Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners …
Monthly archives: July 2022
US and UK to Deepen Ties on Crypto Regulation, Says British Regulator
Britain’s top financial regulator, the Financial Conduct Authority (FCA), says the U.S. and U.K. will deepen ties on crypto regulation. “In the past, innovative firms would have been pleading for less regulation. Now they understand and appreciate that rules are there to help provide certainty,” said the British regulator. US and US to Strengthen Collaboration …
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Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained. Chair Gensler Highlights SEC’s Work on Crypto Regulation SEC Chairman …
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Bitcoin hodling activity resembles previous market bottoms: Glassnode
The majority of Bitcoin has been “hodled” for at least three months in behavior bearing a striking resemblance to previous Bitcoin market bottoms, says blockchain analytics firm Glassnode. In a July 16 tweet, Glassnode noted that more than 80% of the total U.S. dollar (USD)-denominated wealth invested in Bitcoin has not been touched for at …
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Paraguay’s crypto framework one step away from becoming law
The Paraguayan Senate passed a bill on July 14 establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors. The bill, introduced last July by Senator Fernando Silva Facetti and passed in Congress in May before reaching the Senate, calls for the formation of the Ministry of Industry …
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Preference For Ripple XRP Surges Among BSC Whales
There has been a long ongoing lawsuit between Ripple (XRP) and the United States Securities and Exchange Commission (SEC). Throughout the case, Ripple’s native token, XRP, has not seen any progressive growth. This stagnation in its price move has lingered even before the emergence of the extreme crypto winter. But things seem to be taking …
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Theta Price Forecast for July 18: THETA/USD Minimal Upside Gains
THETA/USD Moved a merger 2.15% upwards today. Be that as it may this crypto is the one with the highest movement today. And, as a result, the crypto current price is now $1.1997. What can be expected of this crypto? This we shall find answers to soon. THETA Current Price: $1.19972 THETA Classic Market Cap: …
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The regulatory implications of India’s crypto transactions tax
The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions. India’s first crypto law, which requires its citizens to pay a 30% tax on unrealized crypto gains, came into effect on April 1. A commotion among the Indian crypto community followed …
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Burdensome but not a threat: How new EU law can affect stablecoins
The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto bill,” co-sponsored by United States senators Cynthia Lummis and Kirsten Gillibrand, still has a long way to go, its European counterpart, the Markets in Crypto-Assets …
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Bitty Kitty: Cat spoils Bitcoin node during price crash with ‘dirty protest’
A Bitcoin node is a pivotal piece of the Bitcoin (BTC) protocol. For bad actors, attacking nodes and bringing them offline is a sound strategy to undermine the network’s resilience. For one British Bitcoiner, such an attack took place, as the actions of his feline friend rendered his Bitcoin node “unreachable.” Bodl_hodler (who wishes to …
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Paraguayan Senate Approves Cryptocurrency Bill
The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in the cryptocurrency and crypto mining sectors. Paraguayan Cryptocurrency Bill Passes Senate …
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Yuga Labs Drops Otherside Litepaper — Document Covers the ‘Foundational Principles’ of the Metaverse Platform
Following the introduction of the Otherside metaverse and the apecoin (APE) launch, Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), published the Otherside’s litepaper. The team says the “document serves as a starter guide for the Otherside, [and] it covers foundational principles of the platform, capabilities of its developers, …
White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending
While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who …
IBAT Crypto Presale By Battle Infinity Raises $300k First Week
The presale of IBAT token, the native coin of new NFT-based metaverse game Battle Infinity, raised $300,000 in investor funding in week one. Currently the equivalent of 1170 BNB in IBAT tokens has been purchased by early investors, worth around $292,250, less than a week into Battle Infinity’s 90 day presale. What is IBAT? IBAT, …
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Top Crypto Analyst Michaël van de Poppe Predicts Strong Rallies for Polygon, THORChain and Two Ethereum Rivals
Popular crypto strategist Michaël van de Poppe says he expects surges for a handful of altcoins. Van de Poppe tells his 616,600 Twitter followers that BNB, the coin powering Binance and the smart contract platform BNB Chain, is flashing strength after breaching resistance at $240. “Held the area around $216 again. Expecting that, once it …