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The crisis in Turkey is going out of control. It began after President Recep Tayyip Erdogan defended recent interest rate cuts. He suggested pursuing a weaker currency to encourage growth. In his words, “the competitive force of the exchange rates leads to increase in investment, production, and employment.” The following day the currency dropped by 15%, the worst in years. Following this, protests erupted in various parts of Istanbul and Ankara. He went on[…]
The program is called the Novi Wallet and was started by Facebook now known as Meta. United States users now have the ability to use WhatsApp to send payments in the US dollar stable coins. Novi’s goal is to allow people worldwide to send and receive money quickly and efficiently with minimal costs by the use of mobile phones. Stephane Kasriel the Vice President of Novi and the head of Whatsapp, Will Cathcart both[…]
The prices of crypto listed on Coinbase Global Inc and the popular CoinMarketCap experienced an exceptional high on Tuesday. Many of the tokens showed an exponential gain in value making users wonder what happened. A crypto-technology startup that creates technology for clearing and settling credit default swaps on the blockchain. The two data providers tweeted a post on Twitter mentioning that the issue was resolved and trading will not be affected. Moments later Coinbase[…]
The government is to make some changes to the current cryptocurrency framework and will be coming out with a Cryptocurrency bill. Due to the changes, will take more than the winter session, said one of the senior government officials. The ideas discussed are the need for wider consultation and feedback from the public as well as if the Central Bank Digital Currency that is seen to be introduced by the Reserve Bank of India[…]
An average of one million patients worldwide have died due to toxic pharmaceuticals. By people online, on the streets, and even in the hospitals. Earlier this year the World Health Organization conducted research that one in ten medical products being used in low and middle-income counties are fake. Drugs of all sorts are in possession of people that don’t know better. Efforts to try and stop this occurrence from happening but no results came[…]
Although Bitcoin has not become a commonwealth in UK households, it has become more popular by the day. Bank governor Sir Jon Cunliffe mentioned if the value was to drop drastically, it could have a knock-on effect. He added that the Bank of England needs to be ready to handle its risks if prices drop. He told the BBC’s Today show that cryptocurrencies are now held by roughly 0.1 percent of UK households. This[…]
El Salvador President Nayib Bukele has announced the first-ever “Bitcoin City” building. The announcement was set out at a gathering of bitcoin supporters. Bukele said in 2022, a bond offering would take place entirely in bitcoin, 60 days after construction would begin. Where will Bitcoin city be located? The “Bitcoin City” will be near the Conchagua volcano. It will give power to both the city and the bitcoin mining, taking advantage of its geothermal[…]
Stocks and cryptocurrencies have their similarities and differences. You’re probably wondering what the difference is between the two and soon enough it’ll all be clear. Let’s start with stocks – a stock initially represents a percentage of the business. It stands as the value of a company and the value changes based on the company’s performance in the market. Cryptocurrencies on the other hand is a digital asset that can be stored and traded[…]
We will be discussing the forks on a blockchain in today’s article. Let’s start by explaining what a blockchain is. A blockchain is essentially a set of data blocks. They are linked together by cryptographic keys that form a chain of blocks. The chain eventually goes back to the very first block. We can picture a blockchain as a straight path made of several blocks linked together like a chain. Because the blocks are[…]
Binance stands for integrity and is always willing to compensate its users The world’s richest man, Elon Musk calls out Binance in support of the Dogecoin community members. He has been a renowned advocate and long-time supporter of Dogecoin. An error occurred on Binance resulting in the processing of an excessive amount of Dogecoin transactions from a year ago. In response to this malfunction, the DOGE platform imposed a two-week withdrawal freeze. Hearing this[…]