Last week, sources in the financial markets industry revealed that Russia’s central bank (Centrobank) wants to bar the country’s residents from buying Bitcoin and other cryptocurrencies. Consequently, one of the currently considered ways of doing so is to block certain merchant category codes (MCCs), a knowledgeable source revealed to Forbes today. An MMC is a four-digit …
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Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy. Stablecoin Issuance Jumps 3.5% There’s a great number of stablecoins …
According to the Dogecoin Foundation, the organization is working with Vitalik Buterin on constructing proof-of-stake (PoS) capabilities for the Dogecoin network. The “uniquely Doge proposal” is aimed at bolstering a “community staking” version of the protocol. Dogecoin Foundation Discusses the Project’s ‘Trailmap’ On December 23, the Dogecoin Foundation’s official Twitter account tweeted about the digital …
Justin Sun, the founder of the cryptocurrency platform Tron, revealed his plans to fly to space next year and is currently handpicking five individuals who will join him on the mission. The crypto entrepreneur disclosed he chose Jeff Bezos’ company Blue Origin for his space journey–revealing himself as the mysterious auction winner who bid $28 …
The Terra ecosystem has experienced parabolic growth this fall which culminated this Friday as its native cryptocurrency LUNA reached its all-time high of $100. LUNA’s growth was fueled by the significant traction UST, a stablecoin native to Terra, gained this month as it got listed on major cryptocurrency exchanges. Terra is breaking its own records …
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Tanzanians are embracing cryptocurrencies but more work still has to be undertaken in order to reduce the number of scams in the industry, a blockchain educator has said. In much of the year 2021, blockchain entities and proponents of the technology in Tanzania did much to bring this fintech to ordinary folks in that country. …
Marathon, one of the leading bitcoin mining companies in North America announced it has entered a new purchase agreement with Bitmain, a bitcoin mining machine manufacturer. This deal would allow them to acquire an undisclosed number of Antminer S19 XP models, an ASIC capable of delivering 140 TH/s while being more efficient than its previous …
The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies …
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Parity Technologies and Energy Web, a non-profit building operating systems for decarbonized energy grids, announced their joint plans to ”enable energy sector enterprises to run sovereign, customizable blockchains of their own or in partnership with other energy market participants”. According to the announcement, blockchains under the new Consortia Relay Chain will ”allow Energy Web market …
The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset market. Comprehensive Crypto Bill Coming up in US, Says Senator …
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Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti-ETH. “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed. Elon Musk Shares Why He’s Pro Doge …
US Senator Cynthia Lummis is planning to introduce a comprehensive digital asset policy bill next year, Bloomberg reported earlier today. The bill would cover everything from stablecoins to taxes and introduce a new regulatory body tasked with overseeing the crypto market. Integrating Bitcoin into the US financial system The Republican senator from Wyoming has a …
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Adam White, the executive founder of Bakkt, has officially announced his departure from the digital assets platform. White took to Twitter to announce that he will be leaving Bakkt, where he served as a chief executive officer and president of the firm. White had joined Bakkt in 2018, after leaving Coinbase, where he served as …
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With more than 1.4 million Unique Active Wallets (UAW) connecting daily to blockchain games, they surpassed DeFi and became the industry’s leading category this year, according to the BGA Blockchain Game Report 2021, recently published by DappRadar. While game dapps accounted for 49% of the blockchain industry’s total usage, game NFTs recorded over $4.5 billion …
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Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was …
