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Price Increase Drives 98% of Bitcoin Holders Into a State of Profit

The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics.

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Hackers Donate Bitcoin From Ransomware Attacks to Charities

A group of hackers has donated some of the bitcoin it extorted via ransomware attacks to charities, claiming that it wants to “make the world a better place.” However, the law says donations from ill-gotten gains must be rejected but charities have no way of returning donated bitcoin to the hackers.

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Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder…

The number of hotels with a bitcoin ATM on-site is growing in Switzerland. The latest announcement came from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM supporting four cryptocurrencies.

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An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of V…

A great number of Non-fungible tokens (NFTs) have been selling on various marketplaces this year creating tens of thousands of dollars in NFT sales. One particular platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether.

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This New Service Plays Matchmaker Between Solo Miners, Big Mining F…

A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup.

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Excha…

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets.

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Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under…

The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported.

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Philippines Regulator Warns Investors to Steer Clear of Mining City…

There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project.

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Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs b…

Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north.

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Hathor Merge Mining Pool Commands 33% of the Bitcoin Cash Hashrate

Bitcoin Cash proponents have been recently discussing a new mining entity with a large amount of hashrate joined the network. The merge mining operation called HathorMM currently captures 33% of the Bitcoin Cash hashrate and the miners are also mining Bitcoinsv as well.

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Kate Winslet to Star in Cryptocurrency Movie About Onecoin Ponzi Sc…

A movie is being made about Onecoin’s cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud scheme.

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Bitcoin for Spain's Congress: BTC Sent to 350 Spanish Parliament Me…

Bitcoin has been sent to 350 deputies of the Spanish Congress as part of an educational initiative similar to the “Crypto for Congress” campaign that sent bitcoin to all Members of U.S. Congress.

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