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Author: Bitnomics

Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization

January 17, 2021 BitnomicsBitcoin News

Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian…

Bitcoin

Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion

January 16, 2021 BitnomicsBitcoin News

Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on…

Bitcoin

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

January 16, 2021 BitnomicsBitcoin News

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about…

Bitcoin

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

January 16, 2021 BitnomicsBitcoin News

A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late…

Bitcoin

Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab

January 16, 2021 BitnomicsBitcoin News

On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be…

Bitcoin

Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position

January 16, 2021 BitnomicsBitcoin News

Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position According to the video uploaded…

Bitcoin

TNABC Miami’s Eighth Annual Conference Goes Virtual, Event Underscores Technology’s Important Role

January 16, 2021 BitnomicsBitcoin News

On January 28-29, 2021, The North American Bitcoin Conference (TNABC) is preparing to kick off its eighth exhibition with another cryptocurrency and blockchain-focused event. The event organizers have lined up more speakers than ever, as this year’s TNABC is going…

Bitcoin

French Programmer Sent Bitcoin Donations to Far-Right Activists Who Participated in the US Capitol Riots

January 16, 2021 BitnomicsBitcoin News

A crypto forensic analysis reveals that a French donor sent over $500,000 worth of bitcoin (BTC) to far-right activists in the United States. The half-million dollars went to the groups that took part in the pro-Trump riots in the U.S.…

Bitcoin

Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

January 15, 2021 BitnomicsBitcoin News

The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in…

Bitcoin

$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees

January 15, 2021 BitnomicsBitcoin News

During the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion…

Bitcoin

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Bitcoin News
January 17, 2021

Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization

Russia is now holding more gold than U.S. dollars in its reserves…

Bitcoin News
January 16, 2021

Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion

Switzerland’s principal stock exchange has revealed that its crypto trading volume hit…

Bitcoin News
January 16, 2021

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

Researchers at the International Monetary Fund (IMF) have examined the central bank…

Crypto Flash News
January 16, 2021

Algorithmic asset experiments continue to entice traders & developers

On the frontiers of algorithmic assets, trading isn’t the only activity that…

Bitcoin News
January 16, 2021

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

A Russian company is leveraging the Siberian city of Norilsk located above…

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