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UNITED NATIONS | Families came first for remittances in Pandemic says UN Chief

UNITED NATIONS, New York, June 16, 2021 - The Secretary-General Antonio Guterres' message to mark the International Day of Family Remittances, comes as World Bank data showed that cash wired home from migrants in wealthy countries, dropped only 1.6 per cent in 2020 from 12 months earlier, to $540 billion, far lower than initial estimates. 

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UNITED NATIONS | Families came first for remittances in Pandemic says UN Chief

Bitcoin: China’s crackdown isn’t enough – only a global effort can stop crypto’s monstrous energy demand

Huge concrete data centres, permanently plugged into power plants and telephone exchanges, maintain much of online life. But the infrastructure behind internet-based cryptocurrencies such as bitcoin, dogecoin and ethereum is more like a rusty travelling circus. And right now, that circus is on the road.

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Bitcoin: China’s crackdown isn’t enough – only a global effort can stop crypto’s monstrous energy demand

How nonfungible tokens work and where they get their value – a cryptocurrency expert explains NFTs

An attorney friend recently asked me out of the blue about nonfungible tokens, or NFTs. What prompted his interest was the sale of a collage composed of 5,000 digital pieces, auctioned by Christie’s on March 11, 2021, for a remarkable US$69 million. Mike Winkelmann, an artist known as Beeple, created this piece of digital art, made an NFT of it and offered it for sale. The bidding started at $100, and the rest of the auctioning process transformed it into a historical event.

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How nonfungible tokens work and where they get their value – a cryptocurrency expert explains NFTs

Bitcoin: UK banks are getting tough on crypto, but money-laundering rules are the real problem

NatWest, the UK retail bank, has announced it will not engage with business customers who accept payment in bitcoin or other cryptocurrencies. It follows recent announcements from HSBC that it won’t allow transfers from digital wallets and won’t enable customers to buy shares in companies associated with cryptocurrencies, such as Coinbase or MicroStrategy.

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Bitcoin: UK banks are getting tough on crypto, but money-laundering rules are the real problem

Bitcoin: what Elon Musk’s U-turn on Tesla payments means for future of crypto

Tesla’s relationship with cryptocurrencies has been a stop-start rollercoaster. In February, the electric vehicle manufacturer announced it had purchased US$1.5 billion (£1.1 billion) of bitcoin and planned to accept the cryptocurrency in future as a means of payment from its customers. The price of the largest cryptocurrency surged that day from just over US$39,000 to US$46,000, on its way to an all-time high of almost US$65,000 in April – and a paper profit of well over US$1 billion for Tesla.

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 Bitcoin: what Elon Musk’s U-turn on Tesla payments means for future of crypto

China’s digital currency could be the future of money – but does it threaten global stability?

China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot in Suzhou City, near Shanghai in eastern China, where 181,000 consumers were given ¥55 (£6) of free money in digital wallets to spend at participating outlets in the Double Fifth shopping festival between May 1 and 5.

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China’s digital currency could be the future of money – but does it threaten global stability?
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