The People’s Bank of China has just issued a notice to several financial institutions regarding the facilitation of cryptocurrency transactions. The apex bank noted that it discussed the cryptocurrency issue with financial institutions like the Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank, Industrial Bank, and the Alipay […]
There are many ways to buy cryptocurrency now. This is mining, buying on an exchange, or purchasing directly from other owners. Sooner or later, the moment comes when it becomes necessary to use cryptocurrency exchangers to exchange fiduciary money – the usual rubles, euros or dollars. This is primarily due to the fact that world […]
As the Chinese government continues to crack down on Bitcoin mining and cryptocurrency use in the country, the Sichuan power plants have received orders to cease servicing Bitcoin miners in the region. The new development got reported by the Ya’an municipal government. An insider told local media house Panews that the Sichuan Ya’an Energy Bureau […]
Authorities in the partially recognized South Caucasus republic, Abkhazia, have identified and shut down eight crypto mining farms over the past two weeks. This clampdown involved mining facilities that operated in breach of the country’s ban on cryptocurrency mining. According to an official statement on the Ministry of Interior’s website, Abkhazian authorities have disconnected over […]
According to a recent survey carried out by the Financial Times, hedge funds are likely to increase their cryptocurrency exposure to 7% by the next five years. This report comes after prominent hedge fund names like Stan Druckenmiller, Paul Tudor Jones III, SkyBridge Capital, and more increased their involvement in the crypto industry. Based on […]
Introduction Bitcoin’s 2021 bull run has dominated media headlines. BTC has gained over 100% in under two months, making it perhaps the best performing tradable asset so far. Almost every week, Bitcoin shattered its previous price records, reaching historic highs of $61,354.14. Although it has since parred some of the gains, analysts estimate that it […]
At the bankers’ committee meeting yesterday, Rakiyat Mohammed, the Director, Information Technology Department, Central Bank of Nigeria (CBN), revealed that the apex bank would launch a Central Bank Digital Currency (CBDC) before the year runs out. The director noted that: “As I said, before the end of the year, the Central Bank will be making […]
Some Kenyan banks have begun disbursing warning alerts to their clients to avoid engaging in cryptocurrency transactions due to the associated risks. These warnings got sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.” According to a local report, NCBA bank Kenya has advised its clients “not […]
According to the Minister of Economic Affairs and Finance of Iran, Farhad Dejpasand, the country is getting closer to fulfilling its income tax targets. The minister noted that the adoption of new technology, like blockchain, has helped Iran grow its revenue and currently accounts for a third of the budget revenue growth. Dejpasand noted that: […]
