Crypto Trends Weekly Jan. 8 – 14
    17 Jan 2022

    Breaking crypto news from the last week (Jan. 8 – 14, 2022): Jan. 8: As Turkey’s economy remains in turmoil, with inflation rising to 36%, its currency has lost 44% of its value against the US dollar since this time last year. Meantime, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of…

    Pakistan’s central bank reportedly plans to ban crypto
    17 Jan 2022

    Pakistani government and its central bank have recommended banning cryptocurrency, arguing in a document submitted in a provincial court that allowing it would cause capital flight. Reuters reported that an official report recommends declaring all cryptocurrencies illegal, citing local media. The Sindh High Court has been hearing a constitutional petition filed in 2019, which seeks…

    Jack Dorsey’s Block is developing an open-source Bitcoin mining system
    17 Jan 2022

    Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized. Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…