Uzbekistan warms up to Bitcoin mining, but there’s a catch
The executive order spares all the mined assets from taxation and bans mining anonymous currencies. Go to Source Powered by WPeMatico
Month: June 2022
Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K
The key to survival for Bitcoin miners boils down to the delicate balance between the revenue and the operating cash flow. Go to Source Powered by WPeMatico
Celsius denies allegations on Alex Mashinsky trying to flee US
Celsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed. Go to Source Powered by WPeMatico
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary … Read more
Compass Mining loses facility after allegedly failing to pay power bill
The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills. Go to Source Powered by WPeMatico
Tether CTO refutes stablecoin FUD as short-sellers circle
Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price. Go to Source Powered by WPeMatico
Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys
Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens. Cryptoys … Read more
CoinFLEX recovery plan includes tokenized bad debt and more yields
The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired. Go to Source Powered by WPeMatico
Crypto community confused as Celsius continues with weekly rewards
Some Twitter users have called it “insulting” that Celsius continues to pay weekly rewards despite still pausing withdrawals. Go to Source Powered by WPeMatico
Shima Capital Leading $6 Million Seed Round For MECH.COM
Mech.com is set to close its seed round of investments with Shima Capital leading, supplemented by Polygon, Big Brain, Anti Fund, Cryptology, Master Ventures, BreederDAO, MetaVest, Andromeda VC, Pulse Ventures, and Gumi Ventures. Mech.com is an NFT-based metaverse game that is currently developing its first version of a match-3 game in which players can earn … Read more
