The Government of Iran has recently approved crypto mining operations by power plants in the country. According to reports, Mostafa Rajabi Mashhadi, who serves as Deputy Head of the Power Generation , Distribution and Transmission Company of the country, or Tavanir, has confirmed the approval as he addressed the IRNA on Monday 27 July. Iran […]
Italian Financial Institutions are Now Using R3 Corda Blockchain for Transactions
Italian banks have recently embraced the R3 Corda blockchain network to boost the authenticity of transactions in banks across the country. More banks are now transitioning from the legacy interbank reconciliation infrastructure to the blockchain platform as a major overhaul of the financial institutions. According to recent reports, as many as 55 banks, which constitute […]
Greek Ex Finance Minister Yanis Varoufakis: “Bitcoin will Make Capitalism Uglier, Nastier and More Dangerous for Humanity.”
In Greece, the former finance minister, Yanis Varoufakis, came forward and voiced his sentiments about the world’s leading cryptocurrency. By an open letter published on July 27, Yanis Varoufakis stated that Bitcoin’s substitution as fiat currency would not be a good idea, since the crypt would only make “capitalism uglier, nastier and more dangerous for […]
Famous Indian Youtuber Ajey Nagar Becomes the Latest Victim of Fake YouTube Bitcoin Giveaway Scam
Cryptocurrency giveaway scams that impersonate famous celebrities have been making the rounds for many years now. The latest victim of cybercriminals is a well-known Indian YouTuber, Ajey Nagar, where his gaming channel has been compromised to lure victims using a fake Bitcoin giveaway scam. The YouTuber is well known for streaming live video games with […]
Indian Prime Minister Endorses Blockchain Technology Publicly as an Investment Opportunity
The Prime Minister of India, Narendra Modi, has backed blockchain technology as an ‘opportunity in frontier technology’ reviving the desires of the crypto community for the country to be warming up for virtual assets. Like many other countries worldwide, India has seen a surge in the use of crypto assets. However, the conditions are not […]
Cyber Crimes On The Rise As Mexicans Express Concerns
In recent months, Mexicans have expressed their lack of trust in public cloud network security as cyber crimes and cryptojacking incidents spike. According to El Economista, approximately two-thirds of Mexican firms that use cloud networks such as Amazon, Microsoft , and Google report security issues that cause negative portrayals among Mexicans. Notably, due to their […]
The Central Bank of France Enlists Eight Financial Firms Services In Its Digital Euro Trials
The Central Bank of France has enlisted eight major financial sector firms to collaborate on its bid to pilot test the digital Euro. The partnership includes the digital currency testing as well as the interbank settlements of the central bank. The financial authority named firms includes Accenture, Euroclear, HSBC, LiquidShare, ProsperUS, SEBABank, and Societte Generale. […]
Philippines Initiates Plans To Dispense Government Bonds Through Blockchain-Based App
The Philippine Treasury Bureau, in collaboration with the Philippine Digital Asset Exchange and UnionBank, has entered efforts to develop a new blockchain-based mobile app to dispense government bonds. The move being labeled as the first issuance of treasury bonds to leverage UnionBank ‘s CEO, Edwin R. Bautista, on Blockchain technology, as reported by local press on 19 July. Blockchain-based app to make investing […]
Venezuela Outlaws Crypto Mining Activities in the Country
Venezuela has recently banned the trade in crypto mining in the country. The ban is mainly aimed at citizens who reside in all government-owned houses and in all their surrounding vicinity. In a maiden announcement on Friday, Minister of Habitat and Housing, Iidemaro Villarroel, said that the continued use of crypto mining could have an […]
A New Legislation to Regulate Digital Currency Payment Suggested by G20
A new digital currency payment bill proposed by the G20 is set to propel the adoption of cryptocurrencies to levels never seen before. The G20 countries announced on 11 July that they might introduce a regulatory framework to payment of digital currencies and allow “digital currency” instead of just cash payment methods. The Group of Twenty […]