Category: Highlights
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Ethereum Developers Complete Merge Shadow Fork Successfully Without “Client Incompatibility Issues”
The Merge is anticipated to be implemented next week, or roughly four days from now, and Ethereum will switch from proof-of-work (PoW) to proof-of-stake (PoS). Before the Paris upgrade, the 13th and final shadow fork was successfully coded, according to Ethereum developers. Ethereum’s 13th and Last Shadow Fork Is Complete Social media was a hive…
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Egyptian Central Bank Issues Crypto Warning: Offenders Face Jail
The Central Bank of Egypt (CBE) has once again warned against the use of cryptocurrencies, noting that offenders risk jail time. According to the law of the Egyptian central bank, it is unlawful to “issue, trade, or promote cryptocurrencies, create or operate platforms for their trading, or engage in related activities.” According to Tuesday’s report…
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To combat tax evasion, Colombia intends to introduce digital currency.
The Colombian government made plans to introduce a virtual currency public. This new currency would have several goals, including reducing tax evasion and improving the traceability of citizen transactions. Restrictions on cash payments and transactions worth more than 10 million Colombian pesos ($2,400) would also be included in the proposed measure. To better understand and…
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Bank of Russia Plans to Complete the Digital Ruble Launch in 2024
A paper outlining the Central Bank of Russia’s monetary policy priorities for the years 2023 to 2025 reveals that it intends to start the full implementation of the digital ruble in two years. The monetary authority intends to gradually connect various financial institutions to the platform as work on the state-issued digital currency progresses. The…
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Brazilian Congress’s attempt to vote on a cryptocurrency bill fails, with a September discussion date set.
A proposed cryptocurrency bill was not discussed by the Brazilian Congress this week. Although the proposed public policy was on the agenda, the deputy chamber’s discussion of the bills tended to other issues, such as health and issues with digital education. In September, there will be another discussion of the bill pertaining to digital currency.…
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Nigeria is the most crypto-obsessed English-speaking nation worldwide, according to a study.
Following the April cryptocurrency market crash, a new study identified Nigeria as the nation with the greatest interest in cryptocurrencies. According to the same study’s findings, Kenya is the second-best-ranked African nation. The top-ranked nations appear more interested in buying the dip, which emphasizes “their long-term outlook for cryptocurrencies,” according to Bobby Ong, co-founder of…
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Bank of Russia is prepared to legalize cryptocurrency mining if miners export coin production
The legalization of cryptocurrency mining would be supported by the Central Bank of Russia, provided that the earnings from the activity are converted to fiat currency outside of Russia. The regulator’s most recent stance on the subject follows a softening of its position on the potential use of cryptocurrencies for payments, even if only globally.…
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For digital asset custody, Citibank selects the Swiss company Metaco
The world’s largest bank, Citibank (C), has chosen the Swiss cryptocurrency custody company Metaco to expand its ability to store digital assets. According to a statement released on Wednesday by the two companies, Citi, which is in charge of roughly $27 trillion in assets, plans to fully integrate Metaco’s “Harmonize” crypto custody platform. A bank…