Crypto News

Putin Subtly Endorses Cryptocurrency

Putin Subtly Endorses Cryptocurrency

Russia’s President, Vladimir Putin, has subtly expressed his opinion concerning cryptocurrencies. Putin made a statement that signaled his readiness to accept cryptocurrencies for financial transactions in Russia in the future. Speaking during an interview with CNBC, Putin said that cryptocurrencies have a right to exist and to be used as a medium of transactional payment. Putin however mentioned that it is too soon to begin talks about accepting cryptocurrencies as payment for oil, Russia’s main export commodity. The Road to Cryptocurrency Adoption Cryptocurrencies have been backed for adoption by many countries in the future given the wide rate of acceptance,…
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Bitcoin Mining Company MintGreen Is Providing Heat For Vancouver

Bitcoin Mining Company MintGreen Is Providing Heat For Vancouver

Bitcoin has seen a meteoric rise since its inception. With this rise in popularity has come a corresponding increase in price, leading to massive profits across the board for crypto holders. With Bitcoin still being the ‘market decider’, its growth always spells good fortune for the rest of the crypto market and that has, in turn, led to increasing crypto adoption in different industries.  However, one problem that seemingly seems to go under the radar quite often is the downside that crypto mining and Bitcoin mining, in particular, has on the environment. The mining company, MintGreen, seems to have found…
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Largest Crypto Mining Equipment Producer in China has Halted its Sales

Largest Crypto Mining Equipment Producer in China has Halted its Sales

Bitmain is the largest hardware manufacturer for crypto asset mining, and it is planning to eradicate the sale of its equipment in the mainland of China, according to the reports. This is the result of an enormous amount of pressure put in by the government of China in order to stop crypto mining in the country because the Chinese government believes that it is increasing their carbon footprint, so it should be illegal in the country to mine crypto assets. Even though the company has not yet released a statement which suggests that they are suspending their sales in the…
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China to Add Crypto Mining to Negative List of Investment

China to Add Crypto Mining to Negative List of Investment

It seems that there is no way to get China on board with the idea of decentralization and accepting cryptocurrencies for what they are. Once again, the country is hell-bent on eradicating every trace or speck of decentralization from its borders. Recently China has announced to add crypto mining and other activities into the negative list of businesses to invest in. The very feud that China has with cryptocurrencies dates back to the mid-May crash when a severe crackdown was initiated by the government against crypto miners, and as a result, the hash rate of Bitcoin declined so rapidly that…
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El Salvador’s Chivo Bitcoin ATMs Are Now Present In Various US Cities

El Salvador’s Chivo Bitcoin ATMs Are Now Present In Various US Cities

El Salvador has managed to bring its Chivo Bitcoin ATMs inside multiple cities in the United States. The main reason behind bringing Chivo ATMs into US Soil is because it makes it much less difficult and inexpensive to transmit remittances outside of the US back to people in El Salvador. This is a great advantage for anyone living in the US, that can easily send remittances to their friends or loved ones in El Salvador. Locations for ATMs According to the thread of tweets posted by President Nayib Bukele, currently, around fifty Chivo ATMs have been registered in ten separate…
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China Has Tried Its Best To Contain Decentralized Crypto Industry

China Has Tried Its Best To Contain Decentralized Crypto Industry

China has been issuing ban after ban and policy after policy which doesn’t go in favor of the crypto community at all. There have been certain laws drafted and circulated by China in collaboration with various regulators and monetary offices operating within the country. Locals can’t buy crypto, trade it or do transactions of any kind that involves cryptocurrency as the source of money. International exchanges have been banned from serving the locals, and if they do so, they will lose their license to operate within China. If this was not enough, China has issued a brief statement in which…
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US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins

US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins

Everyone in the cryptocurrency community would agree that stablecoins play a crucial role in both the crypto market and industry. However, officials from the United States Treasury Department have stated that there are various risks associated with stablecoins that must be studied in detail, particularly regarding what would happen if an overwhelming number of traders chose to withdraw various stablecoins simultaneously. The U.S Treasury Department realizes that cryptocurrencies have become incredibly popular, and thus so too has the stablecoin market. As such, numerous discussions were had, which still continue to this day, about how to regulate the private stablecoins in…
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Senate Candidate Blake Masters Speaks In Favor Of Bitcoin

Senate Candidate Blake Masters Speaks In Favor Of Bitcoin

The crypto community at large is not happy with the decision of China imposing a complete ban on possession, trading, and mining of Bitcoin. A few months ago, the government of China decided to implement and introduce a detailed ban on the cryptocurrency industry under their jurisdiction. Some of the Bitcoin maximalists have called this act a totalitarian move by the CCP (Chinese Communist Party). On the other hand, many crypto analysts in the United States claim that Bitcoin is going to absorb the shock and come out even stronger from this incident. Blake Masters is one such personality. He…
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