Events

Nigerian hotel becomes country’s first to accept Bitcoin payments

George Residence in Lagos has announced plans to start accepting BTC payments. The company has already converted 50% of its balance sheet to Bitcoin. A luxury hotel in Lagos, Nigeria will reportedly accept Bitcoin (BTC) as a form of payment and adopt the digital asset as its primary reserve currency as concerns about inflation continue to grip Africa’s largest economy. George Residence confirmed its intent to begin accepting Bitcoin this weekend, according to 1st News, a Nigerian news publication. George Residence, which offers luxury hotel and premium apartment suites, will accept BTC through Coinvest Africa, a regional cryptocurrency brokerage. “We have allocated…

Digital euro, Ensuring privacy citizens and markets demand

The results of the public consultation on the planned “digital euro” were announced by the European Central Bank, which show that citizens and professionals prioritize the secrecy of transactions. The ECB will take into account the results of the consultation in its decision in mid-2021 on the formal launch of the initiative leading to the new digital currency. China recently unveiled the digital version of the yuan, and plans to introduce digital currencies are being considered in Sweden and Japan. Unlike cryptocurrencies such as bitcoin, which are not controlled by banks or other central institutions, the digital euro will be…

Cryptocurrencies also invade sports – What is happening in Greece

Millions of dollars in US dollars in Bitcoin for NBA and NFL, sponsorships in major European football leagues, FIFA-UEFA plans and the παράδειγμα Greek example of the Ionian Hellenic Coin basketball team Cryptocurrencies are gaining ground in the “industry” of sports. This happens in various ways and Greece is no exception to this trend. Why may the football and basketball clubs of the country not have dared e.g. to make – or even offer – salary payments to players and their coaches with Bitcoin, such as the Sacramento Kings in the NBA, but for a few months now there is…

Southampton, the first club in the world that will receive a sponsorship in Bitcoin

Southampton, according to the English newspaper “The Telegraph”, will become the first club in the world to be paid in Bitcoin cryptocurrency by its … main sponsor, Sportsbet.io of Coingaming Group. Celebrating the three-year renewal of their partnership with Sportsbet.io, as the most important in the history of the club, the “saints” announced that the agreement “includes the option of paying some bonuses in Bitcoin at the end of each season, which guarantees the club the opportunity to take advantage of the new currency “. “Sportsbet.io has built a successful business, making sense in the market, but in a responsible…

2021 will be an important year for the issuance of the digital dollar

Fed Chairman J. Powell, speaking at a Senate committee hearing, pledged to involve the public in a digital currency debate, and said he would need congressional approval to move the bill forward. The assurance that a broad public debate will take place on the issuance of the digital dollar by the US Federal Reserve was given by the head of the Federal Reserve Jerome Powell, during the second day of his congressional hearing on Wednesday, February 24, 2021. The reservations Whenever an elected official in Congress asks US Federal Reserve Chairman Jerome Powell about the issue of the digital dollar,…

One of the world’s top banks issues bonds that can be bought with Bitcoin

One of the world’s top banks issues bonds that can be bought with Bitcoin

China Construction Bank has partnered with a Labuan-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution. One of the “Big Four” banks in the People’s Republic of China, CCB is ranked the second-largest bank worldwide by total assets as of fall 2020. The megabank’s plan with the new blockchain-based debt issuance is to raise up to $3 billion in total, starting with a tranche of $58 million, from individuals and institutions. The digital bonds will be issued through an offshore branch of CCB in Labuan, Malaysia, at a minimum of as little as $100 each, and will have…

Tesla gets progressive with Bitcoin ATMs at factories, claims report

Tesla gets progressive with Bitcoin ATMs at factories, claims report

Note: In a recent post on Twitter, CEO Elon Musk has noted that he does not believe the report of Bitcoin ATMs in Tesla’s factories is accurate. Tesla, being as forward-thinking as ever, now has Bitcoin ATMs at the Fremont Factory and Gigafactory Nevada. One of the Bitcoin ATMs was originally spotted by Twitter user Will Reeves. LibertyX, the company responsible for the Bitcoin ATMs, reached out to Finbold and confirmed Reeves’ sighting in an official statement. “The Tesla locations have been live since August. The ATM is currently only accessible for employees,” LibertyX told Finbold.  The Bitcoin ATM company also stated that it…

Data encryption a threat to fighting child sexual abuse, says DOJ

Data encryption a threat to fighting child sexual abuse, says DOJ

The U.S. Department of Justice has released an international statement claiming that end-to-end encryption “poses significant challenges to public safety,” including sexually exploited children. In an Oct. 11 statement from the DoJ, the agency called on technology companies to work with the government to find a solution for strong data encryption with the means to allow the investigation of illegal activity and content. The department stated end-to-end encryption that hindered law enforcement from accessing certain content creates “severe risks to public safety.” The statement was signed by the DoJ, the Home Department of the United Kingdom, the Australian Minister for Home Affairs,…

Naming and cryptos

Naming and cryptos

Naming sponsors have been established in Greek basketball in recent years, in contrast to what happens in football where there are simply no corresponding agreements for the PAE. With sponsorships that offer valuable financial “breath” to the teams and “support” their budgets, in a difficult time for their income in the midst of a pandemic and the consolation is that the companies interested in promoting themselves through the Greek (basketball) market multiply. Several OEMs make deals – in the model of the Italians, “fashion” that began in previous decades – and in this year’s Basket League 6 championship – from…

ARE CRYPTO AND BLOCKCHAIN KEY TO A TECH RENAISSANCE

ARE CRYPTO AND BLOCKCHAIN KEY TO A TECH RENAISSANCE?

A former director of the US Mint thinks that the market will gravitate toward these solutions A panel discussion at COSM explored the future of crypto currencies like Bitcoin and blockchain technologies in general. What might they mean for global money, global security, and internet architecture? The panel, moderated by Wired contributing editor Spencer Reiss, comprised futurist George Gilder, Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, Ed Moy, former Director of the U.S. Mint, and William Dembski, mathematician, entrepreneur, and philosopher: Can Crypto and Blockchain Reverse the Tech Decline (and Enable an Internet Renaissance)?   Here are some snatches from the dialogue (aired September 11, 2020): George Gilder (on what’s wrong with…