Visa presented a solution for the interaction of cryptocurrencies, stablecoins and digital currencies of the Central Bank

Cryptocurrency NewsBy 01/10/2021

The new project of payment operator Visa on blockchain interoperability may become a universal standard for different types of public and private blockchains. Global payments giant Visa has unveiled a project to become a “universal blockchain adapter.” The new product creates a space where various cryptocurrencies, stablecoins and government digital currencies can interact. Visa has announced that a research group is working on a Universal Payment Channel (UPC) solution. The channel will become the hub…

South Korean regulator has banned employees of cryptocurrency exchanges from trading tokens of their site

Cryptocurrency NewsBy 30/09/2021

Shortly after the closure of 35 unregistered cryptocurrency exchanges, the South Korean regulator banned exchange staff from selling tokens issued by these platforms. The South Korean government has introduced an additional clause to the Financial Institutions Reporting Act (FTRA). According to a statement from the Financial Services Commission of South Korea (FSC), trading platform operators (VASP) and their staff are prohibited from trading the tokens issued on the site. The Conflict of Interest Rule also…

China tests digital yuan apps in Xi’an

Cryptocurrency NewsBy 30/09/2021

Against the background of the tightening of the ban on mining and the use of cryptocurrencies in China, the government of the country launched a large-scale campaign to build “Digital China”. The city of Xi’an, which has a population of about 6 million, has been selected to promote and implement pilot applications for the digital yuan. The project involves the National Bank of China (NBK), the province’s commercial banks, and the ministries of agriculture, industry…

China dealt a double blow to Bitcoin and Ethereum mining

Cryptocurrency NewsBy 29/09/2021

The two largest mining pools, F2Pool and Sparkpool, are forced to take drastic measures due to bans by the Chinese government. ASIC miner manufacturers and pools turned out to be the last major enterprises in China to be involved in the cryptocurrency industry. And the complete ban on operations with cryptocurrencies for business dealt them the last serious blow. The largest Bitcoin mining pool, F2Pool, denied service to miners from China. Thus, F2Pool, founded in…

Nigeria begins testing digital naira

Cryptocurrency NewsBy 29/09/2021

The government of Nigeria has launched a website to test digital naira, the country’s government cryptocurrency, and a digital wallet that can be tied to a bank account. The website says that digital naira is a “unique form of money” denominated in local currency and serves as both a medium of exchange and store of value. The site for testing the state cryptocurrency of Nigeria was launched earlier than originally planned. Digital Naira will be…

Ethereum developer Virgil Griffith partially pleaded guilty in the case of a trip to the DPRK

Cryptocurrency NewsBy 28/09/2021

Virgil Griffith pleaded guilty to violating US laws by advising North Korean authorities on the use of blockchain and cryptocurrencies to circumvent sanctions. According to the website of the US Department of Justice, Virgil Griffith admitted before the judge of the District Court of the Southern District of New York, Kevin Castel, that he violated the Economic Emergency Measures Act (IEEPA). According to US Attorney Audrey Strauss, Griffith “agreed to help one of the most…

EMURGO Created $ 100M Investment Fund to Support DeFi and NFT on Cardano

Cryptocurrency NewsBy 28/09/2021

Two subsidiaries of EMURGO will invest in projects on the Cardano blockchain, which are in the early stages of development. According to the announcement of EMURGO, a new ecosystem development tool will soon be launched – an investment fund with a capitalization of $ 100 million. EMURGO is an international investment company, one of the three co-founding partners of Cardano, together with IOHK and the Cardano Foundation. Responsible for investment and project promotion. According to…

Canadian regulators questioned the legality of cryptocurrency exchange ads

Cryptocurrency NewsBy 27/09/2021

Canadian stock market regulators have issued a warning to local cryptocurrency exchanges against advertisements that violate securities law. The Canadian Securities Administrators Association (CSA) and the Investment Industry Regulatory Organization (IIROC) have issued guidelines for crypto exchange employees and managers that indicate signs of “illegal” advertising. Regulators posted the instruction on September 23, 2021 on the OSC website. The notice identifies “promotions and marketing strategies of cryptocurrency exchanges that violate securities laws and may affect…

Netflix will release a documentary on the QuadrigaCX exchange closure

Cryptocurrency NewsBy 27/09/2021

Next year, Netflix will release a film about the founder of the QuadrigaCX exchange Gerald Cotten, whose death led to the loss of access to cryptoassets by users of the site for $ 250 million. According to a Netflix press release, the documentary, titled “Trust No One: The Hunt For The Crypto King,” will tell the story of Canadian cryptocurrency exchange founder Gerald Cotten, who died on his honeymoon in India in 2018. The documentary…

New US bill will oblige the SEC and CFTC to define powers to regulate cryptocurrencies

Cryptocurrency NewsBy 24/09/2021

The US House of Representatives has included cryptocurrency in a version of its annual defense budget bill. According to the document, the SEC and CFTC must determine who will regulate the industry. The National Defense Authority Act, passed by the US House of Representatives, which sets out guidelines for defense policy and allocates costs within the priorities of the US military, includes a provision from the Remove Barriers to Innovation Act. The defense budget law…

Category Archives: Cryptocurrency News