Bitcoin News and Finance: What You Need to Know

The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues. Iran Resumes Issuing Licenses to Crypto Miners The Iranian government approved a set of “comprehensive and detailed” crypto regulations during a meeting last week that include provisions for crypto mining. Reza Fatemi Amin, Iran’s minister of Industry, Mine, and Trade, said his ministry now has permission to resume issuing licenses for crypto mining, local media reported. He was quoted as saying: Based on the rulings by the government, the entities that apply to mine crypto assets can get an establishment license and an operating license. A pair of licenses are needed before an entity can start mining cryptocurrencies in Iran: an establishment license and an op...

U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.” US Lawmaker on Regulation and Why Congress Won’t Ban Crypto Congressman Brad Sherman (D-CA) shared his views on cryptocurrency and its regulation in an interview with the Los Angeles Times, published Sunday. The U.S. lawmaker from California, who chairs a House subcommittee on investor protection, wants to outlaw cryptocurrency but does not believe Congress will take such action. “I don’t think we’re going to [ban crypto] anytime soon,” he told the news outlet. “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto,” Sherman explained, elaborating: We didn’t ban it at the beginning because we didn’t realize it was important, and we didn’t b...

On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and ethereum web pages. California and Illinois Lead the Pack, New Jersey and Indiana Ranked the Lowest Between May 2 and August 21, 2022, Coingecko’s researchers conducted a study that aims to determine the top 10 and 20 states in America that are the most interested in the two leading cryptocurrencies, bitcoin and ethereum. Coingecko utilized the site’s web traffic data and indexed the data set to 100, with 100 being the highest point for web page traffic scores. The crypto market aggregation website is popular as it has a similarweb.com global rank of 1,743 and in the U.S. it’s 3,150. In the last month, coingecko.com recorded 44.4...

The Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central bank expects the digital currency to improve the efficiency of Ghana’s settlement systems as well as to “fast-track cross border trade.” CBDC to Complement Mobile Money The Ghanaian central bank has moved to allay fears that the implementation of the central bank digital currency (CBDC) known as the e-cedi might adversely impact the operations of mobile money operators (MNO). In a speech delivered at the recently held stakeholder’s forum, Clarence Blay, the Bank of Ghana (BOG)’s assistant director of fintech and innovation said the central bank would ensure that operations of MNOs are not disrupted. In the Joy Online report, Blay is quoted outlining the principles guiding the BOG as it moves ahead with plans to launch the CBDC. He reportedly said: For the central bank, one of the critical pr...

Just over 11% of United Arab Emirates (UAE) residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly said. Globally, the United Arab Emirates is now ranked tenth in terms of cryptocurrency investment rate. UAE’s Mission to Become a Global Crypto Hub According to a study by the United Arab Emirates telecoms regulator, the Telecommunications and Digital Government Regulatory Authority (TDRA), about 11.4% of the country’s residents own or have invested in cryptocurrencies. With this proportion of residents exposed to crypto, the UAE now ranks among the top ten countries with the most crypto-investing residents. As per a report in the Khaleej Times, the findings of the TDRA’s 2022 Digital Lifestyle study suggest that the UAE may be on course to fulfill its goal of becoming a global hub for digital assets. In addition, the revelations in the TDRA’s Digital Lifestyle report to some ...

The official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul. Hackers Air Interview With Musk via Korean Government’s Youtube Account The official Youtube channel of the South Korean government has become target of a hacking attack on September 3, 2022. The perpetrators have managed to broadcast a crypto-themed video, the Korean Yonhap news agency revealed in a report based on statements by officials from the executive power in Seoul and Google. In the early morning hours on Saturday, the channel on the video-sharing platform appeared to have been hacked as its name changed to “Spacex Invest.” It also showed a live broadcast dedicated to cryptocurrency that included an interview with U.S. business magnate and Spacex founder and CEO Elon Musk. A representative of the Republic o...