Category Archives: Cryptocurrency News

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…

Thailand Introduces Capital Gains Tax For Cryptocurrency Traders

The Kingdom of Thailand is tightening regulations for miners and introducing a capital gains tax on cryptoasset transactions. While the Kingdom’s Ministry of Tourism is trying to stimulate the nascent crypto industry, attract crypto asset owners to the country and revive the coronavirus-affected tourism industry, these efforts are being thwarted by the government, which intends to further tighten regulation of cryptoasset transactions. According to a Bangkok Post source in the Thai Ministry of Finance, from…

South Korean presidential candidate will issue an NFT for campaign finance

The Democratic Party of South Korea is the first in the world to use collectible tokens for political purposes. The ruling Democratic Party of Korea (KDP) has announced plans to release an NFT featuring its presidential nominee to fund his campaign campaign. The fundraising plan involves accepting donations in cryptocurrency; in return, donors will be issued receipts in the form of NFTs with photographs of the candidate or his campaign promises. The election is set…

Moneygram acquired a 4% stake in crypto ATM operator Coinme

Payment operator MoneyGram has become a minority shareholder in crypto ATM operator Coinme. According to MoneyGram, the company’s investment policy is a continuation of the strategic partnership with cryptocurrency exchange Coinme, which the parties announced in May 2021. The integration of MoneyGram and Coinme will provide customers with a quick and easy way to conduct foreign exchange transactions, buy BTC for cash and withdraw money back to fiat. The parties do not disclose the actual…

Salvador will issue bonds in bitcoins for $ 1 billion

Bills to create legal support for the issue of Volcano Bonds denominated in bitcoins have been sent to the El Salvadorian Congress. El Salvador’s Finance Minister Alejandro Zelaya said that bills would soon be brought before Congress to ensure the legitimacy of the Volcano Bonds, Reuters reported. The government continues to work to create a legal framework governing the issuance of Bitcoin-denominated securities. The twenty bills to be approved in Congress are aimed at “providing…