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Global think tank suggests blockchain in public finance can help reduce fraud

27.9.2022
Modernizing public finance management through blockchain could help governments identify potential corruption and waste by providing additional transparency and traceability

Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities

17.9.2022
The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors...

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

13.9.2022
The development is part of a move away from centralized crypto products such as stablecoins

Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

12.9.2022
Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes...

L2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration

1.9.2022
The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput. Arbitrum Developers Implement...

Bitcoin, Ethereum Technical Analysis: ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees

18.8.2022
Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued...

Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

17.8.2022
On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs...

Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees

17.8.2022
The Merge will still reduce the network's energy consumption by an estimated 99.5%

Colombia Plans to Launch Digital Currency to Reduce Tax Evasion

17.8.2022
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also be accompanied by restrictions on cash payments...

CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

29.7.2022
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange

Foundry Starts New Service to Reduce Supply-Chain Lag for Bitcoin Miners

28.7.2022
The DCG subsidiary aims to lower time and costs related to deliveries of mining computers for its clients

Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030

14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...

Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan

7.7.2022
The crypto miner recorded gains in production in June, but higher electricity costs and falling bitcoin prices narrowed its margins

Tether continues to reduce commercial paper in sharp reduction since March

1.7.2022
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far

Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt

21.6.2022
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan

Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

21.6.2022
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation. Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate...