Category Archives: Cryptocurrency News

The President of Kazakhstan signed a law on the introduction of a tax for miners

President of Kazakhstan Kassym-Jomart Tokayev signed a law providing for the introduction of an additional tax on electricity for miners working in the country. The law will come into force in January 2022. Due to the ban on mining in China, a large number of Chinese miners have been moving to Kazakhstan in recent months. Kazakhstan has previously been one of the main directions for the extraction of bitcoin. According to the Cambridge Bitcoin Electricity…

About 650 US banks will provide customers with access to bitcoin with the participation of NYDIG and NCR

New York Digital Investments Group (NYDIG) and payments firm NCR have announced a partnership that will bring about 650 banks in the United States to offer their customers the option to buy bitcoin. Digital asset management firm NYDIG is a subsidiary of Stone Ridge Asset Management. The agreement between NYDIG and NCR will allow American banks and credit cooperatives to offer cryptocurrency trading to their clients, which total about 24 million people across the country.…

FinCEN has included crypto assets in the agency’s list of national priorities

The Financial Crimes Enforcement Network of the United States (FinCEN) has identified the fight against illegal activities related to cryptocurrencies among the agency’s key priorities. In the first list of national priorities, FinCEN identified eight key areas: corruption, cybercrime and related aspects of cryptoasset-related illegal activities, including terrorist financing, fraud, transnational criminal organizations, drug trafficking, human trafficking and financing the proliferation of weapons of mass destruction. So far, the agency’s priority list is not linked…

MAS and IMF launched a competition to solve the problems of state cryptocurrencies

The Monetary Authority of Singapore (MAS) and the International Monetary Fund (IMF) have launched a competition to tackle twelve problems related to government cryptocurrencies. The regulator of Singapore has teamed up with the International Monetary Fund, the World Bank and other organizations to launch a competition in which participants must offer solutions to twelve problems related to government cryptocurrencies. “Could a government-owned retail cryptocurrency system be embedded into existing infrastructure with additional functionality beyond basic…

Ethereum Classic Prepares For Magneto Hard Fork With Four EIPs

Ethereum Classic Technology Coordinator Stevan Lohja has announced the upcoming Magneto hardfork, which includes four proposals for Ethereum 1.x (EIP). These EIPs first appeared in the Berlin update for the live Ethereum network, which was activated in April. These offers are aimed at increasing the level of security and reducing commission costs by storing addresses and keys in the same place. Magneto is slated to launch in July, following the beta testing of the Ethereum…

Electronic money and cryptocurrencies: what’s the difference?

It is sometimes difficult for newcomers to the industry to understand the difference between electronic money and cryptocurrencies. What are the main differences between these concepts and in what scenarios is it better to use these two types of payment instruments? So far, cryptocurrencies remain a new and relatively little-studied technology that does not have an established terminology and systematization. New users of the industry and even the media sometimes confuse the terms “electronic money”…

British court recognized Craig Wright’s rights to the Bitcoin White Paper

Australian Craig Wright won a victory in court against the co-owner of the site bitcoin.org, known under the pseudonym Cobra. The case concerned “copyright infringement” in the publication of the Bitcoin White Paper. In January, the self-proclaimed “creator of Bitcoin” Craig Wright sent a warning to the anonymous administrator of the bitcoin.org website, accusing him of illegally publishing a White Paper and using a domain name with the word bitcoin. However, Cobra refused to remove…

On the first day of testing the London hard fork on the Ethereum testnet, 88,000 ETH were burned

On June 24, the London hard fork, which includes changes to the EIP-1559 proposal, was activated on the Ropsten testnet. In just a day, 88,000 ETH was burned. As part of EIP-1559, when paying commissions, ETH coins are burned, which will reduce transaction fees, but at the same time reduce the income of miners. The changes turned out to be very effective – 88,000 ETH were burned on the test network. We are talking, of…

FSA Japan warned about the lack of a license from the Binance exchange

The Japanese Financial Services Agency (FSA) has issued a warning that the Binance cryptocurrency exchange operates in the country without a license and does not have regulatory approval to operate in Japan. The Agency made this statement in order to protect investors and traders. The FSA issued a similar warning about Binance back in March 2018. However, then the CEO of Binance Changpeng Zhao explained that the marketplace had a “constructive dialogue” with the regulator…

Andreessen Horowitz launched a $ 2.2 billion cryptocurrency fund

Venture capital firm Andreessen Horowitz has launched a $ 2.2 billion Crypto Fund III to develop projects using blockchain and cryptocurrencies. The company began supporting the cryptocurrency industry back in 2018 by opening a $ 300 million fund.Last year, Andreessen Horowitz launched a new $ 510 million cryptocurrency fund. The funds from these funds were used to finance well-known startups such as Uniswap, Compound, Dapper and Protocol Labs. The launch of the new fund suggests…