A group of Spanish deputies filed a proposal seeking to accelerate the implementation of a digital euro. The proposal presented on June 8 asks for the creation of a group to study the implementation of a digital currency in the Eurozone. The Bank of Spain would aid the proposed study group. However, the issuance of a […]
Most of the crypto mining happens in China, accounting for more than half of global bitcoin production. But the State Council, China’s cabinet, announced a clampdown on bitcoin mining and trading last month as part of a series of measures to control financial risks. According to the Reuters report, the Sichuan Provincial Development and Reform […]
On Friday (June 18), Copenhagen-headquartered Danske Bank A/S published an article to clarify its position on “trading and investing in cryptocurrencies”. The bank started this article by acknowledging the value in blockchain technology and cryptocurrencies: “Cryptocurrencies represent a significant digital innovation in financial services and we recognise that there is a significant global market for crypto […]
The average transaction fee on the Ethereum blockchain has continued on its downward descent, amid growing demand for decentralized finance (DeFi) products. According to current Glassnode data, the Ethereum mean fee paid based on a 7-day Moving Average just reached a 5-month low of $3.95. The gas fees associated with blockchain networks are a small
Instead of completely banning it outright, the finance minister of the Netherlands has called for regulation of digital currency, which he thinks is a more effective way of tackling the growth in digital currency adoption in the country. Finance minister Wopke Hoekstra said the Netherlands should not prohibit citizens from using crypto entirely despite the risks but […]
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As confirmed by Paraguay’s National Deputy, Carlitos Rejala, plans are in place to discuss the formal legalization of Bitcoin next month. Since El Salvador took the progressive step of recognizing Bitcoin as legal tender, politicians from several other Latin American countries have also signaled a similar intent. So far, on the list of potentials to […]
Steve Hanke has condemned the legalization of Bitcoin in El Salvador. The economist believes the decision will “completely collapse” El Salvador’s economy. He called the move “stupid.” His reasoning around this being that El Salvador is a dollarized nation and making Bitcoin legal tender would be detrimental to the economy. Professor Hanke was on Kitco […]
Bitcoin FUD out of China might be helping to lower the cost to produce BTC. The news of the crackdowns on mining farms in China has rocked the market lately. Entire mining operations were shut down and they had to be moved to other sites. No one is sure where the rigs will be moved […]
