Tehran is taking action to be able to bypass looming US sanctions by launching a cryptocurrency that would assist the Islamic Republic trade oil even without dollar. “We are trying to prepare the ground to use a domestic digital currency…
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Walmart to Develop its Own Libra-like Cryptocurrency
A new patent filing suggests that one of America’s largest retailers Wal-Mart may be developing its own U.S dollar-backed digital currency which will be similar to Facebook’s Libra. The patent was filed by the U.S Patent and Trademark Office (USPTO)…
El Salvador Makes Bitcoin Legal Tender
Despite the recent struggles that Bitcoin was facing, the cryptocurrency received a strong push by the Central American Nation, El Salvador on Wednesday as the country is going down in history as the first country in the world to adopt…
Vitalik Buterin: NFTs Can Do Much More than Benefit Rich Celebrities
Ethereum co-maker Vitalik Buterin trusts NFTs can be applied to socially pertinent causes like foundations and financing public products, yet the innovation is as yet seen as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper…
Experts Say New South Korean Rules Will Monopolize the Market
South Korea is going into a new chapter for its crypto industry, with stringent new standards set to go into effect from March 25 that will require all digital currency organizations to conform to new crypto reporting guidelines and registration…
Two Firms Have Bought More than $150 Million Worth of Bitcoin Miners
Bitcoin mining machines are rapidly rising in popularity. Two additional organizations — The9 Limited and Blockcap — have now bought an aggregate of 36,000 bitcoin miners worth more than $150 million from Bitmain. The9 Limited, a Nasdaq-registered Chinese gaming organization,…
EU Securities Regulator Warns of Risks in Crypto Investments
The European Securities and Markets Authority — the European Union’s independent financial authority — has warned about the high risks of crypto investment. In its most latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA dissected the effect of…
Bitcoin Now Worth More than Visa and Mastercard Combined
Bitcoin (BTC) accomplished more than hit $60,000 per coin a week ago — it also became worth more than the world’s three greatest banks consolidated. According to publicly available data, the biggest digital currency outperformed the three highest valued financial…
Tether Agrees to $18.5 M Settlement with Bitfinex and Submits to Quarterly Reporting
Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities claimed that Tether distorted how much Tether (USDT) coins were upheld by fiat security. The settlement requires Bitfinex…
Digital Artwork Sells for $6.6M on Winklevoss-Owned Marketplace
Artwork represented by a non-fungible (NFT) token has sold for a record-breaking amount of $6.6 million in the ether cryptocurrency. As indicated by a tweet from NFT marketplace center Nifty Gateway on Thursday, “history has just been made” with the…