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Nigerian Remittances Rebound as Country Tops Sub Sahara Africa — Sending Costs Still High
21.11.2021
Nigeria is once again Sub Sahara Africa’s biggest recipient of remittances into the region where the money transfers went up by 6.2 percent to $45 billion, a new World Bank report has shown. The Impact of Nigerian Policies on Remittances According to the November 17, 2021 press release, this...
10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Bill
20.11.2021
Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure bill. They explained that the current definition of a broker in the bill “would increase uncertainty in the cryptocurrency...
Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn
20.11.2021
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital...
Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
13.11.2021
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s....
Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment
12.11.2021
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply...
Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3
6.11.2021
Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year. Square’s Bitcoin Profit up 29% in Q3 In the company’s Q3 2021...
Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days
6.11.2021
In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While terrausd’s market cap jumped by 6.7% over the last month, the stablecoin DAI saw an increase of 27.3%...
FBI Public Service Announcement Warns of ‘Increased’ Crypto ATM, QR Code Fraud
5.11.2021
The Federal Bureau of Investigation (FBI), America’s domestic intelligence and security service, has published a public service announcement concerning fraudulent schemes associated with cryptocurrency ATMs and QR codes. The FBI’s warning, published on November 4, highlights...
Hive Blockchain Secures Order for 6,500 Next-Generation Bitcoin Miners From Canaan
30.10.2021
On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from...
Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest
29.10.2021
Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next...
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
28.10.2021
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in...
Bitcoin and Ethereum Stage Fresh Increase, SHIB Surges
28.10.2021
Bitcoin price remained stable above the USD 58,000 level. As a result, BTC staged a steady recovery wave above the USD 60,000 resistance. It is currently (12:00 PM UTC) trading above USD 61,000 and it might attempt an upside break above USD 62,000.
Besides, most major altcoins are recovering...
Valour Uniswap exchange-traded product to increase UNI exposure
26.10.2021
Valour Uniswap ETP, with UNI as the underlying asset, launches on the Boerse Frankfurt Zertifikate AG stock exchange
Bitcoin and Ethereum Show Signs of Fresh Increase
26.10.2021
Bitcoin price formed a base and climbed above the USD 62,000 resistance. BTC broke the USD 62,500 and even spiked above USD 63,000. It is currently (04:32 UTC) trading below USD 63,000, but it might increase towards USD 64,500 in the near term.
Besides, most major altcoins are showing positive...
Mariah Carey Offers Free Bitcoin Bonus to Encourage Fans to Invest in Crypto
24.10.2021
Mariah Carey has encouraged her fans to invest in cryptocurrencies. To help them get started, she is offering $20 in free bitcoin via her partnered cryptocurrency exchange. “A portion of your trade will go toward Black Girls Code, a non-profit helping to increase the number of women of color...
Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism
23.10.2021
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that...
Concierge Service Catering to Crypto Whales Sees 500% Increase in Clients Over the Last 6 Months
19.10.2021
On Tuesday, Concierge.io, the exclusive travel service backed by Travala.com announced it added new luxury services in order to give crypto investors “a more premium experience to live out their travel dreams.” The concierge service for “the crypto world’s elite”...
Bitcoin & Crypto Mining Costs Might Increase in Russia As Regions Complain
14.10.2021
Bitcoin (BTC) and crypto mining is causing power shortages in parts of Russia – and political leaders are wading in with interventions that could seek to limit miners’ output or crank up their energy costs....
Read More: Bitcoin & Crypto Mining Costs Might Increase in Russia As Regions Complain
Binance to Pump USD 1B Into Its Chain, Aims for Billion Users
12.10.2021
arget="_blank" rel="noopener noreferrer" href="https://www.newswire.ca/news-releases/binance-launches-1-billion-binance-smart-chain-bsc-fund-to-increase-global-crypto-users-to-1-billion-862993651.html">Per the press release, the platform has launched a USD 1bn Crypto Mass Adoption Fund for BSC,
Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With Bitcoin Trust Funds
11.10.2021
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this...