In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
The Winter Olympics are a source of much discussion and controversy, but this year cryptocurrency lovers have another topic to discuss - a team of athletes has chosen Bitcoin as a sponsor.
Coincheck quickly sorted out the issue of paying out capital to investors who suffered after the hack at the end of January. As of last Tuesday, all user withdrawal requests that were received before February 11th have been satisfied.
Minister of Infrastructure of Ukraine Vladimir Omelyan said that by the end of this year the department is going to launch a single end-to-end bus-railway-air ticket. To do this, it is necessary to create a unified database of carriers, the register of which will be based on blockchain technology. This should protect the system from all kinds of fraud.
Bitcoin Foundation executive director Lew Klaasen predicted that the price of bitcoin will rise to $40,000 this year, while 90% of other cryptocurrency projects are doomed to fail, Business Insider reports.
Experts say electricity consumption will increase by another 30% next month. The more digital currency “miners” connect to the network, the higher the hashrate is likely to become. Again, everything is decided by one aspect - whether the country can cover its electricity needs.
Originally developed to speed up and reduce the cost of cryptocurrency transactions, the technology was first used to work with Bitcoin. However, due to the growing popularity of altcoins, their developers are beginning to realize how necessary this technology is for working with cryptocurrency.
Ripple is confidently moving forward and strengthening its position. According to Bloomberg, Western Union CFO Raj Agrawal announced the start of the process of studying digital currency technology XRP, thereby confirming rumors about cooperation between the companies that had been circulating for about a month. So far, this news has not affected the XRP rate in any way.
In the third edition of the Forbes Fintech 50, a list of the 50 largest fintech companies of 2018, released on February 13, 11 of the 50 companies use blockchain technology or are in some way related to the cryptocurrency market.
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