News archive

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity Dur…

This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the pace” of the bitcoin mining company’s U.S. expansion.

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Crypto Exchange Hotbit Suspends Service After Law Enforcement Freez…

Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee.

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Bitpay Reveals Prepaid Cardholders Can Get up to 15% Cash Back Rewa…

The Atlanta-based crypto payment services company Bitpay has announced that Bitpay’s prepaid cardholders are eligible for cash back rewards if they use their card with participating retailers. The rewards feature stems from Bitpay’s partnership with Cardlytics and cardholders can get up to 15% in cash back rewards on purchases from the service from thousands of retailers.

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Report: Samsung Signs MOU to Build Galaxy NFT Ecosystem

Korean electronic goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem.

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Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as…

Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on illegal activities linked to cryptocurrencies. The platform, called Bincloud, lured investors through popular messaging apps.

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Iran Places First Official Import Order With Cryptocurrency Worth $…

Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” the official added.

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Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up t…

On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86 megawatts (MW) of capacity. Presently, the newly opened site in Washington, Georgia, has 36 megawatts, which is expected to give Cleanspark’s hashrate a 38% boost this quarter.

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Buy a Dream House With Bitcoin In the Idyllic Caribbean Valley of P…

At one point in every crypto enthusiast’s life he or she has envisioned buying their dream mansion, with Bitcoin. What was once a fantasy is now a reality with the listing of this exquisite, ultra modern, 2-story, 5-bedroom mansion in the heart of the Caribbean.

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Elon Musk Challenges Twitter's CEO to Public Debate on Fake Account…

Tesla and Spacex CEO Elon Musk has challenged Twitter’s CEO to a public debate over the platform’s fake accounts and spam bots. A recent poll conducted by Musk showed that nearly 65% of respondents do not believe that less than 5% of Twitter daily users are fake or spam.

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World Gold Council Exec Believes Blockchain Technology Will Bolster…

The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.”

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Binance CEO Warns 'We Could Disable Wazirx Wallets' — Advises Inv…

Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning followed numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx.

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Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Cryp…

Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business.

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Elon Musk Accuses Twitter of Fraud in Countersuit Over $44B Deal —…

Tesla CEO Elon Musk has accused Twitter of fraud in his countersuit against the social media company. Twitter filed a lawsuit against the billionaire to force him to go through with the $44 billion deal to buy the platform. “The Musk parties bring their counterclaims for breach of contract and rescission on the basis of Twitter’s fraud.”

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Alleged BTC-e Operator Alexander Vinnik in US Custody After Immedia…

Russian IT specialist Alexander Vinnik, accused of owning and running the infamous crypto exchange BTC-e, has been handed over to the U.S. This week, Greek authorities proceeded with the extradition, after his return from France, despite Vinnik’s defense protesting the move and calling the case a “judicial, diplomatic and humanitarian scandal.”

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A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List '…

Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month.

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Bitcoin Price Outlook for August: BTC Faces Some Important Tests in…

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs.

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Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Milli…

The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured.

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Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metav…

Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports. The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge of the deal.

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Skybridge Estimates Bitcoin's Fair Market Value at $40K and Ethereu…

Skybridge Capital’s founder says bitcoin’s fair market value is about $40,000 based on adoption, wallet size, use cases, and growth of wallets. The asset management firm also estimated ethereum’s fair market value at around $2,800.

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Mastercard Views Crypto More as Asset Class Than Form of Payment

Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added.

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Microstrategy Outperforms Every Asset Class and Big Tech Stock Sinc…

Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor.

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Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,500 as Pri…

Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process.

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'Bitcoin Valley' Launches in Honduras — 60 Businesses Accept BTC…

Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner.

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SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Po…

The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S.

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Charles Schwab's $655B Asset Management Arm to Start Trading Crypto…

Charles Schwab’s $655 billion asset management arm is launching its first crypto-related exchange-traded fund (ETF). The new fund is expected to start trading this week on the NYSE Arca exchange.

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While the Bear Market's Claws Drag ETH Prices Down, Ethereum Networ…

While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago.

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Binance to Sell NFT Tickets for Major Italian Soccer Club Lazio

Crypto exchange Binance will be offering NFT tickets for the games of one of Italy’s leading soccer teams, Lazio, during the upcoming season in the Italian Serie A championship. Supporters of Lazio will be able to use the tokens to also take advantage of various discounts.

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US Lawmaker Demands Answers From Apple and Google on Measures Again…

A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store.

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Ripple's Counsel Urges US Lawmakers to Urgently Pass 'Sensible' Cry…

Ripple’s general counsel has urged U.S. lawmakers to pass “sensible crypto legislation” amid a Securities and Exchange Commission (SEC) lawsuit over the sale of xrp. “Rather than providing regulatory clarity through rulemaking, the SEC is bullying crypto markets by filing unproven allegations masquerading as regulation,” he opined.

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ECB Economists Suggest Limiting Access to Digital Euro to Protect B…

A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB) to €3,000 per person.

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