While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President
Russia announced the development of special institutions in order to mine cryptocurrencies and transfer them internationally through certain legislation. As per the recent updates of BRICS nations, the payments over international settlements are taken into revaluation for legitimizing the crypto transactions. Being a low-cost energy consumer, Russia has provoked financial
TORONTO–(BUSINESS WIRE)–$ETHC–Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC) is pleased to celebrate a successful Shanghai upgrade (also referred to as the Shapella upgrade) — a major technical achievement by Ethereum developers that charts Ethereum on a path to a fully scalable, decentralized and secure blockchain. Ether Capital
The currency or method of payment used in international settlements is being reevaluated by a number of countries. On the one hand, several of them are working to lessen the role of the dollar in international trade. Moreover, several countries are beginning to legitimize cryptocurrency transactions. One nation making progress
Luno, a cryptocurrency exchange owned by Digital Currency Group, is discontinuing operations in Singapore. This change is part of Luno’s ongoing process of evaluating its “global strategy and presence,” the company said in a blog post. Furthermore, the company notified the relevant authorities in Singapore. That it was withdrawing its
Ripple has announced the official launch of Liquidity Hub, a new business service. According to the company’s official statement, it plans on getting onboard the first generation of users after a protracted stress-testing exercise. The first iterations of the liquidity hub will support the digital currencies Bitcoin (BTC), Ethereum (ETH),
Term Labs announced on April 12 it had successfully launched its first testnet auction, cleaning $22.4 million in USDC loans against ETH at 2.96% interest over a four-week term. “We were pleasantly surprised to see the auction clear within a few basis points of the current midpoint of Compound Finance’s
Introducing a dollar-pegged, Bitcoin-backed stablecoin, built without dependencies on banks HONG KONG–(BUSINESS WIRE)–Stabolut, a startup building a completely new worldwide payments ecosystem, today announced the launch of a decentralized, dollar-pegged, Bitcoin-backed stablecoin that is not reliant on banks, called USB. Available as of today, USB is a stablecoin issued under
On Thursday, the London Stock Exchange Group (LSEG) announced that beginning this year, it would facilitate trading and settlement for Bitcoin index futures and options derivatives. The London Stock Exchange (LSE) is now offering Bitcoin trading via a partnership with a digital trading platform. According to a report by Reuters
GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives GFO-X is authorised and regulated by the UK FCA (Financial Conduct Authority) to operate an MTF (Multilateral Trading Facility) LCH SA will introduce a new, segregated clearing service, DigitalAssetClear, for cash-settled Bitcoin index derivatives
