Connect with us

Blockchain

Russian oligarch encourages Russia to emulate El Salvador

Russian industrialist Oleg Deripaska has asked the Bank of Russia to embrace the flagship…

The post Russian oligarch encourages Russia to emulate El Salvador appeared first on Coin Journal.

Published

on

Russian industrialist Oleg Deripaska has asked the Bank of Russia to embrace the flagship cryptocurrency

Russian billionaire Oleg Deripaska has revealed his desire to see his country follow in the footsteps of El Salvador. The oligarch encouraged the Bank of Russia to officially accept Bitcoin as a payment means in the country in a similar way to El Salvador that adopted the crypto as legal tender. Through his Telegram account, Deripaska took a swing at the central bank’s stance on digital assets.

He accused the bank of being responsible for the poor Bitcoin adoption because of its uncompromising nature in regulating digital assets. The Russian industrialist argued that the bank’s rigorous and stern approach is the reason why many citizens in the country are not dealing with crypto assets. He proposed the adoption of Bitcoin as a payment method, referencing El Salvador’s case.

”Even poor El Salvador, known for being close to oft-mentioned Honduras, has realized the need for digital currencies and taken a simple path, recognizing Bitcoin as a means of payment.”

Deripaska is known as the founder of Basic Element, a Russian company that deals in metals, energy and construction. Although he hasn’t seriously advocated for digital assets before, he appears to be interested in the same at present. The businessman insisted that embracing digital assets would help the country carry out deals effectively.

Crypto assets are viewed as property in Russia, an outcome of the crypto tax bill. The bill, which allows regulators to enforce a 13% tax on crypto gains, gives Russian crypto investors the right to legal protection. It is yet to be implemented, but should it be, Russian crypto owners that fail to report their tax will be hit with a fine that’s equivalent to 10% of the undeclared amount. Investors that avoid the tax obligation or submit partial tax payments, on the other hand, get a 40% fine.

Meanwhile, European Central Bank’s (ECB) Fabio Panetta has hit out at Bitcoin, metaphorically equating it to a dangerous animal. Panetta, who is an executive board member at the European Central Bank, poured scorn on the cryptocurrency while speaking positively about the planned digital euro. He explained that a digital euro would hold off any risk posed by crypto assets.

Speaking in an interview with the Financial Times, the former Director General of Bank of Italy, pointed out that the leading cryptocurrency is a favourite among criminals around the world. The economist also weighed in on the energy consumption debate that has seen many reactions in the past few weeks.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinjournal.net/news/russian-oligarch-encourages-russia-to-emulate-el-salvador/

AI

Nigeria to Launch a Pilot for Its CBDC in October

Published

on

Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.

According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.

What Amazon is Looking For

The expert must have at least an MBA or equivalent degree, 10+ years of business or technology experience, team management skills, understanding of data and metrics, and good communication skills.

The corporation did not disclose any salary offer. The person must be based on or willing to move to Seattle, Washington.

Amazon seems to be convinced of the need to innovate in the field of payments and finance. The cryptocurrency and blockchain development team is a sign of the company’s interest in exploring these emerging technologies to offer better financial products.


ADVERTISEMENT

According to an email shared by Business Insider, Amazon’s team confirmed its interest in exploring an approach to the world of cryptocurrencies. Still, they did not specify whether it would be through the development of a proprietary currency or through the acceptance of cryptocurrencies as a means of payment:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon … We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

An Old Relationship With Crypto

Amazon’s interest in the world of cryptocurrencies isn’t new. Back in 2017, it purchased, at least preemptively, a number of domains linking its brand to cryptocurrencies, including amazoncryptocurrency.com, amazoncryptocurrencies.com, and even amazonethereum.com.

However, at the time, Patrick Gauthier told CNBC that the e-commerce giant did not have much interest in cryptocurrencies and had no plans to support crypto payments.

In fact, the Pay With Moon plugin that allowed payments on Amazon with Bitcoin through Lightning Network had to change its business model to instead allow its users to purchase virtual credit cards instead of paying directly on Amazon’s site.

Also, as Cryptopotato reported in February this year, Amazon launched a job offer for a new payments system involving “Digital and Emerging Payments (DEP),” although they did not mention a direct relationship with Bitcoin or any cryptocurrency either.

This time, however, Amazon seems more willing to go public with its casual relationship with cryptos.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/nigeria-to-launch-a-pilot-for-its-cbdc-in-october-49/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-to-launch-a-pilot-for-its-cbdc-in-october-49

Continue Reading

AI

Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

Published

on

Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.

According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.

What Amazon is Looking For

The expert must have at least an MBA or equivalent degree, 10+ years of business or technology experience, team management skills, understanding of data and metrics, and good communication skills.

The corporation did not disclose any salary offer. The person must be based on or willing to move to Seattle, Washington.

Amazon seems to be convinced of the need to innovate in the field of payments and finance. The cryptocurrency and blockchain development team is a sign of the company’s interest in exploring these emerging technologies to offer better financial products.


ADVERTISEMENT

According to an email shared by Business Insider, Amazon’s team confirmed its interest in exploring an approach to the world of cryptocurrencies. Still, they did not specify whether it would be through the development of a proprietary currency or through the acceptance of cryptocurrencies as a means of payment:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon … We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

An Old Relationship With Crypto

Amazon’s interest in the world of cryptocurrencies isn’t new. Back in 2017, it purchased, at least preemptively, a number of domains linking its brand to cryptocurrencies, including amazoncryptocurrency.com, amazoncryptocurrencies.com, and even amazonethereum.com.

However, at the time, Patrick Gauthier told CNBC that the e-commerce giant did not have much interest in cryptocurrencies and had no plans to support crypto payments.

In fact, the Pay With Moon plugin that allowed payments on Amazon with Bitcoin through Lightning Network had to change its business model to instead allow its users to purchase virtual credit cards instead of paying directly on Amazon’s site.

Also, as Cryptopotato reported in February this year, Amazon launched a job offer for a new payments system involving “Digital and Emerging Payments (DEP),” although they did not mention a direct relationship with Bitcoin or any cryptocurrency either.

This time, however, Amazon seems more willing to go public with its casual relationship with cryptos.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/amazon-wants-a-leader-for-its-digital-currency-and-blockchain-product-unit-38/?utm_source=rss&utm_medium=rss&utm_campaign=amazon-wants-a-leader-for-its-digital-currency-and-blockchain-product-unit-38

Continue Reading

AI

Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

Published

on

Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.

According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.

What Amazon is Looking For

The expert must have at least an MBA or equivalent degree, 10+ years of business or technology experience, team management skills, understanding of data and metrics, and good communication skills.

The corporation did not disclose any salary offer. The person must be based on or willing to move to Seattle, Washington.

Amazon seems to be convinced of the need to innovate in the field of payments and finance. The cryptocurrency and blockchain development team is a sign of the company’s interest in exploring these emerging technologies to offer better financial products.


ADVERTISEMENT

According to an email shared by Business Insider, Amazon’s team confirmed its interest in exploring an approach to the world of cryptocurrencies. Still, they did not specify whether it would be through the development of a proprietary currency or through the acceptance of cryptocurrencies as a means of payment:

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon … We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

An Old Relationship With Crypto

Amazon’s interest in the world of cryptocurrencies isn’t new. Back in 2017, it purchased, at least preemptively, a number of domains linking its brand to cryptocurrencies, including amazoncryptocurrency.com, amazoncryptocurrencies.com, and even amazonethereum.com.

However, at the time, Patrick Gauthier told CNBC that the e-commerce giant did not have much interest in cryptocurrencies and had no plans to support crypto payments.

In fact, the Pay With Moon plugin that allowed payments on Amazon with Bitcoin through Lightning Network had to change its business model to instead allow its users to purchase virtual credit cards instead of paying directly on Amazon’s site.

Also, as Cryptopotato reported in February this year, Amazon launched a job offer for a new payments system involving “Digital and Emerging Payments (DEP),” although they did not mention a direct relationship with Bitcoin or any cryptocurrency either.

This time, however, Amazon seems more willing to go public with its casual relationship with cryptos.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/fintech-giant-zip-co-to-provide-cryptocurrency-trading-services-24/?utm_source=rss&utm_medium=rss&utm_campaign=fintech-giant-zip-co-to-provide-cryptocurrency-trading-services-24

Continue Reading

AI

Locked Out of Millions: Couple Can’t Access $5.8M Worth of Ethereum

Published

on

Yuki and Art Williams, who purchased 3,000 Ethereum coins back in 2014, can not open their crypto wallet. The family claims that the essential JSON file was never downloaded, and thus they don’t have access to their $5.8 million.

In Search for Help

According to the American media 7news, the Washington DC family Yuki and Art Williams possess 3,000 ETH coins in their crypto wallet. Unfortunately, the wife and husband can only see them and not access the assets. The couple insisted that when they bought the assets in 2014, the JSON file was never downloaded. Art Williams said:

“The instructions were to leave your computer on for an hour and a half and as the progression bar showed it populating the JSON file would appear. Unfortunately for us, it did not appear.”

Calculated in today’s prices, the wallet contains $5.8 million. Mr. Williams told 7news that the Ethereum Foundation promised him to solve the issue and send him a backup JSON file. However, the family is still waiting.

In another attempt to access their funds, the couple e-mailed the Foundation based in Switzerland and showed them proof of purchase and screenshots of the problem. 7news also tried to reach out to the Ethereum Foundation but received no comment.

The last move that the family is yet to make is to hire a law firm that would open a case in court in Switzerland. The attorneys would demand that the Ethereum Foundation grant a JSON file to the desperate couple during the process.


ADVERTISEMENT

“Devastating, to say the least. Obviously, that’s life-changing money,” added Mr. Williams.

The Man Who Lost Access to 7,002 BTC

Investing in cryptocurrencies is not risky only because of the volatile nature of the assets. Apart from that, investors need to save and protect their private keys. In case someone loses their private keys, that could lead to an irreversible disaster. Such is the case with Stefan Thomas and his bitcoins worth more than $223 million.

As CryptoPotato reported earlier in the year, the resident of San Francisco produced an educational video called “What is Bitcoin?” for another crypto fan and received 7,002 bitcoins for his services.

However, Thomas didn’t pay much attention to his new holdings as they had a little-to-no value at the time, and he lost the digital keys to the wallet. In the following years, though, BTC’s price exploded, and now the 7,002 coins are worth around $223 million.

The wallet called IronKey allows users ten attempts to guess the password. So far, Thomas has tried eight times to access the funds, but they were all unsuccessful. If he fails ten times, the wallet will be encrypted forever.

“I would just lay in bed and think about it. Then, I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again,” the man revealed.

To avoid any of the above, it’s highly recommended that you take crypto security seriously and make sure to always follow these tips.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/locked-out-of-millions-couple-cant-access-5-8m-worth-of-ethereum-17/?utm_source=rss&utm_medium=rss&utm_campaign=locked-out-of-millions-couple-cant-access-5-8m-worth-of-ethereum-17

Continue Reading
Fintech3 hours ago

Elon Musk discusses merits of Bitcoin, reveals Space X holds BTC

AI5 hours ago

What is the Freedom Phone and Should You Buy It?

Esports5 hours ago

How to unlock Pokémon in Pokémon UNITE, all Unite License costs

Cleantech6 hours ago

Do Electric Vehicles Pollute As Much As Gas-Powered Ones?

Esports7 hours ago

Los Angeles Thieves stun OpTic Chicago, complete reverse sweep to cap Stage V group play

Esports7 hours ago

Best Greninja build in Pokémon UNITE

Big Data7 hours ago

Robinhood CEO says he is considering offering U.S. retirement accounts

Cleantech7 hours ago

Line 3 Oil Spilled Into The Willow River — Indigenous Water Protectors Need Our Help

Crowdfunding8 hours ago

Payments Fintech Banking Circle Chooses European Firm SIA to Provide Instant Payments

Cleantech8 hours ago

California Commits $10M To e-Bike Purchase Assistance, Other e-Bike Adoption Programs

Esports8 hours ago

Immortals introduce Evil Geniuses to the “League of Draven” with victory in week 8 of 2021 LCS Summer Split

AI8 hours ago

Nigeria to Launch a Pilot for Its CBDC in October

AI8 hours ago

Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

AI8 hours ago

Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

AI8 hours ago

Locked Out of Millions: Couple Can’t Access $5.8M Worth of Ethereum

AI8 hours ago

Blockchain Startups Raised over $4 Billion in VC Funding in Q2 2021

Esports8 hours ago

Minnesota RØKKR finish Stage 5 group play with dominant win over Florida Mutineers

Cleantech8 hours ago

We Cannot Short-Change Transit—Not Now

Crowdfunding8 hours ago

Cross-Border Payments Fintech Thunes Acquires Limonitek, a European Payment Service Platform

Esports9 hours ago

TSM defeat Golden Guardians in first fully online LCS game since April

Esports9 hours ago

World of Warcraft Burning Crusade Classic Arena Tournament scores and results

CNBC9 hours ago

WhatsApp says NSO spyware was used to attack officials working for US allies

Esports9 hours ago

Vivo Keyd wins second season of Brazilian Free Fire League (LBFF) 2021

Aviation9 hours ago

American Airlines set to operate two new routes from Miami

Esports10 hours ago

Who won Minecraft Championships (MCC) 15? | Final Standings and Scores

Esports10 hours ago

Best Garchomp build in Pokémon UNITE

Gaming10 hours ago

Coreupt for PC & Next-Gen Consoles Gets New Images Showing its Fighters; New Trailer Teased

Cleantech10 hours ago

How Tesla Can Massively Improve The Repair & Service Experience, Avoid Insane Repair Quotes

Esports10 hours ago

Elden Ring System Requirements: Can You Play It?

Esports10 hours ago

Pokémon GO Ultra Unlock Part 1 Research Task Rewards: Full List

Trending