Category: Economics

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Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency

Muslim countries around the world are planning to push back against the U.S. dollar’s long global dominance by creating a common digital currency for use in Islamic states. The dollar has evolved into a...

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Israeli Central Bank to Hold off on Issuing Digital ‘E-Shekel’ Coin

A group under the Bank of Israel has published a report on a proposal to issue a national digital currency. The team, which was set up last November, has identified several potential advantages to...

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Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention

Visa chief executive officer Alfred Kelly has said that cryptocurrencies are not a significant threat to his company’s electronic payments hegemony. He nevertheless indicated that the legacy financial intermediary may move into handling cryptocurrency...

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PR Specialists in the Russian Crypto Space Paid 10x the Average Salary

Around 70,000 people are currently employed in the young and growing crypto industry in the Russian Federation. The average salary in the space has fallen by 40 percent this year, along with cryptocurrency prices....

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China Round-Up: Permissive Regulations Advocated, 3 Million Chinese HODLers, Xiaolai Recording Leaks

In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University...

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Japanese Man Exploits Free Company Electricity to Make $500 Secondary Income Mining

Trading isn’t the only way to acquire crypto. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. Also read: Japan Gives...

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Cryptocurrency to Fiat Transactions Remain High in the Philippines

The Filipino central bank has revealed that the trade between fiat and cryptocurrencies on authorized bitcoin exchanges in the Philippines has maintained its high level for the country from the boom time of late 2017...

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Nigeria Finds Bitcoin is a Way to Hedge Against its Naira

The scrappy citizens of Lagos, Nigeria are traders and can-do survivors almost by nature. Their government, however, has mismanaged the nation’s money to such a degree that it’s prone to wild devaluation swings. And...

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Silicon Valley Whales Buy Diamonds in the Millions With Bitcoin

2018 might not be the best year for crypto investors so far, but a lot of wealth is still in the hands of long-term holders. The latest example of this comes from Silicon Valley...

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BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently...