Will PayPal create its own cryptocurrency?
PayPal, the well-known American company offering payment services, is currently working on creating its own cryptocurrency. So far, nothing is known about the details of this project. Jose Fernandez da Ponte, senior vice president of cryptocurrencies and digital currencies at PayPal, told the media that…
Wallet for the digital yuan now available!
An electronic wallet for the digital yuan is now available in Chinese app shops. This is a quantum leap forward in the dissemination of virtual assets. The pilot version of the e_CNY app is now available for Android and iOS users. Thanks to the electronic…
Estonia tightens regulations on cryptocurrency wallets
The Estonian Ministry of Finance has announced the implementation of a new law on cryptocurrency service providers. The official statement said that trading in digital assets will continue to be legal, while the new regulations will only cover providers of wallets to store cryptocurrencies. The…
Mexico to create its own digital currency
Mexico’s central bank has announced that it will launch its own ‘digital currency’ by 2024. The inverted commas appear here for a reason, as CBDC will be very different from bitcoin and other cryptocurrencies. The news was confirmed in an interview by the central bank’s…
Ban on cryptocurrency mining in Iran
Cryptocurrency mining has been banned in Iran on the grounds that it consumes too much energy. Local miners will only be able to resume work at the end of winter. Under pressure from the Iranian Energy Ministry’s demands, local cryptocurrency miners must suspend operations. The…
Senator Cynthia Lummis has drafted a new cryptocurrency bill
Cynthia Lummis, a senator from the state of Wyoming, has drafted a new bill to comprehensively regulate the cryptocurrency market. The document will be submitted to Congress as early as this year. Senator Cynthia Lummis has repeatedly made herself known as a supporter of digital…
Will bitcoin replace dollar?
Rapper Cardi B asked on Twitter whether bitcoin has a chance of replacing the American dollar. Famous billionaire Jack Dorsey gave an affirmative answer. Jack Dorsey, the former chairman of Twitter, is famous for his pro-bitcoin sentiments. He abandoned his own company in order to…
Turkey investing in cryptocurrencies
The Turkish lira is currently the weakest currency in the world. The currencies of other countries have gotten 100% stronger compared to it. In the face of hyperinflation, Turks have started investing in digital assets in droves, especially in bitcoin. The cryptocurrency market in Turkey…
Dubai will improve the cryptocurrency market
The Dubai authorities have announced that the government business complex Dubai World Trade Center is to become a cryptocurrency market regulator. The main goal of this enterprise is to promote investing in digital assets. Dubai, a city located in the middle of a desert, has…
Work is underway to integrate Instagram with NFT
The creators of Instagram are working non-stop to implement NFT technology into their service. It will make tagged posts and photos unique, like physical objects, and prevent them from being copied. Work on Instagram’s integration into the NFT marketplace has been underway for at least…