Posts

Showing posts with the label usa

Cryptocurrency ownership reaches 49 million in the U.S.

Top 10 countries like the UAE, Vietnam, and Saudi Arabia showcase mainstream cryptocurrency adoption. The U.S. boasts 49 million active cryptocurrency owners. With a 10.30% ownership rate, Ukraine emerges as a crypto hub. In a world brimming with a myriad of cryptocurrencies, each vying for attention and market dominance, the global landscape of digital assets is undergoing transformation. Amidst this sea of possibilities, certain countries stand out as key players in the cryptocurrency revolution. According to CoinJournal.net, the U.S., with a 14.36% ownership rate, boasts nearly 49 million active participants in the cryptocurrency market. Here are the top 10 countries where owning cryptocurrency has become a mainstream phenomenon: United Arab Emirates With a population of 9.5 million, the United Arab Emirates tops the list with an impressive ownership percentage of 27.67%. Over 2.6 million residents of the UAE have enthusiastically joined the crypto rev...

A Supreme Court case could kill Facebook and other socials — allowing blockchain to replace them

If the Supreme Court decides to strike down Section 230, it's going to become considerably more difficult for centralized social media companies to operate. The internet — arguably the greatest invention in human history — has gone awry. We can all feel it. It is harder than ever to tell if we are engaging with friends or foes (or bots), we know we are being constantly surveilled in the name of better ad conversion, and we live in constant fear of clicking something and being defrauded. The failures of the internet largely stem from the inability of large tech monopolies — particularly Google and Facebook — to verify and protect our identities. Why don’t they? The answer is that they have no incentive to do so. In fact, the status quo suits them, thanks to Section 230 of the Communications Decency Act, passed by the United States Congress in 1996. Related: Nodes are going to dethrone tech giants — from Apple to Google But things may be about to change. This term, the Supreme Court...

FTX resumes employee and contractor payments after weeks in limbo

The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda's Caroline Ellison. Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world. The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help FTX and its approximated 101 affiliated companies (FTX Debtors) navigate their way through the U.S. Bankruptcy Court in Delaware. "With the Court's approval of our First Day motions and the work being done on global cash management, I am pleased that the FTX group is resuming ordinary course cash payments of salaries and benefits to our remaining employees around the world.” “ FTX also is making cash payments to selected non-U.S. vendors and service providers where necessary to preserve Business operations, subject to the limits approved by the Bankruptcy Court,...