N-Economy

Azerbaijan Rejects Crypto as Means of Payment

3 months ago adcity Comments Off on Azerbaijan Rejects Crypto as Means of Payment
Emerging Markets The chairman of Azerbaijan’s Central Bank (CBA), Elman Rustamov, has described the nation’s position regarding cryptocurrencies as ‘conservative’ according to local reports. Mr. Rustamov stated that the CBA does not recognize cryptocurrencies as a legitimate means of payment and that the central bank intends to develop a “legislative infrastructure” before “introducing technology.” Read More

ECB Wants Digital Cash for Banks to Keep up With Bitcoin

3 months ago adcity Comments Off on ECB Wants Digital Cash for Banks to Keep up With Bitcoin
Economics While American central bankers are still just monitoring the risks bitcoin poses to the established banking system, their counterparts across the Atlantic are already preparing to compete with the popular cryptocurrency. A member of the European Central Bank (ECB) executive board has called on commercial banks to implement new solutions that, in his view, will Read More

Tobam Launches European Bitcoin Mutual Fund

3 months ago adcity Comments Off on Tobam Launches European Bitcoin Mutual Fund
Featured Paris-based asset manager, Tobam, has launched the first bitcoin mutual fund in Europe. The fund has been approved by France’s financial regulator, the Autorite des Marches Financiers (AMF), and is classified as an alternative investment fund. Also Read: Man Group Hedge Fund May Be Next to Launch Bitcoin Futures  Founder Has Stated His Expectation That Read More

Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia

3 months ago adcity Comments Off on Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia
Mining The Russian Minister of Communications and Mass Media, Nikolai Nikiforov, has expressed his belief that bitcoin will not be legally recognized as a means of payment in the Russian Federation. Despite the statements, Russia still appears poised to make a bid for global dominance in the cryptocurrency mining industry. Also Read: Russia Unveils Details of Read More

Cryptocurrency Mining Malware Targets Australians via SMS

4 months ago adcity Comments Off on Cryptocurrency Mining Malware Targets Australians via SMS
Security Australians have increasingly become the target of an SMS-based bitcoin mining scam. The scam entices users with fictional free bitcoins that supposedly can be located at two shortened URLs; however, if visited, the USR will hijack that user’s computing power for the purpose of mining cryptocurrency on behalf of the scammers. Also Read: Samsung Builds Read More

Chinese Analyst: ”Bitcoin Nuclear Bomb In New Currency War Between China and USA”

4 months ago adcity Comments Off on Chinese Analyst: ”Bitcoin Nuclear Bomb In New Currency War Between China and USA”
News Xiao Lei, a Chinese financial analyst, has published an article that seeks to argue that the spheres of bitcoin and cryptocurrency are increasingly becoming a battleground in “a new currency” war between China and the United States. Despite some bitcoin users describing Lei’s views as conspiratorial, the article has garnered significant attention after becoming Read More