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Paraguay Proposes Bitcoin Mining Ban Citing Power Issues


14 Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, and banning crypto mining farms in the territory. The post Paraguay Proposes Bitcoin Mining Ban Citing Power Issues appeared first on Cryptonews

British Virgin Islands Sets Sights on Becoming Global Hub for Digital Assets


The British Virgin Islands (BVI) is aiming to become a major hub for digital asset activities. To achieve this, the territory is working to execute rules and systems that would enable participation in the expanding digital asset market. The post British Virgin Islands Sets Sights on Becoming Global...

SMI Vantage Expands Crypto Reach With New Bitcoin Mining Facility in Sarawak


The Singapore-based investment management and software-as-a-service (SaaS) provider, SMI Vantage, plans to launch a bitcoin mining facility in the state of Sarawak in Borneo, Malaysia. The company has signed a rental agreement and anticipates operations to begin by the end of the third quarter....

Bitcoin Price Prediction as FOMC Minutes to Blast BTC Into Bullish Territory


Bitcoin failed to maintain its upward trend on November 23 and fell below $16,650. However, following the release of dovish FOMC meeting minutes, Bitcoin is gaining bullish momentum.   According to FOMC minutes, Fed officials' "Substantial Majority" see rate hikes slowing "soon." Most Open Market...

Hong Kong Presents Digital Currency Prototype, Project Aurum


Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...

Market Wrap: Bitcoin and Ether Kick Off Week in Positive Territory


“Whale” investors moved a large volume of bitcoin off exchanges. The trend is often a bullish signal, suggesting investors are more interested in holding their bitcoin. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets

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