Blockchain Industry – DIGIT INFO

OKX’s exit From Nigeria sparks criticism from crypto analysts

DIGIT — Thu, 18 Jul 2024 13:13:54 +0000

OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money.

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Blockchain advocacy group raises privacy concerns over IRS crypto tax form

DIGIT — Sat, 22 Jun 2024 08:59:52 +0000

The Chamber of Digital Commerce proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate to prevent errors and ensure accurate reporting.

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AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

DIGIT — Tue, 11 Apr 2023 13:34:59 +0000

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company […]

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Digital Currency Group CEO Barry Silbert Responds to Accusations by Gemini’s Cameron Winklevoss With Shareholders Letter

DIGIT — Wed, 11 Jan 2023 15:00:51 +0000

Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to step down as CEO. Silbert shared his letter on Twitter and said he had […]

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Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity

DIGIT — Sun, 06 Nov 2022 23:30:44 +0000

According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses that “growth in electricity demand is expected to continue in Québec. Hydro-Québec Targets Blockchain Industry in Order to Stave off Electricity Demand Cryptocurrency miners in […]

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Vietnam’s Blockchain Industry Faces Shortage of Talent

DIGIT — Sun, 17 Jul 2022 06:00:12 +0000

The booming blockchain sector in Vietnam is having to deal with a serious deficit in specialists, local media revealed. Despite the large number of software engineers in the country, those with blockchain expertise meet less than a fifth of the current demand, with businesses already looking for talent abroad. Fierce Competition for Blockchain Experts Among […]

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Vietnam Launches Blockchain Association to Conduct Research and Suggest Regulations

DIGIT — Fri, 20 May 2022 11:30:49 +0000

A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions. Vietnam to Expand Implementation of Blockchain […]

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New Crypto and Blockchain Association Launches in Iran

DIGIT — Wed, 01 Dec 2021 11:30:36 +0000

A recently established crypto industry association in Iran has commenced activities under the country’s chamber of commerce. Its management hopes to help remove obstacles challenging its members while facilitating the implementation of blockchain technology in the sanctioned nation’s economy. Industry Association to Address Blockchain-Related Challenges in Iran The newly-established Iran Blockchain and Cryptocurrency Association (IBCA) […]

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Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies

DIGIT — Wed, 17 Nov 2021 22:30:51 +0000

Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. […]

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Tehran Government Bans Iran Blockchain Association

DIGIT — Sun, 20 Jun 2021 13:00:36 +0000

The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. Iranian Authorities to Review IBA Dealings With Crypto Exchanges The Iranian government has moved […]

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