Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. The announcement was the latest in China’s long-running friction with the cryptocurrency industry. But this time, given the Chinese Communist Party’s promotion of its digital yuan, it looks …
Continue reading “Could Paraguay emerge as a Bitcoin mining hub after China crackdown?”
Damon Dash, known as the co-founder of the Roc-A-Fella record label along with Jay-Z and Kareem Burke is being sued for selling the copyright to JAY-Z’s 1996 LP, Reasonable Doubt. The record label accuses its own co-founder Dash of trying to auction Jay-Z’s album as a non-fungible digital token (NFT) without permission. Copyright and NFTs …
Continue reading “Jay-Z sues Damon Dash over NFT of first album ‘Reasonable Doubt’”
David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s Executive Believes China’s Bitcoin Mining Crackdown Is a Good Development David …
Mad Money host Jim Cramer said he has sold almost all of his bitcoin. He cited the Chinese government’s crackdown on bitcoin mining and concerns over bitcoin’s role in ransomware attacks. Jim Cramer Worried About China’s Mining Crackdown and Ransomware, Sold Almost All His Bitcoin The host of CNBC’s Mad Money show, Jim Cramer, revealed …
The end of April saw Cardano developers Input-Output Global (IOG) announce significant partnership deals with the governments of Ethiopia and Tanzania. But according to IOG’s Director of African Operations, John O’Connor, another significant deal is in the works. Like the Tanzania tie-up, this will likely feature cooperation between a local government and the private sector, …
Continue reading “Another big Cardano (ADA) deal is in the works in Africa”
Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Tether › DeFi Stablecoins prevail during a pullback market as upcoming crypto management platforms provide avenues for high yield profits. Ana Grabundzija · June 21, …
Continue reading “Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed”
Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees …
The island country of Malta in the Mediterranean Sea has been known to be friendly toward cryptocurrency solutions and blockchain technology for years now. According to a regional report, government sources say more than $70 billion moved through the country over past years while regulations were lax. Furthermore, the Financial Action Task Force (FATF) was …
Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in the apprehension of four individuals. Mining in Venezuela is perfectly legal, but it …
Continue reading “400+ Miners Seized in Venezuela Due to Lack of Permits”
The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled …
Last week saw Saving the Survivors, the Lady Rocket Foundation, and Copernic Space announce their launch of the Satellite Rhino non-fungible token (NFT) series to help finance the organization’s needs to better rescue Rhinos from poaching. The organization, which directs many of its efforts to help sustain the dwindling population of rhinos around South Africa, …
Continue reading “How NFTs are boosting efforts to save endangered Rhinos”
Business analytics firm MicroStrategy has acquired 13,005 Bitcoin (BTC), CEO Michael Saylor said in a tweet today. The firm now holds over 105,000 Bitcoin in total as a result. “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin,” tweeted Saylor, adding: “As of 6/21/21 …
Continue reading “MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC”
The independent, publicly-traded business intelligence company Microstrategy announced the acquisition of 13,005 bitcoin on Monday, at a purchase price of approximately $489 million in cash. The company’s CEO Michael Saylor revealed the latest purchase on Twitter, and the firm now has more than 100,000 bitcoins on its balance sheet. Microstrategy Now Holds 105,085 Bitcoin Michael …
The U.S. government is selling bitcoin and litecoin worth $377K via the General Services Administration (GSA). The auction closes at 5 p.m. on Monday, with the possibility of an extended closing time. The government auction house is selling the digital assets in 11 lots and so far, the lots have seen active bidding. The GSA …
Continue reading “The US Government Is Auctioning $377K Worth of Bitcoin and Litecoin”
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and …
