Iran Will Utilize Its Bitcoin Mines to Pay for Imports
Iran has issued new regulations to direct Bitcoin that is mined in the country into the state coffers so that the government can use them to acquire various imports. This has been reported…
Bitcoin Transaction Fees Hit a New High Amid Rising Price and Hashrate Decline
The average transaction fee on the Bitcoin network hit a new high amid a record number of unconfirmed transactions and a decline in the hashrate. According to data provided by Glassnode, on October…
Huawei Presented the First Smartphone Supporting the Digital Yuan
The new smartphone Huawei Mate 40 carries built-in hardware adapted to operate the digital currency of the People's Bank of China. The device will enable one to conduct operations with the digital yuan…
The Digital Yuan is Aimed Against the US Dollar, Former People’s Bank Governor Says
Zhou Xiaochuan, the current head of the Chinese Finance Association and a renowned former governor of the People’s Bank of China, believes that the country’s introduction of digital currency is in favor of…
Coinbase Launches Cryptocurrency Visa Debit Card for US Residents
Coinbase, the well-established American crypto platform, is launching debit cards with Bitcoin cashback and Stellar for US users in cooperation with Visa. The company invited its clients to sign up for a pre-order to…
Bitcoin Is No Longer “A Risky Asset”, Mike Novogratz Says
Galaxy Digital CEO Mike Novogratz believes that Bitcoin has already become an integral part of the global financial market. The impending risks that were associated with investing in BTC have decreased significantly. The…
End of the Rainfall Season in Sichuan Triggers Bitcoin Hashrate Decline
The amount of computing power on the Bitcoin network has been in decline since October 24. This is due to the seasonal migration of Chinese crypto miners - they move to the provinces…
A Tech Giant Adopted the JPMorgan Stablecoin for International Payments
JPMorgan has started working with a large technology company, which plans to utilize the JPM Coin for round-the-clock transfer payments, as reported by CNBC referring to the head of the wholesale payment department…
The Largest Bank in Southeast Asia Launches a Crypto Exchange
DBS Bank, Singapore's largest bank in terms of assets under management, believes the future belongs to digital assets. The bank announced its plans to launch its own cryptocurrency exchange. The exchange, called DBS…
The Federal Reserve Proposes Definition of Currency to Include Cryptocurrencies
The US Federal Reserve, working in cooperation with the Financial Crimes Enforcement Network, is currently looking for feedback on their proposal to lower the amount at which financial institutions must seek and collect…