Kosovo receives guidance from Council of Europe on crypto crime tracing
Kosovo’s Financial Intelligence Unit partners with the Council of Europe to improve crypto crime tracing skills and strengthen regulations on digital currencies.
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South Korean Government to Grant $3.2 Million to Blockchain Companies
Two South Korean ministries have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology.The Ministry of Science and ICT (Information and Communications Technology) and the Ministry of Information and Communication Industry Promotion will launch…
Bitcoin Miners Made $14 Billion to Date Securing the Network
All-time revenue for Bitcoin (BTC) miners has topped $14 billion, according to fresh data from Coin Metrics.As Yahoo! Finance reported on Aug. 30, despite the massive increase in the network’s hash rate — a factor that depresses the profitability of mining — there’s still more money in the game for miners than ever before. Bitcoin miner…
UK will likely need to issue a digital currency, says BoE deputy governor
The Bank of England's deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make general access to a digital form of central bank money crucial for ensuring financial stability in future.In a speech at the OMFIF Digital Money Institute in London, Cunliffe reflected on…
Is Blockchain Payments Integration in Messenger Apps Good for Crypto?
Many cryptocurrency analysts and industry representatives are predicting that the increasing integration of blockchain payments with messenger apps will comprise the catalyst for the next wave of mainstream distributed ledger technology (DLT) adoption.However, critics are warning that the blockchain payments integrated with messenger apps may undermine many of the core values underpinning cryptocurrency. They predict…
Following Balancer V2 protocol announcement, yield farming still in development
Automated market maker (AMM) Balancer announced today a widely-anticipated V2 of their decentralized exchange protocol, featuring a host of upgrades centered on “security, flexibility, capital efficiency and gas efficiency" — but yield farmers are left wondering about the all-important liquidity mining details, which are still in development. “The main architectural change between Balancer V1 and…
Oklahoma Senator Working on Bill for State-Backed Blockchain Institution
Oklahoma senator Nathan Dahm wrote a new bill for his state which looks to build a state-backed innovative financial institution around blockchain technology, establishing a new classification of institutions.Dated Jan. 15, 2020, the bill noted that the state-chartered financial institution will be “the central depository for virtual currency used by governmental agencies in this state.”Detailing…
Bitcoin tumbles below $47K wiping out October gains — Bear market begins?
The price of Bitcoin has fallen to two-month lows as volatility bites. 11261 Total views 36 Total shares Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000.The…
Global Chip Supplier Expects Low Demand for Crypto Mining, Offsetting Q4 Revenue Growth
Major global chip manufacturing firm Taiwan Semiconductor Manufacturing (TSMC) predicts revenue growth in Q4, but expects a counterbalance due to the low demand for crypto mining hardware, Reuters reports Thursday, Oct. 18.TSMC, the world’s largest independent semiconductor foundry, forecasts “modest” revenue growth in the fourth quarter, mainly due to solid sales of high-end chips for…