Economy

Iranian authorities, in cooperation with four local banks, launched a cryptocurrency to circumvent international sanctions, reports CryptoGlobe. According to the publication, a cryptocurrency called PayMon (from the Persian "testament") is provided with gold reserves. Financial institutions Parsian Bank, Bank Pasargad, Bank Melli Iran and Bank Mellat worked on the launch of the new payment instrument. It is expected that the asset will be presented on the Iranian over-the-counter platform […]

The daily rewards for mining blocks in the Ethereum network have dropped from 20,000 to 15,000 ETH after the bomb has been activated. Thus, a soft version of the “ice age” was launched, which will last until the activation of the hardfork of Constantinople, expected on February 27, writes Trustnodes. After upgrading the main network of Ethereum, the reward size will decrease from 3 ETH per block to 2 ETH, and […]

The speaker of the Federation Council, Valentina Matvienko, demanded that the adoption of bills on the use of digital technologies in the financial sector be accelerated. According to her, the relevant initiatives for almost a year lie in the State Duma "with virtually no movement." This writes Tass. Matvienko instructed Dmitry Mezentsev, head of the upper house economic policy committee, to find out what is holding back the adoption of draft laws, since the legal vacuum in this […]

Switzerland-based hardware maker Tangem announced that it will release “physical blockchain-banknotes” for the upcoming national digital currency of the Marshall Islands. This is reported in a press release. According to representatives of the startup, these “blockchain-banknotes” will be used to store the national digital currency Sovereign (SOV). The latter is intended to become an alternative means of payment in the territory of the Pacific state and be accepted along with the dollar […]