digital currencies
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Tech Visionaries Bieber, Paltrow, and Hilton Dump $121 Million Into Crypto Exchange MoonPay
MoonPay, a tool for buying cryptocurrency and NFTs, announced on Tuesday that it has collected $US86.7 ($120) million in a new investment round. The list of investors includes more than sixty celebrities including Bruce Willis, Diplo, Eva Longoria, Justin Bieber, Gwyneth Paltrow, and Paris Hilton.
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EU Regulator Wants to Ban Proof of Work Crypto Mining to Avoid Climate Disaster
One of the European Union’s top regulators has a new proposal for reducing cryptocurrency’s carbon footprint: ban proof of work mining. The proposed prohibition, suggested by European Securities and Markets Authority Vice Chair Erik Thedéen during a Financial Times interview, would apply to EU nations and would come in tandem with a pivot to a less…
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Bitcoin’s Inequality Problem Is Putting the Dollar to Shame
Cryptocurrency enthusiasts have long espoused the decentralizing and democratizing effects the technology supposedly encourages, but new research detailed in The Wall Street Journal suggests its inequality problems are worse than the United States’ disgraceful performance under the dollar. An incredible feat considering income inequality in 2020 America was the highest of all G7 nations according…
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Sorry Crypto Stans, the Tweet About India Adopting Bitcoin as Legal Tender Is Fake
Early on Sunday, a tweet appeared on Indian Prime Minister Narendra Modi’s account announcing, out of the blue, that the country had adopted bitcoin as legal tender and would be distributing 500 coins, or $US24 ($33) million at current market prices, to citizens. Sorry to rain on your parade cryptocurrency stans, but the post was…