Celeb Waqar Zaka Calls His New Crypto Idea a Solution to Pakistan’s Debt Dilemma
Pakistani television show host, social media star and a self-proclaimed crypto king, Waqar Zaka, has announced that he plans to use skills acquired as an engineering graduate to launch ‘Tehreek-i-Tech’- the country’s first own cryptocurrency project. Zaka plans to see these ambitious plans come to fruition with support from his old alma mater the National University […]
New York Start-Up Raises $14.1 Million for Blockchain-Based Settlements in Retail Market
In a press release dated 11 April, New York-based Blockchain start-up Flexa has announced that it has raised USD 14.1M to develop a payments network for retailers. Flexa has raised this amount in a private token sale which involves 1kx, investment firms Nima Capital and Access Ventures. Hedge fund Pantera Capital was also a part of […]
Research: Blockchain in Finance Still Problematic For Operability, Integration with Enterprise Systems
New research from China points to several problems blockchain still faces in the finance sector, including data privacy compatibility, operability, and its integration within enterprise systems. The conductor of this research, Wei Kai is head of blockchain research at the China Academy of Information and Communications Technology (CAICT). Wei shared his most recent findings at a […]
Tim Draper Insists Bitcoin Will Hit $250,000
Crypto billionaire and venture capitalist Tim Draper has refused to back down from his past prediction that Bitcoin would one day achieve a value of USD 250,000. During a Youtube interview with crypto influencer @cryptoWendyO, he did, however, extend his prediction’s deadline by a year, from his initial date of 2022 to 2023. Speculators may […]
IMF, World Bank Launch Private Quasi-Crypto ”Learning Coin”
A joint private blockchain project from the International Monetary Fund (IMF) and the World Bank is being launched to help educate institutions and gain a better understanding of both blockchain and cryptocurrencies. A quasi-cryptocurrency dubbed ”Learning Coin” will also be used during the project, although it is stressed that the token will have zero monetary value […]
US Congress to IRS: Ambiguous Tax Treatment, a Serious Problem to Taxpayers
The US Internal Revenue Service (IRS) commissioner Charles Rettig received a request from members of the Congress on the blockchain committee chaired by Congressman Tom Emmer; to provide clarity about filing crypto-related taxes before tax day. A bipartisan letter drafted by Congressman Emmer along with 20 others in the committee expressed their concerns in the […]
Two Men Charged as Dubious OneCoin Hits Singapore
OneCoin, a cryptocurrency listed as fraudulent in the US, has become the subject of a court case in Singapore with two men currently held under arrest for promoting a multi-level marketing scheme. The men currently being held are facing charges for incorporating a company called One Concept Pte Ltd in violation of Singapore’s Multi-Level Marketing […]
IMF Online Pollsters Call Crypto Most Popular Payment by 2024
A poll running on the IMF website asking the question asking “How do you think you will be paying for lunch in 5 years?” now has almost 26,000 responses. The response is clear, hedging towards crypto with 56% of respondents going for the flagship crypto with only 9% and 7% respectively suggesting payments in 2024 […]
Harvard University Backs $50 Million Digital Token Offering
Harvard University’s endowment fund has invested in cryptocurrency company Blockstack Inc continuing the trend of educational establishments’ interest in the burgeoning digital payment industry. Harvard joins a small group of institutional investors that have jumped into crypto assets. Two pension plans in Virginia invested in a venture-capital fund for the blockchain and digital-assets Along with […]
