Short answer? No, it’s not a myth! It’s already happening.
Before analyzing this perspective, it is important for you to realize that there are multiple types of blockchains in the market and some of them require you to have a cryptocurrency for catering to the expenditures of the platform you build.
But since the usage…
The Russian government has long sent mixed signals over blockchain use and cryptocurrency adoption, yet a number of signs point to substantial moves toward state regulation over the course of the next few weeks. Although it is highly unlikely that Russia will soon recognize crypto as legal tender, there is no doubt that its leaders…
Welcome to the eighth edition of our weekly curated news article where we provide you with the widest possible overview of the most important events that have transpired in cryptocurrency and blockchain developments. We've made sure to analyze all of the news reports available on the internet and reviewed them for relevancy. This article is…
This year continues to be the most significant for blockchain development and adoption as the technology quickly moves toward mainstream use. Also, despite the months-long decline in market caps, interest in cryptocurrency investing continues to grow, notably in the institutional sector. For years governments and central banks have held that regulation is necessary to protect…
Yaya Fanusie, a Forbes contributor recently published an article detailing Iran's intention to evade U.S. sanctions. The main goal is to create a blockchain-based solution for the banking sector in the country, in response to reactivated sanctions following Iran's nuclear development cessation agreement. The situation is similar to what was happening in Venezuela, a country…
Earlier this week, Hotelsiniran.com, a major Iranian hotel booking website, confirmed that it now accepts payments via cryptocurrencies. This move is part of a trend wherein economically isolated nations are using virtual currencies as a tool to avoid sanctions and other trade barriers. Actions such as these demonstrate the truly global, and revolutionary nature of…
After the incident of the recent international sanction placed on Iran and Russia, the financial systems of these governments have been at the verge of collapsing, and cryptocurrency seems to be the only hope for the economic rejuvenation of the two countries. The Iranian Commissioner for Economic Affairs –Mohammed Reza Pourebrahimi -has urged the central…
Telegram has been making headlines for quite some time now. The instant messaging app developed by the Durov brothers, Pavel and Nikolai, has built a deep connection to the cryptocurrency universe and has become a favorite messaging app for many in the industry. Its connection to the crypto community was made even deeper when they…
While, officially, Bitcoin continues to be illegal in Russia, President Vladimir Putin embraced blockchain technology in 2017 after a famous meeting with Ethereum designer Vitalik Buterin. Last summer we heard rumors of a Crypto-Ruble but no details. Today we have some more details but there are still a ton of questions to be answered. According to…
During the last couple of years, Russia’s attitude towards Bitcoin and other digital currencies has been quite difficult to understand, given the fact that both positive and negative measures have been taken at times. However, recent reports indicate that the Russian finance ministry is hard at work on a bill that would fully legalize all…