Satoshi Nakamoto is the pseudonym used by the creator(s) of Bitcoin, whose true identity remains unknown. The name was used to author the original Bitcoin (BTC) white paper in 2008 and to create and deploy the first Bitcoin software in 2009. Nakamoto’s true identity has never been revealed, and they have remained an enigma in the world of cryptocurrency. They are estimated to have mined around 1 million BTC in the early days of the network, which would make them one of the wealthiest people in the world. Some believe that Satoshi Nakamoto is a pseudonym for an individual, while …

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics. Other countries that have initiated similar projects include the Bahamas, the Marshall Islands and Nigeria. However, it is being reported that Nigeria’s eNaira has witnessed poor uptake so far, and the others have fared somewhat similarly. Moreover, India too has launched a pilot scheme for its digital rupee, while …

Crypto has tapped into various industries over the years to enable users with the unique ability to micro-monetize their actions. Play-to-earn gaming, along with earning from music streaming, has been the forerunner for this type of crypto integration. On Jan 24. Fountain, a value-for-value podcasting platform, announced a new partnership with ZEBEDEE, a financial services company that helps monetize games and apps, to enable Bitcoin (BTC) micropayments for podcast listeners. Oscar Merry, the founder and CEO of Fountain, called the ability to listen to a podcast and earn money for it, a powerful combo and the future of content creation. …

The chief executive from crypto and tech investment firm Ark Invest believes crypto assets will see a huge turnaround this year as inflation falls and the Fed pivots. In a company video blog on Jan. 23, Ark Invest CEO and CIO, Cathie Wood, started with a glance at the macroeconomic outlook. She said there was all kind of signals pointing to lower inflation which “suggests that the Fed should pivot soon.” This would be beneficial for risk-on assets such as crypto as the macroeconomic outlook improves and financial belts are loosened. She added that the firm believes inflation will come …

Non-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers. The last year has seen an increase in litigation delivered over NFTs in cases where those accused of blockchain crime wereuncontactable through traditional methods of communication. In November 2022, the United States District Court for the Southern District of Florida granted a United States law firm The Crypto Lawyers its request for its client to serve a defendant via NFT. While the defendant's identity was unknown, the plaintiff accused the defendant of stealing cryptocurrency to the …

The crypto market is highly volatile, and the prices of cryptocurrencies can fluctuate dramatically in a short period. Memes offer a way for people to express their emotions and cope with the ups and downs of the market in a lighthearted, humorous way. Crypto culture is heavily centered around online communities and social media, and memes are a widely used form of communication. They allow people to quickly convey complex ideas or emotions in a way easily understood by others in the community. Many of the concepts and terms in the crypto world can be challenging to understand for those …

The digital euro, should it come into existence, will preserve the role of the central bank by extending payment options beyond those offered by cash, European Central Bank (ECB) executive board member Fabio Panetta told a European Parliament committee Jan. 23. Panetta expressed satisfaction with the progress of research on a potential digital euro. He told the European Parliament Economic and Monetary Affairs Committee: “The ECB is at the global forefront of the efforts by central banks to design state-of-the-art digital payment solutions for both retail and wholesale transactions.” Access to the digital euro would initially be open to consumers, …

As Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian Armstrong floated the idea of the two countries moving to Bitcoin (BTC). This sparked various discussions over the viability of BTC as a national currency. On Jan. 22, the two South American countries announced their preparations to discuss a plan for a common currency that will run parallel with the Argentine peso and the Brazilian real. The move could potentially create the second-largest currency bloc in the world. As the news broke, Armstrong took to Twitter to suggest that BTC may be the right choice …

Last year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the future of the space. Both users and investors alike have continued to pile into the industry, especially in areas concerned with the metaverse. A new survey from CoinWire, which surveyed over 10,000 investors in the crypto space in December 2022, found that user sentiment towards the metaverse has digital reality poised to influence all areas of social life. 69% of respondents have placed their bet on the metaverse to reshape social lifestyle with a new approach to entertainment, while 65% believed in …

South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South Africa must abide by certain advertising standards pertaining to the provision of cryptocurrency products and services in a new clause introduced to Section III of the country’s advertising code. The first clause requires that adverts, including cryptocurrency offerings, must ‘expressly and clearly’ state that investments may result in the loss of capital ‘as the value is variable and can go up as well as down.’ Furthermore, adverts must not contradict warnings about potential …

Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy. In a blog post on Jan. 20, Buterin acknowledged the need to come up with a privacy solution because by default, all information that goes onto a “public blockchain” is public too. He then arrived at the concept of “stealth addresses” — which he said can potentially anonymize peer-to-peer transactions, nonfungible token (NFT) transfers, and Ethereum Name Service (ENS) registrations, protecting users. An incomplete guide to stealth addresses:https://t.co/21Q18BrD30 — vitalik.eth (@VitalikButerin) January 20, 2023 In the blog post, …

Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. According to Faustin-Archange Touadéra, the president of CAR, cryptocurrencies can potentially help eradicate the country’s financial barriers. He believed in creating a business-friendly environment supported by a legal framework for cryptocurrency usage. A rough translation of the official press release reads: “With access to cryptocurrencies, the monetary barriers existing until now will disappear, the main objective of the measures adopted by the government being the development of the national economy.” …