Making any cryptocurrency a national currency “is an inadvisable shortcut” – IMF officials
Two IMF officials have come out to warn Nations about the consequences of making cryptocurrency a national currency, stating that the repercussions “may be grave”. According to Tobias Adrian, financial counsellor and director of the IMF’s marketing department, and Rhoda Weeks-Brown, general counsel and director of the IMF’s legal department , a cryptocurrency like Bitcoin […]
The rumour on Amazon’s Bitcoin acceptance debunked
Earlier, news from an insider claiming Amazon will accept Bitcoin flooded the internet, an Amazon spokesperson has come out to deny this news calling it false. The prior claims that Amazon was preparing to accept Bitcoin and examine the issuance of its own token next year were untrue, according to an Amazon spokeswoman. Previously, according […]
Bitcoin trades at $40,000 for the first time in over a month
The price of bitcoin surpassed $40,000 on Monday, marking the first time the market has done so since mid-June. At the time of writing, the cryptocurrency was trading at $40,085 on Coinbase, up more than 17% in the last 24 hours. Bitcoin’s price last rose above $40,000 on June 16, as shown in the graph […]
Aave sets to launch institutional DeFi platform Aave Arc
DeFi platform Aave, has decided to change the name of its upcoming project Aave pro to Aave arc. The new project is said to be launched in weeks from now. According to CEO Stani Kulechov , DeFi Lending platform Aave has changed the name of its forthcoming institutional DeFi platform from Aave Pro to Aave […]
Cleveland Cavaliers basketball team joins Socios
Just like the UFC, Arsenal FC, Watford FC and others, sports and crypto are beginning to walk hand in hand, the Cleveland Cavaliers basketball team becomes the newest to be in the sports-crypto space. The Cleveland Cavaliers of the National Basketball Association have joined Socios, a blockchain-based platform that has tokenized various sports teams across […]