Auto Added by WPeMatico

Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed…

Continue ReadingRussia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

Russian Banks Begin Testing Digital Ruble Payments

Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer…

Continue ReadingRussian Banks Begin Testing Digital Ruble Payments

Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club…

Continue ReadingIran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

These Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022

A lot has changed in regard to the prices of various crypto assets throughout 2021, as today’s top crypto assets look a lot different than they did 12 months ago.…

Continue ReadingThese Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022

Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular…

Continue ReadingBank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

Bitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion

On Thursday evening around 10 p.m. (EST), the price of bitcoin fell beneath the $40K zone for the first time since September 21, 2021. During Friday’s early morning trading sessions,…

Continue ReadingBitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion