Category Archives: Cryptocurrency News

The Central Bank of Israel will expand the study of the benefits and risks of implementing the digital shekel

The head of the Bank of Israel project to launch the digital shekel, Yoava Soffer, as part of the program to launch the digital currency of the Central Bank, announced the continuation of the study of cryptocurrencies. Yoav Soffer, responsible for the launch of the state digital currency of the Bank of Israel, said that Israel is expanding its research into digital currencies of the Central Bank. As part of this initiative, the regulator’s unit…

Study: Crypto ATM market will grow to $1.88 billion by 2028

The analytical company Grand View Research believes that one of the growth factors for the crypto ATM market will be the trend of consolidation of ATM manufacturers and crypto ATM operators. Grand View Research released a report stating that the cumulative value of crypto ATMs worldwide reached $75.01 million in 2021. The authors of the report predict that the compound annual growth rate will increase by 59.2% in the next six years and by 2028…

Walmart enters the realm of NFTs and the metaverse

According to filings with the US Patent and Trademark Office, Walmart, the largest US retailer, is preparing to enter the NFT space, as well as launching its own cryptocurrency. New trademark applications were filed with the United States Patent and Trademark Office (USPTO) on December 30, 2021, according to CNBC. In total, seven applications were submitted, according to which Walmart plans to create and sell virtual goods. In a separate filing, the company said it…

The Australian Open Grand Slam can be visited in the Decentraland metaverse

The Australian Tennis Federation has entered into a partnership with the Decentraland platform. The Australian Open Grand Slam will be the first to be played in virtual reality. The Australian Open kicks off today, January 17th. Sports venues located in Melbourne, including the Rod Laver Arena and Grand Slam Park, were modeled on the Decentraland platform. Users will also have access to broadcasts of tennis matches and Australian Open radio. More than 300 video cameras…

Visa: 24% of small businesses are ready to accept payments in cryptocurrencies

US payment company Visa conducted a survey of small businesses in nine advanced economies. It turned out that a quarter of entrepreneurs are ready to accept payments in cryptocurrencies already now, in 2022. Visa representatives interviewed representatives of 2,250 small companies with 100 employees or less in the US, Brazil, Germany, Hong Kong, Ireland, Canada, the United Arab Emirates, Singapore and Russia. According to the report on the results of the study, 24% of those…

Head of Noll Historical Consulting: “Cryptocurrency has the right to be considered both a currency and a security papper”

President of the American company Noll Historical Consulting Franklin Noll tried to prove with an example from the history of the US Treasury that cryptocurrencies can be recognized as both a means of payment and a security. The financial historian’s statement came in the wake of the ongoing debate about the status of cryptocurrencies. The final generally accepted answer to the question of whether a cryptocurrency is a security or not does not yet exist.…

The volume of funds under the management of the BITO fund decreased to $ 1.16 billion

In October, ProShares launched the first U.S. Bitcoin futures ETF under the ticker BITO. A few days later, the amount of funds in the fund exceeded $ 1 billion, but now interest in it has decreased. The number of bitcoin futures in the fund as of January 11 was 4,904, which is equivalent to $ 1.16 billion. About the same amount was invested in BITO two days after launch, and in November the fund managed…

PaySafe: more than 50% of investors called cryptocurrencies the future of world finance

According to a survey by the PaySafe payment system, 54% of cryptocurrency holders in the US and UK are confident in their future dominance as a global means of payment. Yesterday, the company published the results of its own research, according to which almost 60% of respondents expect an increase in the presence of cryptocurrencies in e-commerce in 2022. However, less than half of investors hope that offline stores will accept any of the cryptocurrencies…

Georgia will start fighting miners abusing free electricity

The Ministry of Economy of Georgia plans to solve the problem of miners using free electricity with the help of local self-government bodies of Svanetia and Energo-pro Georgia. In the Svaneti region of northwestern Georgia, the expansion of mining farms has led to protests by local residents. The miners use electricity that the authorities supply to high-mountain villages free of charge. As a result, the networks cannot cope with the load, which is why periodic…

Hydroelectric power plant in Costa Rica used excess electricity for mining

A power plant on the Poas River near the Costa Rican capital, San Jose, lost some of its profits during the pandemic when the government bought less electricity. The owner of the station found a use for unclaimed electricity. For thirty years, the plant operated without interruptions, but in the spring of 2020 the enterprise had to be closed for nine months, said the owner of the hydroelectric power station, Eduardo Cooper: “After a long…