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Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry.
дальше »2020-8-30 23:47 | |
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Russia: Banking Giant Sberbank Taps Blockchain to Tokenize Travel Agent Payments
Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology (DLT). дальше »
2020-8-29 21:00 | |
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Use of Bitcoin and Other Cryptos Remain Dominant in Venezuela as the Bolivar is Deemed Worthless
Venezuela is in economic turmoil, and as monetary inflation proliferates, the Bolivar is becoming increasingly worthless. As a result of all these challenges that the Latin American country is faced with; its citizens have turned to cryptocurrencies to save the day. дальше »
2020-8-28 19:54 | |
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Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). дальше »
2020-8-28 10:00 | |
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South Korean Police Seize Coinbit Crypto Exchange Over $84 Million Wash Trading Allegations
Police in South Korea has seized Coinbit, the third-largest cryptocurrency exchange in the country, over allegations of wash trading activity, amounting to over 100 billion WON ($84 million) in faked income. дальше »
2020-8-28 01:31 | |
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Japan: Instant Messaging Giant LINE Launches Crypto Wallet and Blockchain Services
A Japanese tech player will provide crypto services to its millions of users in the coming weeks, according to a report by Coindesk. Bringing Blockchain to Millions Messaging giant LINE, a Japanese mega-firm with millions of users and the country’s equivalent of WhatsApp has unveiled a new crypto wallet for its users to allow themRead MoreRead More. дальше »
2020-8-27 17:00 | |
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Russia tests blockchain voting as the September elections approach
Russia has had a lot of interactions with crypto and blockchain industries in the last few years. Less than a year ago, the reports revealed that the country plans to use blockchain for selling diamonds. дальше »
2020-8-28 13:22 | |
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Largest Swiss online retailer to accept crypto payments
Switzerland has been one of the European crypto hubs for a few years now, and it seemingly continues to work on being even more inclusive of digital coins. Recently, the country’s largest online retailer, Digitec Galaxus, started conducting tests for crypto transactions revolving around a bank-issued stablecoin. дальше »
2020-8-28 13:15 | |
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Russia Tests Blockchain-Based Remote Voting for September Elections
A Russian telecommunications company has tested an electronic remote voting system with blockchain technology that voters will be able to use in the country’s September elections. With COVID-19 keeping people at home, mobile voting seems more important than ever. дальше »
2020-8-27 11:20 | |
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Police Raid Major Korean Crypto Exchange
South Korean police raided the offices of Coinbit, one of the country’s major crypto exchanges. Insiders leaked that the exchange manipulated 99% of its trade volume and police also accused the management of fraud. дальше »
2020-8-27 09:30 | |
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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. дальше »
2020-8-28 07:45 | |
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South Korean Exchange, Coinbit, Accused Of Wash Trading 99% Of Its Volume; Profited Close to $84 Million
One of Korea’s largest cryptocurrency exchange is under investigation after the Seoul Metropolitan Police found evidence of wash trading of over 99% of its volumes. According to local reports from Seoul Shinmun, the police have seized Coinbit exchange headquarters in Gangnam district and some property around the country as investigations continue. дальше »
2020-8-26 19:46 | |
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China Plans to Use Its Digital Yuan During 2022 Winter Olympic Games
Coinspeaker China Plans to Use Its Digital Yuan During 2022 Winter Olympic GamesAs China expands its pilot testing, the country plans to launch its digital yuan for use before the 2022 Winter Olympic Games. дальше »
2020-8-26 15:24 | |
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Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. дальше »
2020-8-26 08:30 | |
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UK Crypto Businesses Set to Come Under FCA Financial Crime Reporting Requirement
Crypto businesses in the UK are set to come under even greater scrutiny based on new plans by regulators in the country. The Financial Conduct Authority (FCA) continues to mandate strict compliance with financial laws for all cryptocurrency activities in the UK. дальше »
2020-8-26 23:00 | |
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Analysts Predict US Presidential Election Outcome Could Collapse Dollar, Boost Bitcoin and Gold
Analysts have predicted a bearish outlook for the U. S. dollar as the country’s 2020 presidential election approaches. One analyst says gold will correct with Donald Trump’s victory followed by the collapse of the U. дальше »
2020-8-26 19:15 | |
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China to use CBDC for 2022 Winter Olympic Games
Ever since China has announced its CBDC, the world has been keeping a close eye on the country’s updates regarding the coin. There is still no news regarding the exact launch date, however, China did reveal one thing, and that is that it plans to use its CBDC during the Winter Olympic Games in 2022. дальше »
2020-8-26 14:01 | |
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The Trials of China’s DCEP Focusing on Retail Transactions: Report
The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media. дальше »
2020-8-24 19:28 | |
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China’s DCEP Trials Restricted to Micro-Transactions, Says Central Bank
China’s central bank has denied rumors of its planned digital currency electronic payment (DCEP) system being used for large value transactions. The People’s Bank of China (PBoC), is currently coordinating central bank digital currency (CBDC) trials across several cities in the country. дальше »
2020-8-25 19:22 | |
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China’s nationwide blockchain to add support for stablecoins
China appears to be in the final phases of testing its CBDC, digital yuan. The country recently expanded the tests to new cities, and its central bank revealed that the coin is only used for small retail transactions at this time. дальше »
2020-8-25 14:43 | |
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Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. дальше »
2020-8-24 10:30 | |
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Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400). дальше »
2020-8-23 16:30 | |
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The Ban Is Not Enough: Russia Now Wants to Spy on Your Crypto Transactions
Russia is apparently marching steadily towards full control over cryptocurrency transactions. The country’s financial authorities are developing an artificial intelligence (AI) software that will partially remove anonymity from cryptocurrency transactions. дальше »
2020-8-24 15:22 | |
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Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
Nigeria’s weakening naira currency, as well as the shortage of U. S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential equipment from abroad. дальше »
2020-8-22 00:00 | |
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Bitcoin-critic China moved $50 billion in Tether fearing capital flight rules
Chinese citizens moved over $50 billion from the country using Tether to avoid upcoming capital flight rules, reported news outlet CNBC. The post Bitcoin-critic China moved $50 billion in Tether fearing capital flight rules appeared first on CryptoSlate. дальше »
2020-8-22 22:00 | |
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UK’s FCA awarded operational licenses to Archax and Gemini
UK-based digital security exchange, Archax, and Gemini, belonging to the Winklevoss twins, are now licensed to operate in the country which has been confirmed through the UK’s Financial Conduct Authority (FCA) website. дальше »
2020-8-21 15:45 | |
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Over $50 Billion in Tether (USDT) Moved From Chinese Borders in 2020
China-based Tether addresses accounted for over $50 billion in transfers outside the country’s borders this year, according to a report by on-chain analysis firm Chainalysis. Tether finds Takers Tether, the fourth-largest cryptocurrency by market cap, is a stablecoin said to be backed 1:1 with the USD. дальше »
2020-8-21 13:07 | |
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OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
Brian Brooks, the acting comptroller of currency at the U. S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. дальше »
2020-8-21 11:00 | |
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South Korea’s Crypto-Friendly Island Selects ICON for Coronavirus Tracing App
An influential South Korean project is partnering with the local government to develop a blockchain-based application for coronavirus tracing, according to a release Wednesday. ICON Partners with Jeju Islands ICON, a South Korean player in the blockchain and cryptocurrency space, announced that Jeju Island, the country’s most popular domestic tourist destination, will use its DecentralizedRead MoreRead More. дальше »
2020-8-20 17:00 | |
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Russian bank issues first crypto-backed loan via Waves (WAVES)
Russian regulators have been working hard recently to come up with adequate regulations for the crypto industry. However, their efforts have yet to be included in the nation’s law. Despite this, one of the country’s banks has decided to go ahead and issue the first-ever crypto-backed loan, despite the still on-going lack of regulatory clarity. дальше »
2020-8-19 13:13 | |
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Here’s Why Bitcoin’s Hash Rate Has Dropped Around 10% In the Past Day
Although Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some reports, around two-thirds of all mining machines are based in the country, concentrated in the river regions where electricity is cheap. дальше »
2020-8-19 06:00 | |
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Vietnamese Government Throws Weight Behind akaChain to Lead Country’s Digitization
The Vietnamese Ministry of Information and Communications is betting on enterprise-grade blockchain platform akaChain to spearhead its national program for digital transformation. akaChain to Lead Vietnam’s Digitization In a press release issued on August 17, Vietnam’s Ministry of Information and Communications announced the launch of akaChain, a scalable blockchain protocol developed by one of theRead MoreRead More. дальше »
2020-8-18 01:00 | |
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China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. дальше »
2020-8-17 19:30 | |
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China to Scale Digital Yuan Pilot to 28 Cities as it Solidifies Its Tokenomics Dominance
China’s digital yuan ‘DC/EP’ might soon be replacing the fiat renminbi in circulation following an announcement by the country’s ministry of commerce to scale the pilot in more cities. This PBoC backed digital currency has been in progress since 2014 but was only piloted recently, marking a significant milestone towards the adoption of CBDC’s. The […] дальше »
2020-8-17 17:06 | |
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Standard Chartered Bank completes Bangladesh’s first blockchain transaction
Standard Chartered Bank Bangladesh has completed the first-ever blockchain transaction in the country. A report unveiled this news on August 15, noting that the bank executed this deal after issuing a Letter of Credit (LC) for Viyellatex Ltd, a readymade garment exporting firm. дальше »
2020-8-18 16:15 | |
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В Беларуси снова зафиксировали сбой в работе интернета
В понедельник, 17 августа, в Беларуси вновь полностью не работал интернет. Проблема длилась в течение нескольких минут. Confirmed: Nation-scale internet disruption currently registered in #Belarus affecting almost all networks in the country; incident duration ~15 minutes, with signs of some ongoing impact 📉 📰 Background: https://t. дальше »
2020-8-18 12:25 | |
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Can Belarus Use Crypto to Bypass Sanctions? Experts Are Skeptical
Sanctions could be coming to Belarus. Can the crypto-friendly country beat it with Bitcoin or Ethereum?
дальше »2020-8-15 17:00 | |
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China CBDC Trials Coming to Beijing and 27 Other Cities
China’s accelerated central bank digital currency (CBDC) plans are set to reach another milestone with tests scheduled for Beijing and 27 cities in the country. These new digital currency electronic payment (DCEP) trials will join other public pilots already ongoing in cities like Shenzhen and Suzhou. дальше »
2020-8-15 17:34 | |
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China to Extend Testing of Digital Yuan to Beijing, Tianjin and Others Areas
Coinspeaker China to Extend Testing of Digital Yuan to Beijing, Tianjin and Others AreasChina is set to expand its digital yuan testing to Beijing, Tianjin, and other acclaimed prosperous provinces in the country. дальше »
2020-8-16 17:10 | |
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South Korea Is Slowly Shaping Its Future with Crypto Industry and Blockchain Technology
Coinspeaker South Korea Is Slowly Shaping Its Future with Crypto Industry and Blockchain TechnologyThough South Korea is not a leading country in the crypto world, now it is moving fast to adopt crypto and blockchain technology to solve most of social challenges. дальше »
2020-8-16 14:39 | |
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Venezuela Signs In New Taxation Agreement That Will ‘Accept’ Petro Crypto Payments
The Bolivian Council of Mayors signed the “National Tax Harmonization Agreement” on Aug. 12, paving the way to a new system to optimize taxation in the country. According to reports, the new laws will integrate the country’s sovereign crypto, Petro, as one of the tools in the new system. According to reports, of the 335 […] дальше »
2020-8-13 20:49 | |
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305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. дальше »
2020-8-13 18:15 | |
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Germany to Introduce Draft Law on Tokenized Blockchain Securities
Tokenized blockchain securities may soon be on the same legal footing as company stocks in Germany. In the latest pro-crypto move by the German government, the country’s Finance Ministry recently published a draft bill aimed at modernizing its securities law with the introduction of provisions catering to blockchain-based assets. дальше »
2020-8-13 14:30 | |
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Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first file an application for registration with […] The post Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus appeared first on Bitcoin News. дальше »
2020-8-12 05:00 | |
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