Cryptocurrencies

International Internet Magazine. Baltic States news & analytics Monday, 22.10.2018, 11:13

Lithuania's cryptocurrency market was worth EUR 660 mln in 2017 – FCIS

Lithuania's cryptocurrency market was worth EUR 660 mln in 2017 – FCIS

05.10.2018

Major transactions, worth around 660 million euros, have been carried out on the Lithuanian cryptocurrency market since the start of 2017, done by 542 natural and legal persons, an analysis by the country's Financial Crime Investigation Service has shown, referred LETA/BNS.

Keyword tags: Banks, Cryptocurrencies, Financial Services, Lithuania



Lithuanians have an idea how to reduce crypto mining costs

Lithuanians have an idea how to reduce crypto mining costs

25.09.2018

During the largest non-profit ICT and entrepreneurship event in the Baltic States #SWITCH held in Vilnius, winners of the Smart Energy Hackathon organized by Lietuvos Energija, the energy companies group of Lithuania, were elected. The main prize, EUR 1,500 in the selected cryptocurrency, was awarded to the team that created a platform prototype which is intended for cryptocurrency mining based on the sharing principle, informed Lietuvos energija.

V. Vasiliauskas: Clear ‘rules of the game’ needed for the booming crypto sector

V. Vasiliauskas: Clear ‘rules of the game’ needed for the booming crypto sector

11.09.2018

Participating in the informal Ecofin meeting held on 7-8 September in Vienna, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, shared Lithuania’s experience in crypto assets regulation. Discussions on the importance of regulating this sector at the EU level have been initiated by Austria, which currently holds the Presidency of the Council of the European Union.


Company mining cryptocurrency in territory of VKG in Estonia postpones ICO

Company mining cryptocurrency in territory of VKG in Estonia postpones ICO

30.07.2018

Nordcoin Mining OU, a company that at the beginning of 2018 started mining cryptocurrency in the territory of the northeast Estonia based oil shale mining and oil shale energy company Viru Keemia Grupp (VKG) and installed a container park necessary for mining the currencies in the territory of VKG, is postponing its initial coin offering (ICO) citing bad communication with the Financial Supervision Authority, according the daily Eesti Paevaleht reports LETA/BNS.

Blockchain sandbox project LBChain moving to the next stage

Blockchain sandbox project LBChain moving to the next stage

19.07.2018

The Bank of Lithuania call for proposals to create a blockchain sandbox dubbed „LBChain“ received a great deal of attention from developers: with 9 tenders received, 4 companies were selected to move on to the next stage of the pre-commercial procurement – UAB Deloitte verslo konsultacijos, IBM Polska Sp. z.o.o., UAB Tieto Lietuva and UAB INNTEC, informed Bank of Lietuva.


06.03.2018

The Central Bank of Lithuania to issue the world’s first digital collector coin

Taking a groundbreaking step, the Bank of Lithuania is set to make history, issuing a one-of-a-kind digital collector coin already this year. The coin will be designed using blockchain or other equivalent technologies.


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