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Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program
23.1.2023
The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment...
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’
17.1.2023
After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). During the research phase, the central bank said it paid particular attention “to risks...
CBRT sticks along & accelerates usage of Digital Lira
30.12.2022
Turkey is determined to go ahead with the test on its Digital Lira after the central bank announced that it had concluded the first test. The Central Bank of the Republic of Turkey has added that it plans to continue running a few tests on the digital currency in the next year too. According...
Former Chinese central banker says digital yuan ‘usage has been low’
30.12.2022
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
Today in Crypto: Israel to Seize All Crypto in 150 Wallets, Nigeria to Recognize Crypto Usage, OneCoin Co-founder Pleads Guilty
19.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Israel to Seize All Crypto in 150 Wallets, Nigeria to Recognize Crypto Usage, OneCoin Co-founder Pleads...
Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies
19.12.2022
The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
8.12.2022
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy...
Bitcoin Miners Offered Way to Cut Texas Electricity Usage to Help the Grid
6.12.2022
The voluntary program to lower power consumption during high demand period, might go live around Jan. 1, 2023
Ether Turns Inflationary as Network Usage Slows
6.12.2022
Ether's annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...
Coinbase announces its wallet will stop supporting BCH, ETC, XLM and XRP, citing 'low usage'
29.11.2022
The crypto exchange plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users' existing addresses
Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets; Introduces Moments Market
18.11.2022
Electronics giant Sony has filed a patent that describes the usage of NFT (non-fungible token) and blockchain technology to track the history of in-game digital assets. The filing describes the usage of this tech in order to record the story of modifications and ownership of the digital assets from...
Minted launchpad eases NFT usage via free minting feature
4.11.2022
Minted Launchpad is live, allowing users to mint and trade their favorite NFTs on the platform. Moreover, they can browse a wide range of collections with security and ease of use as top priorities. With the step in place, A Hard Working Man is now being brought to the ecosystem by Animal Concerts...
Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine
28.10.2022
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities...
Nokia Believes the Metaverse Will Replace Smartphones in the Future
25.10.2022
Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users...
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
19.10.2022
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto...
Russian stablecoin usage surged after Ukraine invasion: Report
13.10.2022
According to Chainalysis data, Russia's stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets
Taliban had a ‘massive chilling effect’ on Afghan crypto market: Report
6.10.2022
Crypto value received in Afghanistan surged in the wake of the Taliban seizing power in August 2021, but crypto markets have flat lined under the regime
Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’: Report
30.9.2022
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s...
Michael Saylor Publishes Open Letter Discussing the ‘Sheer Volume of Misinformation’ Tied to Bitcoin
16.9.2022
The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting...