According to a recent poll by the Association of Forex Dealers (AFD), a significant percentage of Russian investors have lost interest in national currencies as interest in digital assets surge. The AFD reported that only about 14% of participants in the survey opted for fiat Investment, while a whopping 76.9% of investors opted for cryptocurrencies […]
Two top state-run Chinese banks, namely China Construction Bank (CCB) and Bank of Communications (Bocom), have ramped up editors to develop new use cases for the PBoC-issued CBDC (central bank digital currency). The behemoth financial institutions now collaborate with investment fund managers and insurance companies in line with their digital yuan (e-CNY) pilot projects. According […]
The President of Belarus, Alexander Lukashenko, has charged Belarusians to mine cryptocurrency with the available electricity surplus. President Lukashenko made the statement during a recent meeting with the state-owned company JSC Belaruskali, one of the world’s leading producers of potash fertilizers. The President noted that Belarusians are unwanted abroad, except for farming jobs. In a […]
Governor of the Reserve Bank of India Shaktikanta Das recently stated in an interview with CNBC that the apex bank plans on carrying out trials for its central bank digital currency (CBDC) before the year runs out. The governor noted that the trial aims to see how the proposed e-rupee would work with the Indian […]
According to local reports, the temporary ban on cryptocurrency mining instilled in the industry earlier this year by the Iranian Ministry of Industries, Mining and Trade might get lifted soon. The announcement came from the Iran Power Generation, Distribution, and Transmission Company, Tavanir. In an interview with ISNA News, Mostafa Rajabi Mashhadi—the spokesman for the […]
The largest cryptocurrency exchange in America, Coinbase, plans on expanding its crypto holdings on its balance sheet with $500 million according to a recent announcement by the firm’s CEO, Brian Armstrong. Although he did not mention the cryptocurrency Coinbase currently holds our plans to acquire, he noted that 10% of all profits would go into […]
Blockchain analytics company Chainalysis has recently posted some positive data for the cryptocurrency industry in its 2021 Cryptocurrency Adoption Index, which ranks for the adoption rate of crypto in 154 countries. The company published a preview of its 2021 Geography of Cryptocurrency report yesterday, which should get released in September. The report comprises the “2021 […]
The President and CEO of Columbia Investment Management Company (IMC), Kim Lew, notes that the cryptocurrency industry is more than what most people think of it and that the industry is “clearly here to stay.” The investment executive shed some light on her views on the investment potential of cryptocurrency in an interview with Bloomberg […]
The United States Department (DOS) has formulated a new initiative to curb the proliferation of cybercrime in the country. The initiative, which is termed the Rewards for Justice (RFJ), will offer up to $109 million in cryptocurrencies to anyone with credible information on the identification of state-backed hackers. The DOS was in attendance at the […]
