Russia considers using oil field by-products for ‘hybrid modules’ of Bitcoin mining

The exodus of Bitcoin miners from Chinese mining hotbeds has left a vacuum that many global players are scrambling to fill. It was recently noted that most of the lost hash power has been restored, thanks to renewed operations in North America. However…

China braces itself for CBDC rollout, companies to implement e-CNY payment pilots

Winter is coming and so are the Beijing Winter Olympics, in just four months. Yet, in spite of the falling temperatures, China is only heating up when it comes to rolling out its CBDC. Now, more businesses are joining in to spread the digital renminbi …

FCA report reveals competition and social media drive crypto investment in the UK

Owing to the volatile nature and a lack of awareness prevalent within the crypto industry, investors view cryptocurrencies through varied investment strategies. While many consider more established digital assets like Bitcoin and Ether to be investment…

Indian exchange, WazirX, had 377 requests from law enforcement agencies in 6 months

China’s ban on crypto transactions pushed the neighboring India to the fore when it came to populous countries seeing a rise in crypto adoption. Boosted by the relatively cheap cost of data, several Indian crypto exchanges have reported tremendou…

IMF: How regulators can ensure co-existence of private stablecoins, CBDCs

CBDCs are all the rage of late. While cryptocurrencies continue to be seen with skepticism by most regulators, the idea of a CBDC has grabbed a lot of eyeballs. In doing so, it has also stoked a lot of conversation around it. During a recent event, the…

Coinbase NFT: If you’re a creator, here is what you need to know

NFTs have been making a splash across the crypto-ecosystem. In fact, such has been the rage that one of the world’s biggest crypto-exchanges is now taking it seriously. The Coinbase NFT marketplace is due for launch before the end of 2021. After …

U.K sees 30% hike in crypto-linked frauds despite FCA’s warnings

According to the U.K Police, crypto-linked frauds have surged significantly in 2021. In fact, as per reports, victims lost over $200 million in the first nine months of the year alone. What’s more, the incidence rate has risen by 30%, when compar…

XRP Lawsuit: Ripple says discovery deadline extension would be ‘severely prejudicial’

The lawsuit filed by the United States Securities and Exchange Commission (SEC), against blockchain company, Ripple Labs for selling unregistered securities is inching closer to being a year old while showing no signs of settling soon. Even as the SEC …

Banks in France run ‘almost 500’ test cases in CBDC experiment

After the release of The Bahamian “Sand Dollar” CBDC around a year ago, China is steamrolling ahead with its own e-CNY program. Not surprisingly, other countries are feeling the time crunch. Yet, after months of quiet preparation, one large…

El Salvador: Chivo wallet disables frozen Bitcoin price feature, to ‘counter fraud’

Last month, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. Salvadoran President Nayib Bukele claimed that 2.1 million of his fellow citizens were using the government-b…