Central Bank of Iran banned the trading of cryptocurrencies mined in other countries

Cryptocurrency NewsBy 10/05/2021

According to local media reports, the Central Bank of Iran has banned the trading of cryptocurrencies mined outside the country to prevent capital outflows. In fact, cryptocurrency trading in Iran is considered illegal. But in 2019, the Iranian government legalized the mining of cryptoassets, recognizing it as one of the industrial sectors. Last fall, Iran allowed the use of digital assets, but only to pay for goods imported from other countries. The Iranian authorities believed…

Ether is above $ 3600, Bitcoin dominance fell to the level of the summer of 2018

Cryptocurrency NewsBy 10/05/2021

Altcoins rushed to new highs led by Ether, which rose above $ 3,600. Bitcoin’s dominance index has dropped to 44%, the lowest since the summer of 2018. Today, after a three-day consolidation, ether has overcome the level of $ 3,600 and continues to grow – now it has every chance of getting to $ 4,000. Over the past 30 days, the price of ETH has increased by almost 70% and continues to grow. And just…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 08/05/2021

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…

Central Bank of Georgia began to study the possibility of issuing digital lari

Cryptocurrency NewsBy 07/05/2021

The National Bank of Georgia is exploring the possibility of issuing a state cryptocurrency to improve the efficiency of the internal payment system and the availability of financial services. According to the statement of the Central Bank of Georgia, the country plans to join the growing number of states preparing the release of the state cryptocurrency. The regulator encourages technology companies, the fintech industry and interested financial institutions to cooperate with the Central Bank to…

Central Bank of Kazakhstan opened a public discussion on the issue of digital tenge

Cryptocurrency NewsBy 07/05/2021

The National Bank of the Republic of Kazakhstan began a public discussion of the benefits and possible risks of switching to the digital Kazakhstani tenge. According to information from the Bank of Kazakhstan, digital tenge will be backed by the state currency in cash and non-cash form in a 1: 1 ratio. It will have a two-tier structure: financial institutions will be able to provide services to the population and businesses using this asset, and…

Polars Platform Launches Beta on Ethereum Testnet

Cryptocurrency NewsBy 06/05/2021

Polars, a decentralized platform developing the concept of polar tokens for the prediction market, has launched a beta version of the protocol on the Ethereum Rinkeby testnet. The Polars beta testing process is fun and practical. The developers have broken down the testing into several sequential stages, which users are encouraged to complete step by step. As a result, in the process, all smart contracts of the Polars ecosystem will be tested, and users will…

NYDIG creates infrastructure for direct purchase of cryptocurrencies through banks

Cryptocurrency NewsBy 06/05/2021

NYDIG has partnered with Fidelity National Information Services to create a system that allows US banks to offer cryptocurrency trading services to customers. Patrick Sells, head of banking solutions at New Digital Investment Group (NYDIG), said the companies will join forces to create a dedicated infrastructure. With its help, clients of American banks will be able to trade cryptocurrencies directly using their existing bank accounts. Several banks and financial institutions have already expressed their readiness…

Thailand regulator will oblige cryptocurrency exchange users to undergo KYC procedures

Cryptocurrency NewsBy 05/05/2021

Thailand’s Anti-Money Laundering Office (AMLO) intends to tighten requirements for cryptocurrency platforms – from July, users of such platforms will have to undergo KYC procedures. New users can now verify their identity by submitting documents online. However, if the requirements are tightened, Thai citizens will have to scan a chip embedded in their ID card, which will require customers to be physically present for the verification process. Residents of Thailand who are not citizens of…

US will test digital dollar with Accenture this year

Cryptocurrency NewsBy 05/05/2021

The Digital Dollar Foundation will partner with Fortune 500 consulting firm Accenture to launch five pilot projects this year to test the digital dollar. This was announced by Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC) and co-founder of the Digital Dollar Foundation. He said that over the next two months, the Digital Dollar Project will launch three pilot programs to explore the features and benefits of the digital US dollar. Giancarlo…

Bitcoin miners earned $ 1.7 billion in April

Cryptocurrency NewsBy 04/05/2021

If for Ethereum miners each of the last months has been marked by a record profit, then for Bitcoin miners April was a plateau – their profit showed a slight decrease to $ 1.7 billion. In March, Bitcoin miners received $ 1.75 billion in profit, and in April they earned $ 50 million less. At the same time, if we take into account that there are 30 days in April, and 31 in March, the…

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