Russia is advancing its crypto strategy to circumvent Western sanctions. Deputy Finance Minister Alexey Moiseyev today said the country is exploring stablecoins to make payments with “friendly countries,” according to Russian state news agency Tass. The country’s biggest news agency quoted Moiseyev saying that Russia is working to “create bilateral platforms” with “tokenized instruments” to avoid using U.S. dollars and…
First were the lending platforms. Then the exchanges. Could mining pools be the next to go insolvent? That’s what has Bitcoiners concerned after Poolin – a Beijing-based Bitcoin mining pool that’s responsible for 10% of the overall Bitcoin network hash rate – announced a freeze on user withdrawals on Monday. Mining pools are groups of miners that unite their efforts…
21.co, parent company of crypto investment firm 21Shares, has raised $25 million in a funding round led by London-based hedge fund Marshall Wace. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners. The raise puts the company’s valuation at $2 billion, with 21.co now claiming to be “Switzerland’s largest crypto unicorn.” 21Shares today announced…
Nigeria seeks to create a special economic zone for bitcoin and cryptocurrencies. NEPZA is in discussion with Binance and Talent City to establish a partnership. The economic zone will reportedly mirror the Dubai Virtual Free Zone. Nigeria is seeking to create the first economic free zone for bitcoin and cryptocurrency in West Africa through the Nigeria Export Processing Zones Authority…
The Human Rights Foundation (HRF) has announced its latest round of donations totalling $325,000 in BTC, focused on furthering key elements of the Bitcoin ecosystem, per a press release sent to Bitcoin Magazine. With this round of bitcoin donations, HRF is focusing on censorship-resistance, open-source custody solutions, Bitcoin Core development, Chaumian e-cash, and education across the globe. The largest contribution…
While Bitcoin and other cryptocurrencies are being increasingly used by criminals, the open nature of blockchain technology provides also provides authorities with a “key” new way to tackle organized crime. This was the general consensus among crypto specialists and financial investigators who last week gathered for the 6th Global Conference on Criminal Finances and Cryptocurrencies in The Hague hosted by…
One of the industry’s largest crypto mining companies, HIVE Blockchain, announced today that it hit record crypto mining production figures throughout August. The crypto miner claims to have unlocked an average crypto haul of approximately 9.4 Bitcoin (~$187,500) and 97 Ethereum (~$161,000) per day. At today’s prices, HIVE claims to be generating almost $350,000 in crypto every day. HIVE says…
Tesla CEO Elon Musk said yesterday that “90% of [his] comments are bots,” sharing a screenshot of various fake accounts of Binance boss Changpeng Zhao replying to Musk. “Twitter please, I see enough of my boss already,” responded Binance’s official Twitter account. “Can you help so I don’t have to see him 99x more each day?” Zhao joined soon after,…
Trezor, the company behind one of the most popular crypto wallets, has teamed up with privacy project Wasabi to bring CoinJoin mixing to Bitcoin transactions on its hardware wallets. The two projects confirmed the partnership via Twitter Monday. The idea is that users will be able to use CoinJoin on their Trezor devices for greater transaction privacy beginning next year.…
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.” In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on withdrawals” and it planned to temporarily stop payouts of Bitcoin (BTC)…
