Category Archives: Cryptocurrency News

The European Union will create an agency to combat money laundering through cryptocurrencies

The European Commission will form a new agency, the Anti-Money Laundering Authority (AMLA), to oversee the cryptocurrency industry in the European Union. The European Commission has proposed to create a new body, which will include the regulatory bodies of European countries. The AMLA is supposed to become the “central agency” in Europe that will monitor whether cryptocurrency transactions comply with anti-money laundering (AML) regulations. The department will also coordinate the activities of state supervisory authorities,…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Cryptocurrency salary bill submitted to Argentina’s Congress

A member of the lower house of the National Congress of Argentina presented a bill that will allow workers in the export of goods and services to receive full or partial salaries in cryptocurrencies. Member of the Argentine Chamber of Deputies, José Luis Ramón, said his proposed bill would apply to anyone who provides services or works for hire. If this proposal is accepted, residents of the country will be able to choose how they…

Circle will go public through merger with Concord Acquisition Corp

Circle, the issuer of the USDC stablecoin, has announced a merger with Concord Acquisition Corp, which will allow it to enter the US stock market later this year. Circle receives funding from US investment bank Goldman Sachs. This bank acts as the exclusive financial advisor to Concord. With the help of a specialized targeted mergers and acquisitions company (SPAC), Circle plans to list its securities on the New York Stock Exchange (NYSE) under the ticker…

Iran suspended the work of licensed mining companies until August

Iranian First Vice President Eshak Jahangiri has called on all licensed miners in the country to stop operating due to the ongoing energy crisis. According to the Tasnim News Agency, Eshaq Jahangiri said in a meeting with Department of Energy officials that electricity consumption restrictions for cryptocurrency miners are likely to remain until early August. In May, the Iranian president approved a ban on mining cryptocurrencies until September 22, as mining overloads the country’s energy…

DappRadar: $ 2.5 billion worth of NFTs sold since early 2021

In the first half of 2021, NFT sales reached $ 2.5 billion. Since March, sales of non-fungible tokens have ranged from 10,000 to 20,000 NFT per week. According to a Reuters publication citing data from DappRadar, in the first half of 2021, non-fungible token (NFT) sales totaled $ 2.5 billion.   In the first quarter of 2021, interest in the industry grew – non-fungible tokens became popular in the art world after the artist’s painting…

Found 8,000 BTC from South African Pyramid Mirror Trading International

The South African Mirror Trading International (MTI) pyramid has been finally liquidated. The investigation found another 8,000 BTC appropriated by the founders of the pyramid. The Cape High Court approved the final liquidation of MTI this week, according to Moneyweb. The company was temporarily liquidated in December following numerous customer complaints of fraud. In January, South African regulators officially shut down Mirror Trading International. Investigators found the 8,000 BTC collected by the organizers of MTI,…

Binance Exchange suspended deposits through SEPA payment system

Cryptocurrency exchange Binance has announced that it has temporarily stopped accepting deposits from bank accounts through the key European payment system SEPA. Work with the Single Euro Payments Area (SEPA) was suspended today, July 7, at 10 am Moscow time. The reason for this decision, representatives of Binance called “events beyond our control.” The SEPA system connects payment platforms across Europe and makes it easier for businesses to make bank payments. Binance used various intermediaries…

Tech Mahindra will deploy a solution on the blockchain to track the supply of vaccines from COVID-19

Indian IT giant Tech Mahindra and StaTwig are deploying VaccineLedger to address supply chain issues that affect COVID-19 vaccine stocks and shelf life. Blockchain company StaTwig tested the VaccineLedger solution in India and the USA back in 2019. The company recently partnered with Indian IT giant Tech Mahindra to roll out the solution as part of a coronavirus vaccination campaign around the world. VaccineLedger’s goal is to increase the transparency of the vaccine supply chain.…

Hideki Murai: “We will shape the digital yen by the end of 2022”

A politician who leads the digital currencies study group in Japan’s ruling party said that by the end of next year, lawmakers will shape how the digital yen works. Hideki Murai of Japan’s Liberal Democratic Party said that by the end of 2022, lawmakers will have a “clearer picture” of what Japan’s state-owned cryptocurrency should be like. Although lawmakers do not plan to make a decision on the issuance of the state cryptocurrency anytime soon,…