President of Paraguay vetoes crypto regulation law
The bill was approved by the nation’s Senate in July as low-energy costs continue to boost mining activities in the country. Go to Source Powered by WPeMatico
Month: August 2022
UBS raises US recession odds to 60%, but what does this mean for crypto prices?
Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies. Go to Source Powered by WPeMatico
Crypto ‘cannot be partisan’ says US lawmaker who scored negative on bipartisanship index: Report
“This is literally about looking at America and opportunities for Americans,” according to Minnesota Representative Tom Emmer. Go to Source Powered by WPeMatico
Fugitive Founder of Turkish Crypto Exchange Thodex Arrested in Albania
Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over to Turkish Judiciary Police … Read more
Amid crypto winter, Nexo commits additional $50M to buyback program
The Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market. Go to Source Powered by WPeMatico
New free-to-own GameFi model is “high-risk” according to CZ
The blockchain gaming firm in question raised over $200 million on Monday to further its NFT operations. Go to Source Powered by WPeMatico
3 reasons why Ethereum POW hardfork tokens won’t gain traction
A lack of oracle support, DApps being majority supportive of the merge and the fact that Ethereum Classic has minimal developer activity suggests that POW hardforks will fizzle. Go to Source Powered by WPeMatico
Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC
Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, … Read more
Bitcoin could become a zero-emission network: Report
Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming a zero-emission money. Go to Source Powered by WPeMatico
Tether responds to Wall Street Journal ‘disinformation’
To attack Tether’s reserves […] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said. Go to Source Powered by WPeMatico
