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Among the many benefits of cryptocurrencies, the world is discovering the help they can bring to poorer countries. In addition, cryptocurrencies can play an important role when centralized money isn't easily accessible. As an example, today, we will talk about an exciting story from South Africa. In this region, in sub-urban areas, Bitcoin adoption could change the lives of several people. Hermann Vivier and Bitcoin Ekasi Increasingly, we hear stories demonstrating the growth of cryptocurrencies in geographic areas with challenging…

Yet another public figure is interested in being paid with cryptocurrency, as opposed to fiat money. This time, it's Tom Emmer – the Republican representative for Minnesota’s 6th congressional district. Should he follow through, Emmer would be the first US national politician to experiment with a crypto-based salary. ‘Why Not?’ Says Emmer Emmer expressed openness to the idea in an interview with Bitcoin podcaster Anthony Pompliano on Monday. Pompliano mentioned the growing popularity of Strike’s “Pay Me In Bitcoin” service,…

After reaching 2 million active users in just six months after launch, Phantom released more big news. The crypto wallet for Solana's ecosystem raised $109 million from investors while also launching an iOS app. The firm raised the money in a Series B funding round. Paradigm led the financing round, and a crypto/web3 focused investment firm valued the company at $1,2 billion. Earlier investors also participated, including a16z of Andreessen Horowitz, Variant Fund, DeFi Alliance, Jump Capital, and Solana Ventures. Phantom…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,723 trillion. Bitcoin is up by almost 8% and trading at around $38,000. Ethereum gained over 7% in value this week. XRP is up by a little over 1% after a so-and-so week. Most altcoins are trading in the green after a week of intense volatility The DeFi sector lost over $13 billion to…

That was quick: it looks like one American politician is already trying to get her state on a Bitcoin standard. Senator Wendy Rogers recently introduced a bill to give Bitcoin legal tender status in Arizona. If it will pass, this would mark the first U.S. state to recognize Bitcoin as a currency, following in El Salvador’s footsteps.  Could Bitcoin be Legal Tender in AZ? The bill has already been posted for some time and underwent its first reading by the…

Being rich and famous comes with the freedom to do crazy things, such as gambling away one’s Bitcoin holdings. That’s what Drake – a superstar Canadian rapper – has been doing from home for a couple of days, inadvertently revealing that he owns the asset. The rapper showcased playing roulette with his Bitcoin holdings in an Instagram story Wednesday night. The image – caught by Twitter user @grveth – clearly shows his Bitcoin wallet in play. The rapper was caught…

The debate on undercollateralized vs. collateralized loans continues as investors look for the best ways to make money in cryptocurrency. Decentralized Finance (DeFi) took the crypto industry by storm in 2020. Since then, the sector has spurred numerous lending tools that blew the doors wide open to cryptocurrencies for everyone. Suddenly, newbies and expert investors could access crypto funds with minimum investment. Today, loans in DeFi are accessible to anyone willing to borrow or lend. They only need to decide…

Since the Taliban took power in Afghanistan, the economy has been in serious trouble. The new laws imposed by the government severely limit the rights of citizens. This is especially true for women, with vetoes justified by a fundamentalist religious interpretation. In such a context, cryptocurrencies are demonstrating their power. First, this article will look at a summary of the current political and social situation. Then, we will analyze an exciting story regarding Afghan women and cryptocurrencies following the initial…

Ethereum’s bright-minded co-founder has had another World-of-Warcraft-inspired idea for the Ethereum ecosystem. He recently posited that some NFTs should become untradeable to people who haven’t met the item’s conditions. While hurting the marketability and speculative side of NFTs, this could increase their value as signifiers of specific achievements/ value. "Soulbound" NFTs Vitalik aired his thoughts on the subject in yesterday's blog post titled “Soulbound”. Soulbound items in World of Warcraft refer to those it cannot trade to other players. These…