Since the beginning of the Persian calendar year (March 21, 2022), Iranian police have detected and confiscated 9,404 illegal cryptocurrency mining devices. Most of the installations, about 7,000, were confiscated in June. The head of Tehran’s electricity distribution company, Kambiz Nazerian, told local publication Iran International that the devices were...
The attackers found a vulnerability in the system, seized administrator rights on the server, and set up sending funds incoming to the machines to the address of their wallet. General Bytes, which has offices in the Czech Republic and the United States, operates 8827 crypto ATMs in 120 countries around...
The Swiss watch company Franck Muller has begun accepting payment for watches in BNB cryptocurrency, the native token of the Binance exchange, as announced on Twitter by the head of the crypto platform, Changpeng Zhao. Before that, an auction was completed on the Binance NFT trading platform, held as part...
In the US, there is a Bakkt company. The Atlanta-based subsidiary of Intercontinental Exchange (ICE) (the US company that owns the New York Stock Exchange) is currently developing an open, seamless, and globally accessible digital asset trading platform. So, a new study by Bakkt showed that more than a third...
Crypto project Solana opened its first offline store, which is located in Manhattan, one of the most expensive areas of New York. The Solana network positions itself as a faster alternative to the Ethereum blockchain, supporting smart contracts, NFTs, and various decentralized applications. Last year, the SOL network token rose...
The Central Bank of Argentina (BCRA) has restricted crypto traders from accessing the single currency exchange market and from buying US dollars at the official rate. The ban applies to anyone who has purchased bitcoin or other digital assets using the Argentine peso in the last 90 days. The initiative...
The Taiwan Financial Supervisory Commission (FSC) issued an explanatory note to banks. It states that banking institutions should not process transactions of virtual asset providers (crypto exchanges) with buyers using bank cards. In the document, the regulator warned about the risks associated with cryptocurrencies and gave financial institutions three months...
Specialists of rehabilitation centers report the emergence of a new type of addiction. Along with alcoholism, drug addiction, workaholism and gambling, doctors are increasingly faced with the appeal of people addicted to crypto-trading. The rehabilitation centers of the Clinic of Dr. Isaev recorded an increase in the number of patients...
Shiba Inu and Dogecoin holders can now use their cryptocurrencies to pay for luxury yacht services. As experts explain, this is due to the growing use of cryptocurrencies in the yachting industry. Several leading brokerage firms now accept payments in cryptocurrencies for the purchase and rental of yachts. One such...
Circle has published a detailed report on the reserves backing the USDC stablecoin. As of June 30, 2022, the stablecoin capitalization was $55.57 billion, and the collateral was $55.7 billion. Of this amount, 13.58 billion in fiat currencies are placed with regulated banks: Bank of New York Mellon, Citizens Trust...
The U.S. arm of South Korean ATM maker Hyosung has signed a partnership with cryptocurrency provider DigitalMint that will allow the purchase of bitcoin at the firm’s 175,000 ATMs located in the U.S. However, it is up to device operators to decide if they want to enable this service. Therefore,...
Due to the record heat that is in Texas, industrial miners have been forced to turn off their mega-farms. Mining giants such as Riot Blockchain Inc., Argo Blockchain Plc and Core Scientific Inc. are among the companies that have suspended mining. Texas Blockchain Association President Lee Bratcher said: “Bitcoin mining...
The Financial Stability Board (FSB), which includes treasury officials and central bankers from the G20 countries, is working to create global rules for cryptocurrencies. The main part of the rules will focus on recommendations for managing stablecoins. This became especially relevant after the collapse of the Terra ecosystem. “Crypto assets,...
The world’s largest payment network Visa has launched an exclusive VIP credit card called “bitcoinblack” in the United Arab Emirates with support for cryptocurrencies. So far, only 10,000 participants around the world who have added themselves to the white list can use the card. It allows you to convert bitcoins,...
Uzbekistan has allowed bitcoin mining, but only with the use of electricity “produced by a solar photovoltaic plant.” This follows from the order published on the portal for discussing draft regulatory legal acts. The law specifies that Bitcoin miners will only have the status of legal entities, and they are...
Despite the storm in the cryptocurrency market, some universities in various countries see the need to introduce training courses to teach how to work with digital assets. So, the University of Cincinnati in the USA, Ohio, introduces two new courses studying digital assets and new financial technologies. University of California...
