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Tag Archives: cryptocurrencies

Cryptos, CBDCs Are Sanctions-Resistant, Can’t Help Russia For Now

Mar 9, 2022

Olusegun Ogundeji

Contrary to the view shared in some quarters, a fintech expert and the author of ‘Cashless’, a book on China’s digital currency revolution, Richard Turrin, has ruled it out that Russia could use cryptocurrency and central bank digital currencies (CBDCs) to avoid sanctions following its...

China Intensifies Hunt For Hidden Cryptocurrency Miners

Sep 21, 2021

Although the Chinese authorities claim to have rounded up their clampdown on cryptocurrency activities, the search for cryptocurrency miners continues. According to reports, this search is targeted at fishing out the individuals and corporations that may be carrying out crypto mining activities u...

Report: Institutions Contribute Over 50% Trading Volume to Huobi

Jul 20, 2020

Vincent He

Huobi, one of the major crypto exchanges in China disclosed the latest business data in a report jointly revealed by investment institutions IOSG and Huobi. The report revealed that Huobi currently has more than 15 million users (over 80% are from foreign countries), and the latest DAU...

PayPal’s Rumoured Foray into Crypto is for Adoption, Experts Agree

Jun 26, 2020

Olusegun Ogundeji

Adoption comes first for some industry insiders on what would be the main outcome of the rumoured plan that digital payment giant, PayPal, is preparing to support crypto transactions on its platform. If it goes through, they see crypto exposure to PayPal's over 320 million users having an i...

Rising US-China Tension May Impact Crypto Market Again

May 30, 2020

Olusegun Ogundeji

Tension between the U.S. and China is rising again and there is an indication that it could lead to a full-blown financial tussle which could invariably have an impact on the cryptocurrency market. It's likely the U.S. Treasury Department could impose controls on transactions and freeze ...

Online Purchases Top Crypto Use as Adoption Reportedly Grows

Apr 23, 2020

Olusegun Ogundeji

In time for a Reuters analysis which puts Bitcoin as having outperformed stocks this year, new reports hint at what Bitcoin, as well as other major cryptocurrencies, are being used for. With one claiming they are used more for online purchases while the other cites their use for child porn has ...