Stablecoins are cryptocurrencies pegged to traditional currencies in order to prevent volatility, and the financial authorities all over the globe have mixed feelings about them. On the one hand, these are still cryptocurrencies, and therefore are fraught with potential danger. On the other hand, they seem to confirm the authority of fiat currencies, so prohibiting…
Though not one of the Gulf states, Turkey is a Muslim country with a significant influence over the entire region. And therefore, the cryptocurrency-related events there are also very important for all blockchain projects in the Middle East. On July 19, the Turkish Ministry of Treasury and Finance announced that the cryptocurrency bill is ready…
Europe is about to take a major step towards “Sinification” by introducing total control over the cryptocurrency operations of its citizens. European regulators decided that they had found a way of denying anonymity to any cryptocurrency dealings. Ever since the first real crypto boom in 2017, European financial regulators have taken an ambivalent position regarding…
This is more of an assumption, but the progression of events, the documents being adopted, and the author’s own information sources all indicate that the state digital currency of the Union State of Russia and Belarus could arrive completely out of the blue. The dramatic events unfolding in Belarus since August of last year are…
We have young people growing up today with experience dealing with money like no other generation before them. And while for people of the previous generation money is primarily coins, bills, and maybe also credit cards, in the minds of the youth, the word “money” has a lot more associated with it. Not the least…
New data from Cambridge University shows that the geography of mining has drastically changed over the last six months, and experts tell CNBC this will improve Bitcoin’s carbon footprint. By this May, China has been accounted for nearly 75% of all Bitcoin miners at its peak, according to the Cambridge Centre for Alternative Finance. But…