Category Archives: Cryptocurrency News

Exxon Mobil Expands Natural Gas Mining Program

Exxon Mobil Corporation is expanding a pilot program to use surplus natural gas from North Dakota oil wells to power cryptocurrency mining operations. The pilot program of oil giant Exxon Mobil to mine cryptocurrency through the use of natural gas accompanying oil production was launched in January last year. Oil fields in the US are one of the main sources of methane emissions, a by-product of oil production. Crusoe Energy Systems power plants solve this…

South Korea will oblige cryptocurrency exchanges to comply with the Crypto Travel Rule

The South Korean government will oblige cryptocurrency exchanges to disclose information about the sender and recipient of transactions in the amount of $820 or more, in accordance with the recommendations of the FATF. The Crypto Travel Rule issued by the International Financial Action Task Force (FATF) requires Virtual Asset Service Providers (VASPs) to disclose information about parties involved in transactions greater than $1,000. At the request of the South Korean government, all cryptocurrency exchanges in…

New York State Assembly environmentalists vote to ban PoW cryptocurrency mining

The New York State Environmental Protection Agency approved a bill to ban the mining of Proof-of-Work (PoW) cryptocurrencies, including bitcoin, for two years. The bill was drafted under the auspices of the state’s Climate Leadership and Community Protection Act, which requires New York’s greenhouse gas emissions to be reduced by 85% by 2050. If the bill is passed by the New York State Assembly, the State Senate and signed by Governor Kathleen Hochul, then mining…

Tencent and Alibaba Tighten Rules on Their NFT Platforms

Chinese Internet giants are changing the behavior of NFT customers in order to protect the industry from government interference. Alibaba and Tencent have officially updated their terms of service, The South China Morning Post reported. Alibaba-owned platform Jingtan has announced that it will report users using bots or other software to bulk buy collectibles. The platform will also alert the police to any users found to be arranging an exchange outside of the platform. In…

BIS: Central banks will be able to exchange their digital currencies with each other

The Bank for International Settlements (BIS) reported on the successful completion of an experiment on the joint work of the central banks of four countries. The BIS Innovation Center has completed a pilot project of the Central Bank Digital Currency Experimental Platform (CBDC) for international settlements. The central banks of Singapore, Australia, Malaysia and South Africa participated in the project. The platform, called Project Dunbar, aims to facilitate direct cross-border transactions between financial institutions using…

The head of the CCI urged to speed up the launch of the digital currency of the Central Bank to protect the US dollar

Crypto Council for Innovation (CCI) CEO Sheila Warren believes that the technologies accompanying the digital yuan could undermine the hegemony of the US dollar. Sheila Warren, formerly head of blockchain and distributed ledger technology at the WEF, said the digital yuan will not be able to significantly impact retail payments in the US. However, she noted that the technologies accompanying China’s state digital currency could have a negative impact on the global dominance of the…

Goldman Sachs completed the first OTC options trading on Galaxy

One of the largest investment banks in the US, Goldman Sachs, was one of the first to conduct an over-the-counter transaction using a cryptocurrency option. Goldman Sachs has completed the first over-the-counter (OTC) option trading on Galaxy digital currency. The transaction was made in collaboration with Galaxy Digital, a crypto investment management company owned by Michael Novogratz. According to the announcement, the OTC transaction was granted in the form of a non-deliverable option (NDO) on…

Lossless: how a beginner can avoid common trading mistakes

Newbie traders face the same problems when entering the cryptocurrency market. How to avoid them and what to look for when choosing a cryptocurrency trading platform? Cryptocurrency as a tool for investment and earnings is becoming more and more popular. Instant success and quick earnings is a very real opportunity for advanced traders. However, when a tool provides many opportunities to make money, there are always just as many opportunities to lose money. Often, investors…

BlockFi reported a leak of user data via Hubspot

Cryptocurrency service BlockFi has announced the hacking of Hubspot partner servers and the leakage of personal data. User assets and site systems are secure. The cryptocurrency service BlockFi warned on Twitter that on March 18 there was a leak of information about users from the database of the partner company Hubspot, which is responsible for interaction with customers. “Hubspot has confirmed that an unauthorized third party has gained access to certain BlockFi customer data hosted…

New Jersey Parliament will consider banning officials from accepting gifts in cryptocurrencies and NFT

Two state lawmakers have filed a law in the New Jersey House of Representatives preventing government officials from receiving bribes in cryptocurrency. Legislature members Christopher Tully and Ellen Park have submitted a bill to the New Jersey General Assembly for approval that will prevent government officials from accepting irreplaceable tokens (NFT) or other digital currency as gifts. Co-author Christopher Tully said the law was aimed at fighting corruption through the use of cryptocurrencies. “It is…