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Weekly News

Regulations and exchange delistings put future of private cryptocurrencies in doubt

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete. The core principles of cryptocurrency…

Continue ReadingRegulations and exchange delistings put future of private cryptocurrencies in doubt

Banking uses 56 times more energy than Bitcoin: Valuechain report

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Analysis of Bitcoin’s proof-of-work and the Lightning Network exposes the banking system as energy-hungry, demonstrating that Bitcoin is better for the planet. Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency…

Continue ReadingBanking uses 56 times more energy than Bitcoin: Valuechain report

Bank of Russia backs cross-border crypto payments vs. domestic trade

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said. Russia’s central bank governor Elvira…

Continue ReadingBank of Russia backs cross-border crypto payments vs. domestic trade

Ethereum sell-off resumes with ETH price risking another 25% decline in June

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Ethereum's native token Ether (ETH) slumped on June 16, suggesting that its relief rally,…

Continue ReadingEthereum sell-off resumes with ETH price risking another 25% decline in June

Circle launches euro-backed stablecoin EUROC

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to…

Continue ReadingCircle launches euro-backed stablecoin EUROC

Huobi to permanently shut crypto operations in Thailand

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC. After its operating license was revoked by the Thai Securities and Exchanges Commission (SEC), Huobi’s…

Continue ReadingHuobi to permanently shut crypto operations in Thailand

Kazakhstan to let crypto exchanges open bank accounts

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Exchange platforms will get an opportunity to operate legally in the Astana International Finance Center in 2022. In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch…

Continue ReadingKazakhstan to let crypto exchanges open bank accounts
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