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New Russian Law Bans Bitcoin Payments for Goods and Services
24.7.2020
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months
24.7.2020
The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level...
4 Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’
23.7.2020
We asked four expert cryptographers about Craig Wright’s “cryptographic evidence” that he is Bitcoin’s creator Satoshi Nakamoto. They aren't buying it
Wyoming-Based Avanti to Open in October With a New Bank-Issued Digital Asset
23.7.2020
Wyoming's crypto-friendly Avanti Financial expects to open its doors this October with a new bank-issued digital asset, the Avit
Boston Fed Wants to Hire a Digital Currency Engineer
23.7.2020
The one-year position will work on the Applied Fintech Research team's digital currency experiments
Ant Group Claims 100M Digital Assets Are Uploaded to Its Blockchain Daily
23.7.2020
Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain
Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value
23.7.2020
The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows...
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy
23.7.2020
The digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing, but rather just another tool that can be used to maintain U.S. hegemony
China’s Supreme Court Recommends Increasing Crypto Property Rights Protection
22.7.2020
The supreme court of China has recommended increasing the legal protection of property rights, including digital currency ownership rights. The recommendations also focus on solving issues such as “the use of public power to infringe private property rights, illegal seizures, and freezing...
Visa Blog Post Hints at Future Digital Currency Projects
22.7.2020
Visa appeared on Wednesday to redouble its efforts to “shape and support” cryptocurrency’s place in the “future of money.”
tZERO Plans to Support Trading of Aspencoin Ski Resort Digital Security
22.7.2020
Token issuer Aspen Digital raised $18 million selling digital shares of the St. Regis resort in 2018
Lithuanian Central Bank’s Commemorative Digital Token Goes Live Thursday
22.7.2020
Lithuania’s central bank is set to issue 24,000 digital tokens commemorating the re-establishment of Lithuanian independence in 1918
Tech Like CBDCs Central to Senate Hearing on China-US Competition
22.7.2020
Senate looks at tech and innovation, including CBDC development, as critical area within rising tensions with China
Russian Lawmakers Finally Pass Country’s Major Crypto Bill
22.7.2020
Russia’s newly passed crypto bill finally provides a legal status to crypto, but does not allow it to be used as a payment method
Finoa Integrates Tezos; Will Provide Digital Assets Custody
22.7.2020
Finoa, a provider of banking-grade custody and asset servicing solutions for institutional investors in Digital Assets, has announced the integration of Tezos, a decentralized, public blockchain platform. This integration will enable Tezos users to deposit and earn secure and seamless Tezos (XTZ)...
US Lags Behind Other Nations Regarding CBDCs, Says Former CFTC Commissioner
22.7.2020
According to former CFTC Commissioner Sharon Bowen, the U.S. is behind other nations working on a CBDC
Dr Seuss Crypto Collectibles to Feature Cat in the Hat, Lorax, Horton, the Grinch
22.7.2020
Dr. Seuss’ characters will be crypto collectibles due to a partnership between Dr. Seuss Enterprises and Dapper Labs, the company behind Cryptokitties and the upcoming NBA Top Shot. Some of the characters that will be available include The Cat in the Hat, The Lorax, Horton, The Grinch,...
China’s Supreme Court Calls for Better Protection of Digital Currency Rights
22.7.2020
A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin