A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate
Cambridge University has launched a ‘Bitcoin Mining Map’ that shows the distribution of hashing power worldwide as well as within China. Go to Source Powered by WPeMatico
Month: May 2020
75 Companies Back Facebook Libra’s Competitor Celo
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday … Read more
Guide Highlights Patchwork of Crypto Tax Laws in Latin America
New research has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in Latin America. Go to Source Powered by WPeMatico
Bitcoin Price Knocks Out Key Resistance Level as Bulls Target $9,500
With only 4 days until the halving, Bitcoin bulls knocked out a key resistance at $9,140-$9,200 and are now targeting $9,500. Go to Source Powered by WPeMatico
3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions … Read more
Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. Go to Source Powered by WPeMatico
Bitcoin Is a Digital Asset Says Intermediate People’s Court in China
A court dispute between an international couple and four Bitcoin robbers has come to an end. Go to Source Powered by WPeMatico
New Bill Would Presume Digital Assets Not to Be Securities in California
New legislation in California may help establish definitions of digital assets as securities, though nationwide impact is uncertain. Go to Source Powered by WPeMatico
Novogratz Alludes Stimulus Causing Recent Bitcoin Uptrend
Mike Novogratz suspects Bitcoin’s recent upward price action is a result of the U.S. government’s corrective economic measures. Go to Source Powered by WPeMatico
Anonymous Crypto Payments Cause Problems for South Korean Child Porn Case
IT experts believe that South Korean authorities could not track the crypto payments made from overseas exchanges Go to Source Powered by WPeMatico
