Cointelegraph predictions for the first 5 CBDCs of 2021-2022
2021 & 2022 touted to be the most important years for the development of CBDCs Go to Source Powered by WPeMatico
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Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report
Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. Bitcoin Miners Could Find ‘Lucrative’ Opportunities in Norway and Sweden According to a Bloomberg report, the Nordic region, specifically Norway and Sweden, … Read more
Genesis Mining Is Converting Excess Bitcoin Datacenter Heat Into Greenhouse Power in Sweden
One of the largest bitcoin mining operations in the world, Genesis Mining, has been working on an experiment with Systemair, Lulea Technical University, Research Institute of Sweden, and the local Boden municipality. The teams in Sweden are developing a system that converts excess heat from Genesis’s bitcoin mining to power greenhouse operations. Bitcoin mining is … Read more
Sweden is studying a potential transition to the e-krona CBDC
Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. Go to Source Powered by WPeMatico
Leaders of global CBDC projects talk shop in panel today
Central bank digital currency interest continues gaining global traction. Go to Source Powered by WPeMatico
Senior Japanese official fears China being ‘first-mover’ in digital currency
China might gain control over global CBDC standards, a Japanese official warns. Go to Source Powered by WPeMatico
No need for central bank digital currency in Australia says Reserve Bank
Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. Go to Source Powered by WPeMatico
Public interest in central bank digital currencies surpasses Bitcoin in 2020
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. Go to Source Powered by WPeMatico
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it … Read more
Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger
Arcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm. Vertical Ventures will buy Arcane Crypto for $33 million by issuing over 6.6 billion new shares. Each share cost $0.005 or half a cent, according to a statement … Read more