Municipal Crypto Spreading Around the World, From California to Dubai

Municipal Crypto Spreading Around the World, From California to Dubai

Everything you need to know about municipal cryptocurrencies and where in the world they are being implemented.
States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods while helping governments to fund projects. Campbell Harvey from Duke University told Cointelegraph that municipal cryptocurrencies could provide a…

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Neo 3.0 to Launch on New Blockchain Network, Users Will Need to Swap Tokens

Neo 3.0 to Launch on New Blockchain Network, Users Will Need to Swap Tokens

The new mainnet for Neo 3.0 is scheduled to launch in the middle of next year, and a testnet is set to go live in June. Neo 3.0 is going to be launched as a new blockchain network and users will need to swap their existing tokens for new ones, according to an official announcement shared with Cointelegraph on April 29.The Chinese platform’s co-founder and core developer Erik Zhang has said the new chain, which…

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NYT Reporter: Facebook Seeking $1 Bln in Venture Capital for Crypto Project

NYT Reporter: Facebook Seeking $1 Bln in Venture Capital for Crypto Project

Facebook is reportedly seeking venture capital to support its purported native token project. Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8.Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in…

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