Floyd Mayweather Gets Booed at Bitcoin Event for Saying ‘Another Crypto Will Be Just as Big as BTC’

The undefeated professional boxer Floyd ‘Money’ Mayweather recently spoke at the Bitcoin 2021 conference in Miami and was booed while speaking on stage. Mayweather’s speech wasn’t appreciated by members of the crowd because he didn’t discuss bitcoin much and toward the end, Mayweather said he believes another crypto will be “just as large as bitcoin […]

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security

Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the U.S. An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime. Crypto a Focus in Biden’s New Directive for National Security President […]

Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded

A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors South Korean cryptocurrency exchange V Global has been accused of […]

Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency

Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto, […]

Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship

The cofounder of Twitter and the CEO of the payments firm Square, Jack Dorsey, has revealed his firm is contemplating creating a bitcoin hardware wallet in collaboration with the community. Dorsey revealed this in a tweetstorm and said he wanted to share some “guiding principles†concerning this possible venture. Dorsey: ‘Square Is Considering Making a […]

Popular Philippine Mobile Wallet Gcash Explores Letting Users Buy, Sell, Store Cryptocurrencies

A popular mobile wallet in the Philippines, Gcash, is considering offering its users the ability to buy, sell, and store cryptocurrencies on its platform, which reportedly has 40 million users. The company’s CEO says 40% of Filipinos now have a Gcash account. Gcash Considers Offering Crypto Trading and Storage Services Philippine mobile wallet Gcash is […]

‘Bitcoin Going to the Moon’ — Bitmex Sending Physical Bitcoin to Lunar Surface in Q4

Cryptocurrency exchange Bitmex is sending bitcoin to the moon. A one-of-a-kind physical bitcoin will be minted and delivered to the moon by a leading space robotics company that Bitmex supports. The coin will hold one bitcoin at an address to be publicly released. Bitcoin Will Be on the Moon in Q4 Bitmex announced Friday that […]

Miami Mayor Confident Crypto Regulatory Issues Will Be Resolved — Says ‘Buy the Dip’

The mayor of the U.S. city of Miami, Francis Suarez, explains how he plans to make his city the capital of bitcoin. He believes that issues surrounding cryptocurrency “will work themselves out,†adding that “in the end, there is only one thing to do: buy the dip.†Miami Strives to Become the Capital of Bitcoin […]

El Salvador’s President Nayib Bukele Plans to Declare Bitcoin Legal Tender Next Week

At the Bitcoin 2021 conference in Miami, El Salvador’s president, Nayib Bukele, appeared via a Zoom presentation and noted that he plans to submit a bill next week that recognizes bitcoin as legal tender. Bukele revealed a partnership with the company Strike, a bitcoin payments firm launched by Jack Mallers. Progressive President Nayib Bukele Says […]

FTX Lands Naming Deal With Esports Giant TSM for $210 Million

On Friday, FTX Exchange announced signing a naming rights deal with U.S. professional esports organization TSM for $210 million. The cryptocurrency exchange’s multi-year partnership arrangement will allow the crypto firm to rename the company to “TSM FTX.†Esports Firm TSM Will Change the Organizations’ Name to ‘TSM FTX’ FTX Exchange has acquired another naming deal […]

Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency

Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto, […]

SHIB vs. DOGE – Who Is the Top Dog in Crypto Land?

Over the last few months two distinct dog cryptocurrencies, shiba inu and dogecoin, have been making waves within the crypto economy. While dogecoin has been around since 2013 and has seen massive gains during the last year, the relatively new ERC20 crypto shiba inu has jumped significantly in value as well. Both Dogecoin and Shiba […]

De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund

Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic […]

Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded

A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors South Korean cryptocurrency exchange V Global has been accused of […]

Popular Philippine Mobile Wallet Gcash Explores Letting Users Buy, Sell, Store Cryptocurrencies

A popular mobile wallet in the Philippines, Gcash, is considering offering its users the ability to buy, sell, and store cryptocurrencies on its platform, which reportedly has 40 million users. The company’s CEO says 40% of Filipinos now have a Gcash account. Gcash Considers Offering Crypto Trading and Storage Services Philippine mobile wallet Gcash is […]

AquaGoat: Saving the Oceans One EcoCoin at a Time

sponsored AquaGoat is an ecological social cryptocurrency with a purpose: saving the planet’s oceans. AquaGoat aims to help fund and donate to initiatives focused on cleaning and protecting the planet’s oceans and waterways, all while generating income (yield-generation) and value to its holders. Since the project began on April 7, 2021, AquaGoat has donated to […]

Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty†and “infectious†paper cash with the digital ruble that’s currently under development. Russia’s Kalashnikov Concern Looks Forward […]

Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on other more logical […]

Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods

Localbitcoins, one of the biggest P2P exchanges in the world, has added Bitcoin Cash and other cryptocurrencies as payment methods to acquire Bitcoin on its platform. This marks a clear departure from the earlier position of the company, which hadn’t added new payment methods and had remained Bitcoin-only for some time. Localbitcoins Adds Bitcoin Cash […]

Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

The governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.†However, before its release into circulation, the digital currency—which is also known as the “e-cediâ€â€” will first have to go “through three phases.†Bank of Ghana’s Embrace of Emerging Fintechs In his […]

Crypto CFDs Are Popping Up Like Mushrooms – Here’s Why

Thanks to its high volatility and price momentum, cryptocurrency is an increasingly popular asset class amongst retail day traders. CFDs that track price changes in major tokens make cryptos even more accessible for investors without the steep learning curve that traditionally accompanies cryptocurrencies. Fewer Obstacles Attract Investors to Products That Mirror Cryptos 1-to-1 Over the […]

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]

Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide

Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,†he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With Dollar Former presidential candidate Ron Paul discussed […]

Steve Wozniak Can’t Stop Bitcoin Giveaway Scams Using His Name — Federal Law Protects Youtube

Apple co-founder Steve Wozniak has lost his lawsuit against Youtube over bitcoin giveaway scams using his name and image. The judge reportedly said that “Youtube and its parent, Google LLC, are protected by the federal law that shields internet platforms from responsibility for content posted by users.†Bitcoin Giveaway Scams Continue on Youtube as Steve […]

Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.†Buterin: ‘If You […]

Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship

The cofounder of Twitter and the CEO of the payments firm Square, Jack Dorsey, has revealed his firm is contemplating creating a bitcoin hardware wallet in collaboration with the community. Dorsey revealed this in a tweetstorm and said he wanted to share some “guiding principles†concerning this possible venture. Dorsey: ‘Square Is Considering Making a […]

PlanetWatch Announces the Listing of the PLANETS Token on Bitfinex Exchange

press release PRESS RELEASE. Planetwatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex on June 4th. PLANETS are the first Algorand Standard Asset (barring stablecoins) to be supported on a major international exchange. Claudio Parrinello, PlanetWatch’s CEO said: “This is a major milestone […]

South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report […]

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

The governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.†However, before its release into circulation, the digital currency—which is also known as the “e-cediâ€â€” will first have to go “through three phases.†Bank of Ghana’s Embrace of Emerging Fintechs In his […]

Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security

Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the U.S. An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime. Crypto a Focus in Biden’s New Directive for National Security President […]

Crypto E-Commerce Giant Shopping.io Supports eToro Social Impact Non-Profit, GoodDollar

press release PRESS RELEASE. Shopping.io – Los Angeles, CA the premier crypto E-commerce platform will donate $50,000 to eToro’s flagship corporate social responsibility project GoodDollar, a non-profit initiative that distributes free crypto-based universal basic income (UBI) as part of its mission to onboard and educate the next billion digital assets users. Shopping.io’s $50,000 donation will […]

India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer Valid

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited. RBI Still Has Major Concerns About Crypto RBI Governor Shaktikanta Das clarified […]

Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short

Digital currency markets have slid in value over the last 12 hours as the entire crypto-economy has lost over 7% during the last 24 hours. Bitcoin attempted to cross the $40k handle but was stopped at $39,490. Since then, bitcoin has dipped 7.3% during the early morning (EST) trading sessions on Friday. Bitcoin $40K Attempt […]

Study Shows NFT Sales Plummeted 90% Over the Last 30 Days, NFT Wallets Dip 70%

According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims ‘NFT Bubble Has Popped’ Non-fungible […]

Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

The price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk Tweet Pushes Bitcoin Price Down Before the Weekend […]

Crypto CFDs Are Popping Up Like Mushrooms – Here’s Why

Thanks to its high volatility and price momentum, cryptocurrency is an increasingly popular asset class amongst retail day traders. CFDs that track price changes in major tokens make cryptos even more accessible for investors without the steep learning curve that traditionally accompanies cryptocurrencies. Fewer Obstacles Attract Investors to Products That Mirror Cryptos 1-to-1 Over the […]

Filipinos Can Now Cash in Crypto Without Fees Through Moneybees OTC Outlets

press release PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual currency exchanges (VCEs) in 2020, which is five […]

Survey Finds Gen Z More Likely to Invest in Cryptocurrencies and Memes Over Traditional Investments

A recent study published by Gambler’s Pick notes that Gen Zers are less likely to invest in traditional investments like equities and more likely to invest in cryptocurrencies, meme investments, and non-fungible tokens (NFTs). Gen Z More Likely to Invest in Cryptocurrencies and Meme Investments Than Stocks and Common Assets The web portal gamblerspick.com published […]

UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced […]

ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their “artificial currencies.†Eurozone’s […]

Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.†Buterin: ‘If You […]

Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC

Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.†He sees a string of “all positive things†that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market Is Mispricing Bitcoin Brian Kelly, the founder and […]

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M in Revenue for Q2 – Company […]

Google Announces New Policy for Cryptocurrency Ads

Google has announced an update to its financial products and services policy, which includes its policy on cryptocurrency advertising. The new rules will take effect in August and all prior crypto exchange certifications will be revoked. Advertisers must request new cryptocurrency exchanges and wallets certification with Google. Google Introduces New Crypto Ad Rules Google Inc. […]

Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash

Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling cryptocurrency Tulipmania. Guggenheim Launching Fund Which Could Have Exposure to Bitcoin Guggenheim Funds Investment Advisors LLC […]

Pepe the Frog Creator Launches NFTs Featuring the Infamous Internet Meme

The infamous Internet meme “Pepe the Frog†will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However, despite the number of NFT rare Pepes on the web, […]

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]

Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders

Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to the introduction of this new measure, Binance apparently allowed Zimbabwean nationals with non-Zimbabwean residential addresses […]

Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide

Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,†he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With Dollar Former presidential candidate Ron Paul discussed […]

Steve Wozniak Can’t Stop Bitcoin Giveaway Scams Using His Name — Federal Law Protects Youtube

Apple co-founder Steve Wozniak has lost his lawsuit against Youtube over bitcoin giveaway scams using his name and image. The judge reportedly said that “Youtube and its parent, Google LLC, are protected by the federal law that shields internet platforms from responsibility for content posted by users.†Bitcoin Giveaway Scams Continue on Youtube as Steve […]

Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout

Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s aggregate total-value locked (TVL) dropped to a […]

QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases

On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.†Federal Reserve Starts to Unwind QE All eyes […]

Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC

Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.†He sees a string of “all positive things†that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market Is Mispricing Bitcoin Brian Kelly, the founder and […]

European Union to Release Digital Wallet for Payments Next Year

The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with the digital euro project, a […]

Why On-Chain Governance Is Critical for Blockchain Growth and Longevity

The decentralized properties that make blockchain architecture unique can also be its Achilles heel, demonstrating the importance of bringing network governance on-chain to promote a more inclusive and democratized consensus on network upgrades. Governance Transformation Is the Key To Unlocking Decentralization’s Innovative Potential There are many bitter arguments over blockchains, whether involving how they should […]

Daymak to Launch Crypto Mining Vehicle by 2023

Daymak, a Canada-based electric vehicle company, has announced the Daymak Spiritus, an electric car that will be able to mine cryptocurrencies. According to the specs, it will also feature solar charging to lessen the load on the battery while driving. The company, which has only offered the car for 60 days, claims to have managed […]

SmartKey and Orange Revolutionize the Blockchain of Things

sponsored As technology moves forward, you use more and more innovations to facilitate your daily activities. The cooperation of the largest Polish telecommunications operator with the innovative BoT (Blockchain of Things) provider improves the standard of your daily life. With the use of technology provided by SmartKey, Orange’s Live Objects platform puts an end to […]

South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customersâ€, has been made “in terms of section 46 of the (South African) Tax Administration Act.†[…]

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]

Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash

Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling cryptocurrency Tulipmania. Guggenheim Launching Fund Which Could Have Exposure to Bitcoin Guggenheim Funds Investment Advisors LLC […]

Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold

Goldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on†inflation hedges whereas gold is a “risk off†asset. Bitcoin Is More Like Copper Than Gold as Inflation Hedge The global head of commodities research at Goldman Sachs, Jeff […]

Bonded.Finance (BOND) Token Is Now Listed on Bitcoin.com Exchange

press release PRESS RELEASE. Bitcoin.com Exchange is ecstatic to announce the listing of BOND, being available to trade on the 2nd June 2021 at 12:00PM UTC. BOND was created by the Bonded.Finance team, as the driver and receipt of value within their platform. BOND will start trading with BTC and USDT pairs. What is Bonded.Finance? […]

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M in Revenue for Q2 – Company […]

Google Announces New Policy for Cryptocurrency Ads

Google has announced an update to its financial products and services policy, which includes its policy on cryptocurrency advertising. The new rules will take effect in August and all prior crypto exchange certifications will be revoked. Advertisers must request new cryptocurrency exchanges and wallets certification with Google. Google Introduces New Crypto Ad Rules Google Inc. […]

Pepe the Frog Creator Launches NFTs Featuring the Infamous Internet Meme

The infamous Internet meme “Pepe the Frog†will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However, despite the number of NFT rare Pepes on the web, […]

Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions

The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,†said a spokesperson for the White House. US Government to Expand Cryptocurrency Analysis The […]

$1.4M in Bitcoin Remains Idle — The Curious Case of the 37-Day-Old 2009 Block Reward Spent a Year Ago

Approximately 378 days ago, before the bitcoin bull market started to heat up, a unique block was spent stemming from a coinbase reward created 37 days after the Bitcoin network launched. It seems roughly ten coins from the block reward were sold to an exchange, but 40 bitcoin worth $1.4 million at today’s exchange rates […]

Standard Chartered Bank Launching Cryptocurrency Exchange and Brokerage

Major banking corporation Standard Chartered is launching a cryptocurrency exchange and brokerage service, giving its clients access to cryptocurrencies, such as bitcoin and ether. Standard Chartered joins a growing list of major banks worldwide that have embraced cryptocurrency. Standard Chartered Bank Diving Into Crypto Standard Chartered PLC (STAN.L) said Wednesday that the bank’s innovation arm, […]

Artists Plan to Erect a Bronze Satoshi Nakamoto Statue in Budapest to Honor Bitcoin’s Creator

Hungary plans to be the first country in the world to erect a statue of Satoshi Nakamoto, as a life-size bronze bust of Bitcoin’s creator will be displayed in Budapest. The bronze bust design is being constructed by two sculptors, Tamás Gilly and Réka Gergely. A Reflective and Hooded Bronze Bust of Satoshi Nakamoto to […]

Kirobo Makes ‘Undo Button’ Available for USDT, BNB, UNI, Sushi, Chainlink, & KIRO Transactions

press release PRESS RELEASE. Tel Aviv – June 2, 2021 – Kirobo, a leading cryptocurrency solutions developer, has announced that its crypto transfer ‘undo button’ is now available for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. This extends the reach of Kirobo’s solution to over 4.5 […]

Cheap Power Is Creating a Bitcoin Mining Boom in Argentina

Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate than the official one, is enticing more and more individuals to enter the […]

MLB Steps Into the NFT World by Entering a Long-Term Partnership With Candy Digital

On June 1, Major League Baseball (MLB) reporter David Adler announced the MLB organization established a long-term deal with the digital collectible company Candy Digital. The oldest American professional baseball organization is stepping into the non-fungible token (NFT) collectibles world and will start by launching a Lou Gehrig NFT. MLB’s First NFT Will Feature ‘The […]

Dental Clinic in Ontario to Accept Cryptocurrency for Its Services

Southdown Dental, a clinic in Mississauga, Ontario, is introducing a new payment option. Patients will soon be able to pay with cryptocurrency for its services. The dental clinic says it will take digital money for any procedure, from regular checkups to children’s braces. Canadian Dental Clinic Meets Rising Demand for Crypto Acceptance The dental clinic […]

Big Block Breakthrough: 1 Gigabyte BCH Scalenet Block Mined With Raspberry Pi4

While it seems the big block vs. small block debate is over, it is still relevant in the cryptocurrency sphere and some users are still delving into the limits of big blocks. Mtrycz, a writer leveraging the read.cash blogging platform, claims to have mined 1 gigabyte (GB) block using a Raspberry Pi4 on the Bitcoin […]

Cryptohawk.AI, a New Software Service Provides Everyday Investors With AI-Based Price Predictions

press release PRESS RELEASE. Toronto, Canada – June 1, 2021 – Created and rigorously tested by expert data scientists in cohort with expert traders, CryptoHawk.AI allows anyone to harness the power of artificial intelligence and machine learning for improved investment returns in crypto. With the software’s AI based predictions investors are able to remove stress, […]

Trader Confesses Cryptocurrency Addiction Led to Criminal Charges, Hospital Treatment

A British man has shared his story of how his cryptocurrency addiction has led to criminal charges and landed him in a hospital for addiction treatment. He lost more than a million dollars of other people’s money trying to duplicate his previous success in cryptocurrency trading. Crypto Addiction on the Rise, One Hospital Is Treating […]

Bitcoin Will Face Tougher Regulation as Popularity Grows, Says Sweden’s Central Banker

The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,†said Stefan Ingves, Governor of the Riksbank. Tougher Regulation Expected for Bitcoin Stefan Ingves, the governor of Sweden’s central bank, the […]