Four crypto veterans pledge to give at least 1% of their wealth to charity each year

Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity drive.  The “Crypto Giving Pledge” encourages cryptocurrency investors and businesses to donate at least 1% of their holdings to charities each year. The initiative is part of The Giving Block’s mandate of increasing charitable giving and enabling more nonprofits to accept cryptocurrency donations. The Giving Block assembled Founders Circle to promote the initiative and has invited many industry leaders to join. Over the past week, Founders Circle has welcomed four new members,…

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J. R. Willett launched the first ICO… but still has a day job – Cointelegraph Magazine

ICOs? He held the first one. Stablecoins? He dreamed of them by accident. Vitalik Buterin tried to get him on board to help launch Ethereum, but he was too busy. He is J. R. Willett, one of the most fascinating men in the industry. Back in 2012, Willett, now 41, felt he could improve Bitcoin by making it possible for anyone to create interoperable tokens backed by the protocol. He released a white paper that described the new model and invented a way to fund the project with a token…

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Ifunanyachi Achara Taking Bitcoin Salary

Yet another professional athlete has come out publicly in support of Bitcoin, and has joined the “Pay Me In Bitcoin” movement. Toronto FC forward Ifunanyachi Achara had already been buying bitcoin via Binance himself, but in February he finally made the jump to converting about half his salary to bitcoin via Bitwage, according to CoinDesk. “Learn #Bitcoin,” reads Achara’s Twitter bio, a sign that he really understands what Bitcoin has to offer. He knows that Bitcoin can help protect himself, but also his family back in Nigeria. “The rate of…

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Accenture and Digital Dollar Foundation to trial United States CBDC this year

Fortune 500 company Accenture has teamed up with Digital Dollar Foundation to conduct Central Bank Digital Currency, or CBDC, trials in the United States. Announced on Monday, May 3, the newly formed Digital Dollar Project will carry out five CBDC pilot programs over the next 12 months. The project’s objective is to generate data to inform U.S. policymakers on how to develop a domestic digital currency. The Digital Dollar Project will launch three pilot programs in the next two months, generating data on the functional, sociological, and business benefits of…

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Range-bound Bitcoin price opens the door for altcoins to move higher

Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin  (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level.  Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the price of Ether has rallied 54% to a new record high at $3,324 on May 3 as Monday’s 12% spike lifted…

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Coinbase frenzy, DOGE dazzles, Bitcoin breaks records, Jim Cramer sells

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Coinbase gets off to a rocky start as it lists on the Nasdaq It was billed as a “watershed” milestone for cryptocurrency — the industry’s “Netscape moment.” This week, Coinbase made its stock market debut. There was no shortage of excitement in the run-up to…

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Need To Know Taproot Signaling

Mining Pools Signalling For Taproot The latest Bitcoin network difficulty adjustment was the most significant one in quite some time. Besides being a -12.6% downward adjustment — unprecedented during a bull market, and one of the largest downward adjustments in Bitcoin’s history — it also marked the beginning of the signalling period for Taproot activation. A few hours after the adjustment, Slush Pool mined block 681,458 with the version bits 0x2f900004 — the first block signaling support for Taproot. What followed was a wave of support from throughout the Bitcoin…

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Ethereum co-founder Vitalik Buterin becomes billionaire as Ether hits $3K

Vitalik Buterin, a co-founder of the world’s most popular smart contract platform, the Ethereum blockchain, has officially become a crypto billionaire. Buterin’s public Ether address, which he described as his main wallet back in 2018, has hit $1 billion on its balance following Ether’s meteoric rise above a $3,000 price mark on Monday. At the time of writing, the address holds around 333,500 Ether (ETH) now worth $1.029 billion, according to on-chain data from Etherscan, as ETH more than quadrupled in value from around $700 at the beginning of 2021. At…

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A Look at the Curious Relationship Between Peter and Spencer Schiff – Featured Bitcoin News

For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different thorn on his side. In recent days, Schiff’s nemesis on Twitter is his own son Spencer Schiff, a young entrepreneur who is “interested in finance, Austrian economics, libertarianism, [and] anarcho-capitalism.” Gold Bug vs. Bitcoin Bug During the last year, Bitcoin.com News…

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Ethereum hits $3,000 for the first time, now larger than Bank of America

Ethereum’s ETH token has eclipsed the psychologically significant $3,000 per token mark today, rising as high as $3,003 on Binance at the time of publication. ETH price reached the milestone on several major exchanges, including Bybit, Coinbase and BitMEX.  The surge has helped Ethereum overtake institutions such as The Walt Disney Company and Bank of America in terms of total market cap. The world’s largest smart contract-enabled layer-one has grown 24% on the week to $346.72 billion, per tracking website Infinite Marketcap. By comparison, Bitcoin is presently sitting at a…

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