Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply. Go to Source Powered by WPeMatico
DIGIT
China’s crackdown means Bitcoin is working, says crypto miner
A former crypto exchange engineer believes that China’s ban on Bitcoin mining is “fantastic news.” Go to Source Powered by WPeMatico
Sotheby’s Auctioning Rare Diamond Worth $15 Million, Cryptocurrencies Accepted
Sotheby’s, the world’s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted. Biggest Auction House Accepts Cryptocurrencies Sotheby’s announced Monday that it is auctioning a rare, pear-shaped diamond on July 9 in Hong Kong that can be purchased with cryptocurrency. Established in 1744, Sotheby’s … Read more
Automated market makers are dead
With the right tokenomic models, the liquidity war raging between AMMs on underlying chains will move to a new battleground. Go to Source Powered by WPeMatico
VanEck files for a new Bitcoin futures mutual fund with US SEC
VanEck’s new “Bitcoin Strategy Fund” will invest in BTC futures, pooled investment vehicles and exchange-traded products providing exposure to Bitcoin. Go to Source Powered by WPeMatico
‘Say something, Elon Musk!’ Dogecoin sheds $70B in market cap since SNL
DOGE is down 70% from its all-time highs as a trader reiterates that altcoins have “no bottom.” Go to Source Powered by WPeMatico
Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders
President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro … Read more
Bitcoin bear market confirmed? Analysts at odds over whales’ BTC exchange moves
Whale selling pressure is too great to preserve the bull market for now, one warning says, while similarities to 2017 provide a silver lining for hodlers. Go to Source Powered by WPeMatico
Existing Indian law could impose 2% levy on crypto bought from offshore exchanges
Existing law in India could mandate a 2% levy on cryptocurrency purchases from offshore-based exchanges servicing India’s market. Go to Source Powered by WPeMatico
With regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance
A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators. Go to Source Powered by WPeMatico
