US Treasury Secretary Stephen Mnuchin said that billions of dollars are involved in Bitcoin and other cryptocurrencies involved in illegal activities. In his opinion, providers of digital money and traditional financial services should be equally regulated. "There are billions of bills of credit,” says Treasury Secretary […]
Finance
Benois Cur, head of the G7 working group on steablcoins, said that global steblecoin can provide faster and cheaper payments, spur competition in this sector and thus reduce costs, and can also involve more people in the financial system, reports Reuters. However, there are pitfalls: the risks associated with money laundering, terrorist financing, data security […]
In Kyrgyzstan, the State Service for Combating Economic Crimes (GSBEP) discovered a large mining farm that consumed about 7 megawatts of electricity – like several urban areas. This is reported on the official site GSBEP. The farm was registered under the guise of a computer lab. During the search, law enforcement officers seized more than 8,000 functioning devices for the extraction of cryptocurrencies. "According to the customs value […]
Brad Garlinghaus, head of California-based Fintech startup Ripple, agreed with US Treasury Secretary Stephen Mnuchin that cryptocurrencies could not replace fiat money, and also said that the head of the Ministry of Finance had consulted with him about the regulation of the crypto industry. He said this in one of the latest posts on Twitter. I agree that crypto is not likely to replace fiat […]
El Congreso de los Estados Unidos puede limitar la posibilidad de emitir criptomonedas para gigantes de TI 5 (100%) 1 Anticipándose a las audiencias de la próxima semana sobre el…
In anticipation of the next week’s hearings on the proposed Libra digital currency project for Facebook, a bill was introduced in the US, if adopted by which technology giants would not be allowed to create their own assets of this kind. About this writes The Block referring to sources familiar with the situation. According to the publication, a document called Keep Big […]
Anchorage, a company providing cryptocurrency custodial services for large investors, has attracted about $ 40 million as part of the B-series financing. Today we are excited to share the $ 40 million Series B led by @blockchaincap and growth of crypto finance. Read more: https://t.co/Jql1VRg0Oo – Anchorage (@Anchorage) July 10, 2019 […]
Investors in the Chinese investment scheme Wave Field Super Community, which many have associated with the cryptocurrency project TRON, can lose up to 200 million yuan ($ 29 million) as a result of fraud. In social networks, they criticize Justin San's CEO of the Tron Foundation for not responding to alleged fraudsters before they managed to raise funds, hiding behind the brand […]
A bill to regulate the blockchain industry in Cyprus will be ready later this year. This was stated by the Minister of Finance of Cyprus Harris Georgiades, reports Cointelegraph. He called the distributed registry technology "a new technological revolution, similar to the revolution on the Internet." The speaker of the House of Representatives Demetris Silluris also spoke about the advantages of the blockchain: “It is expected that the widespread introduction of this technology in the public and private […]
Huobi, a large cryptocurrency exchange, is going to launch its own public blockchain focused on services in the field of decentralized finance (DeFi). Reported by The Block. As part of the FinanceChain initiative, the marketplace has entered into a partnership with a startup Nervos. It is expected that the new platform will allow exchanges and other financial companies to launch their own blockchains, token up assets and provide various DeFi-services. In particular, FinanceChain […]