The United States has become the global epicenter for cryptocurrency (Bitcoin) mining following the mass migration of miners from China due to the clampdown by the Chinese government. The Chinese government took a hostile stance against the cryptocurrency industry to control financial risk in the region. China became the cradle of Bitcoin and crypto mining […]
Cryptocurrency has achieved yet another small victory as the Simón Bolivar International Airport of Venezuela, alias Maiquetía, plans to allow customers to pay for airline tickets with digital currencies, including Bitcoin, Dash, and Petro. Commenting on the latest development, the Director of the airport, Freddy Borges, noted that Venezuela’s crypto regulatory Sunacrip would organize the […]
Nasdaq-listed Bitfarms, a Bitcoin mining company, announced last week that it has initiated the creation of a “mega Bitcoin mining farm” in Argentina. Bitfarm noted that the facility would have the capacity to power thousands of miners using electricity obtained through a contract with a private power company. The facility will deliver over 210 megawatts […]
CEO of behemoth cryptocurrency exchange Bitmex Alex Hoeptner has made some brow-raising predictions for Bitcoin adoption. The Bitmex executive recently stated that: “My prediction is that by the end of next year, we’ll have at least five countries that accept bitcoin as legal tender. All of them will be developing countries. Here’s why I think […]
According to recent reports, over 20 crypto-related businesses in China have noted that they will cease operations amid the inhospitable crypto environment in China. The Chinese government’s inimical stance on the cryptocurrency industry is not a new development, as the government made sure to remind investors at every opportunity. In late September, the People’s Bank […]
According to new reports, the lower house of the Federal Assembly of Russia, State Duma, described cryptocurrency as a “dangerous financial tool” for private investors. That said, the government arm recently announced plans to implement a regulatory framework around trading cryptos. Commenting on the matter, Anatoly Aksakov—Head of the Duma Committee on the Financial Market—argued […]
According to a Brazil federal deputy, Aureo Ribeiro, Bitcoin (BTC) could soon become a recognized currency for payments in Brazil. Ribeiro noted that the potential approval of Bill 2.303/15, which focuses on cryptocurrency regulation, will create new uses for crypto holders, including purchasing houses, cars, and other products. These comments come following the approval of […]
A new report published by the Bank of International Settlements (BIS) and a group of central banks assert that digital currency can foster faster settlements and cheaper transfers. About two weeks ago, the head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, asserted that central banks must pick up the mandate and […]
The US Congress will vote on the $1 trillion bipartisan infrastructure bill on Thursday, and House Speaker Nancy Pelosi is confident a ruling will pass. According to the letter released by the Speaker’s office yesterday, a four-day debate will take place before the final legislation, which will help fund roads, bridges, schools, and many other […]
