European Central Bank has proposed a ban on cryptocurrencies. Yes, but the ban is not on all cryptocurrencies, only on those with excessive ecological footprint. In other words, they want to ban all cryptos that make use of Proof of Work (PoW) that make use of ASIICS or graphics cards to mine new transactions, blocks and keep blockchain network secure.Continue reading “European Central Bank wants to ban cryptocurrencies”
STAX is new Ledger hardware wallet – Ledger STAX price
Ledger has been behind couple of amazing hardware cryptocurrency wallets – Nano S and Nano X. Today, it is launching something revolutionary – STAX and it is beautiful. It has been launched in partnership with famous iPod creator Tony Fadell.Continue reading “STAX is new Ledger hardware wallet – Ledger STAX price”
Canadian Bitcoin users will have to provide recipient information to exchanges
Canada will be introducing some changes that will go in effect on April 1st 2022 where you will be required to provide information about the receipt of that transaction and that includes their name and address. This will only apply to those who are transacting more than 1000 CAD, no for small payments you will not have to provide any information. Coinbase and other cryptocurrency exchanges have already sent out messages about it to their users.Continue reading “Canadian Bitcoin users will have to provide recipient information to exchanges”
Iran to allow businesses use Bitcoin for International payment settlements
There is a known fact that Iran’s native currency has not been doing well from past few years. This is chiefly due to sanctions imposed on it. Central Bank of Iran has come up with a brilliant idea that will allow local businesses to make use of bitcoin and other cryptocurrencies to settle payments to foreign partners.
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Binance clears its stance over market manipulation
Binance has made an announcement stating that it has learnt about allegations of market manipulation made against the cryptocurrency exchange, and it wants to make their position regarding this critical subject matter clear.
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Binance issued warning by Financial Services Agency of Japan
FCA Japan has issued a warning to Binance cryptocurrency exchange, claiming it was engaged in cryptocurrency trading business without registration. This same warning has been issued to Bybit cryptocurrency exchange as well.
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Blockchain wallet renames main wallet to private key wallet
Blockchain wallet or blockchain.com wallet is most popular cryptocurrency wallet out there and recently it has rolled out numerous features such as ability to trade one cryptocurrency for another. They have also added ability to earn interest. This account is called Interest Account.
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Square buys 3318 bitcoins using corporate cash
Square, the company behind twitter has issued a statement that it has acquired 3318 bitcoins for total of whopping 170 million dollars. These totals to around five percent of its total corporate cash that is total around 394 million dollars as of 31st December 2020.
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Bitcoin POS Review – Bitcoin POS is a scam
Bitcoin POS is a new cryptocurrency launched by known Ponzi specialists from Germany. It is yet another cryptocurrency that uses bitcoin in its name to attract investors. While Bitcoin POS’ code is very much similar to OG Bitcoin, it makes use Proof of Stake consensus instead of Proof of Work like in case of real bitcoin.
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China to ban Bitcoin miners in Sichuan
It is time for Chinese bans bitcoin news. This news often comes every year where we talk about China banning bitcoin miners by either stop sending them electricity or putting them in jail.