Thu, September 3

Russian State-owned Firm ‘Rostec’ Creates Blockchain-based SWIFT Alternative

The Novosibirsk Institute of Program Systems created CELLS. As a starting point, the system will be able to handle up to 100,000 transactions per second. Rostec, a Russian state-owned company, has developed a blockchain-based platform to let Russia and its partners conduct international settlements and store digital money. In the

June 5, 2022 2 mins read

New York Attorney General Cautions Investors Against Cryptocurrency Investments

According to James, the crypto market is “extremely unpredictable.” Bitcoin is now trading at under $30k at the time of this writing. On Thursday, New York Attorney General Letitia James issued a warning concerning cryptocurrency investments. Attorney General (AG) reiterated the view taken by other U.S. government authorities, including Attorney

June 4, 2022 2 mins read

Bitcoin (BTC) Price Consolidates Below $30K Level

The commentators have predicted that the current bear market will persist for longer. The price of BTC might fall between $22K and $24K. The Bitcoin (BTC) price has fallen below the $30k threshold yet again. The price of Bitcoin (BTC) recently had crossed the $32K mark. On the other hand,

June 4, 2022 2 mins read

KenGen Company May Provide Power to BTC Miners

BTC Mining farms are likely to be shifted to Olkaria, Kenya. The major concern of PoW will be struck out if KenGen comes into the scene. Recent news on BTC mines has increased, either its implementation of restriction or portal for a new opportunity. This news is regarding lateral, Kenya’s

June 4, 2022 1 min read

RBI Deputy Governor Weighs on CBDCs Following India’s Stance on Crypto

The RBI has long warned about cryptocurrencies being a threat. The Indian central bank is currently developing its own CBDC. RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) on cryptocurrencies, like bitcoin and ether, at a webinar organized by the International

June 4, 2022 2 mins read

Jack Dorsey Owned Block Partners With Apple to Offer ‘Tap to Pay’

A contactless payment system does not need extra hardware. Block’s shares rose by 7% to a new 52-week high of $89. Apple’s iPhone will be able to use Square’s ‘tap to pay’ payment function. The new technology is still being developed and will only be tested with a small number

June 4, 2022 2 mins read

Cryptocurrency Tax in India for Certain Transactions Likely To Be Exempted

Gifts of crypto will be taxed in the same way as any other asset. Cryptocurrency transactions are taxed at 30 percent under the Finance Act, 2022. The Indian government’s Ministry of Finance will likely announce the crypto tax in June. Hospitals that employ Blockchain technology and also earned points on

June 3, 2022 1 min read

Bitcoin (BTC) Price Plummets to $29.3K Significant Support Level

Indicators such as the Bollinger band have tightened their range. Bitcoin ETPs currently handle a record amount of BTC. For more than three weeks, the Bitcoin (BTC) price oscillated between $33000 and $28500. Since then, the coin’s price has dropped 9.42% and is now hovering around the $28500 support level

June 3, 2022 2 mins read

El Salvador Consecutively Postponed the Launch Of Bitcoin Bonds

El Salvador already lost over $35 million in investments. The country blames current market conditions and the Ukraine conflict for the postponement. El Salvador’s Finance Minister Alejandro Zelaya said the Bitcoin (BTC) bond launch will be postponed due to difficult market conditions caused by the ongoing Russia-Ukraine conflict and overall

June 3, 2022 1 min read

New York State Passes Bill Regarding BTC Mines Ban

BTC mines working on PoW are under the microscopic view of the NY State Senate. Mines are requested to change from fossil energy usage to renewable energy. The New York State passed a bill to ban Bitcoin (BTC) mining plants that run on energy obtained from fossil fuels. BTC and

June 3, 2022 2 mins read