Brazil to be next in adopting Bitcoin as legal tender, 9th largest world economy
Today, the Brazilian government is on the verge of finalizing plans with the aid of the Central Bank. Brazil’s Federal Deputy, Aurero Ribeiro has noted in an interview that Brazilians will soon be able to buy houses, cars, and even McDonald’s with Bitcoin after the approval of its law Rhe move is an innovative and sustainable sector […]
Feds to assess benefits and risks of issuing a US digital currency
Acording to a new post from the WSJ The Federal Reserve plans to launch an assessment this week of the potential benefits and risks of issuing a US digital currency as central banks around the world experiment with the potential new form of money. Proponents say a digital dollar from the Fed could make it […]
Singapore Gives Crypto License to DBS Bank
Singapore granted licenses to the brokerage arm of DBS Bank Ltd. and Australian cryptocurrency exchange Independent Reserve to offer digital payment token services, building on the city-state’s status as a crypto hub. DBS Vickers received formal approval from the Monetary Authority of Singapore to provide digital payment token services as a major payment institution, it said in […]
ISW holdings to have record quarter reaching peak mining efficiency
ISW Holdings (name changed to BlockQuarry) of which Minerset is shareholder, announced in a press release that it will have its best quarter yet, as its mining operation reach peak efficiency. “We will unquestionably log our best quarter in Company history – by a wide margin – when the books close at the end of […]
China vowing to root out “illegal” activity in trading of bitcoin
China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity in trading of bitcoin and other virtual currencies and issuing a nationwide ban on cryptocurrency mining. China’s State Council, or cabinet, vowed in May to crack down on bitcoin mining and trading as part of efforts to fend off financial […]
Finance industry warns against ‘unnecessarily restrictive’ crypto capital rules
Industry groups representing banks, asset managers and the blockchain industry told the Basel Committee on Banking Supervision: Authorized proposal It would be too expensive for banks to join the fast-growing crypto industry and related technologies. In a letter sent Monday and seen by the Financial Times, the group said the group’s proposal to cover the $ 2 […]
AMC Theatres to accept Ethereum, Litecoin and Bitcoin Cash as payment method
AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can […]
Russian Central Bank to Block Crypto Exchange Transactions
In an official release, the Bank of Russia spoke of the need to stamp out internet-based “shadow economy”-related businesses. It called on domestic banks and e-pay operators to identify all accounts and e-wallets belonging to “illegal business activities” such as “cryptocurrency exchanges,” which it clumped together in the same group as “online casinos and lotteries,” “financial pyramid schemes” […]
Minerset provides ISW Holdings with close to $4M in New Mining Hardware
ISW announces it has acquired 400 state-of-the-art miners for its Stronghold, Pennsylvania, site bringing it to 54,000 TH/s. Minerset is a shareholder in ISW and has previously provided the company with hardware for their Georgia plant. “As we have discussed in our recent communications, we are actively engaged in expansion in both our hosting and […]
Ukraine to legalize Bitcoin – What does this new bill change?
According to the Ukrainian draft bill, the law will regulate “legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, the principles of state policy in the field of virtual assets”. Ukraine is the fifth country in as many weeks […]
