November 2022 - auction-111

The Confusing history of cryptocurrency

In 2017, two of the four co-founders of BVNK, Jesse Hemson-Struthers and Donald Jackson founded a cross-border payments company called Coindirect in Cape Town.

The project was focused on emerging markets: customers could bypass the global Swift system by transferring funds to stablecoins — cryptocurrencies tied to fiat currencies like the dollar — and then transferring them to euros or British pounds.

Davis says the project was profitable, and in January of this year his co-founders teamed up with BVNK.

However, there is […]

The Ethereum cryptocurrency network announced the global update of The Merge (“Merger”)

The Ethereum cryptocurrency network announced the global update of The Merge (“Merger”)

Which implies the transition from the Proof-of-Work protocol to Proof-of-Stake. This will ensure a reduction in electricity costs by avoiding round-the-clock mining, and at the same time increase the security of transactions against the background of an ever-growing number of users.

The success of the “move” from one algorithm to another was reported in the official account of the network, as well as in the personal account of the co-founder of the project Vitalik Buterin.

Market experts believe that the migration to […]

Mishustin demanded to coordinate the position on digital currencies and mining

Mishustin demanded to coordinate the position on digital currencies and mining

Prime Minister Mikhail Mishustin demanded that the Ministry of Finance, the Bank of Russia, Rosfinmonitoring, the Federal Tax Service and the FSB agree by December 19 on how to regulate the issuance and circulation of digital currency and mining in Russia, as well as how to use digital currencies in international settlements.

Mishustin issued a number of instructions to ministries, the Bank of Russia and other departments, they are aimed at developing the domestic financial system. The Prime Minister’s instructions are […]

The Ministry of Finance announced the possible launch of international transactions with cryptocurrencies in 2023

The Ministry of Finance announced the possible launch of international transactions with cryptocurrencies in 2023

The head of the Financial Stability Department of the Ministry of Finance Ivan Chebeskov announced the possible launch of international settlements with cryptocurrencies in 2023. The information was confirmed by the head of the State Duma Committee on the financial market Anatoly Aksakov.

The Bank of Russia stressed that there is no talk about the legalization of cryptocurrencies as a means of payment in the country, as well as about the resolution of crypto exchanges and crypto exchanges within the country, […]