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The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces
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On January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest feature will provide an “all-in-one solution” for cryptocurrency-related activities. Also Read: Bitcoin.com Partners With
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Bitcoin Cash developers recently released the alpha software for Cashfusion, a privacy-preserving feature added to the Electron Cash wallet. During the last week, crypto proponents and developers have been testing the protocol regularly in order to find issues and provide the Cashfusion team with feedback. News.Bitcoin.com tested the alpha version of Cashfusion so readers can
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Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an “overwhelmingly positive” response from the regulator. Adrian Przelozny, CEO and founder of the Sydney-based exchange, announced Friday it had expanded its trading services to users in Singapore, saying in a statement that his team “felt the time was right
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That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued “blockchain, not crypto” narrative; 2) a belief in the inevitability of cashless futures (without much concern about the negative implications) and 3) the rise of CBDCs.  On the CBDC front, the
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DAVOS, Switzerland – Most Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector.  According to Egyptian businessman M. Shafik Gabr, chairman of the ARTOC Group for Investment & Development, some Middle Eastern nations are already exploring the
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In addition to our news roundup, for the next few episodes we’ll also be highlighting select interviews from the CoinDesk crew reporting inside the World Economic Forum in Davos, Switzerland.  Today, we’ll hear from former Monero head “Fluffypony” and more from cypherpunk Harry Halpin. Listen or subscribe with your preferred service: Disclosure Read More The
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Identity thieves now have another tool at their disposal: bitcoin hashing power.  That’s the conclusion from a new cryptanalysis paper published earlier this month on SHA-1 (pronounced “shaw”), a once-popular hash function created by the National Security Agency and disapproved in the mid-2000s after failing against theoretical hack attacks. SHA-1 continues to see use in
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U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming they’ve not lowered rates quickly enough. The harsh words echo
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A county cricket club in the U.K. is to use blockchain-based ticketing for all domestic and international fixtures played at its home ground in 2020. According to a report Friday from industry magazine, TheTicketingBusiness, Lancashire Cricket Club developed the new solution in partnership with the blockchain ticketing provider TIXnGO. The new blockchain tickets are said
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DAVOS, Switzerland – Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead. “Physical money is out,” said B.S. Kohli, an economic advisor to the head of the Indian state of Punjab. Mothanna Gharaibeh, Jordan’s minister of digital economy and entrepreneurship, agreed. As of this year, Gharaibeh said, Jordanians
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Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also
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Bitcoin’s price pullback has gathered steam in the last 24 hours, erasing a major portion of the cryptocurrency’s recent gains. The top cryptocurrency dived out of the $8,460–$8,750 congestion zone during the European trading hours on Thursday, signaling a continuation of the pullback from Sunday’s high near $9,200. So far, the follow-through to the range
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In this video from the WEF 2020, Nym Technologies CEO Harry Halpin speaks to CoinDesk’s Leigh Cuen in Davos, Switzerland, about the World Economic Forum, privacy and the future of blockchain. Halpin pulled no punches when it came to describing the scene at Davos. “I do think there are lots of well-meaning people here that
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Many of the debates around block size in Bitcoin operate under the false premise that the question can even be properly answered by a central authority. But markets are better at deciding these questions and block sizes and fee costs should be worked out by miners and users, not development committees. Also read: How is
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