News

CIO and board member of the Moscow Exchange Andrey Burilov said that the exchange plans to launch a product based on digital financial assets ( CFA) this year. Burilov told the TASS news agency in an interview that the stock exchange is already exploring the…

After it became known yesterday about Tether’s new partnership with top 10 global auditors BDO International, the USDT issuer today reported on its reserves in securing the largest stablecoin (recall, now such reports will be made not quarterly, as it used to be, but monthly)….

The largest Ethermine mining pool on the Ethereum network stated that none of the potential forks based on the Proof-of-Work (PoW). “After seven long years of research and development, the Ethereum mining phase will end on September 15, 2022. After this date, it will not…

The European Central Bank (ECB) has said that the transition to a national digital currency will reduce risks to the financial systеm. According to a working paper aimed at identifying issues and reaching consensus on a state-owned cryptocurrency (CBDC), the introduction of a CB digital…

Cryptocurrency exchange Coinbase believes that stablecoins backed by the US dollar and other fiat currencies will increase access to financial services and Web3. Coinbase has posted a series of tweets stating that stablecoins will be the backbone of financial services in the future. They will…

The US Federal Reserve plans to expedite processing of applications from crypto banks for master accounts, as the current systеm is not suitable for institutions offering crypto services. Under the new banking industry watchdog rules introduced by the US Federal Reserve, institutions offering new types…

KYC (Know Your Customer) — mandatory for financial institutions (banks, stock exchanges, bookmakers, etc.) procedure for identifying counterparties. Includes selection procedures (criteria for who can become a client) and identification (passport data, biometric data), as well as transaction tracking and analysis.Analytical systems do not rely…

Proof-of-Work and Proof-of-Stake are two of the most well-known consensus algorithms in cryptocurrencies. They offer proof-of-work mechanisms that differ in their structure. What is Proof-of-Work? Proof-of-Work (PoW – literally: proof of work) is an algorithm for protecting distributed systems from abuse (DoS- attacks, spam mailings,…

The Monero (XMR) cryptocurrency mining pool called MineXMR has announced its closure. The platform team asked miners to reconfigure their equipment to other pools by August 12.The MineXMR mining pool is the largest pool on the Monero network. As of August 1, about 9.5 thousand…

Happy New Year to our customers! We wish you more profit and great growth in all cryptocurrencies in the New Year 2022.