Crypto
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One man’s plan to orange pill a nation: Bitcoin Senegal
Nourou is a 29 year old Bitcoiner with a vision for his home country. A former financial analyst for a French Bank, he founded Bitcoin Senegal in late 2021. Following an eight-year stint in France, during which Nourou earned his Masters degree, Bitcoin Chaincode qualifications, and a deep understanding of legacy financial markets thanks to work in investment finance, he was primed to orange-pill Senegal. He returned to his home country disheartened to learn that Coinmap (a website showing Bitcoin vendors and merchants around the world), had zero locations in Senegal. That’s despite singer and influencer Akon’s plans to set up a crypto-style Akon City. Passionate about Bitcoin and equipped with the knowledge that a “Bitcoin Beach” idea in El Salvador eventually lead to the first country to ...
Binance’s $10M donation adds to the growing support funds for Ukraine
The Binance Charity Foundation has also set up a crypto-priority emergency relief fund The Ukraine Emergency Relief Fund is nearing $6 million in donations. According to an announcement posted by Binance chief executive Changpeng Zhao, the world’s largest crypto exchange by transaction volume has donated $10 million to help in the crisis resulting from the ongoing Russian military action in Ukraine. The exchange’s non-profit charitable arm has also started a crowdfunding initiative and lobbied for crypto donations which will be used to help allay the situation in the country. “#Binance is donating $10M to help the humanitarian crisis in Ukraine & @BinanceBCF launched the crypto-first crowdfunding Ukraine Emergency Relief Fund. Our focus is providing on-the-ground supp...
Finance Redefined: 1Password partners with Phantom, and Stark deploys nine DApps, Feb. 18–25
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. In the aftermath of concerning political situations this week, the markets reacted strongly to the downside, but some assets attempted a recovery to end the week positively. 1Password collaborates with Phantom Wallet on API service Digital security platform 1Password announced a joint partnership with Phantom Wallet this week to grant asset holders the ability to consolidate their lists of public key addresses, seed phrases and other corresponding security details into a single “Save in 1Password” system. Operating primarily in the traditional financial sector at this time, 1Password has over 100,000 corporate clients from a panoply of industries, including well-recognized brands such as IBM, Slack, Shopify ...
Are NFTs coming soon to your favorite video games?
In 1996, when the Nintendo 64 was first launched in the United States, it sold 1.6 million units (worth $200 each) in its first quarter. Its closest competitor for the holiday season was a $30 Tickle Me Elmo doll, which sold around a million units in the same window. More than 20 years later, when Nintendo’s $300 Switch sold 1.5 million units in its first week, there was a lot more competition, and not just for the holiday season. The business of gaming has changed dramatically since its early days. From basic monetization through the sale of physical and digital copies of games to in-game monetization through microtransactions, the widespread adoption of the internet has caused a pronounced shift in the gaming landscape. While the previous millennium’s video game studios depended on reven...
Price analysis 2/25: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
The U.S. equity markets and Bitcoin (BTC) have rebounded sharply from their Feb. 24 lows while gold has made a retreat from its recent highs. This indicates that investors may be buying risky assets and reducing exposure to assets perceived as a safe haven. Recent reports also suggest that Russian President Vladimir Putin may send a delegation to negotiate with Ukraine and this raises hope that the conflict could end sooner than analysts expect. Some analysts believe that the U.S. Federal Reserve may not raise rates aggressively in March due to the geopolitical situation. Allianz chief economic advisor Mohamed El-Erian believes that the March 50 basis point rate hike is “completely off the table.” Daily cryptocurrency market performance. Source: Coin360 Dr. Raullen Chai, the co-f...
Bitcoin fails to beat resistance as $40K stays out of reach into weekly close
Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection. The pair had stayed broadly higher throughout the weekend, cutting traders some slack after a week of volatility at the hands of geopolitics and media headlines. Now, $38,500 was the level to watch for Bitcoin to close out the week and the month — failure to do so would mean a fourth straight monthly red candle. #Bitcoin has less than 36 hours to close above $38.5k in order to break th...
Inside the blockchain developers’ mind: Building a free-to-use social DApp
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. In my first article in this series, I explained why Ethereum and Steem haven’t been able to deliver a mainstream social decentralized application (DApp). In my second article, I explained how EOS attempted to combine features of both chains but it did so in a way that still required users to buy high-priced random-access memory (RAM) for accounts and smart contracts. In this article, I want to take a different approach to this problem, not based on comparisons to existing platforms but based on first principles. Instead of constraining our imaginations based on the limitations of t...
Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ATOM, FTM
The geopolitical news flow is likely to result in volatile moves in Bitcoin (BTC) and altcoins in the next few days. News of Russian President Vladimir Putin ordering the nuclear deterrence forces on high alert may be viewed as a negative, but reports of talks between the warring nations could be positive as it raises hopes of an end to the conflict. The crypto community came into focus as the Ukrainian government called for help and sought crypto donations. Some individuals on social media said their Ukrainian credit cards had stopped working and they were not able to withdraw money from their banks. They highlighted how crypto was the only money left with them. Crypto market data daily view. Source: Coin360 While some analysts are projecting that Bitcoin may have bottomed out, Cointelegr...
Solid DEX-related tokens you can buy on February 27: CRV, SNX, 1INCH, BNT and SRM
CRV, SNX, 1INCH, BNT and SRM are all solid DEX tokens. Each token serves a specific role and backs a specific project. They all have the potential for growth going forward. CRV, SNX, 1INCH, BNT and SRM are some of the best DEX tokens you can purchase on February 27, 2022, and we are about to go over each of them individually. Should you buy Curve DAO Token (CRV)? On February 27, 2022, Curve DAO Token (CRV) had a value of $2.36. The all-time high value of Curve DAO Token (CRV) was on August 14, 2020, when it was worth $54.01. January’s performance of Curve DAO Token (CRV) indicates that its highest point was on January 4, when it reached $6.70, while its lowest point was on January 24 at a value of $2.40. This was a decrease of $4.3 or by 64%. With this in mind, CRV can reach $3 by the end ...
Crypto community reacts to Russia’s war in Ukraine
Russia’s military intervention in Ukraine has elicited a strong reaction from the cryptocurrency community. The news of the invasion initially sent Bitcoin (BTC) and other cryptocurrencies tumbling. The U.S. government has since responded to Russia’s invasion with stringent economic sanctions that have helped crypto prices rebound from their initial price collapse. Amid all the doom and gloom, there are a few voices of hope in the crypto community. Ethereum co-founder Vitalik Buterin, a Russian citizen, voiced vocal opposition to Russia’s invasion and said the country should not have abandoned the prospect of a peaceful resolution to the conflict. FTX CEO Sam Bankman-Fried decided to step up and offer monetary support to Ukrainian traders. Every Ukrainian account ho...
Dogecoin co-founder slams memecoins, DAO aims to buy Denver Broncos, and BTC tourism surges 30% in El Salvador: Hodler’s Digest, Feb. 20-26
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Former Cisco employee launches DAO to buy Denver Broncos A freshly launched decentralized autonomous organization dubbed BuyTheBroncosDAO is aiming to raise enough capital to purchase the NFL’s Denver Broncos for roughly $4 billion. The project is offering fans of various levels of wealth the chance to own a slice of the Broncos, as there is no minimum requirement on how much they need to contribute to participate to the DAO. “The purpose, essentially, is to establish an infrastructure so that fans...
EU Commission to remove Russian banks from SWIFT cross-border network
The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and the United States highlighted their shared interest in defending Ukraine from the war against Russia: “We will hold Russia to account and collectively ensure that this war is a strategic failure for Putin.” While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system. President o...
