As China is continuing to crack down on Bitcoin and cryptocurrency mining and trading, more provinces in the country are implementing the decision. However, in an attempt to stop such environmentally unfriendly and high-energy-consuming activities, the prices of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) are negatively being affected.
Since the outbreak of the coronavirus in its central city of Wuhan, China became a target of blame by the world. While Beijing hosts the 2022 Winter Olympic Games next February, it is doubted that many will visit the Asian country. This puts the plan to present the digital yuan to the world at stake.
The nascent blockchain and cryptocurrency technologies offer great potential and various use cases. For this reason, they are being closely looked at, especially amidst lockdowns and general digitization. Thus, since 2021 began, two cities in the United States announced plans to employ innovations to the benefit of their citizens.
Akon is continuing to expand the planning of his futuristic cities across the African continent. Now, Akon wants to expand the project to Uganda, the Pearl of Africa. But how real are these plans for the African population?
The Akon City project by Senegalese-American rapper, Akon has been a topic of debate since it was first announced in 2018 in Senegal and most recently on April 5, in Uganda. While the futuristic-cryptocurrency themed city’s architecture portrays a city “too beautiful” to live in Senegal, the Senegalese could be happier with something else.
English premier league football giant Manchester city joins a list of other soccer clubs such as Barcelona FC and PSG who are already using their own digital tokens. The club recently announced the launch of its own $CITY Fan Token. In this way, fan tokens seem to invade football.
The City of Seoul, South Korea has instituted a "Youth Allowance" for unemployed young people and all those youths that were affected by the COVID-19 pandemic, and the process has been simplified through a blockchain-based system.