Category Archives: Cryptocurrency News

Chinese metropolitan city begins paying digital yuan for metro services

The metro operator of the Chinese city of Ningbo in the northeastern Chinese province of Zhejiang, as part of the popularization of the state digital currency, offered passengers a bonus for paying for a trip in e-CNY. Ningbo Rail Transit said all 125 stations operated by the operator will accept the digital yuan as payment for transportation services. The company announced that 9.5 million citizens and visitors can now pay for metro services through the…

The Australian regulator warned about the risks of investing in crypto assets

The chairman of the Australian Securities and Investment Commission called cryptocurrencies extremely volatile assets with a high level of risk. Following a recent statement from the Australian Department of the Treasury about strengthening oversight of cryptocurrencies, the head of ASIC, Joseph Longo, noted that one of the key tasks of the regulator is to warn the public about the risks associated with crypto assets. According to him, the popularity of cryptocurrencies among young people has…

Galaxy Digital called for the protection of digital property rights in the metaverse

Investment firm Galaxy Digital, after reviewing metaverse policies in the market, said that no company creating virtual worlds guarantees the protection of game property rights. Galaxy Digital posted a report expressing concern that the metaverse could not become truly decentralized unless action was taken to protect users’ digital property rights. The authors of the report noted that if digital property in the metaverse were owned by companies and not by users, then it would be…

US authorities are studying the impact of four mining companies on the environment

Amid the global crackdown on PoW cryptocurrency mining, the U.S. House of Representatives Committee on Energy and Commerce is looking into the energy and climate impacts of four major mining companies. As part of its oversight of the environmental and energy impact of blockchain, the agency sent letters to mining companies Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining. The committee is asking what actions companies are taking to mitigate the environmental…

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…

Australian gas station network began accepting payments in cryptocurrencies

The Australian network of gas stations and roadside stores On The Run announced the launch of support for cryptocurrency payments at all 175 points of the network. Initially , it was assumed that support for cryptocurrencies would be added in July, but the implementation of the project was a bit delayed. However, as Karl Mohan, the manager of the Crypto.com exchange for the Asia-Pacific region, emphasized, it took only 8 weeks to test and fully…

EU lawmakers want to restrict banks from using cryptocurrencies

The European Green Party has submitted its amendments to the legislation, which increase the capital requirements for banks using cryptocurrencies. European Union (EU) Green Party MP Ville Niinistö has proposed amendments to the Financial Services Act that would restrict European banks using cryptocurrencies. The document states that crypto assets that are considered excessively volatile or risky and fall under class 2 will be rated as “cautious” as possible. This essentially means that they will not…

The network of luxury hotels Soneva began to accept payment in cryptocurrency

Booking service for luxury hotel chain Soneva, located in Thailand and the Maldives, said that guests of the resorts will now be able to pay for services with cryptocurrency. Soneva is developing a crypto payment acceptance program in collaboration with crypto solution provider TripleA and payment platform provider Pomelo Pay. So, payments in BTC and ETH became available for guests of the resort in the Soneva Fushi, Soneva Jani and Soneva in Aqua complexes in…

Artificial intelligence will help traders in trading cryptocurrencies

The developers of the Letit trading terminal have created a neural network that predicts the price movement of cryptoassets. This automates trading and saves traders from boring routine work. The popularity of trading cryptocurrencies is growing, despite the decline in the crypto market. According to various estimates, the number of digital owners who regularly perform trading operations exceeds 50 million. But only a few manage to succeed in this rapidly developing and restless market. The…

Coinfirm: “Cryptocurrencies are better protected from money laundering than traditional finance”

The head of development at Coinfirm is confident that the development of AML and KYC has made it difficult to use cryptocurrencies for illegal transactions and this has attracted new investors to the industry. Durgham Mushtaha, business development manager at Coinfirm, an analytics company, said that unlike fiat currency, transactions with crypto assets are much easier to track using anti-money laundering (AML) tools. He added that the introduction of “Know Your Customer” (KYC) procedures for…