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Day: May 21, 2022

Goodbye, American soft power: McDonald’s exiting Russia after 32 years is the end of an era

KEY POINTS In 1990, McDonald’s opened up its first restaurant in the Soviet Union, serving a record of 30,000 customers in a single opening day. The iconic American chain is leaving Russia and its 62,000 employees behind as hundreds of Western brands exit the country following its invasion of Ukraine. For a generation of Russians, …

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Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says …

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Shopify Expands Crypto Payment Options With Crypto.com Pact

Shopify merchants also have access to Jack Mallers’ Strike, Coinbase Commerce and BitPay. Merchants using e-commerce platform Shopify (SHOP) now have access to Crypto.com as another way for accepting cryptocurrency payments. Sellers using the Crypto.com Pay feature can allow customers to settle their accounts with over 20 tokens, according to a statement. Strike, the payments network headed by Jack Mallers, announced …

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Blockchain, crypto set to take sports industry beyond NFT collectibles

Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.” Bitcoin (BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering an immutable and truly decentralized ledger over the past 13 years. Adding …

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BILL GATES DOESN’T INVEST IN BITCOIN, SAYS IT DOES NOT ADD TO SOCIETY

In a recent AMA on Reddit, Bill Gates explained he does not invest in bitcoin or other cryptocurrencies because they do not add to society. Bill Gates recently hosted an AMA on Reddit where he discussed why he does not invest in bitcoin or other cryptocurrencies. Gates explained that bitcoin provides no valuable output and …

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Bahamas’ Sand Dollar CBDC Begins Facial-Recognition Rollout to Authorize Mobile Payments

Sand Dollar CBDC has continued to advance its usage and started addressing the issue of user authentication. SunCash, a financial institution authorized to provide Sand Dollars in the Bahamas, announced on Thursday that it has partnered with PopID Inc software company to allow holders of the Bahamian Sand Dollar to use PopID’s PopPay platform to …

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