According to Edward Evenson, who works for Bitcoin miners Slush Pool, Chinese BTC mining machines are on the move. Edward Evenson, head of business development at Slush Pool owner Braiins, reports that a large number of Chinese BTC mining machines equivalent to Quebec’s entire output will be moving to North America and Europe. For those …
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Metalla Royalty & Streaming CEO Brett Heath has warned that crypto will “lead the charge into the next financial crisis” and questioned the true intrinsic value of Bitcoin. The CEO of precious metals royalty and streaming company Metalla Royalty & Streaming, Brett Heath has warned that crypto will “lead the charge into the next financial …
Continue reading “‘Crypto will cause the next financial crisis’: Precious metals boss”
OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system. Increasing numbers of offshore cryptocurrency exchanges are embracing Brazil’s instant payments infrastructure, PIX. On May 28, OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The news follows similar …
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Govt agencies want more tools to trace suspect crypto transactions. The U.S. Office of Foreign Assets Control has requested another subscription to Chainalysis analytics software in order to step up its blockchain transaction surveillance efforts. In a public notice sent out on May 26, the agency confirmed its intention to subscribe to Chainalysis’s Rumker Training …
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Dfinity has sought to quell criticism over the decentralization and privacy of its Internet Computer protocol. Dfinity, the team behind the Internet Computer protocol, or ICP, has fired back at critics of its decentralization and privacy features in an “Ask Me Anything” on Reddit yesterday. The team sought to assure that the project’s foundation does …
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The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap. According to a report by decentralized …
Continue reading “NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M”
Virtue Poker revealed plans to organize a high-stakes 12-player celebrity poker tournament on its platform, live-streamed on Twitch, with the winner donating the event’s proceeds to their preferred charitable organization. Celebrity Charity Tournament Features NFTs & Giveaways Virtue Poker, one of the first decentralized casinos to use Ethereum and peer-to-peer networking, will soon host a …
Billionaire investor Carl Icahn, the founder of Icahn Enterprises, says that his company is exploring how to get involved in cryptocurrency “in a relatively big way,” which he said could be an investment of about $1.5 billion. Carl Icahn Exploring Getting Into Cryptocurrency Carl Icahn, the founder and controlling shareholder of Icahn Enterprises, a diversified …
Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means.” Denmark’s Central Bank Governor Tempted …
A Zimbabwean fintech lawyer, Prosper Mwedzi, recently initiated a process that seeks to bring recognition and regulation of cryptocurrencies. Under this private member bill procedure, a legislative proposition initiated by private citizens will be debated in the Zimbabwean parliament. If the crypto regulation bill succeeds in garnering the required support, it will become part of …
A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region. This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential …
Continue reading “Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening”
It is not the first time Uniswap governance has been dominated by a whale. The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard’s blockchain group threw a massive amount of voting power behind its own proposal. The proposal, made on May 27 by the Harvard Law School …
Gamestop may be working on its own NFT marketplace, while Rookie of the Year candidate LaMelo Ball is set to drop 500 Dynamic NFTs. It appears that “r/wallstreetbets” favorite meme stock company GameStop is in the process of developing its own NFT marketplace. Oh wow, @GameStop is launching an NFT platform https://t.co/3lkqgJTiwS pic.twitter.com/3BT1Szo9qJ — Brad …
Blockchain development platform Reach is aiming to create universally compatible DApps by building a JavaScript-like programming language. Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised …
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Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s …
Continue reading “Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000”
