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Ethiopia Explores Crypto Mining with New Hong Kong Data Center Deal
16.2.2024
Ethiopia has inked a memorandum of understanding with Data Centre Service, a subsidiary of Hong Kong’s West Data, to build a $250 million data mining infrastructure project in the country. Data centres provide the facilities to host large-scale Bitcoin mining operations. The East African...
51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to Impractical Costs: Coin Metrics
16.2.2024
It is no longer viable for nation-states to destroy the Bitcoin (BTC) and Ethereum (ETH) networks through 51% attacks. According to the latest research from crypto intelligence firm Coin Metrics, the astronomical costs required to carry out such attacks make them impractical and unprofitable. A...
Argentina Tops Latin America in Stablecoin Purchases and Holdings: Report
13.2.2024
Argentina, a nation grappling with a severe economic crisis and a plunging peso, has emerged as the leading purchaser and holder of stablecoins in Latin America over the past six months, as per a report by Mexican-founded crypto exchange Bitso. Bitso’s recently published ‘Crypto...
Belarus CBDC ‘Will Let Nation Decentralize Cross-border Trade,’ 2026 Rollout Confirmed
8.2.2024
Belarus’ Central Bank thinks its new CBDC will let Minsk “decentralize cross-border trade,” and has earmarked a national rollout for 2026. Per ONT, the National Bank of Belarus (NBB)’s Deputy Head of Research and Strategic Development Mikhail Demidenko, said: “The [goal] is primarily...
Bitcoin Price Prediction: BTC Nears $42,500 Amid Bukele Win and Soaring ETF Interest
5.2.2024
During the Asian trading session, Bitcoin’s latest price prediction takes into account a modest retreat to $42,585, marking a slight downturn of over 1%. This movement coincides with significant developments in the sector: President Nayib Bukele’s electoral success in El Salvador,...
South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales
5.2.2024
The singer of “Gangnam Style,” PSY, could be set for an NFT clash with regulators in his native South Korea. Per Biz World, the singer’s entertainment agency P Nation launched an NFT-powered pre-sale project for PSY’s concert tour in 2023. No NFT Joy for ‘Gangnam Style’ PSY? In October 2022,...
Japanese Crypto Advocate Wins Parliament Seat
23.1.2024
A leading Japanese crypto advocate has won a seat in the House of Councilors, the nation’s lower parliamentary house. Per CoinPost, Takeshi Fujimaki, a former lawmaker who lost his seat in the 2019 election, has been restored to the house under proportional representation rules. Fujimaki,...
Polymarket Predicts Trump as 2024 US Election Winner With 48% Chance, Biden and Haley Trail in Predictions
18.1.2024
With the U.S. presidential election just about nine months on the horizon, it appears that American electors are poised to encounter familiar faces from the 2020 race — Joe Biden and Donald Trump. Recent data from the decentralized crypto-based predictions platform Polymarket suggests that Trump...
Russian Central Bank ‘Turning a Blind Eye’ to Crypto-powered Trade – Senator
17.1.2024
Source: ulchik74/Adobe A Russian senator has claimed the nation’s Central Bank is “turning a blind eye” to firms that use crypto as a payment tool in international trade. Russia’s CoinSpot quoted Ivan Abramov, the First Deputy Chairman of the Federation Council Committee...
Gov’t Servers in South Korean City ‘Infected with Crypto Mining Malware’
16.1.2024
Source: iuliia_n/Adobe Crypto mining malware has been found on two government servers in the South Korean city of Daejeon, an audit has found. Per MBN, the nation’s Ministry of Public Administration and Security commissioned biannual audits of the city government’s servers. During...
‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts
15.1.2024
Source: Wit/Adobe South Korean regulators will not give the green light to a domestic Bitcoin spot ETF before the nation’s next general elections, insiders claim. Per Sobija Mandueneun Shinmun, anonymous financial investment industry officials believe that any new crypto regulation will...
Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank
12.1.2024
Source: Alexey Novikov/Adobe Exchanges that buy coins overseas to sell on the domestic market account for most of Brazil’s cross-border crypto trade, a Central Bank report has found. The findings were published in an official post from the bank’s data analysis team. The authors reported...
Thai Government’s Digital Wallet Stimulus Plan Under Scrutiny
9.1.2024
Source: AdobeStock / kikujungboy Has the Thai government’s plan to deposit money in citizens’ digital wallets received approval from the legal adviser? Depends on whom you’re asking. The confusion began on Sunday. According to The Nation, the Council of State has given its opinion...
South Korean Lawmaker: Top Crypto Exchanges ‘Neglect Responsibilities’
9.1.2024
Source: efired/Adobe A South Korean lawmaker has claimed that the nation’s leading crypto exchanges are “neglecting their responsibilities to protect investors.” According to a report from Daehan Geumyoong Shinmun, the comments came from Min Byeong-deok. Min is a member of the National Assembly’s...
SEC To Finalize Comments On Spot Bitcoin ETFs With Nasdaq, NYSE
3.1.2024
Source: DALL·E The U.S. Securities and Exchange Commission (SEC) will reportedly hold meetings with the nation’s largest stock exchanges on Wednesday, refining all details related to a suite of Bitcoin ETF applications. “The SEC is holding meetings today with the exchanges (Nasdaq, CBOE, NYSE)...
Kyrgyzstan Raises $1m from Crypto Mining Taxes in 2023
29.12.2023
Source: chekart/Adobe Kyrgyzstan is quietly becoming a force in crypto mining, with its government set to raise over $1 million this year from taxing the industry. According to the media outlet 24KG, the nation’s finance ministry reported that it had raised $900,000 worth of tax revenue from crypto...
An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History
28.12.2023
The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto assets such as bitcoin demonstrated remarkable...
Russia’s Digital Ruble ‘Will Affect Banks’ Liquidity’ – Report
22.12.2023
Source: Yevgeniy Vershinin/Adobe Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout. Per the media outlet Comnews, Russian financial industry experts expressed mixed feelings about the CBDC at a banking...
Putin Green-lights Russian Digital Ruble Tax Law
21.12.2023
Source: chase4concept/Adobe Russian President Vladimir Putin has signed off on a law that will see the digital ruble incorporated into the nation’s tax code. Per Telesputnik, the new law sees terms like “digital ruble” and “digital ruble wallet” added to the code. The law also allows bailiffs...
Ex-Central Bank Chief Says China ‘Must Lead World’ in CBDC Adoption
18.12.2023
Source: Eagle/Adobe The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues. Per a Weibo post from the media outlet Finance iFeng, former People’s Bank of China (PBoC) chief Dai said...