Category: Blockchain

American cryptocurrency exchange Gemini has purchased carbon credits to help decarbonize Bitcoin amidst a growing clamour that the cryptocurrency is not environmentally friendly. Through its newly formed Gemini Green, a long-term initiative to incorporate climate-conscious practices into its business, the trading platform has partnered with Climate Vault, a non-profit associated with the University of Chicago. 

The Banque de France or Bank of France, the central bank of France, has prospered in undertaking an experiment on using a central bank digital currency (CBDC) to issue a French government bond. As per the announcement: “The experiment consisted in the simulation on a permissioned blockchain of Government bonds’ (OAT) issuance by Agence

Citi group officially announced a “Digital Asset Group” launch in its wealth management department on Thursday. This new division will be led by Alex Kriete and Greg Girasole of the Citi Global Wealth Investment (CGWI) division. The establishment of the Digital Assets Group will make Citi the latest bank to set foot in the field

Palestine Monetary Authority (PMA)- the central bank of Palestinian in the west bank, is reportedly developing a digital currency, which considers symbolic monetary independence from Israel, Bloomberg report Thursday. Fereas Milhem, Governor of Palestine Monetary Authority, revealed on Bloomberg Television that the authority hopes to use central bank digital currency (CBDC) “for payment systems in

The total value of $3.6 billion Bitcoins disappeared while the founders of South African cryptocurrency exchange AfriCrypt are missing, Bloomberg reported. A pair of the brother of 20-year-old Ameer Cajee and 17-year-old Raees Cajee founded South Africa-based digital currency exchange AfirCrypt in 2019 to attract high-net-worth individuals and celebrities. The company claimed its platform was

Computer programming entrepreneur John McAfee has committed suicide in his Barcelona jail, just hours after a Spanish High Court approved his extradition to the United States. The British-American McAfee antivirus inventor lived the latter part of his years due to evading American authorities for tax evasion. According to his lawyer, Javier Villalba, McAfee died after committing

The world’s top bitcoin mining machine manufacturer Bitmain Technology Co., Ltd. announced that it would suspend the sale of mining machines worldwide in response to the Chinese government’s recent crackdown on domestic mining targetting domestic miners. The company stated that it aims to help miners who have exited the mining industry sell at a better

While Chinese authorities were intensifying the Bitcoin (BTC) mining crackdown, some crypto experts believe this might be a blessing in disguise to this sector. The Chinese administration recently massively disconnected BTC mining sites in Sichuan Province, triggering a price drop in the crypto market. BTC mining expected to be more profitable According to the announcement:

Authorities in the South Korean province of Gyeonggi have conducted the largest tax seizures ever, seizing $47 million in Bitcoin (BTC) and Ethereum (ETH). According to the coverage reported by the Financial Times, the seizure involved about 12,000 tax evaders. The authority has called the action the largest “cryptocurrency seizure for back taxes in Korean