by Lindi Miti | Jun 16, 2022 | News, Weekly Recap
Bill Gates Criticizes NFTs Bill Gates, the Microsoft founder, criticized NFTs during a TechCrunch interview about climate change. The philanthropist said digital assets were 100% based on the Greater Fool Theory. The Greater Fool Theory states that an asset will go up...
by Lindi Miti | Jun 15, 2022 | News, Weekly Recap
Lacoste Launches NFTs French luxury brand, Lacoste, is launching a web3 universe called UNDW3 (pronounced underwater). UNDW3 will allow Lacoste community members to own the brand creatively and further the brand’s vision. The first NFT collection dropped on Tuesday....
by Lindi Miti | Jun 14, 2022 | News, Weekly Recap
Celsius Halts Deposits and Withdrawals Celsius, a centralized DeFi platform, has halted deposits and withdrawals of cryptocurrency, citing extreme market conditions. The company said it activated a clause in its Terms of Use that allows them to freeze customers’...
by Lindi Miti | Jun 13, 2022 | News, Weekly Recap
Do Kwon Denies Cashing Out $2.7B Do Kwon, the founder of Terra Luna, has denied cashing out $2.7 billion before the Terra Luna crash in May. The accusations came from a Twitter thread by @FatManTerra. The Terra Luna critic accused Do Kwon of siphoning $80 million...
by Lindi Miti | Jun 10, 2022 | News, News & Events
Jamaican CBDC Legal Tender Jamaica becomes the first country to legalize a central bank digital currency (CBDC) as legal tender. The Bank of Jamaica (BoJ) legalized the Jam-Dex, short for Jamaica Digital Exchange. The Jam-Dex has been in testing since August 2021, and...
by Lindi Miti | Jun 9, 2022 | News, Weekly Recap
Edge Launches Confidential Mastercard Edge, a cryptocurrency wallet provider, has launched the first private bitcoin Mastercard. Registering for the Edge Mastercard does not require any personal information. It has a credit limit of $1000 a day, and you can fund the...
