The central bank said that cryptos carry high risks, which includes financial crimes, piracy and the loss of value. Source
Sudan's Central Bank Warns Against Using Crypto as Economy Suffers: Report
Tag: Report
Coinbase Said Near Deal to Buy Owner of Brazil’s Largest Crypto Exchange: Report
A transaction could be announced by the end of April, according to local newspaper Estadão. Source
Israel's Bank Leumi to Enable Crypto Trading: Report
Bank Leumi is offering this service in partnership with New York-based custody and trading platform Paxos. Source
Exxon Mobil is using excess natural gas to power crypto mining: Report
United States-based energy producer Exxon Mobil has reportedly been running a pilot program aimed at using the energy from excess gas to power crypto mining rigs — and it may be expanding its operations to four other countries. In a Thursday report, Bloomberg said Exxon Mobil had inked a deal with Crusoe Energy to use excess gas from oil wells in North Dakota to run Bitcoin (BTC) miners. The project reportedly uses 18 million cubic feet of natural gas per month — roughly 0.4% of the oil giant’s reported operations…
ExxonMobil Running Pilot Project to Supply Flared Gas for Bitcoin Mining: Report
The oil major is also looking to supply flared gas for bitcoin miners at other sites around the globe, according to the report. ExxonMobil has a deal with Crusoe Energy Systems, one of the pioneers of using wasted gas to power bitcoin mining operations, to take gas from an oil well pad in the Bakken shale basin to power mobile generators that are used for bitcoin mining operations, Bloomberg said, citing the unnamed source. Source
S. Korea’s SK Square to Launch Crypto Token by Year-End: Report
SK Square, an IT investment arm that was spun off from SK Telecom in November 2021, has set up a blockchain task force that is responsible for the project, the Korea Economic Daily reported on Wednesday. The token will be the first of its kind launched by any company under the purview of South Korea’s top 10 conglomerates. Source
BlackRock's Fink Says Ukraine War Could Accelerate Crypto Adoption: Report
The Russia-Ukraine war could accelerate adoption of digital currencies as a tool for international transactions, BlackRock CEO Larry Fink said in a letter to shareholders. Source
Almost half of Germans to invest in crypto: Report
The richest country in Europe is coming round to crypto. That’s according to a report by KuCoin which shared some flattering statistics towards the future of crypto in Deutschland. Notably, 44% of Germans are “motivated to invest in cryptocurrencies to be a part of ‘the future of finance’”; while over a third, “37% of German crypto investors have been trading cryptocurrencies for over a year.” Cointelegraph had previously picked up on crypto’s impressive and productive year in Germany, but it’s crucial to check the crypto sentiment on the ground. Johnny…
El Salvador postpones Bitcoin bonds to September: Report
The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin- (BTC)-backed bond due to the unfavorable market conditions fueled by the geopolitical crisis. El Salvador’s “Volcano Bond” will not go live in March as the Salvadoran government expected previously, Finance Minister Alejandro Zelaya said in an interview with a local TV channel. Zelaya claimed that the delay was due to the volatile prices of BTC fueled by the Russia-Ukraine crisis. He added that the government of El Salvador decided to wait for favorable conditions in…
Worldcoin to Raise $100M at $3B Token Valuation: Report
The list of investors for Worldcoin’s latest funding includes a16z, Khosla Ventures. Source