The deputy head of the Bank of Japan, Masayoshi Amamiya, ruled out the likelihood of issuing a national digital currency, Reuters reported. According to the official, the issuance of such a means of payment would mean a waiver of fiat money. “Liquidation of cash will make the payment infrastructure inconvenient for the population, so the central bank will not take this step,” he stressed. In addition, Amamiya is concerned that the release of the digital yen will lead to the establishment of […]
Economy
The largest bank in Venezuela, Banco de Venezuela, will begin to accept the national cryptocurrency El Petro. The corresponding order was given by President Nicolas Maduro, according to CCN. Thus, the head of state issued an “urgent decree on the opening of Petro terminals in all branches of the Bank of Venezuela”. Note, there are about 790 Banco de Venezuela branches in the country. In the local crypto-community, the news was received with enthusiasm: “This is […]
Cuban authorities are exploring the possibility of cryptocurrency to bypass US sanctions and mitigate the effects of the economic crisis, reports Reuters. “We are exploring options for using cryptocurrency in our national and international commercial transactions. We are working on this together with scientists, ”said Minister of Economy Alejandro Gil Fernandez. However, according to the official, cryptocurrencies are considered only as one of the components of a broad plan […]
June 24 on YouTube-channel ForkLog the sixth edition of the video review “Cryptographic Analysis” was released. On the air of Xena.Exchange CEO, Anton Kravchenko told about Libra cryptocurrency, cryptocurrency options and bitcoin for $ 14,000. The purpose of the rubric is to conduct a fundamental analysis of the industry and talk about trends that affect the cryptocurrency market. New issues are published every two weeks. Editorial ForkLog […]
The blockchain development roadmap in Russia, developed by the Novosibirsk Institute of Software Systems (NIPS) and the Waves team as part of the state program “Digital Economy”, appeared in an open access in one of the Telegram channels. As the author of the channel points out, the “secret document” could be “merged due to an oversight,” since the link to it was allegedly discovered via the Pastebin web application. The document is available […]
Expectations to reduce the base interest rate of the US Federal Reserve are one of the reasons for the recent rapid growth of Bitcoin, as well as investor interest in the cryptocurrency market. About this in a conversation with CNBC, said the head of the department of credit strategies of Deutsche Bank Jim Reed. “If central banks are just as aggressive, alternative currencies will become much more attractive,” said the representative of the largest financial conglomerate […]
The Ministry of Economy of Abkhazia has prepared a draft law on the regulation of activities in the field of mining cryptocurrencies. It is reported by Sputnik Abkhazia. The draft law defines legal, economic and organizational-technical rules for the implementation of mining activities in the republic. "As a prerequisite for the implementation of this type of activity, the project provides for registration as a legal entity or an individual entrepreneur, registration with the tax authorities […]
The first cryptocurrency appeared in the midst of the deepest crisis since the Great Depression. All this time, Bitcoin has grown almost simultaneously with the S & P 500 index, often called the “barometer of the American economy.” The graph below shows that the emergence of cryptocurrency almost coincided with the bottom of the previous crisis: With the advent of “digital gold,” the confident recovery of the American economy began, fueled by quantitative easing. AT […]
The well-known cryptonews website CCN.com announced the closure after a significant reduction in the decline in mobile traffic. According to representatives of the news resource, the share of traffic from mobile devices declined by 71% soon after the June update of Google Core Update. “CCN was founded in the summer of 2013, its former name is CryptoCoinsNews. We existed for six years, being a kryptonovost site with the highest traffic. […]
The Russian State Atomic Energy Corporation ROSATOM and the Mail.ru Group signed a memorandum of cooperation for the development of the digital economy in the Russian Federation. The companies entered into a partnership during the St. Petersburg International Economic Forum (SPIEF). Within the framework of cooperation, the company will be engaged in the development, implementation and joint promotion of digital products in the field of cloud computing and IT infrastructure virtualization, big data management, artificial intelligence and […]