The Association of Banks of Russia (ADB) published a report in which it proposes to tax the extraction of cryptocurrencies and any transactions with their participation. In this case, mining is proposed to be equated to the discovery of treasure. “Using legal fiction, it could be argued that the first owner of the crypto assets“…
In Siberia, cheap electricity, cold climate and abandoned Soviet industrial infrastructure have made the Irkutsk region an attractive place for crypto miners. Bratsk is one of the largest hydroelectric power stations in Russia. The massive dam and generator supplies the mining farms in the region. Cheap electricity actively attracts miners from all over the world,…
Former US Federal Reserve senior manager Simon Potter said it makes no sense to replace the US dollar with digital currency as the world’s reserve currency. Earlier, the head of the Bank of England, Mark Carney, expressed the view that it was time to stop using the US dollar as a global reserve currency and…
Software company Emsisoft claims to have the solution for WannaCryFake. Emisoft announces this in its last blog post. WannaCryFake is a form of ransomware, or hostage software. WannaCryFake is a new version of WannaCry, the ransomware that ravaged many computers from 2017. Do not pay bitcoin to access your files Do you have WannaCryFake on…
Fintech-startup SoFi has announced the launch of a service for trading cryptocurrencies on its platform. More than 800,000 people have benefited from the SoFi investment application. The launch of the service was a response to the growing demand of customers. Now users can trade in three cryptocurrencies – BTC, LTC and ETH. however, SoFi plans…
The price of Bitcoin has dropped from $ 10,000 to $ 8,000 in a very short period of time. Many analysts who had stated that this year’s minimum value has been reached are now crammed into making bleak predictions. Positive predictions claim that, since the BTC price reached close to $ 8,000 and returned to…
Emsisoft, a software development company, has released the WannaCryFake ransomware virus utility. WannaCryFake is a modification of the acclaimed WannaCry virus, which appeared back in 2017. The virus encrypts files on users’ computers using the AES-256 algorithm, after which it requires a ransom in bitcoins. “You will have to pay for the decryption. We accept…
25,000 stores and 30 brands in France, including Boulanger, Foot Locker, Decathlon, Conforama, Maison du Monde, Norauto and Sephora, will accept Bitcoin payments from next year. Implementation will be carried out by East2Play startup, which developed the EasyWallet application in collaboration with Global POS. The operational activities of the stores will not change, because the…
The opportunistic traders took advantage of the BTC price differences on the exchanges With yesterday’s Bitcoin price collapse, worth close to $ 1500, opportunistic traders have reaped significant benefits. It is about exploiting the price differences that appear on the different exchange platforms (known as premiums). For example, for a short period, Bitcoin sold on…
Last week, the Financial Times reported that Google was about to create a quantum computing device. Apparently, the project documentation would have been accidentally published on the NASA site before it was withdrawn. Fortune later reported that Google has developed a quantum device. It uses qubits and not traditional bits – and can perform complex…
