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.
According to the Turkish newspaper Habertürk, police recently managed to arrest a gang of five extortionists in Merter, a suburb west of Istanbul, one of the country's largest cities. This was the first crime in Turkey to steal cryptocurrency. The attackers managed to steal 450 bitcoins worth more than $3.54 million from a Turkish businessman this week, according to the newspaper.
Japan accepted Bitcoin as a legal form of payment earlier this year, and the country's Bitcoin trade now accounts for about half of global trade.
In September, LendENU asked thousands of Americans if they knew anything about Bitcoin. The lion's share of respondents answered that they know about Bitcoin (78.60%). However, 21.40% responded that they had not heard anything about it.
Although Ripple is “a good investment right now,” according to independent agency Weiss Ratings, XRP could struggle in the long term.
Although the Central Bank does not have the authority to regulate Bitcoin, Benoit Curie shared the bank's position in an interview with Le Journal du Dimanche on October 29. In this interview, he confirmed that the bank is following the development of cryptocurrency and briefly outlined his views on Bitcoin and other cryptocurrencies.
According to Motherboard, the Korean company Samsung has built a mining rig made from 40 old Galaxy S5 devices that run on the new operating system.
According to the Bank for International Settlements (BIS), the world's central banks cannot ignore the growth of cryptocurrencies, as it could threaten the stability of the financial system. According to the BIS, banks should decide whether to issue a cryptocurrency and, if so, what its characteristics should be.
US Treasury Secretary Steven Turner Mnuchin made his first public comments on Bitcoin in a recent interview on November 9, 2017, which focused mainly on the US tax code.
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