A cryptocurrency mining company made an interesting announcement on December 21. It is worth mentioning that, Riot Blockchain signed another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. Let’s get back to the announcement. According to the information provided by the company based in Colorado, it expects that the new purchase will contribute …
Cryptocurrency Company Riot Blockchain Invested $35 Million Read More »
Recently, Russia’s second-largest bank VTB Bank piloted a new blockchain-based system to issue bank guarantees. It is worth mentioning that, VTB Bank provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider MTS. People should take into account that, the bank issued MTS a guarantee for the fulfillment of payment obligations worth …
Russia’s Second-Largest Bank and a Blockchain-Based System Read More »
Nigeria is the most populous country in Africa, as well as the largest economy. Moroever, Africa’s largest economy has a huge potential when it comes to cryptocurrencies. It is worth mentioning that, peer-to-peer (P2P) Bitcoin volume in Nigeria continues to rise. The country remains a bastion for crypto adoption. The country ranks second only to …
Bitcoin is one of the most if not the most well-known cryptocurrencies in the world. On Wednesday, bitcoin’s price surpassed $20,000 for the first time in history. According to crypto enthusiasts, the demand from institutional investors helped to boost the price of the world’s most valuable cryptocurrency. It is worth noting that, bitcoin traded 5.6% …
Bitcoin Made a History as Price Surpassed $20,000 Read More »
The U.K.’s Financial Conduct Authority (FCA) made an important as well as timely decision. The regulator issued temporary regulations to crypto companies that have already submitted applications, but the regulator was not able to process all applications. Let’s have a look at the announcement. This decision will allow the companies to continue trading for an …
Financial Conduct Authority and Crypto Companies Read More »
Cryptocurrency exchange Binance continues to surprise with interesting projects. Interestingly, a famous exchange signed a strategic partnership with sports and entertainment fan-token issuer Chiliz. Importantly, as the first milestone of this cooperation, Chiliz fan-tokens for Paris Saint Germain (PSG) and Juventus (JUV) football clubs would be the latest featured on its Launchpool platform. As …
Binance and Entertainment Fan-Token Issuer Chiliz Read More »
Swiss crypto bank Sygnum is working hard to expand its services. In fact, this year the bank issued a first digital franc stablecoin. The crypto bank successfully tokenized its shares on a blockchain in preparation for its upcoming public sale. Let’s have a look at the information released by the Swiss crypto bank. Sygnum tokenized …
Russian Federation has a huge potential when it comes to cryptocurrencies, but there are certain challenges as well. Interestingly, Russia became the latest country to officially require its government officials to report their cryptocurrency holdings. It is worth noting that President Vladimir Putin signed a decree. Let’s have a look at this document. According to …
Russian Officials, Crypto Investments, and Legal Aspects Read More »
Money laundering remains one of the biggest challenges for law enforcement agencies. Importantly, French financial authorities are working hard to strengthen the country’s cryptocurrency regulations. This way they want to prevent illicit activities like money laundering and terrorism financing. Recently, several ministries jointly introduced an order aiming to prevent anonymous digital asset transactions by banning …
French Authorities vs. Anonymous Crypto Accounts Read More »
Criminal groups in Mexico are using various methods to launder money obtained in illicit activities. Unfortunately, it is quite hard to investigate such cases. According to a law that dates back to 2018, registered crypto trading platforms must report transfers exceeding 56,000 Mexican pesos (approximately 2,800).Thanks to this law it will be easier to detect …
It is no secret that the Libra Association was struggling to gain recognition from lawmakers as well as regulators. Recently, the Libra Association made an interesting announcement. According to a press release, the Libra Association is changing its name to the Diem Association. Moreover, in its announcement, the Diem Association revealed its new logo. Interestingly, …
Authorities not only in Thailand but other countries as well are working hard to cope with various illegal activities. It is worth mentioning that the country’s tax collection agency will use blockchain technology to streamline tax payments in 2021. Interestingly, the Excise Department will use this technology to improve its revenue collection instead of actually …
How Thai Authorities Plan to Use Blockchain Technology Read More »
Afghanistan is struggling to cope with various problems. Unfortunately, the country suffered heavy losses due to military conflicts. Interestingly, the United Nations released a blockchain-powered solution to help the country’s government. It will help to manage property ownership issues in the country’s urban areas. It is worth noting that the United Nations Human Settlements Programme …
United Nations, Blockchain Tool, and Afghanistan Read More »
The Libra association was struggling to gain approval from regulators. Interestingly, two days ago the Libra Association made an interesting announcement. The association made the decision to change its name, from Libra to Diem Association. Interestingly, Libra is transitioning to the name “Diem”, which denotes a new day for the project. People should take into …
Visa Inc. also known as Visa is a world-famous financial services corporation based in California. Importantly, Visa understands the importance of cryptocurrencies. It is worth mentioning that Visa and BlockFi are working together to launch a new crypto card that rewards users with Bitcoin, setting the stage for wider mainstream adoption of cryptocurrencies. People should …
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