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“# The9 signs green Bitcoin mining deal with Russian firm BitRiver ” The9, a Chinese internet company listed on the Nasdaq, is moving forward with its cryptocurrency mining plans by signing a contract with a major Russian data center operator. The company announced Monday that it has signed a crypto mining hosting agreement with Russian crypto…
“# Binance woes continue as Clear Junction pulls out ” Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander. “Clear Junction can confirm that it will no longer be facilitating payments related to Binance,” Clear Junction said in…
“# Paraguayan lawmakers to present Bitcoin bill on July 14 ” Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country. “I am here to unite Paraguay,” Rejala…
“# Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm ” Research from European blockchain company Guardtime suggests that the current pandemic may have accelerated the launch of a major central bank digital currency by up to five years. According to Guardtime, the company said the growth of many technology companies,…
“# Pro-crypto Congressman stacks, anti-crypto Congressman receives $100K from TradFi ” News of two contrasting approaches to crypto from U.S. members of congress surfaced this week. Alabama Congressman Barry Moore has been loading up on cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) over the past two months. Meanwhile anti-crypto California Congressman Brad…
“# BREAKING: US financial regulator FinCEN hires its first-ever chief digital currency advisor ” The Financial Crimes Enforcement Network, or FinCEN, has recruited Michele Korver, formerly of the United States Department of Justice, to serve as the agency’s first chief digital currency advisor. In her role, Korver will be tasked with advancing “FinCEN’s leadership role…
“# South Korean Shinhan Bank joins Klaytn’s blockchain governance council ” Shinhan Bank, one of the largest banking institutions in South Korea, has entered into a partnership with Klaytn, a global blockchain platform developed by Kakao subsidiary Ground X. According to a Monday announcement, Shinhan Bank has joined Klaytn’s blockchain governance council, becoming a member…
“# China crypto ban a ‘huge opportunity for Canada,’ mining group head says ” China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country. The group has…
“# Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May ” Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, chairperson Jerome Powell met with Coinbase CEO Brian Armstrong. According to Powell’s meeting calendar which was made public on Friday, the…
“# Proposed bill in Iran could ban all foreign-mined cryptocurrencies ” A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners. According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled…