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Debunking myths about cryptocurrencies: myth that cryptocurrencies are used for tax evasion
... make it difficult for tax authorities to detect attempts to conceal income. In reality, blockchain captures data on all transactions in a detailed and transparent way, and is therefore ill-suited for concealing financial activity. YEREVAN, May 19. /ARKA/. Some believe that digital assets make it difficult for tax authorities to detect attempts to conceal income. In reality, blockchain captures data on all transactions in a detailed and transparent way, and is therefore ill-suited for concealing financial activity. Tax authorities track, fine, and hold accountable individuals and businesses that attempt to use cryptocurrencies ...
05/19/2023AMI Novosti Armenia and Armenian Blockchain Forum launch information channel on blockchain and innovative technologies
AMI Novosti Armenia news agency and the Armenian Blockchain Forum with the support of the ECOS infrastructure investment project will launch an information channel on blockchain and innovative technologies. YEREVAN, July 12. /ARKA/. AMI Novosti Armenia news agency and the Armenian Blockchain Forum with the support of the ECOS infrastructure investment project will launch an information channel on blockchain and innovative technologies. A series of educational articles will help visitors to the http://newsarmenia.am/ portal learn ...
07/12/2018Over 600 it specialists from many countries gather in Yerevan for Armenian blockchain forum
More than 600 IT specialists from many countries have gathered in Armenia for the first international Armenian Blockchain Forum. YEREVAN, April 23. /ARKA/. More than 600 IT specialists from many countries have gathered in Armenia for the first international Armenian Blockchain Forum. Armenian Blockchain Forum is a platform uniting practical knowledge of entrepreneurs, companies and experts, which ...
04/23/2018NFT: Why do people pay millions of dollars for something they can right-click to save?
... famous artist. And that's a whole other level of enjoyment. ARKA - And how does pricing work? Who determines the value of a particular digital work? M. Tsaturyan - By default an artist defines it himself or if it is an online gallery, it fixes prices. ARKA - Can we then say that NFT and blockchain have returned copyrights to creators? M. Tsaturyan - Absolutely! Plus, the tools to fight for copyrights work very well. There are examples when unscrupulous people and other artists simply copy someone else's work, publish from their wallet ...
04/20/2022Crypto Myths: Part 1: Misconceptions About the Nature of Crypto
With blockchain and its applications remaining uncharted territory to many people, falsehoods and misconceptions around crypto still abound. YEREVAN, April 12. /ARKA/. Main Takeaways . With blockchain and its applications remaining uncharted territory to many people, falsehoods and misconceptions around crypto still abound. Binance is on a mission to identify and dispel some of the most common false beliefs related to digital assets. For ...
04/12/2023Binance on cryptocurrency market regulation in Armenia: "We think there's no need to re-invent the wheel".
... as a source of valuable and verified information for our users for their DYOR (do your own research), but today we are approached by universities, research and education centers to help them fill out and create educational programs around the world. ARKA- Armenia aspires to become one of the world centers of technology development and, of course, this process will not ignore blockchain and cryptocurrencies. Are there any start-ups in Armenia that you have already started cooperating with or are planning to start working with after you enter the market? Should we wait for Armenian cryptocurrencies to be listed on Binance? ...
03/13/2023Visa tests large payments in USDC on Ethereum blockchain
... presentation from the company’s crypto division head at StarkWare Sessions 2023, reported Coin Telegraph. YEREVAN, February 6, /ARKA/. Payment company Visa is seeking to build “muscle memory” around settlements, with plans to allow customers to convert ... ... convert between digital tokenized dollars and traditional dollars.” The payment giant has been exploring how to incorporate blockchain technology into its existing network to move money faster, but settlements still take place on the Society for Worldwide ...
02/06/2023Armenian venture capital community and banks have a good understanding of what the cryptocurrency industry is all about, says Binance CIS regional director
... then went down to $3,000, then there was a new ‘bullish’ cycle with a record of $68,000, and so on. So there's no need to worry. Our company focuses on users, security, new product development, and we will continue to do so. We have no doubt that blockchain as a technology and cryptocurrency as an industry will only develop. ARKA- Users are aware of FTX, Celsius and Three Arrows Capital, which collapsed in one day. How can you trust other companies after that? And what is Binance doing to keep customers' trust? Vladimir Smerkis - All people, as well as countries, banking ...
09/07/2023The impact of technology on financial market. Would you trust robots with your money?
... famous example is NFT: tokens that denote ownership of unique objects, such as art and collectibles. Thus, the development of blockchain opens up ways for investors to invest in alternative assets with great growth potential. Automation is changing the ... ... profitable. The material was prepared within the framework of a joint project "The Year of Investing in Oneself " by ARKA, AMI Novosti-Armenia news agencies and Freedom Broker Armenia .
02/21/2024ARKA news agency launches ARKA-Crypto news feed
ARKA news agency has launched a news feed about cryptocurrency market, blockchain technology and digital economy ARKA-Crypto, creating a special section on its website at arka.am. YEREVAN, February 16. /ARKA/. ARKA news agency has launched a news feed about cryptocurrency market, blockchain technology and digital economy ARKA-Crypto, creating a special section ...
02/16/2024Armenia May Become a Cryptohub of the Region - Vice President of Binance
... if companies like Binance work here. Armenia can become a cryptohub in this region, and a lot of opportunities will open up. ARKA - Do we really need legislative regulations for this sphere to develop, or is it just a desire of states to take control ... ... in my experience of investigations there were difficult cases of crimes with cryptocurrencies, and I assure you that without blockchain technology most of them would not have been solved. I have realized how powerful and fast an investigative tool blockchain ...
10/19/2022The whole world is talking about NFT: what it is and how to make money from it
... new all-time highs and altcoins (all cryptocurrencies other than Bitcoin) were growing at a rapid pace. YEREVAN, May 24. /ARKA/. The end of 2020 saw the crypto markets boom and mature, with different sectors flourishing as Bitcoin, the world's first ... ... the future of the art world – NFT or non-fungible token. Some people try to describe NFT, others claim it is a visualized blockchain, and still others only see it as a digital picture. There are those who claim that it is just a new global financial ...
05/24/2022EEU able to create single settlement currency
... now to create a regional settlement currency, including a blockchain-based currency, Eurasian Development Bank (EDB) board chairman Andrei Belyaninov said at a Eurasian Media Congress in Almaty, Kazakhstan, on Thursday. ALMATY, September 6. /ARKA/. The Eurasian Economic Union (EEU) is in a position now to create a regional settlement currency, including a blockchain-based currency, Eurasian Development Bank (EDB) board chairman Andrei Belyaninov said at a Eurasian Media Congress in Almaty, Kazakhstan, on Thursday. According to him, today the situation across the Eurasian Economic Union is extremely advantageous,...
09/06/2018Top 5 areas for investment in 2024
... consider the factors that allow us to weigh up the situation and find promising sectors for development YEREVAN, July 25. /ARKA/ . The financial market is a dynamic environment influenced by internal and external processes. This complicates the task ... ... destination. The technology sector includes companies dealing with software and hardware, electronics, internet services, etc. The blockchain sector is of great relevance. Blockchain is a technology for storing, verifying and exchanging data over decentralised ...
07/25/2024Armenia on global financial and economic map; where to start from?
On January 31, 2023, Amundi-Acba brought together the leaders of different sectors of Armenian economy to discuss the current challenges and perspectives on global macroeconomics, asset management strategy, as well as crypto-assets and blockchain. YEREVAN, February 9, /ARKA/. On January 31, 2023, Amundi-Acba brought together the leaders of different sectors of Armenian economy to discuss the current challenges and perspectives on global macroeconomics, asset management strategy, as well as crypto-assets and blockchain....
02/09/2023World Bank predicts 4.1 percent growth for Armenia in 2018
The World Bank predicts 4.1% GDP growth for Armenia in 2018 in its Cryptocurrencies and Blockchain: Europe and Central Asia Economic Update report. YEREVAN, May 8. /ARKA/. The World Bank predicts 4.1% GDP growth for Armenia in 2018 in its Cryptocurrencies and Blockchain: Europe and Central Asia Economic Update report. It says the 7.5% growth recorded in 2017 was mainly driven by a recovery in the external environment ...
05/08/2018CIS cryptocurrency market may centralize in Armenia- SkyLabs representative on cryptocurrency regulation and impact of Russians' relocation to Armenia
... would reduce corruption to a minimum due to the fact that it is possible to trace the "path" of funds through the blockchain. We would like this format to be used at least in some sectors on a pilot basis. Through virtual currency, we will ... ... AMDC (digital dram) for its users; maybe it will be the first and useful step towards creation of digital currency in Armenia. ARKA - What prevents you from introducing a virtual currency at the national level? А. Togramajyan - The first issue is regulation....
10/20/2022What Armenian users need to know about cyber security: tips from ESET experts
... which is unintentionally downloaded by an employee. We should not forget the encryptors either, which are becoming epidemic. ARKA - In the context of future threats, what latest technologies is your company ready to use in the field of ensuring the safety ... ... information? In particular, which technologies, in your opinion, are the most promising? What about artificial intelligence and blockchain. Petrenko - Our company has been producing antivirus products for more than 30 years, and they regularly collect hundreds ...
08/26/2019Investments in sports and fashion: how to convert emotions into money
... on new products. - ‘Export’ of sports (popularisation of new sports, formats and tournaments) to developing countries. - Blockchain technology: the ability to acquire assets, such as collectibles in a new form (via tokens). Fitness Fitness is a related ... ... value of your assets. This article was prepared within the framework of the joint project ‘The Year of Investing in Oneself by ARKA and AMI Novosti-Armenia news agencies and Freedom Broker Armenia .
08/01/2024FINTECH360 international conference held in Yerevan with the support of Unibank
FINTECH360 international conference was held in Yerevan with the support of Unibank. YEREVAN, April 22. /ARKA/. FINTECH360 international conference was held in Yerevan with the support of Unibank. This year more than 300 participants ... ... fintech development during two days. The main topics on the conference agenda included AI applications in financial services, blockchain, cryptocurrency, DeFi and digital assets, the development of international money transfers and payment systems, how ...
04/22/202570% of Armenia’s Binance users to continue investing in crypto, survey says
66% of respondents believe that cryptocurrencies are necessary for the development of the global economy YEREVAN, July 4. /ARKA/. In 2024, 70% of Binance users plan to continue investing in cryptocurrencies, while only 3.8% reported that they do not plan to invest in digital assets in 2024, a survey by Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, revealed on Thursday. Additionally, 66% of respondents believe that cryptocurrencies are necessary for the development of the global economy. The main goal of the survey was to conduct an ...
07/04/2024Doing Digital Forum Returns Featuring Brett King as Keynote Speaker
... addressed. The Doing Digital Forum welcomes all enthusiasts of digital transformation and advancement of the digital economy. For the second year in a row, the innovation partner of the event is Visa, the investment partner is Apricot Capital and the blockchain partner is Fastex. The partners of the DDF24 are Ucraft and Hoory. *** The inaugural Doing Digital Forum titled “Exploring Digital Future" achieved remarkable success, featuring keynote speaker Chris Skinner, a globally recognized expert in fintech and digital transformation. DDF23 hosted over 20 leading speakers, including representatives from the RA Government and Central Bank, and various local and ...
03/05/2024Fastex to Provide up to 5 Million $FTN to the “Olympionic” Sports Foundation
... “Olympionic” sports charitable foundation and Fastex have signed a memorandum of cooperation. YEREVAN, February 6 . /ARKA/. Today the RA Ministry of Education, Science, Culture, and Sports, “Olympionic” sports charitable foundation and Fastex ... ... international checkers, wushu and chess. The 5 million $FTNs have been segregated from the total supply and securely frozen on the blockchain until 2030. The 5 million $FTNs will be methodically unblocked in accordance with a predefined pattern, as detailed ...
02/06/2024Binance fully exits Russian market
Binance said it has entered into an agreement to sell the entirety of its Russia business to CommEX. YEREVAN, September 27. /ARKA/. Binance said it has entered into an agreement to sell the entirety of its Russia business to CommEX. To ensure a smooth ... ... revenue split from the sale, nor does it maintain any option to buy back shares in the business. Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital ...
09/27/2023International FINTECH360 conference will be held in October in Yerevan
... FINTECH360 conference will take place on October 26-29, 2023 in the capital city of Armenia - Yerevan. YEREVAN, September 14. /ARKA/. The international FINTECH360 conference will take place on October 26-29, 2023 in the capital city of Armenia - Yerevan.... ... personal data protection · Cross-border remittances and payments: new strategies · How does Web 3.0 impact digital accessibility? Blockchain industry trends, development of NFT markets · e-Commerce for retail: key drivers and growth prospects · ESG and the ...
09/14/2023Amundi-Acba Asset Management organizes "Amundi-Acba Economic Forum 2023"
... "Amundi-Acba Economic Forum 2023" on January 31, the press service of Acba Bank reported. YEREVAN, January 30. /ARKA/. Amundi-Acba Asset Management will organize "Amundi-Acba Economic Forum 2023" on January 31, the press service ... ... Amundi, a leading asset manager in Europe, and peculiarities of Armenia's monetary policy will be presented. Cryptocurrencies, blockchain, as well as the role of environmental, social and governance (ESG) factors in the development of the country will be ...
01/30/2023PlanRadar: construction site technology in your pocket
... control timelines, to respond instantly to all changes, to reduce the time for routine reports. YEREVAN, September 14, /ARKA/. Modern digital solutions allow users to manage construction and property development projects remotely and efficiently: ... ... list of promising construction site technologies includes such softwares as BIM, IoT, AI, VR and AR technologies, as well as blockchain. However, the most versatile and efficient is mobile cloud technology. It can quickly and without significant investments ...
09/14/2022Artur Janibekyan and Seaside Startup Summit co-founders launch Triple S ventures
... international venture capital firm, the Association of Armenian Entrepreneurs reported on its Facebook page. YEREVAN, August 15. /ARKA/. Entrepreneur Artur Janibekyan, together with Seaside Startup Summit co-founders Hakob Hakobyan and Avag Simonyan, has founded ... ... startups which are at pre-seed or seed stage. Triple S will invest in such areas as Artificial Intelligence (AI), SaaS platforms, Blockchain, Creator economy and Financial Technology (Fintech). The fund is to share experiences internationally and identify ...
08/15/2022Staking stablecoins: how cryptocurrency exchanges can compete with conventional banks
... cryptoexchanges have forged a path forward that usually takes conventional exchanges decades if not longer. YEREVAN, June 21. /ARKA/. In less than a decade, cryptoexchanges have forged a path forward that usually takes conventional exchanges decades if ... ... preparing to switch to it for years. The essence of staking is that users store coins on the PoS algorithm and ensure that the blockchain works, receiving a reward for this. Thus, staking allows Bybit users to receive passive income in the selected cryptocurrency ...
06/21/2022Yerevan municipality to release 500 million drams to finance implementation of citizens’ initiatives
... designed to enable city residents to submit their proposals and ideas online on how to improve the city. YEREVAN, July 8. /ARKA/. The Yerevan Municipality has unveiled today an interactive website designed to enable city residents to submit their proposals ... ... capital city, which will be put for the online voting. He added that each vote cast for the initiative or idea will have its own blockchain-based individual code to rule out any artificial attempt to interference the vote. Registration on the website is possible ...
07/08/2019No cryptocurrency in Armenia in near future
... Vilen Khachatryan, Armenia is not going to develop virtual or cryptocurrency in the near future. YEREVAN, September 16. / ARKA /. According to Armenian economist Vilen Khachatryan, Armenia is not going to develop virtual or cryptocurrency in the near ... ... issue of the new Russian cryptocurrency will cost the company several million dollars. To launch the bitruble, Qiwi will use blockchain technology, the same underpinning bitcoin, a virtual web-based currency introduced in 2009. In April, Russian President ...
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