Category Archives: Cryptocurrency News

China dealt a double blow to Bitcoin and Ethereum mining

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

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

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

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

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

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

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…

BlackMatter hackers demand a ransom of $ 5.9 million in cryptocurrencies from a farm cooperative

A group of hackers BlackMatter attacked the Iowa-based New Cooperative farmer’s cooperative, demanding a ransom in cryptocurrencies in the amount of $ 5.9 million to unlock the data. New Cooperative sells grain to farmers. A New Cooperative employee told local media that the hackers used ransomware to block files containing supply chain information as well as feed distribution schedules for chickens, pigs and cattle. To unlock the files, the attackers require the cooperative to pay…

HSBC CEO: “digital currencies of the Central Bank will develop the economies of countries”

Noel Quinn, CEO of HSBC, which manages $ 3 trillion in assets, called the digital currencies of the Central Bank “a new form of money.” Quinn published an article in which he stated that government stablecoins can be considered legal tender as they are backed by central banks and governments. This proves their transparency and stability, and also avoids many of the risks inherent in private stablecoins and public cryptocurrencies, says Quinn. He sees many…

Ripple and the Central Bank of Bhutan will test the state cryptocurrency

The Royal Monetary Authority of Bhutan will begin testing the national digital currency in partnership with Ripple, according to the Japanese publication Nikkei. The San Francisco-based company is integrating its distributed ledger technology into Bhutan’s existing payment system using its CBDC Private Ledger product. During testing, the national digital currency will be used in international and domestic payment transactions. Ripple CEO Brad Garlinghouse said that his company aims to create a platform that will allow…