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Iraq Issues Ban on US Dollar Transactions to Bolster Usage of Iraqi Dinar
16.5.2023
The government of Iraq issued a ban on using the U.S. dollar for conducting business transactions on May 14. The ban, which is already in effect, is designed to bolster the usage of the Iraqi dinar, the fiat currency of the country, and to reduce the influence of the dollar and its exploitation...
How to use a VPN for online security and privacy
15.5.2023
Explore how to use a VPN for enhanced online security and privacy using step-by-step instructions
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
15.5.2023
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller,...
BNP Paribas teams up with Bank of China to promote digital yuan usage
5.5.2023
The partnership will enable BNP Paribas China's corporate clients to make payments using the digital yuan through an e-CNY management system
AI chatbot usage causes concern among 70% of Japanese adults
1.5.2023
A survey conducted by a local Japanese news outlet revealed that 69.4% of adults want stricter regulations for AI development and implementation
Stop the Presses: Criticism Against the New York Times Mounts as Newspaper Is Accused of Killing 59 Million Trees Annually
19.4.2023
After the New York Times (NYT) published an editorial about bitcoin mining, claiming the industry is harmful to the environment, an organization called Stop the Presses took issue with the Times’ paper usage. Stop the Presses launched a social media campaign against the NYT’s newspaper...
Zambia to Complete Testing Real-Life Crypto Usage Simulations by June — Government Minister
18.4.2023
Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country is seeking a balance between innovation and consumer protection. Zambia Needs to Build Digital...
Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining
18.4.2023
While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant...
Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade
14.4.2023
A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions...
Ethereum Usage Will Drop if the Blockchain Doesn’t Increase Its Throughput: Bank of America
23.3.2023
The network’s early success was a double-edged sword as the large number of transactions resulted in network congestion and rising transaction fees, the report said
Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom & Qori Enable Crypto Transactions for 20K Businesses in 'One Action'
15.3.2023
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: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom...
Biden budget proposes 30% tax on crypto mining electricity usage
9.3.2023
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee
12.2.2023
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy...
US Senator Elizabeth Warren Leads the Charge to Learn More About Crypto Mining Energy Usage – Regulation Incoming?
8.2.2023
Elizabeth Warren, the Democratic Senator who is known as a fierce crypto critic, is now part of an effort by lawmakers to learn more about the energy use of crypto mining.
The new initiative aims to increase the transparency requirements for crypto mining companies, particularly when it comes...
Lawmakers write to US officials about crypto energy usage information gathering
7.2.2023
Elizabeth Warren and seven other Democrats want to know how much the Environmental Protection Agency and Energy Department know about crypto mining energy draws
Kazakhstan's President Signs Legislation to Limit Energy Usage of Crypto Mining
7.2.2023
The new legislation also calls for government-approved mining pools
ENS Domains can now be accessed via OVER’s Marketplace as usage of domains continues to skyrocket
1.2.2023
While it is true that cryptocurrencies and NFTs get all the headlines, the metaverse has become extremely popular as well. However, a vital aspect which may not be discussed as much is spatial domains. These are an important component of decentralized web and blockchain technology. Instead...
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...