Category: Cryptocurrency


Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments


Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto InvestmentsIn preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors. New Committee to Propose Rules for Blockchain Industry in Sri Lanka Sri Lankan authorities have unveiled […]


Abkhazia Extends Internet Restrictions for Cryptocurrency Miners


Abkhazia Extends Internet Restrictions for Cryptocurrency MinersThe government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian republic. Authorities in Abkhazia Confirm […]


Abkhazia Extends Internet Restrictions for Cryptocurrency Miners


Abkhazia Extends Internet Restrictions for Cryptocurrency MinersThe government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian republic. Authorities in Abkhazia Confirm […]


Kardashian, Mayweather Jr., Lohan Slammed – Star From ‘The O.C.’ Says Celebrities Shilling Crypto Is a ‘Moral Disaster’


Kardashian, Mayweather Jr., Lohan Slammed - Star From 'the O.C.' Says Celebrities Shilling Crypto Is a 'Moral Disaster'Former teen soap star from the popular television series “The O.C.,” Ben McKenzie, has called out his fellow celebrities for shilling specific cryptocurrency projects. McKenzie calls the trend a “moral disaster” and he’s named a bunch of celebrities that have shilled a few crypto projects to their loyal fans. ‘The O.C.’ Star Ben McKenzie Writes […]


Kardashian, Mayweather Jr., Lohan Slammed – Star From ‘The O.C.’ Says Celebrities Shilling Crypto Is a ‘Moral Disaster’


Kardashian, Mayweather Jr., Lohan Slammed - Star From 'the O.C.' Says Celebrities Shilling Crypto Is a 'Moral Disaster'Former teen soap star from the popular television series “The O.C.,” Ben McKenzie, has called out his fellow celebrities for shilling specific cryptocurrency projects. McKenzie calls the trend a “moral disaster” and he’s named a bunch of celebrities that have shilled a few crypto projects to their loyal fans. ‘The O.C.’ Star Ben McKenzie Writes […]


Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors


Russian Parliament to Consider Restrictions for Non-Qualified Crypto InvestorsCryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]


Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community


Sat Symbol Initiative Attempts to Get Its Satoshi Design Widely Adopted by the Bitcoin CommunityOver the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative […]


Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion Tokens


Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion TokensThe cryptocurrency shiba inu has managed to capture the 18th position in terms of crypto market valuations. The token has gained 230% during the last seven days and year-to-date, SHIB has gained a whopping 24,177,682%. SHIB’s Value Swells After Whale Buys $43 Million Worth of Tokens The popular meme-based crypto-asset shiba inu (SHIB) has seen […]


Dapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering


dapper labsDapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions that users make with their products and the purpose […]


Georgia to Pilot Digital Currency in Retail Commerce Next Year


Georgia to Pilot Digital Currency in Retail Commerce Next YearThe central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales. Georgia to Introduce Digital Lari in 2022 The National Bank of Georgia […]


Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin


moneygramMoneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will […]


Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners


Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for MinersMembers of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With […]


Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet


Zimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive comments about cryptocurrencies do not necessarily mean monetary authorities are about to remove restrictions that were imposed in 2018. The Case for Blockchain Instead, the experts claim the remarks show that the government is only interested in aspects of blockchain technology that are […]


Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to Parliament


Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to ParliamentThe Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional financing. Setting Up New Crypto Market Regulator Will Be Expensive, Zelensky […]


Bitcoin Will Become Currency in Brazil Soon, According to Federal Deputy Aureo Ribeiro


brazilAureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15, which regulates cryptocurrencies, might approve […]


Tanzania Central Bank Heeding Call to Prepare for Crypto, Economists Express Reservations


While the Bank of Tanzania (BOT) executives continue to reiterate the central bank’s willingness to heed the government’s call to prepare for cryptocurrencies, some economists insist Tanzania lacks the resources needed for it to adopt such digital currencies. Economists: Tanzania an Unsuitable Candidate In their views, published by the Citizen following the BOT’s latest update, […]


Bitwage Raises $1.5 Million in Latest Funding Round


bitwageBitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from […]


Canadian Bitcoin Mine Operator Facing $7 Million Fine for Setting Up Power Plants Without Permission


bitcoin mineLink Global, a bitcoin mine operator in Canada, is facing a fine of up to $7 million for installing power plants to run its miners without government permission. The company installed several power plants without following legal procedures and alleges that, if the penalty is enforced, it will constitute a fatal blow to its finances. […]


Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar


Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the DollarThe Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its […]


Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils


Russia, US in Top 3 by Crypto-Related Threats, Cybersecurity Report UnveilsThreats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats […]


Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners


Kyrgyzstan Raises Electricity Rates for Cryptocurrency MinersThe government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining facilities in Kyrgyzstan will […]


Argo Blockchain Purchases 20K Miners From Bitmain for Future Mining Center in Texas


argoArgo Blockchain, a London-based cryptocurrency mining company, has announced an expansion of its mining capacity that will more than double its current hashrate. The expansion will be done through the acquisition of 20,000 S19J Pro bitcoin miners from Bitmain, which will be delivered in several installments. These miners will populate the facility the company plans […]


Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges


Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency ExchangesA government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities in Uzbekistan Blacklist ‘Unofficial’ Crypto Exchanges The National Agency of Project Management under the […]


Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao


The Third-Largest Bank in France Societe Generale Proposes to Use Defi Protocol MakerdaoFrench multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale Proposes Leveraging Makerdao and […]