National Bank of Cambodia explores Bakong cross-border transactions
Cambodia’s digital money project Bakong is working closely with Thailand’s central bank and Malaysia’s largest bank, Maybank to execute CBDC cross-border transactions. The National Bank of Cambodia (NBC) announced various project milestones as part of its central bank digital currency-like program known as Bakong. Chea Serey, the director-general of NBC and the Bakong project manager […]
Bitcoin payments are now accepted by a Xiaomi retailer in Portugal
A partnership with Utrust has enabled the official Portuguese shop of Chinese electronics giant Xiaomi to accept payments in five cryptocurrencies. With the addition of Bitcoin (BTC) payments to its official Portuguese shop, Chinese electronics manufacturer Xiaomi has become the latest global company to become involved in the cryptocurrency industry. Mi Store Portugal, the official […]
Binance restricts Hong Kong users from trading derivatives
Largest crypto exchange by trading volume Binance has announced a restriction to crypto derivatives traders in Hong Kong while at the same time giving the users a 90 day period to close open positions. Binance, a major cryptocurrency exchange, has announced that it will restrict Hong Kong users access to derivatives products in an effort […]
Chinese government’s ban on Bitcoin mining is a “game changer” for the adoption of EV
It is the first time in China that a province has announced an ambitious electric vehicle campaign, taking advantage of the additional power capacity made available by Beijing’s ban on Bitcoin mining. Because of Beijing’s crackdown on energy-guzzling Bitcoin (BTC) mining, Guizhou province has become the country’s first to make use of its newly freed-up […]
YouTube star KSI says Bitcoin is the future
A previous loss of $9.74 million (£7 million) in cryptocurrency investment has been attributed to “over leveraging” by British YouTuber KSI. KSI, a well-known YouTube personality , is a member of a group of cryptocurrency investors who made and lost a lot of money during the most recent Bitcoin (BTC) crash. However, in his most […]