Cryptocurrency
EU’s Markets in Crypto Act
The European Union’s legislature has granted final approval to the Markets in Crypto Assets (MiCA) regulations, which are the new common rules for the crypto space in Europe. The MiCA will regulate the supervision, consumer protection, and environmental safeguards of ..
Month: Current Affairs – April, 2023
Category: International / World Current Affairs
The Collapse of FTX Cryptocurrency Exchanges
The FTX – one of the world’s largest cryptocurrency exchanges – collapsed. Its founder, Sam Bankman-Fried’s fortune fell from nearly 16 billion USD to zero within days after his company filed bankruptcy protection in the United States in November 11. ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
MENA region – world’s fastest crypto adopter
The Middle East and North Africa (MENA) region is the fastest growing cryptocurrencies market in the world. Key facts The 2022 Global Crypto Adoption Index released by the blockchain researcher Chainalysis revealed that the Middle East and the North Africa ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs • Reports & Indexes Current Affairs
“The Merge” of the Ethereum
Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that changes how new crypto transactions take place on the blockchain. The Ethereum ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • Science & Technology Current Affairs
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
What is Crypto Jacking?
Crypto jacking, a type of cybercrime in which cryptocurrencies are mined through hacked computers, has reached a record high in 2022. According to a recent report, the number of global crypto jacking incidents has increased by approximately USD 66 million ..
Month: Current Affairs - July, 2022
Category: Science & Technology Current Affairs
Dubai Virtual Assets Regulation Law
Dubai has introduced crypto asset regulation, joining the ranks of Singapore, the United States, the United Kingdom, El Salvador, and other countries that have enacted cryptocurrency laws. The Virtual Asset Regulation Law has been passed by Dubai to regulate this ..
Month: Current Affairs - March, 2022
Category: International / World Current Affairs • Legal & Constitution Current Affairs
US Executive order on Cryptocurrency
On 9th March 2022, U.S. President Joe Biden signed an executive order on cryptocurrency. About the executive order The executive order called on U.S. federal agencies to examine the risks and benefits of cryptocurrencies. The order also mentioned the need ..
Month: Current Affairs - March, 2022
Category: Science & Technology Current Affairs