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.
Blockstream announced a new project, DG Lab Fund, a collaboration between two companies, Digital Garage and Daiwa Securities Group. Funding for this project is $80 million
Korean multi-billion dollar ATM conglomerate Hyosung has announced that it will now be possible to buy Bitcoin at its ATMs. This project was brought to life with the support and cooperation of Just Cash.
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.
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