The crypto market is developing, and as a result, even the most isolated countries are willing to develop this emerging technology. An unusual place to organize a cryptocurrency conference is North Korea. The conference will take place from February 22 to February 29. However, there is a problem the United Nations imposed sanctions on North …
Cryptocurrencies are becoming more and more popular. However, some individuals, as well as governments, are trying to use cryptocurrency for illegal activities. One of the countries that engaged in such activities is North Korea. According to U.N. experts, North Korea generated an estimated 2 billion by stealing from banks and cryptocurrency exchanges. Moreover, the country …
The Republic of India has the potential to play a significant role when it comes to developing emerging technologies such as crypto. However, companies that would like to enter this business should be careful as the local crypto climate is quite complicated for a number of reasons. Crypto exchange WazirX had to transform its business …
The Supreme Court of India decided to postpone the full hearing of the case that will have a huge impact on the local community. The Internet & Mobile Association of India (IAMAI) filed a lawsuit against the decision made by the Reserve Bank of India (RBI). As a reminder, in April 2018 country’s central bank …
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Cryptocurrencies step-by-step are becoming more popular. However, crypto companies are struggling to develop their businesses due to various problems. One of the examples of how difficult it is to gain recognition comes from Brazil, which is the biggest country in South America. Unfortunately, Brazil’s biggest banks make decisions that may undermine the process of crypto …
Bitcoin is the oldest cryptocurrency on the market. Last week Bitcoin’s price increased by more than 11%. It is worth mentioning that it was the biggest weekly gain since October. As a reminder, the price of Bitcoin jumped 16% in the third week of October. Moreover, for the last several months, Bitcoin managed to strengthen …
The lack of proper regulations is a serious challenge for crypto markets. Starting from 2020, crypto-related companies will have to comply with new rules as part of AMLD5. The purpose of the Fifth Anti-Money Laundering Directive (AMLD5) is to prevent activities connected with terrorism. Moreover, this directive will help to avoid hiding personal wealth. This …
The Republic of Austria is one of the most liberal countries regarding crypto trading. However, based on the recent legal notice, it will require all operators to register with the Financial Markets Authority (FMA). Crypto businesses must prove that they have sufficient liquidity as well as resources to operate in the country. Otherwise, they will …
Companies are looking for places to open crypto mining farms. However, it is quite hard to find a suitable place for several reasons. Access to cheap electricity is one of the conditions. Moreover, there are other issues as well. Last month, a Russian state-owned corporation opened a unique facility that will please crypto miners. Rosatom …
In December 2019, Rosatom State Atomic Energy Corporation opened a crypto mining farm. The state-owned corporation allocated more than $4.8 million to build the 30-megawatt facility. Based on the information provided by the Sergei Nemchenkov. He is the head of data centers and digital products at Roenergoatom, which is a part of Rosatom. It is …
There are a lot of cryptocurrencies. However, Bitcoin retains its status as the biggest crypto money in the market. It is important to mention that Bitcoin is the oldest cryptocurrency, and despite fierce competition throughout its history, it still attracts crypto owners. Nevertheless, the path to crypto adoption is not easy due to various reasons …
On Wednesday, Bitcoin’s price reached the highest level in seven weeks. This happened early on January 8 during the Asian trading hours. Bitcoin is one of the most famous cryptocurrencies around the globe. Moreover, it is the biggest cryptocurrency in terms of market capitalization. The price of the biggest cryptocurrency reached this result as Iran …
Crypto trading used to be a free market. However, in 2019 regulators as well as central banks around the world, increased pressure on this sector. Last year, trader screening and passport requirements became part of this evolving market. Overall, crypto trading faced more restrictions in 2019 in comparison with previous years. For example, starting from …
Ethereum is the second-largest cryptocurrency in terms of market capitalization after Bitcoin. Ethereum had a solid year, despite the problems connected with its price. However, there is a chance that Ethereum’s price will increase in 2020. It is worth mentioning that Ethereum’s ecosystem continued to expand in 2019. Last year, 4 million new active addresses …
Cryptocurrencies became more popular around the world. However, the lack of regulations and clarity regarding the future of crypto markets created many problems. India is home to more than 1.2 billion people. It has a huge potential when it comes to embracing this emerging technology. However, Indian officials are reluctant to support the crypto market. …
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