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Crypto will generate more wealth than the internet, says Morgan Creek Capital CEO

By laying the foundations of the internet of value, cryptocurrency and blockchain will generate more wealth than Web 1 and Web 2, said CEO of Morgan Creek Capital, Mark Yusko, in an exclusive interview with Cointelegraph. “We haven't even gotten to the parabolic growth part of Web 3, which is going

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Abkhazia Extends Internet Restrictions for Cryptocurrency Miners – Mining Bitcoin News

The government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian

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Magic Internet Money races past $1B, sets sights on MakerDao

Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that operates on Ethereum, Binance Smart Chain (BSC), Fantom, Avalanche, and Arbitrum. Along with MIM, the project

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San Jose, ‘Capital of Silicon Valley,’ Wants to Provide Internet to Low-Income Households Using Helium Mining

The California city of San Jose, sometimes called the “Capital of Silicon Valley,” plans to fund internet access for low-income families through HNT tokens mined on the Helium network, according to a city press release published on Thursday.The pilot aims to give 1,300 participating households a one-time payment of $120

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Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible

Upon its launch, Internet Computer took the crypto market by storm. It’s an ambitious project, supported by some major names in the industry. Designed and created by the DFINITY Foundation, it aims to give more power to the people over the Internet, and it could potentially take it into a

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SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets.Speaking to the Parliament’s Committee on Economic and Monetary Affairs on Sept. 1, Gensler highlighted the role financial technologies are playing

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Korean Internet Firm Kakao Eyes Blockchain Expansion To Singapore

Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. Krust is a worldwide accelerator for the adoption of blockchain. On the

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Korean internet giant Kakao expands blockchain presence to Singapore

Singapore is reportedly the next port of call for Kakao’s globalization agenda for its legacy blockchain platform Klatyn.According to a report by The Korea Herald on Monday, Kakao has established two new blockchain-based entities — the Klatyn Foundation and Krust — in the city-state. The Klatyn Foundation is a non-profit

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