President Nayib Bukele, of El Salvador, announced yesterday he would issue a $1 billion “Bitcoin Bond” to build the first Bitcoin City in the world. The city would feature no taxes of any kind except VAT, and it would be carbon neutral, with most of the energy powering it coming from geothermal sources. Bukele also…
Funganomics Completes Its First Seed Investment Round to Accelerate Development of the NFT and Gaming Ecosystem
PRESS RELEASE. The Ethereum-based solution will be a premier, bespoke online community, bringing together NFT investors, partners, play-to-earn gamers and developers. While new NFT and PTE gaming sites are being deployed seemingly everyday, few if any have tied together in a seamless, intuitive way a truly robust and inclusive community that delights and rewards all…
Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets
Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with…
Nigerian Remittances Rebound as Country Tops Sub Sahara Africa — Sending Costs Still High
Nigeria is once again Sub Sahara Africa’s biggest recipient of remittances into the region where the money transfers went up by 6.2 percent to $45 billion, a new World Bank report has shown. The Impact of Nigerian Policies on Remittances According to the November 17, 2021 press release, this increase in the value of funds…
Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank of Russia to Charge for Digital Ruble Transfers The…
3air Leverages Blockchain Technology to Deliver Extensive Broadband Connectivity in Africa
The broadband internet connectivity platform, 3air, aims to bring seamless broadband connectivity within Africa. The recently announced platform recognizes the internet connectivity issues and the enormous interest in blockchain technology on the African continent. 3air solves the connectivity challenge by using wireless broadband technology to reach previously under-connected areas. 3air is built on the Cardano…