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 …
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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 customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” …
The financial watchdog of the United Kingdom, the Financial Conduct Authority (FCA), has extended the period for crypto firms in the country to register their operations and come into compliance with its anti-money laundering (AML) and other requirements. In a press release issued today, the financial regulator confirmed that the Temporary Regulatory Regime (TRR) for existing …
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Arcx has launched a new version of its “DeFi Passport,” Sapphire, promising the pseudonymous on-chain credit check will enable new decentralized finance products. Decentralized finance (DeFi) protocol Arcx has announced the launch of Sapphire v3, a DeFi passport allowing crypto users to pseudonymously build and verify their reputation on-chain. Announced June 2, the DeFi passport …
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Ripple believes records held by offshore exchanges will prove its executives did not violate Section 5 of the Securities Act by offloading XRP on the U.S. public. Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, have filed a motion requesting the U.S. Securities and Exchange Commission investigate Bitfinex’s parent company, iFinex, and 14 other international …
Beijing residents should apply to participate in the lottery until midnight on June 7. The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials, this time in the capital of Beijing. The Beijing Local Financial Supervision and Administration officially announced Tuesday that the government will distribute 40 million digital …
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The meme coin’s renewed surge comes shortly after a listing on Coinbase and renewed meme posting by Elon Musk on Twitter. Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Wednesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk. Coinbase announced the listing …
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You can now mine Ethereum using Norton’s cybersecurity software. Cybersecurity firm, NortonLifeLock, has launched Norton Crypto, a tool allowing consumers to “safely” mine cryptocurrency through its Norton 360 product. From June 3, select 360 users will be invited to join Norton’s early adopter program for Ethereum mining. Norton also plans to open up the mining …
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Budapest is set to erect a life-size bronze statue depicting Bitcoin creator Satoshi Nakamoto. The face features a reflective surface that symbolizes the unknown identity of Satoshi. Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary …
Former congressman Ron Paul believes Bitcoin should be regulated and taxed the same as money. Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner favorite “End the Fed,” who has advocated for the legalization …
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The controversial proposal is gaining the support of the big players. Ethereum solutions provider ConsenSys has pledged support for a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying. The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative for the …
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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 …
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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 …
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 …
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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 …
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