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Showing posts from March, 2023

China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase

China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment. China Advances De-Dollarization Efforts With Brazil and France China is positioning its fiat currency, the yuan, as a U.S. dollar alternative for international settlements. The Chinese government recently achieved two milestones in this sense, inking a bilateral deal with Brazil that will allow the two countries to settle payments with their national currencies, and completing the first LNG (Liquefied Natural Gas) import trade settled in yuan. The Brazil-China deal allows the two countries to exchange goods using the Chinese yuan and the Brazilian real. The expectation is that this deal will ease the transactions between the two countries,

Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition

Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation, its justice minister indicated. Alleged South Korean Crypto Fraudster Do Kwon Stays in the Balkans for Now, Officials Say Kwon Do-Hyung, the CEO of the company behind crashed stablecoin terrausd and cryptocurrency luna who is better known as Do Kwon, will face trial in Montenegro. He was arrested there on March 23 while trying to leave for Dubai using a false Costa Rican passport. Terraform Labs co-founder’s trial for using forged personal documents “must be completed first” before he can be extradited to other countries, his Montenegrin lawyer Vojislav Zečević told South Korea’s Yonhap news agency on Tuesday. Authorities in both South Korea and the United States are seeking Kwon’s extradition. How

EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions

EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified . “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company,” the European Parliament emphasized. Lawmakers Vote on New EU Regulation On Tuesday, members of the European Parliament (MEP) from the Economic and Monetary Affairs Committee (ECON) and the Civil Liberties, Justice and Home Affairs Committee (LIBE) adopted their position on three pieces of draft legislation on the financing provisions of EU Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) policy. One of the three was the “single rulebook” regulation, which aims to harmonize financial regulation across the EU. It was adopted with 99 votes to 8 and 6 abstentions, according to an announcement by the European

Is Burger King UK Next in Line to Accept Dogecoin?

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Prominent fast food chain, Burger King has been making quite some noise in the crypto -verse. Earlier this week, Burger King Paris revealed that it will start accepting crypto currencies for payments via Binance & Alchemy Pay. It looks like Burger King UK might follow suit as well. However, the fast food giant seems to have its eyes on one particular asset. Burger King’s UK location responded to a post about Burger King Paris accepting Bitcoin and other crypto currencies with the fairly surprising comment, “We need doge.” we need doge — Burger King (@BurgerKingUK) March 28, 2023 The crypto community was soon alerted by this inclination towards Dogecoin . An array of them stepped forward and urged Elon Musk to “eat a Burger King instead of a Happy Meal from McDonald’s” on TV. It should be noted that Musk promised to eat a Happy Meal on TV if McDonald’s accepted Dogecoin for payments. With Burger King embracing the meme coin, the DOGE community pushed Musk in a di

How Irish farmers turn cow dung into digital gold (Bitcoin)

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Tom Campbell, an Irish dairy farmer who runs a farm in County Armagh, is using excess energy from his farm to mine Bitcoin. An Irish dairy farmer has found an unusual way to make use of the excess energy produced on his farm — by turning to Bitcoin (BTC) mining. Tom Campbell, who runs a farm in County Armagh, Northern Ireland, produces renewable energy using a method called anaerobic digestion. This involves breaking down biodegradable material to a point where it creates methane gas, which can be used to produce electricity. Campbell primarily uses the electricity to power his farm, but when there is excess Energy that cannot be exported to the grid, he uses it to mine Bitcoin. Mining involves using specialized computers to solve complex mathematical equations, with successful miners rewarded with BTC. Bitcoin mining requires a lot of energy, and Campbell's farm produces up to 700 kilowatts of electrical output, equivalent to powering nearly 12,000 households. The Irish governmen

Uniswap Price Prediction 2023-2030: Will UNI Price reach $11 Soon?

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Table of contents What is Uniswap (UNI)? Uniswap (UNI) Market Overview Analysts’ View on Uniswap (UNI) Uniswap (UNi) Current Market Status Uniswap (UNI) Price Analysis 2023 Uniswap (UNI) Price Analysis – Keltner Channel Uniswap (UNI) Price Analysis – Relative Strength Index Uniswap (UNI) Price Analysis – Moving Averages Uniswap (UNI) Price Prediction 2023 Uniswap (UNI) Price Prediction – Resistance and Support Levels Uniswap (UNI) Price Prediction 2024 Uniswap (UNI) Price Prediction 2025 Uniswap (UNI) Price Prediction 2026 Uniswap (UNI) Price Prediction 2027 Uniswap (UNI) Price Prediction 2028 Uniswap (UNI) Price Prediction 2029 Uniswap (UNI) Price Prediction 2030 Uniswap (UNI) Price Prediction 2040 Uniswap (UNI) Price Prediction 2050 Conclusion FAQ More Crypto Price Predictions: What is Uniswap (UNI)? A well-liked decentralized trading system called Uniswap is well-known for enabling the automatic trading of tokens related to decentralized finance (DeFi). Uniswap, an autom

XRP price: 'sell the news' moment nears after crypto-leading 20% weekly gain

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XRP whales have been accumulating since February with only days remaining until the SEC vs. Ripple lawsuit could reach its potential conclusion. XRP (XRP) price is currently outperforming all other major cryptocurrencies as of March 27, rising over 20% in the past seven days. XRP/USD daily price chart. Source: TradingView XRP accumulation ahead of SEC vs. Ripple ruling XRP has seen steady gains over the past seven days as the ongoing legal quandary between Ripple and the U.S. Securities and Exchange Commission (SEC) is expected to conclude by the end of March. Meanwhile, the supply of XRP held by addresses with a balance between 10 million and 100 million tokens has risen by over 1% since February. That coincides with a 0.75% drop in the XRP supply held by the 1 million-10 million address cohort. XRP balance in addresses holding between 1,000 and 100 million tokens. Source: Santiment The addresses holding between 1,000 and 1 million XRP also increased their token holdings in the same

How to buy and sell NFTs on Nifty Gateway

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From Beeple to Lil Yachty, Gemini’s NFT marketplace Nifty Gateway has a lot to offer for crypto artists. Nonfungible token (NFT) marketplaces transacted roughly $82 million in 2020 and a staggering $17.6 billion in 2021, indicating a rising demand and high user interest in NFTs. This meteoric rise of digital asset trading ranged from whimsical cartoon JPEGs to National Basketball Association trading cards, artwork, music and more. One such Marketplace for collecting and trading NFTs is Nifty Gateway. Nifty Gateway was founded in 2018 by Duncan Cock Foster and Griffin Cock Foster. In 2019, it was acquired by Tyler and Cameron Winklevoss’ cryptocurrency exchange, Gemini. Nifty Gateway positions itself as a high-end NFT Marketplace on the Ethereum blockchain, partnering with top digital artists, musicians, athletes and brands to create limited-edition exclusive launches. The platform has sold NFTs by Beeple, Pak, Refik Anadol, rapper Lil Yachty and other widely followed NFT artists. Duri

Arbitrum airdrop: Hacked vanity addresses used to siphon $500K

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The tokens were stolen by someone who compiled vanity addresses eligible for ARB airdrops. Hacked vanity address es have reportedly been used to steal $500,000 worth of Tokens from the March 23 Airdrop of the layer-2 scaling solution Arbitrum. A vanity address is a customized cryptocurrency address that contains specific words or phrases chosen by the user, with the aim of making them more personal and easily identifiable. However, the disadvantage includes the security risk of a possible hack. The tweet explained that the tokens were stolen by someone who compiled vanity addresses that were eligible to receive ARB tokens, generated similar addresses using vanity address generators and directed the airdropped tokens to them instead. The hacking of these vanity addresses makes it impossible for the original owners to claim their ARB tokens. Several crypto users have expressed sadness as they tweeted about their stolen ARB tokens. The majority of individuals affected are unaware of the

How blockchain can help reimagine a new state in Africa

Eche Emole, the co-founder of Afropolitan, explains how the nation-state experiment has failed, especially in Africa, and how blockchain can be used to reimagine a new state. On episode 12 of Cointelegraph’s  Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain. From an event and media company, Afropolitan has transitioned to a blockchain -based state of Africans on the continent and in the diaspora. Emole, an African in the diaspora with a political science, philosophy and law background, believes the nation- state experiment has failed in Africa. According to him, the existing state structures have stifled the development of people on the continent. “We truly believe that the nation-state experiment has failed for Africans globally. It has yielded nothing but poverty, weakness, corruption, and it very stifling.“ The co-founder of Afropolitan explains that the inspiration to build a network state comes from an

This Crypto Startup Partners with Fitness Influencers and Offers Users Exclusive Rewards – How Does Fight Out Work? (FGHT)

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Join Our Telegram channel to stay up to date on breaking news coverage Fight Out is a new project in the play-to-earn (P2E) scene. It rides on the shoulders of a train-to-earn mechanics set to transform the fitness and gaming industries. To do this, the project wants to incentive participants to stay fit. Join the fastest-growing Play-to-Earn game now! With Fight Out, you'll be able to train hard, level up, and earn real rewards. Don't miss out on the fun! 👉 https://t.co/9pikKGRjSd#FightOut #PlayToEarn #Crypto pic.twitter.com/pwCCEGFOcO — Fight Out (@FightOut_) March 20, 2023 Using an innovative approach, the project integrates every form of exercise and workout routine, expertly weaving it into the metaverse world. Here, members can earn rewards for every progress they make in life. Thus far, Fight Out has raised over $5.70 million with barely two days to the end of the presale phase. 🚨 $5.7M RAISED 🚨 Less than 10 days left to get involved in the #Presale!