Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows…
Read more
A currency that gains value through abundance, not scarcity? That’s the object of a $3.3 million EU research project which doubled the value of an associated token overnight. A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program. The spot price for…
Read more
“For all the reasons it’s a strong developing asset class, it may fail,” said the former Goldman Sachs president. Gary Cohn, the former president of Goldman Sachs and former chief economic adviser to Donald Trump, believes that Bitcoin may not hold long-term prospects for investors. In an interview with Bloomberg released today, Cohn said that…
Read more
Binance CEO shed some light on how to judge the success of a project’s token economics. Top cryptocurrency exchange Binance’s CEO revealed his thoughts on token economics to explain how finance in the emerging new crypto industry works. According to Binance’s blog post on July 18, Changpeng “CZ” Zhao pointed out that it makes more…
Read more
Anthony Pompliano said recent unemployment has surged faster than the U.S. saw during the Great Depression, but what does that mean for crypto? Morgan Creek Digital co-founder Anthony Pompliano, also known as Pomp, jumped on a YouTube livestream on July 18, talking about the current economic state and its future. “In 1929, which was the…
Read more
The COVID-19 pandemic has revealed Bitcoin’s most important value, and it’s not the price — but its decentralized nature. Born within a financial meltdown and crisis, Bitcoin (BTC) has found itself again in the role of a proto-savior for the current failings of fiat and national currencies. Those failings namely being that national fiat currencies…
Read more
YouTuber Ivan on Tech recently explained how the video game RuneScape prepared him for crypto trading. The underlying premise of many video games might actually give people a core understanding of economics, especially in the crypto space. “As a kid, I played a lot of RuneScape,” crypto YouTuber and programmer Ivan on Tech said in…
Read more
Former Italian minister of economy and finance spoke to Cointelegraph about his vision of the future economy and crypto’s part in it. During the Code4Future conference, the first event in Italy dedicated to the concept of open innovation held at the Talent Garden in Rome, the former Minister of Economy and Finance Giulio Tremonti —…
Read more
