The White House has endorsed an amendment to the $1 trillion Infrastructure bill that supports proof-of-work over all other consensus mechanisms. However, the crypto community is supporting a different amendment. White House Takes Stance on Infrastructure Bill’s Crypto Tax Amendment The White House has endorsed an amendment to the Infrastructure bill sponsored by Senators Mark …
Category archives: Bitcoin News
Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been …
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Over 4,000 ETH burned hours after EIP-1559 upgrade
Over 4,000 ETH burned hours after EIP-1559 upgrade | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Ethereum › ETH 2.0 The Ethereum network underwent one of its most crucial upgrades last night. And things are going as planned so far. Shaurya Malwa …
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Chainlink wants to secure ‘billions of dollars’ by solving this crucial cross-chain issue
Developers behind decentralized oracle network Chainlink introduced the new Cross-Chain Interoperability Protocol (CCIP) in a post yesterday, one that targets multichain data communication and transfer of messages. We’re excited to introduce the Cross-Chain Interoperability Protocol (CCIP), an open-source standard for how smart contracts will interoperate across blockchains, for both messages/commands and tokens, allowing the creation …
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with USD. HUSD Monthly Attestations On Thursday, more than $117 billion …
Demand for Crypto Analytics Continues as Messari Raises $21 Million
The crypto analytics and market intelligence company Messari revealed on Thursday the firm has raised $21 million in a Series A financing round. The funds will be used to expand Messari’s product suites and it aims to “triple the size of its engineering and research teams.” Crypto Market Intelligence Firm Messari Secures $21 Million Digital …
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New Draft Law in Uruguay Could Legalize Crypto as Payment Method
A new draft law introduced to the Senate in Uruguay could regulate cryptocurrency transactions, and also legalize cryptocurrency as an accepted payment method in the country. If approved, the draft proposed by Senator Juan Sartori would also introduce licenses for Virtual Asset Service Providers (VASPs) that would be issued by the government, classifying them into …
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Join The Smart Marketing Token (SMT) and Revolutionize Blockchain Marketing
press release PRESS RELEASE. The fast-paced nature of the blockchain industry means that new crypto projects face the problems of a highly competitive market. This makes marketing a major aspect for projects to have a chance to gain traction within the crypto community. However, existing marketing services are highly centralized, expensive, and skewed towards large …
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Bakkt is finally bringing Bitcoin (BTC) payments to US stores
Digital asset marketplace Bakkt announced a partnership with the sandwich restaurant chain Quiznos, to launch its first physical location pilot enabling customers to pay for their food in Bitcoin (BTC). Starting mid-August, diners can opt for crypto payments at selected Quiznos restaurants in the Denver area, including the high-traffic location at the Denver International Airport. …
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Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments
Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims. Ciphertrace Claims to Have ‘Enhanced’ Tools to Trace Monero Transactions Blockchain analytics and …
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Analyst Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward $100K
Bloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.” Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook …
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Coinbase Enables Crypto Buys With Apple Pay, Instant $100K Cashouts, Google Pay to Follow
The Nasdaq-listed cryptocurrency exchange Coinbase has enabled crypto buys with Apple Pay, and instant cashouts of up to $100,000 per transaction. The company will also soon enable crypto buys with Google Pay. Buy Cryptocurrencies on Coinbase With Apple Pay Crypto exchange Coinbase announced Thursday that users can now buy bitcoin and other cryptocurrencies on its …
Marvel to Launch Spider-Man NFTs This Week — NFT Comic, ‘Super-D Figures’ to Follow
On August 5, Orbis Blockchain Technologies Limited and Marvel Entertainment kicked off the Veve Digital Collectibles’ “Marvel Month” celebration. The two companies plan to issue the first non-fungible token (NFT) assets featuring the Marvel Super Hero, Spider-Man. The Orbis Veve App and Marvel to Launch the First Spider-Man Statue NFTs This week, Spider-Man and non-fungible …
Cardano (ADA) founder teases announcement of smart contract rollout date
So far, 2021 has been a stand-out year for Cardano. Having started the year at $0.18, the number five cryptocurrency enjoyed a strong surge taking its price to an all-time high of $2.50 by mid-May, a +1,288% gain. Even during the FUD-induced downturn that followed, Cardano faired better than most others. Still experiencing a 64% …
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Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong
In her interview with Bloomberg, Senator Elizabeth Warren warned about major risks surrounding the ongoing expansion of crypto as she called for stricter market regulation. While admitting that the biggest upside to crypto could be a democratization of access to the financial system, she warned that, if left unregulated, cryptocurrencies pose a systemic threat and …
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