Fiat Currency Definition Fiat money is a form of currency issued by a government that is not backed by tangible assets such as gold. Fiat money includes the US dollar, the euro, and the pound. Could you imagine having to carry gold around with you while you went grocery shopping for the week? Earlier in…
Free Invoice Generator – Get Paid Faster with Hiveage
Not every business can afford, or perhaps even need a dedicated invoicing generator. If you generate invoices only occasionally, or if you simply want to save time and money on administrative work like invoicing, creating your invoices by hand (with, say, word processing software) might not be a bad idea after all. But for many…
Massive 70 MW Bitcoin Mining Rig Shipped to Russia
Big moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country. Delivery Took Place at the End of 2020 According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total power…
Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made…
Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central…
Indian Government Confirms Crypto Bill Is Being Finalized — Existing Laws Inadequate
The Indian government has spoken about the cryptocurrency bill again. This time, the minister of state for finance has clarified the status of the crypto bill that is expected to be introduced in parliament during the current session. Indian Ministry of Finance Clarifies Crypto Bill Status The subject of bitcoin and the cryptocurrency bill…