Category Archives: Cryptocurrency News

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…

Central Bank of India created a department to develop digital rupee and cryptocurrency regulation rules

The Reserve Bank of India has formed a dedicated department that will deal with the development of the digital rupee and the creation of regulations for the regulation of the cryptocurrency industry. Ajay Kumar Choudhary has been appointed Executive Director of the new division, who will also lead the financial technology and risk monitoring departments of RBI. Now the Indian central bank is working on the creation of two types of digital rupee – for…

E-CNY wallet topped the charts of mobile app stores in China

The pilot version of the official digital yuan (e-CNY) wallet has become the most downloaded smartphone program in local mobile app stores. Launched in app stores on January 4, the digital yuan wallet became one of the most downloaded apps on Android and Apple devices in China the very next day, according to analytics platform App Annie. The number of downloads for the e-CNY wallet, which so far only operates in 11 cities, has exceeded…

Coinsuper exchange users went to the police due to the blocking of assets

Dozens of clients of the Hong Kong-based trading platform Coinsuper have contacted the local police due to the fact that they have not been able to withdraw assets totaling $ 55,000 from the exchange since the end of November. Clients of the Coinsuper cryptocurrency exchange told the Hong Kong police that their assets were blocked by the site operator for some unknown reason. Dozens of affected users wrote on Telegram that they cannot close deposits…

Samsung launches 837X flagship store powered by Decentraland

Korean electronics maker Samsung continues its NFT and metaverse development with the launch of an electronic version of its 837X flagship store on the Decentraland platform. According to Samsung’s website, the virtual store is replicating its physical prototype located in Manhattan, New York. The new store on the Decentraland platform was named 837X. “This is one of the largest ever for a brand to enter the Decentraland virtual platform,” Samsung said in a statement. A…

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…