving to embrace cryptocurrency with open arms. This move follows that of El Salvador adopting Bitcoin as legal tender.  No doubt the World Bank will not be happy with yet another developing nation jumping on crypto. However, when large swathes of your population is unable to take advantage of the world’s technology boom, any way of jumping in seems like a good idea. While Tanzania doesn’t want to adopt Bitcoin as currency right away, President Hassan directed the Bank of Tanzania to…

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Cryptocurrency 

The Great Bitcoin Mining Migration

3d illustration of bitcoin over circuit background with china flag Beijing told China’s cryptocurrency miners that they have to go. The People’s Republic’s recent crypto ban is not surprising considering the decentral nature of crypto. Qinhai and Xinjiang are two more provinces that added bitcoin mining to their hit list.  This follows an especially harrowing announcement on May 21 by Liu He at the 51st meeting of the State Council on Financial Stability and Development Committee. This reads like it’s straight of a George Orwell novel. The document states: Chinese…

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Cryptocurrency 

What is it and why is Kim Kardashian pumping it?

They weren’t thinking about Kim Kardashian when the official website for Ethereum described Ethereum as the “Foundation for our digital future.”  Her Instagram account to over 200 million followers received her advertisement for Ethereum Max. This made it the single biggest piece of social media crypto promotion ever in terms of absolute reach. The only one to have more influence over crypto via social media is Elon Musk.  “Are you guys into Crypto???? This is not financial advice but sharing what my friends just told me about the Ethereum…

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Cryptocurrency 

Why Elon Musk is Pushing Renewable Energy for Cryptomining

San Francisco / USA – Mar, 2020: Elon Musk, CEO of SpaceX, founder of Tesla. Famous entrepreneur. Vector portrait illustration. The ‘Dogefather’ Elon Musk  delivered his ultimatum on Sunday, essentially.  It’s pretty easy to see why. When the goal of your business is to reduce fossil fuel consumption, it’s important to take a lead. Elon Musk’s tweets about Bitcoin are the all-time best example of just how much power he holds.  There are many things we can admire Elon Musk for, and chief among them is this move. Regardless of…

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Cryptocurrency 

Biden Eyes Taxing Crypto, Thailand Clamps Down

The first half of this year saw massive rallies in crypto, and big regulatory moves in response.  Key Points: Biden Administration to require banks/exchanges/blockchain/crypto/defi companies to report Crypto transactions over $10,000 to the IRS. Thailand SEC Cracks Down: Effective June 11, 2021, Meme Tokens (Such as Doge), Fan Tokens, NFTs and Exchange Tokens cannot be traded in Thailand. Regulation fears one reason for the recent crypto dip. Some worry more regulation will cause further declines for all cryptocurrencies. Crypto Regulation in the US Rears its Ugly…

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Cryptocurrency 

Elon to Put Dogecoin on the Moon by 2022

By 2022, Tony Sta… I mean Elon Musk says he will be putting a real physical Dogecoin on the moon.  No one ever said the man wasn’t brilliant, if not a little eccentric. His backing of the cryptocurrency that was once just a joke is not just for fun. Dogecoin holders earned 12,000% returns since January 1st of 2021. Courtesy of Coindesk It’s incredible how an “investment” that generated 12,000% over less than 5 months was started as a joke. Imagine how many Sheba Inu dogs can be adopted for…

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Cryptocurrency 

Dogecoin Price Jumps Ahead More Than Half a Dollar

Within the past 24 hours, we have seen Dogecoin (DOGE) jump ahead and grow over 30% in price. With DOGE climbing the crypto ladder at a rapid pace, in the early hours of Tuesday, the coin price reached a new milestone and crossed the $0.50 barrier. The value of Dogecoin was $0.389421 and reached $0.541900 overnight–a 39% increase in price. As Dogecoin continues to grow in the crypto market, the digital currency has taken observers by surprise who have mocked and joked about coin–an intention by the creator himself. Despite…

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Cryptocurrency 

Tether Zips Past $50B and Heats Up the Crypto Market

HomeNewsCrypto NewsTether Zips Past $50B and Heats Up the Crypto Market Tether (USDT), the world’s largest stablecoin, just reached a market capitalization of $50 billion at the end of April 2021. A definitive sign that the cryptocurrency bull market is warming up, the Tether supply has grown by more than a factor of 10 over the last 12 months. Calculating the breakdown, that roughly accounts for 25% growth in the span of a month.  CTO of Tether Paolo Ardoino, has commented on this success stating, “Crossing a market cap of…

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Cryptocurrency 

Unlocking Cryptocurrencies: Growth, Opportunities and Limitations

HomeNewsCrypto NewsUnlocking Cryptocurrencies: Growth, Opportunities and Limitations As one of the most hyped technologies this past decade, cryptocurrencies have been recognized as the gateway to unlocking revolutionary change in business operations. By the year 2030, Gartner estimates blockchain will have generated $3.1 trillion. Reflecting on some recent events in the crypto industry, Ethereum has reached $2.6K, which is an all-time high for the currency. However, Bitcoin’s soaring numbers experienced a fall and its market cap dominance is just under 50%, the lowest value it has reached in almost three years. …

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Cryptocurrency 

Dogecoin Soars while Bitcoin Rebounds

HomeBitcoin NewsCryptocurrency Price Round-up: Dogecoin Soars while Bitcoin Rebounds This past weekend, Cryptocurrency coins experienced a downfall in prices after hitting all-time highs in the last couple of weeks. The market tanked early on Sunday morning, with Bitcoin taking the most extreme hit as it dropped $10K within a few hours. Dogecoin was the least affected crypto on the market, in comparison to others. It endured a minor dip and recovered shortly after with 12% gains by the end of Sunday. Other changes also occurred in the market such as…

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