Category Archives: Cryptocurrency News

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…

Binance has stopped trading stock tokens

Cryptocurrency exchange Binance announced the termination of trading in tokens-shares, without specifying the reasons for this decision. This is most likely due to regulatory pressure. In April, Binance added tokenized stock trading for Apple, Microsoft, Tesla, Apple, Coinbase, and Microstrategy, paired with the BUSD stablecoin. Now their purchase on the stock exchange is no longer possible. Users who still own these assets can sell them within 90 days. However, if users do not manage to…

BIT Digital has moved 14,500 ASIC miners from China to the USA

Mining company BIT Digital, listed on the Nasdaq stock exchange, announced the movement of 14,500 ASIC miners from China to the United States after the imposition of restrictive measures. BIT Digital stated that after the ban on cryptocurrency mining in China, the company ceased operations in the country on June 21. BIT Digital began moving mining equipment to the US back in October last year, but given the current situation, it was forced to hurry…

Crypto investor accuses T-Mobile of negligence leading to BTC theft

A cryptocurrency investor has filed a lawsuit against the mobile operator T-Mobile. He accuses the company of insufficient protection of customer data, which led to the loss of 1.6 BTC through SIM card fraud. Plaintiff Richard Harris alleged T-Mobile’s misconduct and accused the company of failing to adequately protect customer information, employing appropriate support staff, and of violating federal and state laws that resulted in the plaintiff’s loss of 1.63 BTC. Harris demands a jury…

S&P Dow Jones Indices Launched 240 Cryptocurrency BDM Index

S&P Dow Jones Indices, a division of S&P Global, announced the launch of the S&P Cryptocurrency Broad Digital Market (BDM), a “broad digital market index” of 240 cryptocurrencies. S&P Dow Jones Indices (S&P DJI) has announced that BDM will track 240 cryptocurrencies and cover about 80% of the total cryptocurrency market capitalization. Today it is about $ 1.3 trillion. The data provider will be the New York-based company Lukka Prime. To be included in the…