Georgia

Georgia, a country at the crossroads of Europe and Asia known for its ancient and unique history, has become one of the most cryptocurrency-friendly countries in the world in recent years.

Interest in CBDC is growing all over the world. While many countries, most notably China, are actively working on developing their digital coins, some other countries are just preparing to jump on the bandwagon. Recently, Georgia has decided to join the CBDC race.

Georgia has concluded a new partnership with engineering firm  IOHK to turn the country into a blockchain hub. The Memorandum of Understanding was made on June 17, and will make the county’s Ministry of Sports, Science & Education apply a variety of 3G blockchain-supported initiatives.

A major political scandal has taken place in Georgia. The opposition party called Girchi has promised everyone who votes for its candidate in the next elections, crypto coins worth $50. Such an act has been immediately recognized by opponents as a bribe.

Blockchain technology has become very popular not only among a wide variety of companies but also governments of large countries. The Finance Minister of Georgia Mamuka Bakhtadze assures that blockchain can make administrative costs smaller and increase citizens access to the public service.

Today we are featuring the most interesting topics of the weekend: MyEtherWallet suffered DNS hack, Nasdaq considers becoming a cryptocurrency exchange, Georgia to become a cryptocurrency hub, Sony will store data using blockchain, MIT tech review discloses a plan to let down bitcoin.

Georgia, a country at the intersection of Europe and Asia, is turning into a cryptocurrency hub. While talking about bitcoin mining, some may consider China and Iceland to be in the lead, however, the second most profitable crypto mining country is Georgia.

The international project Boosteroid, which creates a cloud services platform, starts construction of a new data center in the free industrial zone of Georgia - the city of Kutaisi. This will be the second information processing center of the company, the first was launched in Ukraine in December 2017. The team will begin to prepare the space and order the components already at the end of January this year.

Ephrem Urumashvili, representative of BitFury Group has just reported the company’s plans to install two Bitcoin ATMs in Georgia.