According to a study by Harris Poll, 29% of US citizens surveyed know about the comic cryptocurrency DOGE, while only 21% of Americans have heard about the air. In just five years after the launch of Ethereum, developers have introduced the world to smart contracts, decentralized finance (DeFi) and the ability to profit from “profitable farming”. In addition, on the basis of the Ethereum blockchain, non-fungible tokens (NFT) are created, which today are in great

The Reserve Bank of South Africa and the Central Bank of Indonesia have begun exploring the possibility of launching their own digital currencies for retail payments. The Central Bank of South Africa announced that it has begun to study the technical potential of state-owned cryptocurrencies and their economic viability in general. The regulator will focus on how the possible launch of the digital South African rand will affect the country’s economy and its development strategy

DeFi platforms, including well-known and already proven ones, are still susceptible to hacks and attacks, despite passing security audits. At the end of April, EasyFi lost $ 6 million as a result of a hacker attack, and in February 2021 Yearn.Finance suffered $ 11 million in damage. However, these events are not the only examples of compromised DeFi projects, as a result of which people lost money. The total amount of damage from such attacks

Huobi Suspends Miner Services In China Due To New Regulatory Policy Cryptocurrency exchange Huobi has suspended some services and products in several countries and miner hosting services in China in response to a new policy of regulators in the country. At the end of last week, a meeting of the Committee for Financial Stability and Development of China took place, during which it became known that the Chinese authorities could ban mining and trading in

The Blockchain Research Institute (BRI) will open innovation centers in South Africa, Korea and the Middle East to raise awareness of blockchain among banks and financial institutions. BRI co-founder and chairman Don Tapscott said the independent think tank is already operating in European countries and Brazil. Its goal is to develop strategies for the implementation of blockchain and other emerging technologies at the commercial, government and community level. This year BRI intends to expand its

Hong Kong regulators intend to ban cryptocurrency exchanges from operating in the region without a license, as well as providing services to non-professional investors. Hong Kong authorities are concerned that cryptocurrencies may be used for money laundering. Particular attention is planned to be paid to the protection of user accounts due to the high volatility of bitcoin along with other cryptocurrencies. Regulators have previously been wary of digital currencies. Given the current market situation, they

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

Nym Technologies has announced the launch of staking on the Finney public testnet. The developers believe that this will help counter the spam attacks that the network was subjected to in the past year. The developers of the Nym project are creating a Data Mixing Network, a tool for hiding metadata at the network level. Network security is ensured by a decentralized network of nodes. According to the developer, the system provides “complete” confidentiality, allowing

President Joe Biden’s administration has proposed requiring cryptocurrency firms to notify the IRS of digital asset transactions over $ 10,000. The US Treasury Department released a report outlining tax compliance initiatives to close the tax gap. We are talking about the difference between the estimated amounts of taxes and those actually received. According to the US Treasury Department, in 2019 the state treasury “lost” $ 600 billion. If this problem is not dealt with, in

The Swiss bank Sygnum has launched custody services for the ICP token of the DFINITY project. It is planned to connect spot trading and lending. Sygnum co-founder and board member Manuel Krieger said ICP holders can store tokens in special secure wallets of the bank. Sygnum also intends to launch ICP spot trading, and later options on this crypto asset. In the future, the bank plans to offer loans in ICP, which will allow clients