Central African Republic Debuts ‘Sango Coin,’ To Tokenize Its Mineral Wealth

Central African Republic Debuts ‘Sango Coin,’ To Tokenize Its Mineral Wealth

July 6, 2022 0

KEY POINTS CAR welcomed its own national cryptocurrency called Sango Coin The crypto is backed by Bitcoin, said CAR finance minister The country also plans to tokenize its minerals including copper and diamond The President of the Central African Republic (CAR) introduced Sango Coin as the country’s official national cryptocurrency via a virtual event called the “Sango […]

CFTC commissioner advices people to view new crypto tokens as lottery tickets

CFTC commissioner advices people to view new crypto tokens as lottery tickets

May 29, 2022 0

In the wake of the Terra coins collapse, Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham has called on investors to consider crypto tokens as a lottery ticket where they can expect profits or losses. Speaking during an interview with CNBC on May 27, Pham stressed that most crypto projects lack customer disclosures, and investors […]

Billionaire Says Huge Tattoo of B Crypto Failure Is Reminder of ‘Humility’

Billionaire Says Huge Tattoo of $40B Crypto Failure Is Reminder of ‘Humility’

May 19, 2022 0

Mike Novogratz’s investment fund was an early supporter of UST/Luna, which imploded last week. Some investors wear their failures like a badge of honor, but for crypto billionaire VC Mike Novogratz, it’s more like a tattoo—literally. On Wednesday, crypto-focused venture capital firm Galaxy Digital posted a letter from CEO Novogratz discussing its investment in the […]

Is it ‘game over’? Top crypto plunges 97% overnight in stablecoin rout

Is it ‘game over’? Top crypto plunges 97% overnight in stablecoin rout

May 11, 2022 0

With no government backing, digital assets depend on their users’ confidence for much of their value. Stablecoin UST plunges to 30 US cents from intended US$1 peg LUNA, intended to keep UST stable, loses 97% of its value in hours Analysts are forecasting more pain ahead for Terra’s two cryptos Crypto investors woke today to […]