Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as Ponzi Scheme
10.8.2022
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. Bincloud...
Iran makes $10M import with crypto, plans 'widespread' use by end of Sept
10.8.2022
Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals
Bitcoin and Ethereum Gain Bearish Momentum, Altcoins Slide
10.8.2022
Bitcoin price started another decline below the USD 23,500 support zone and moved below the USD 23,000 level. It is currently (04:03 UTC) trading near USD 22,900 and is down over 4% in a day and almost 1% in a week.
Similarly, most major altcoins are gaining bearish momentum. ETH is down 6%...
Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
10.8.2022
Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are...
Tether also confirms its throwing weight behind the post-Merge Ethereum
10.8.2022
We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated
Coinbase posts $1.1B loss in Q2 on 'fast and furious' crypto downturn
10.8.2022
It's the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021
Iran Places First Official Import Order With Cryptocurrency Worth $10 Million
10.8.2022
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. Iran...
German crypto bank Nuri with 500K users files for insolvency
10.8.2022
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.”
The Merge’s Long Term Impact on Ethereum
10.8.2022
Kosala Hemachandra is the founder and CEO of MEW (MyEtherWallet). __________...
Read More: The Merge’s Long Term Impact on Ethereum
First Mover Asia: Bitcoin Snaps Its 4-Day Rally Tuesday; Troubles in Cryptoland? Not at Korea's Muted Mega-Blockchain Week
10.8.2022
The Seoul-based event offered a welcome return to in-person interaction but failed to tackle the industry's most burning themes or challenge its panelists
Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity
10.8.2022
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...
Buy a Dream House With Bitcoin In the Idyllic Caribbean Valley of Puerto Rico
10.8.2022
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. A life of Paradise in...