May 1, 2022

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about …

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HOW BITCOIN FIXES THE IMPACT OF ILLEGAL GOLD MINING IN THE AMAZON

HOW BITCOIN FIXES THE IMPACT OF ILLEGAL GOLD MINING IN THE AMAZON

Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon. Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. …

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Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals. Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its …

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Web3 Running App STEPN Launches NFT Sneakers with STEPN

Web3 Running App STEPN Launches NFT Sneakers with STEPN

Move-to-earn Web3 running app STEPN has partnered with ASICS to release a limited edition of “STEPN x ASICS NFT Sneaker” Mystery Box Collection. The NFT sneakers collection was launched exclusively on the Binance NFT Marketplace and hosted on the BNB Chain. The collection has been co-branded by STEPN and ASICS. Over 195,000 participants and subscribed …

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Elon Musk sold around .4 billion worth of Tesla shares this week as he moved to buy Twitter

Elon Musk sold around $8.4 billion worth of Tesla shares this week as he moved to buy Twitter

KEY POINTS Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission. The bulk of the CEO’s sales were made on Tuesday, the filings showed. Tesla shares fell 12% that day, but edged higher on Wednesday …

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Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro

Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro

Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into …

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