COLOMBO, Sri Lanka (AP) — Sri Lanka has paid $500 million due on sovereign bonds from its badly depleted foreign reserves despite calls by experts to defer the payment and use the sum to import essential foods and medicine. The Indian ocean island nation is in its worst crisis in decades, with people facing shortages…

The cryptocurrency and blockchain industry experienced explosive growth in 2021, particularly in its decentralized finance (DeFi) and nonfungible token (NFT) sectors. The year was also marked by continued price volatility, baffling behavior from China, a grand experiment in Central America, escalating institutional interest, and the rise of some faster smart-contract networks — all of which…

THE top executive overseeing Facebook’s efforts to get into cryptocurrency and international money transfers quits today, further complicating the company’s efforts to gain a foothold in the fast-growing world of digital currencies and blockchain technology. David Marcus’s high-profile departure comes just months after the company began hitting walls in Washington when it relaunched its initiative…

After seven years of funding their Gemini cryptocurrency empire out of pocket, Tyler and Cameron Winklevoss are in the process of signing the last documents on their first round of capital, a $400 million investment that values the New York parent company, Gemini Space Station, LLC, at $7.1 billion.If the epic competition between the twins…

The following is an excerpt from the daily CryptoCodex email newsletter.Sign up now for free here Going nowhere fast 🏃💨 For all the excitement around bitcoin exchange-traded funds (ETFs), the cryptocurrency market has failed to make much headway since the launch of the first bitcoin futures ETF last week.The bitcoin price, after soaring in the…

Facebook is launching a small pilot of its cryptocurrency wallet named Novi .A limited number of people in the U.S.and Guatemala can sign up to Novi and start using it. Instead of issuing its own stablecoin (Diem) on its own blockchain (the Diem network), the company is partnering with Paxos and Coinbase to let users…

Blockchain TikTok Becomes a Player in the NFT Game With TikTok Top Moments A series of weekly drops will start Oct.6 with Lil Nas X and creator Rudy Willingham The one-of-one NFTs will be made available on EthereumTikTok By David Cohen13 mins ago TikTok is hopping on the non-fungible token train with its debut of…

The Freedom Phone is a new “free speech and privacy first” handset unveiled in July that’s raising red flags with journalists and security experts, who say it’s just a rebranded budget Chinese Android phone.The 22 year-old self-proclaimed ” Bitcoin millionaire ” Erik Finman in an interview with The New York Times described smartphones as “the…