Bitcoin's famous critic, Peter Schiff, has once again led the punch towards BTC. He said that Bitcoin's last rally from $9100 to $9600 was manipulation.
A recent announcement issued by the Reserve Bank of India (RBI) suggests that Indian banks are not prohibited from opening accounts for crypto companies anymore.
According to local news agency Izvestia The Russian state-owned bank Sberbank is introducing non-contact ATMs in Russia using blockchain technology. The aim is to improve security and reduce the spread of coronavirus. A pandemic has paved the way for contactless technology. From touchless travel, payments, touchless toilets to touchless ATMs introduced in the Russian market. Touchless solutions are becoming increasingly popular and are setting new prospects.
Governments around the world are introducing laws that impose taxes on the income from BTC transactions, but there are still a few countries that allow investors to buy, sell or store digital assets without paying a penny. Today we present you with a list of eight countries that can be considered as a Bitcoin tax haven.
Italy is one of the countries most affected by the economic crisis caused by COVID-19. It is slowly starting to recover the economy. Among the programmes aimed at improving the situation, there is a project to combat counterfeiting and its key aspect is the development and implementation blockchain technology.
After halving, which took place on 11 May, many miners disconnected their excavators from the network. According to the Digitomist, the energy consumption caused by bitcoin extraction fell by 24%.
Just before halving, Bitcoin's Hash Rate almost reached its new ATH. Unfortunately, shortly after halving (as expected by many analysts), drastic drops was recorded. According to data provided by blockchain.com, the 7-day average HR value of the BTC network increased for the first time since May 11th. Although small, as only 1% of the rebound may suggest a slow stabilization of this very important indicator.
Although billions of new USDT have been printed in the last few months, this most popular stable coin has beaten the ripple and is now the third largest cryptocurrency by market cap.
The University of Daegu has made an agreement with the Korean Artificial Intelligence Association to create a campus for people interested in blockchain technology.
Many central banks around the world are considering their own digital currencies to start competing with cryptocurrencies such as bitcoin. Some countries have speeded up their work on this technology after Facebook announced its plans for the global digital currency Libra in June 2019, but only a few have taken real steps in this direction, while France has just successfully tested its CBDC central bank currency, the digital euro.
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