Category Archives: Cryptocurrency News

EIP-3675 for ETH 2.0 update published on GitHub

EIP-3675 contains confirmation of the merger of stakes in ETH 2.0 and brings the Ethereum network closer to the transition from proof of work to proof of stake. Ethereum developers continue to work on merging the current Ethereum 1.x network with the already running Beacon Chain, the first stage of Ethereum 2.0. The redesigned EIP-3675 will be one of the last steps towards proof of stake. Ethereum co-founder Vitalik Buterin confirmed that the transition to…

WiV Technology will release NFT for Georgian wine producers

An agreement between WiV Technology and the Georgian government will make the flagship brands of Georgian wines and their associated non-fungible tokens (NFTs) available to wine producers and collectors on the WiV platform. WiV Technology announced that it has signed an agreement with the Georgian government to expand the global presence of Georgian wine and ensure quality. As part of the agreement, local players in the Georgian wine industry will present flagship brands in the…

Alabama regulator accused BlockFi service of violating securities laws

The Alabama Securities Commission (ASC) has accused cryptocurrency lending service BlockFi of selling unregistered securities in violation of US law. Alabama became the second US state to express concern about BlockFi’s activities. The New Jersey Attorney’s Office already issued an order this week for BlockFi to stop serving new clients in the state. Following this, ASC Chairman Joseph Borg issued a justification order addressed to BlockFi. According to this order, within 28 days, BlockFi’s management…

Ground X will develop a model for South Korea’s state cryptocurrency

The Bank of Korea has announced the winner of the tender among technology providers for the state cryptocurrency. Ground X received $ 4.4 million to develop a digital won model. According to the Korea Herald, South Korea’s central bank has selected Ground X, a subsidiary of national tech giant Kakao Corp., to participate in a government-owned cryptocurrency pilot program. Ground X participated in the tender with Line Plus, a subsidiary of Naver, and SK C&C,…

Doctors in Shenzhen will receive insurance payments in digital yuan

The People’s Bank of China (PBOC) and insurance giant Ping An are leveraging the digital yuan to compensate healthcare workers in the Nanshan District of Shenzhen City affected by the coronavirus. Employees of hospitals and clinics in Nanshan District will enter into insurance contracts with Ping An. According to this agreement, if they are diagnosed with COVID-19, they will receive a certain amount in digital yuan in their electronic wallet. In the event of the…

Buenos Aires Port to Implement Blockchain to Upgrade Marine Logistics Platform

The port of Buenos Aires in Argentina will undergo technological upgrades and implement blockchain to increase the speed and efficiency of cargo handling and customs clearance processes. According to a press release, the General Authority of the Port of Buenos Aires, subordinate to the Ministry of Transport of Argentina, has announced a tender for the modernization of its maritime logistics platform. The e-PuertoBUE platform handles the processes associated with ship freight, ship maintenance and customs…

Mastercard made it easy for card issuers to convert cryptocurrencies to fiat currencies

MasterCard simplifies the process of converting cryptocurrencies into traditional currencies for partners and expands the program for servicing cryptocurrency cards. Previously, MasterCard partners planning to issue cryptocurrency cards or expand card programs could face difficulties during conversion operations. This was a critical issue for crypto card holders when making payments through MasterCard. MasterCard’s partnerships with Evolve, Paxos and Circle address this industry challenge and provide cryptocurrency cardholders with the ability to spend their digital assets…

DeFi Aave Protocol Developers will create an alternative to Twitter on Ethereum

The founder of the DeFi protocol, Aave, said that the developers of the project will create a decentralized alternative to the social network Twitter, which will run on Ethereum. The founder and CEO of the DeFi lending protocol Aave, Stani Kulechov, said the developer-created Twitter counterpart would give users the ability to monetize their content and manage the network. “We believe that content creators should be able to interact with their audience in an unsupervised…

Turkey drafts cryptocurrency regulation bill

The Turkish Ministry of Finance is preparing a bill establishing the legal framework for the use of cryptocurrencies in the country. Deputy Finance Minister Şakir Ercan Gül announced that the bill will be presented to parliament – the Turkish Grand National Assembly – in October 2021. Gul said that the state needs to develop stricter rules for regulating cryptocurrencies than those applied in Western Europe or the United States. The bill aims to protect retail…

People’s Bank of China published the White Paper of the digital yuan

The People’s Bank of China (PBOC) has published the White Paper of the digital yuan (e-CNY) it is developing. The document announced the use of smart contracts. The technical documentation of the digital yuan specifies the prerequisites for its creation. The idea of ​​developing a state digital currency came from the NBK back in 2014. China began to conduct research after the emergence of cryptocurrencies, believing that they could pose a serious risk to the…