A recent survey conducted by French payroll software provider Payfit has revealed that 20% of French workers are interested in receiving all or part of their salaries in cryptocurrency. The survey, reported by French media outlet Cointribune, found that a significant portion of respondents preferred receiving remuneration in crypto rather than fiat currencies. Interestingly, the
Blockchain
In a recent op-ed, Bloomberg columnist Matt Levine delves into the extravagant spending habits of cryptocurrency exchange FTX, shedding light on the allure of celebrity endorsements and influential connections within the crypto industry. According to Levine, FTX is perhaps the best example among companies in the crypto sector that have recognized the potential of associating
BitGo CEO, Mike Belshe, recently announced that despite abandoning the Prime Trust deal, the company has multiple other acquisitions in progress. In an interview with CoinDesk TV, Belshe mentioned that there are pending acquisitions that have not been publicly announced yet. He also predicted that the cryptocurrency industry would witness consolidation within the next six
The Swiss Central Bank, under the leadership of Chairman Thomas Jordan, has recently made an announcement concerning the launch of a wholesale central bank digital currency (CBDC) pilot. This pilot program will be conducted on Switzerland’s SIX digital exchange and is set to commence in the near future, as reported by Reuters. Chairman Jordan revealed
Creditors of the bankrupt crypto lending firm, Celsius Network, have amended their class-action lawsuit to include algorithmic trading firm, Wintermute. The plaintiffs now allege that Wintermute aided Celsius in wash trading, an illegal activity where the same crypto or security is sold and bought to generate misleading market information. The latest court filing shows Wintermute
The Rolante Hospital Foundation (FHR), a large general hospital in the municipality of Rolante, has become the first hospital in Brazil to accept cryptocurrency as payment. FHR is the oldest hospital in the municipality, and patients will now be able to use cryptocurrency to pay their medical bills, for outpatient treatment, and to buy medicine.
A report by the Bank for International Settlements (BIS) has proposed a unified electronic ledger that combines central bank digital currencies (CBDCs) and other tokenized assets, which has the potential to enhance the global financial system. It would leverage automated smart contracts on blockchains like Ethereum to facilitate seamless transactions. The report highlights the current
CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has obtained a crypto custody license from France’s Financial Markets Authority (AMF). With the new license, CACEIS Bank is now authorized to provide digital asset custody services. The AMF conducts various checks on companies before granting licenses, including checks on the competence of managers
Iris Energy, a Nasdaq-listed Bitcoin mining company, has revealed its plans to expand its operations to meet the growing demand for data centers for Artificial Intelligence (AI) applications. Expansion Plans In a press release, the company announced that it will expand to 9.1 EH/s (exahashes per second) and revamp its high-performance computing (HPC) data center
According to experts, Russia is reportedly becoming a crypto mining hotspot. The nation claims its crypto mining hashrate is second only to that of the USA. Nikita Zuborev, a Senior Analyst at the domestic crypto platform BestChange, said that there are many advantages of mining crypto in Russia. One of which is relatively low electricity