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Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally
22.8.2022
The price action in Bitcoin, altcoins and stocks reflects investors’ anxiety over the Fed’s rate hike plans, a weakening bear market rally and this week’s Jackson Hole economic symposium
South Korea Plans to Tax Crypto Airdrop Recipients: Report
22.8.2022
South Korea’s Ministry of Economy and Finance has said crypto airdrops could be subjected to a gift tax of between 10% and 50%
World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown
21.8.2022
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches...
Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining Sector
21.8.2022
SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans...
CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge
19.8.2022
Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME’s ether options product prepares for regulatory review,...
CME Group plans to launch options on ETH futures prior to the Merge
18.8.2022
The group reported it had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge
E-Commerce Giant MercadoLibre Introduces Cryptocurrency in Brazil, Plans Wider Latin America Use
18.8.2022
Mercado Coin will allow the company’s 80 million users to make purchases and receive cashback
EthereumPoW team plans to freeze selected contracts, community pushes back
17.8.2022
The PoW hard fork of Ethereum is being propagated by a set of miners, but many experts believe that the chances of it succeeding is very less
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion
17.8.2022
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also be accompanied by restrictions on cash payments...
Coin Center Says OFAC’s Tornado Cash Ban ‘Exceeds Statutory Authority,’ Plans to ‘Engage’ With US Watchdog
16.8.2022
On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC)....
Bitcoin Miner PrimeBlock Cancels Listing Plans, Terminates $1.25B Merger With 10X Capital
16.8.2022
Bitcoin mining company PrimeBlock has terminated its plans for a public listing via a merger with special purpose acquisition company (SPAC) 10X Capital Venture Acquisition
Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing
16.8.2022
Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure...
Bank of Russia Aims for Full Launch of Digital Ruble in 2024
14.8.2022
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital currency continues, the monetary...
Russia plans to roll out digital ruble across all banks in 2024
12.8.2022
Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024
Hedge Fund Point72’s Steve Cohen Plans Crypto Asset Manager: Report
12.8.2022
The new vehicle from the hedge fund billionaire would trade spot cryptocurrencies and crypto derivatives
Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam
12.8.2022
Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital...
Creditors Want to Pour Cold Water on Celsius’ Mined Bitcoin Sale Plans
12.8.2022
Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.”
The company is filing for bankruptcy in New York, where the case is now being heard. But in a letter...
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
12.8.2022
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...
Block Bitcoin Wallet Team Reveals Their Plans and Seeks Feedback
11.8.2022
Twitter founder Jack Dorsey's payment firm Block shared more details about its previously announced wallet, focusing on the plans for combining safety and ease of use/access in order to create a broader and less ‘hesitant’ customer base....
Read More: Block Bitcoin Wallet Team Reveals Their Plans...
Table Tennis Goes Crypto with Plans for NFT, Web3 Crossovers
10.8.2022
The governing body that oversees table tennis is working with crypto startup NFT Tech to create new fan experiences