China is a world leader in developing a national digital currency. It is a project that has been worked on internally since 2014. The People’s Bank of China (PBOC) is spearheading work on the digital yuan, the so-called central bank digital currency (CBDC), which aims to replace some of the cash in circulation. Will CBDCs become a major trend in global finance this decade?
Over the years, interest in cryptocurrencies such as Bitcoin and Ethereum has multiplied. Cryptocurrencies have gained immense popularity because of their decentralised and unregulated nature, with some seeing their growth as a possible threat to the…
Russia plans to create more strict control policies against crypto related transactions and crypto to fiat conversion operations.
According to local news reports, a Russian financial monitoring service will be tracking Bitcoin-to-fiat transactions.
The Federal Financial Monitoring Service of the Russian Federation will introduce additional control over transactions made with money derived from the conversion of cryptocurrencies, said the deputy head of the agency, German Neglyad. Authorities will be able to obtain detailed information on the withdrawal of funds from Bitcoin to fiat currencies.
“Banks have already started to pay attention to cryptosphere-related exchange transactions. When they see that a…
Bitcoin forks have been around for a few years now. What were some important events in the history of these cryptocurrencies in the past year?
The most important events in the life of Bitcoin forks lately.
In the cryptocurrency world, forks have long been called all cryptocurrencies except Bitcoin. Their creators usually took Bitcoin’s source code and made not very significant changes to it. Later, in 2013–2014, cryptocurrencies with the original code base written from scratch began to appear. Therefore, new cryptocurrencies began to be more commonly referred to as altcoins. …
Police in the Malaysian state of Jahor have detained several suspects for theft of electricity for Bitcoin mining.
Malaysian police have seized 1746 Bitcoin mining rigs across 21 premises in raids this week.
Earlier this week, authorities in Johor, Malaysia, arrested seven men for stealing millions of dollars worth of electricity for bitcoin mining.
An operation involving local electricity company Tenaga Nasional Berhad (TNB) and Johor police led to the arrest of the suspects, aged between 24 and 64, according to a Malay Mail report on Wednesday.
The investigation revealed that the gang had stolen 8.6 million Malaysian ringgit ($2.13…
For PayPal, as for other fintech companies, the COVID-19 quarantine proved to be a time of upheaval. And the rapid rise in popularity of cryptocurrency trading has caused PayPal to turn its attention to digital assets as well.
The big payment operators are turning towards cryptocurrencies, but they are doing so too slowly, without noticing that participants in the cryptosphere itself are already actively integrating their capabilities.
In the past few months, payment giants Visa, Mastercard and PayPal have dramatically changed their attitude towards cryptocurrencies and blockchain technology, announcing their intention to integrate cryptopayments into their systems. This is about…
Faced with public outcry over chronic power cuts and rising pollution, Iranian officials have targeted energy-intensive cryptocurrency mining farms.
Cryptocurrency miners in Iran say they are being scapegoated for power outages and pollution.
Iran’s active mining of cryptocurrencies has led to an energy collapse. Power plants are running out of gas and some have switched to fuel oil. The Iranian capital is covered in smog because of this. The country’s authorities have already confiscated around 45 000 cryptocurrency mining rigs.
According to the country’s largest newspaper, Hamshahri, there is an energy crisis in Iran. One of its main causes is…
It looks like Australia is becoming a super haven for cryptocurrency and blockchain activity. According to a new survey, it appears that roughly 20 percent of its residents have either owned cryptocurrency in the past or possess it at the time of writing.
Australia’s overall crypto perception improved in 2020 but adoption among women is still lacking.
According to the Independent Reserve Cryptocurrency Index (IRCI) for 2020, the overall sentiment towards cryptocurrencies in Australia has improved significantly compared to 2019. …
Cryptocurrency holders can now cash out their bitcoin at 16 000 ATMs across the UK thanks to a collaboration between East London-based Cryptocurrency company BitcoinPoint and independent cash machine operator Cashzone.
According to a recent announcement, Bitcoin users can now convert their cryptocurrencies into cash across over 16 000 ATMs in the UK.
Bitcoin owners will now be able to sell their bitcoins at 16 000 Cashzone ATMs across the UK under an agreement reached with London-based cryptocurrency company BitcoinPoint.
Under the terms of the agreement, once registered, Cashzone users will be able to enter a withdrawal amount on BitcoinPoint’s…
Tech reporter once traded $300 000 worth of Bitcoin for a sushi dinner.
In 2013, this reporter spent 10 BTC, worth $1000 at the time, on a dinner for dozens of strangers in San Francisco. The owner of the restaurant wisely held onto it.
On December 16, Bitcoin surpassed $20 000 level for the first time, hitting an all-time high. Against this backdrop, The New York Times journalist Kashmir Hill recalled how in 2013, even before the cryptocurrency boom, she spent 10 bitcoins at a sushi bar, paying for dinner with 60 strangers. …
Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.
Description: CI Financial Corporation, one of the biggest mutual fund managers in Canada, has recently completed a $72 million fundraise through the Initial Public Offering (IPO) of its Bitcoin Fund.
Northern Trust, a major investment company with $1.2 trillion in assets in Canada, the US and the European Union, is entering the cryptocurrency market. …
Bitcoin-maximalist. Optimistic family man and miner with six years of age. I write about complicated things from the future for people of our days.