Category: Cryptocurrency

Rio De Jeneiro’s Mayor Reveals 1%Of Its Treasury Reserves Will Be Poured Into Cryptocurrencies

Brazil’s second most populous city, Rio de Janeiro, is still on course to invest in crypto. The mayor of the city, Eduardo Paes, announced that Rio plans to allocate 1% of its treasury reserves to cryptocurrencies. Chicão Bulhões, the city’s secretary of economic development, reconfirmed this in an interview today. Bulhões maintained that Rio de […]

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Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution, leaving some big names like Binance off of the list. Sunacrip Tightens Compliance Requirements […]

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Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court […]

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Kazakhstan Shuts Down Crypto Mining Farms Till February

Kazakhstan Shuts Down Crypto Mining Farms Till February

Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities […]

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Binance Becomes Main Sponsor of Argentinian Soccer Association

Binance Becomes Main Sponsor of Argentinian Soccer Association

Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for the next five years and will issue a new fan […]

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Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The […]

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Report: Google Launches Blockchain Division

Report: Google Launches Blockchain Division

The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready, Google’s president of commerce, stated on January 19 they were paying a […]

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Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering the possibility of investing in crypto for its users in several countries in Latam. […]

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Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists […]

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Citi kickstarts recruitment for top job in digital assets unit

Citi kickstarts recruitment for top job in digital assets unit

Wall Street heavyweight Citigroup is hiring a global head of digital asset risk management, signifying the latest move in a broader strategic push toward crypto services.  A post on LinkedIn said the role would be “accountable for all matters relating to the risk management of digital asset activities globally and across all Citi business lines.”  […]

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