Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.
Author: James Wilson
Czech central bank official skeptical on Bitcoin reserves amid legal, volatility concerns
Bitcoin’s place in the Czech central bank’s reserves remains uncertain as a senior official flagged legal and volatility concerns. A debate over Bitcoin’s (BTC) place in Czech central bank reserves still lingers with board member Jan Kubicek voicing skepticism citing legal uncertainties and price swings. This comes even as the bank explores new asset classes, such as Bitcoin, as reported earlier this year by the FT. Jan Kubicek, a board member of the Czech National Bank, said on March 18 that while the bank is analyzing new asset classes he remains “rather sceptical about Bitcoin.” The central banker warned Reuters…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world is running out of time—yes, you heard it all before, but here we go again. Somehow, decades of government pledges, corporate ESG initiatives, and international agreements have led to frustratingly little progress in making our cities cleaner, our air less polluted, or our infrastructure more resilient. The United Nations’ Sustainable Development Goals were meant to charter the path forward, but as the clock ticks towards the deadline of 2030, only 17% of SDG targets are…
Polygon co-founder, Sandeep Nailwail’s donation fund, Blockchain For Impact, has surpassed $90 million in funding for healthcare innovation. BFI also pledged another $200 million for future initiatives. According to a press release sent to crypto.news, Blockchain For Impact has allocated more than $90 million in funding for innovations in the healthcare sector, biomedical research as well as climate resistance. Not only that, the organization has also pledged an additional $200 million for future initiatives. At the moment, BFI is prioritizing funding for healthcare startups, biomedical research and other efforts that strive to strengthen the public health system through blockchain philanthropy.…
ARK Invest CEO Cathie Wood predicts that memecoins will wind up becoming ‘worthless.’ However she believes some coins like TRUMP will ‘withstand’ the test of time. In an interview with Bloomberg television, Wood revealed that she does not use her private funds to invest in these coins. This is because she believes that most of the viral coins floating around in the market, millions of them spawning from internet memes and AI chatbots, “are not going to be worth very much” in the future. Instead of placing her confidence in memecoins, the ARK Invest founder expressed her confidence in the…
Ethereum developers are discontinuing support for the Holesky testnet in September due to mass exit of validators, following disruptions during the Pectra upgrade testing. According to the recent announcement on Ethereum Foundation blog, developer support for the Ethereum’ (ETH) Holesky testnet will be discontinued this September. Until then, developers will be able to test deposits, consolidations, and other Pectra features on Holesky. However, developers are advised not to use Holesky to test validator exits because the exit queue is too long, which slows down the testing process. Instead, exit validator testing is to be done on the new Hoodi testsnet,…
HIVE Digital completes acquisition of Paraguay’s Yguazú site, seeks 317% mining boost
HIVE Digital has acquired Bitfarms’ 200 MW hydro-powered facility in Paraguay, expanding its mining capacity by 317%. Bitcoin (BTC) miner HIVE Digital Technologies has acquired Bitfarms‘ 200-megawatt hydro-powered facility in Yguazú, Paraguay, for $56 million, a move that could significantly expand its mining capacity. With this expansion, HIVE’s total mining infrastructure in Paraguay reaches 300 MW, including its 100 MW project in Valenzuela set for activation by mid-2025, the company revealed in a Tuesday press release. The company estimates its global operational capacity will grow to 430 MW across Paraguay, Canada, and Sweden by Q3. HIVE’s executive chairman Frank Holmes…
On Mar. 17, 2025, the Bank of Korea made the first comment about the possibility of adding Bitcoin to its reserves. According to the statement, the central bank of the Republic of Korea is not interested in acquiring Bitcoin, and it has never been. Why is South Korea not interested in a Bitcoin reserve? Earlier this March, South Korea’s Democratic Party was urged to request the Bank of Korea to explore the potential of adding Bitcoin to its reserves following the move made by the U.S. government. The response from the Bank of Korea was negative. The main reason for…
Crypto options exchange Deribit has issued a scam alert, cautioning against fake recruiters using LinkedIn to target job seekers. Cryptocurrency exchange Deribit has raised concerns about a growing scam in which fraudsters impersonate recruiters to deceive job seekers, particularly targeting developers and senior professionals in the crypto industry. In an X post on March 19, Deribit’s chief information security officer Anthony Sweeney revealed that the company has seen “a surge in scammers posing as recruiters claiming to work for Deribit.” He noted that such fraud tactics often appear in crypto first before spreading elsewhere. https://twitter.com/DeribitOfficial/status/1902249538993197441? According to Deribit, scammers create…
Tron-based memecoins were enjoying their time in the green on March 19, with their total market cap rising nearly 20% over the past day. According to data from CoinGecko, Sundog (SUNDOG), the largest memecoin on the Tron blockchain, rallied 10.3% over the last 24 hours, with its market cap seated at over $61 million. Other large meme coins, TBULL, BULL, and SUNCAT, recorded gains of 55%, 43%, and 32.5,% respectively. Top Tron meme coins see double-digit gains over the past day | Source: CoinGecko Meanwhile, low-cap memecoins such as SUNWUKONG, FOFAR, Dragon Sun (DRGN), and Banana (N) recorded even higher…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP’s rise draws eyes to Lightchain AI, a new DeFi token gaining momentum with its AI-driven blockchain solutions. Ripple’s (XRP) steady growth continues to attract investor attention, but another DeFi token priced at $0.007 is emerging as a strong contender for massive gains. Lightchain AI has already raised over $17.9 million in its presale, signaling strong demand for its AI-driven blockchain solutions. As XRP maintains momentum, Lightchain AI’s smart approach positions it to follow a similar trajectory. Meanwhile, Pepe…