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Bitcoin has shown that money can be moved around the world without banks. The underlying blockchain technology is now being applied to the humble promissory note – one of the world’s oldest credit instruments, dating back centuries. I’m not sure what the Knights Templar would make of their 12th century parchment contracts being given the cryptocurrency treatment. To put it more accurately, electronic promissory notes are now employed to lend stablecoins, which are digital tokens backed by “real” assets. For example, Swiss technology firms CLST and FQX recently helped engineer a $5 million loan to Singapore-based crypto trading company Amber Group,…
John Geiger has made no secret of his legal battle with Nike, and the designer is now attempting to turn the brand’s lawsuit against him into an NFT. His iconic label has announced the release of the JG Lawsuit NFT. The NFTs will be available in Gold, Silver, and Bronze editions. The digital imagery will include a copy of Nike’s lawsuit against Geiger, as well as the John Geiger GF-01 sneaker. All about John Geiger’s Nike Lawsuit In August 2021, Nike added Geiger to a lawsuit that was originally filed against footwear manufacturer La La Land Production. After that, La…
Satoshi Nakamoto is said to be a pseudonymous cryptographer and coder who just somehow happened to have invented Bitcoin. However, since Dr. Craig Wright is publicly acknowledged as the man behind the pseudonym which was confirmed by the outcome of the Kleiman v Wright court case, we have to ask ourselves how exactly Dr. Wright was able to invent Bitcoin. In this video, Bitcoin entrepreneur Ryan X. Charles described Dr. Wright as “a genius with 17 degrees.” Since the video is from 2019, we would have to add several more degrees nowadays because Dr. Wright is still enrolled at plenty of universities at the…
The 11-year-old fintech said it had become Australia’s first broker to offer cryptocurrency to its clients after signing a deal with the country’s longest running digital asset exchange Online Australian platform SelfWealth is expected to become the country’s first traditional stockbroker to offer cryptocurrencies to domestic clients. According to a press release on Tuesday, the platform has signed a deal with one of the country’s longest-running crypto exchanges, BTC Markets, in a bid to open doors for SelfWealth clients to hold digital assets under one roof. “Currently, moving between popular investment types usually requires access to multiple trading platforms and…
Boys Club, a collective for women and nonbinary people, wants to create a “no-bro zone for the crypto curious.” “Whether we like it or not, it’s happening,” the woman with the microphone is saying. “I know it feels really fringey right now, but in, like, three minutes we’re going to be living in this world.” I’m one of about a hundred women in their 20s and early 30s with the kind of professionally cool haircuts you can only get at salons with big Instagram followings, in a dimly lit, rather swanky hotel bar in Manhattan. We are here to learn…
Avowed enemies who disagree on multiple regional issues, India and Pakistan are on the same page when it comes to dealing with cryptocurrencies. Their respective central banks have come down equally hard on decentralised, digital currencies, which they fear promote more speculative investments than finance. In the past few days, the Reserve Bank of India (RBI) and the State Bank of Pakistan (SBP) have joined peers from half a dozen other nations to renounce virtual currencies such as Bitcoin. RBI Governor Shaktikanta Das warned people who have piled up money in cryptocurrencies, saying they were doing it at their own…
The elusive truffle is now an NFT. In a bizarre yet excellent example of the power of NFTs, one man is selling a rare giant truffle. The aptly named “The Big Truffle 2022” is an auction taking place on OpenSea right now, and you can make an offer for this digital rights of this tremendous truffle. Although you won’t win the actual truffle, you will receive a once in a lifetime experience. Truffles are a type of edible fungi similar to mushrooms. This evasive delicacy is one of the most expensive food items in the world, and now you can…
NFT staking is a promising subsection of DeFi that potentially solves a number of problems when it comes to NFT trading. Above all, it offers NFT holders a chance to earn tokens from their NFTs without ever having to sell, making it an attractive passive income model. It’s still early days when it comes to NFT staking but considering how much NFTs are growing, and the utility behind NFT staking, it’s easy to imagine that this practice will only become more common in the future. So without further ado, let’s learn about NFT staking and why it’s worth taking note…
The Better Business Bureau has sent out multiple alerts about a fake cryptocurrency business that has scammed job seekers out of thousands of dollars. One man says he’s out $10,000 due to the scheme. Daniel LaSane thought he found a fresh start to get back into the workforce while scrolling through job openings on Indeed.com. The job description was being a portfolio manager for stock and also in bitcoin. LaSane applied for the job with Cryptocurity LLC and said he did several interviews with employees there and was offered the job. He was sent paperwork that stated the salary would…
MicroStrategy CEO Michael Saylor talked about why bitcoin is the best store of value in a new interview, soon after vowing to stick with buying the digital asset even as it comes under pressure. The noted bitcoin evangelist also shared his thoughts on digital assets going mainstream, and why “cryptocurrency” isn’t the right term, on Irish economist David McWilliams’ podcast on Thursday. Here are Saylor’s 10 best quotes from the interview. 1. “If you’re going to buy any long-dated asset — but especially if you’re going to buy property, and if you’re going to buy bitcoin — if you wouldn’t hold it for a decade, you shouldn’t hold…