Tag: Cryptocurrency

Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners

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The Iranian Economic Commission has reportedly finalized a tariff scheme for cryptocurrency miners, according to a July 21 report from Iranian economic daily Financial Tribune.  Per the report, Energy Minister Homayoon Ha’eri announced that, while the tariff scheme has been finalized, it is awaiting approval from the Cabinet of Iran — a governmental body consisting of various ministers and other officials chosen by the president.  While Ha’eri did not elaborate on the exact price scheme, he stated that the price is dependent on market factors such as fuel prices in…

8Pay vs Coinbase vs BitPay: Cryptocurrency Merchant Payment Comparison

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8Pay is a crypto payment solution like no other. Designed for B2B, B2C and P2P, it enables one-shot and recurring payments to be created and settled quickly – all controlled in a permissionless manner via smart contracts. There are several key differences between 8Pay and current merchant payment solutions. To demonstrate how 8Pay fits into the crypto payment ecosystem, and what differentiates it from the market leaders, we’ve undertaken a competitor comparison. Join us as we consider the strengths and weaknesses of Coinbase and BitPay’s crypto payment solutions, before finishing…

Cryptocurrency is Part of the Global Currency War, Says Federal Reserve Branch Head

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Cryptocurrency has found itself on the center stage of the global political sphere over the past several weeks, which first began when Fed Chair Jerome Powell compared Bitcoin to gold. Shortly after this, US President Donald Trump shared his thoughts on BTC, which sparked what appears to be a regulatory crackdown on the nascent markets. Now, the President of the St. Louis Federal Reserve is noting that cryptocurrencies are the newest entrants to the ongoing global currency competition, which means that, in his view, crypto is increasingly becoming a competitor…

‘Tip Trump’ Meme Targets POTUS While BAT Cryptocurrency Soars 19%

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Donald Trump might not be a fan of Bitcoin and other cryptocurrencies, but that hasn’t stopped him racking up some Basic Attention Token (BAT) in recent times. No, Trump didn’t decide to jump on the BAT hype train. However, being the native currency of the Brave web browser, users can tip any Twitter user they wish using BAT. Basic Attention Token surged 19% leading into Friday morning, off the back of news it had been integrated into Sliver.tv – an online streaming site for gamers. Meanwhile, a new meme was…

‘Tip Trump’ Meme Targets POTUS While BAT Cryptocurrency Soars 19%

boss

Donald Trump might not be a fan of Bitcoin and other cryptocurrencies, but that hasn’t stopped him racking up some Basic Attention Token (BAT) in recent times. No, Trump didn’t decide to jump on the BAT hype train. However, being the native currency of the Brave web browser, users can tip any Twitter user they wish using BAT. Basic Attention Token surged 19% leading into Friday morning, off the back of news it had been integrated into Sliver.tv – an online streaming site for gamers. Meanwhile, a new meme was…

US Regulator to Probe BitMeX Cryptocurrency Exchange: Bloomberg |

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The US Commodity Futures Trading Commission is going to investigate cryptocurrency derivatives exchange BitMEX, according to sources cited by Bloomberg. The regulator would focus on whether or not BitMEX, a Seychelles-based firm, has been offering services to the American citizens. The exchange lets people make big bets on the cryptocurrencies with as much as 100-times margins. The CFTC considers cryptocurrencies like bitcoin as commodities, which brings companies like BitMEX – that offers futures and other crypto-based derivatives trading services – under its jurisdiction. Bloomberg reached BiMEX for further clarification and received…

Japan Sets to Build a SWIFT-Like Network for Global Cryptocurrency Transactions

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Prior to the upcoming G7 summit in France, an insider revealed that the Japan government is set to implement a SWIFT-like network for crypto transactions. In the traditional financial world, the SWIFT network is responsible for executing transactions across different borders. While this well-governed network has functioned well for as long as it has been in place, it still has some minor drawbacks that the crypto world aims to mitigate and even eliminate. Also, due to stringent governance in the network, some countries have been completely cut off from this…

Cryptocurrency Grin Follows Through With Anticipated July 17 Mainnet Hardfork

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Privacy-focused cryptocurrency Grin has completed the first hardfork so far on its mainnet. The fork occurred at block height 262,080 on July 17, as shown on the Grin block explorer Blockscan.   According to an official announcement from Grin core dev Quentin Le Sceller, the latest blockchain hardfork is designed to discourage Grin mining through dedicated application specific integrated circuits (ASICs) and also includes a new iteration of its “bulletproof rewind scheme” for Grin wallets. As previously discussed by Cuckoo Cycle author John Tromp, there is reportedly no sign of users…

Reasons Why US Government Won’t Ban Libra Cryptocurrency

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Things are heating up for Libra: This week’s United States congressional hearings showed that many politicians are not convinced by the safety aspects of Facebook’s cryptocurrency project, as they grilled the social media giant on privacy- and trust-related issues. In response, Facebook keeps stressing Libra’s compliance with regulators and readiness to discuss possible frameworks. Meanwhile, a drafted bill titled “Keep Big Tech out of Finance” surfaced right before the testimonies before Congress took place. So, does the U.S. government have the power to terminate Libra — which is something Rep.…

Japan Studies Libra as Global Criticism on Facebook’s Cryptocurrency Intensifies

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When it comes to Facebook’s Libra digital currency not even one of the most crypto-friendly countries in the world is turning a blind eye to social media giant’s cryptocurrency plans and hoping all will work out well magically. Rather, Japan is taking proactive steps to understand Libra’s potential ramifications even before the cryptocurrency has gotten off the ground. According to Reuters, Japan has now set up a working group charged with the responsibility of figuring out the potential impact of Libra on financial regulation, tax payments, financial transactions and monetary…