The stablecoin showdown

Mining firm Argo Blockchain installs 1,000 more mining machines, financial news outlet ProactiveInvestors reports on Sept. 19.The addition of the new machines would take the company’s total number of miners to 6,000. Furthermore, the firm also plans to acquire another 6,000 of them in the next two quarters.The firm, publicly traded on the London stock…

The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7.Herman Gref, Sberbank CEO and a former minister of economics and trade of Russia, claimed that the bank has never had any ambitious plans in the crypto space. Instead, the…

Disclaimer:  This article has been updated following revisions.Jack Dorsey, the founder of social media website Twitter and mobile payments provider Square, went into depth on his plans for his new team dedicated to improving the crypto sector at Square in an interview with The Next Web on June 14.According to Dorsey, this initiative, Square Crypto,…

In Europe, the environmental footprint of banknotes is minuscule compared to crypto’s, but crypto has advantages of its own. The European Central Bank (ECB) has taken a look at the environmental impact of using banknotes. It discovered 16 environmental impact categories. As with cryptocurrency, energy efficiency was a major issue.Banknotes continue to be the most

The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16, with the average transaction fee up 746% from a year ago. 1072 Total views 4 Total shares The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to

The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. 230 Total views 2 Total shares The Monetary Exchange of Singapore (MAS), ​​the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place toward Russia. This statement…

In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state.DAOs by default are not recognized as legal entities, and giving these organizations legal status in Utah could help clear up regulatory concerns. David Lemke, chief financial officer at crypto wallet…

Splits in the US House and Senate coupled with many expected tight elections could allow crypto interest groups to potentially "tip control of Congress one way or the other."