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GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion

18.9.2020
California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination...

IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract

11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...

Mastercard Launches Digital Currency Testing Platform for Central Banks

10.9.2020
Mastercard has launched a digital currency testing platform aimed at helping central banks test their digital currencies. The system will also demonstrate how consumers can use central bank digital currencies to pay for goods and services wherever Mastercard is accepted worldwide....

Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts

5.9.2020
Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...

Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year

4.9.2020
Bitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s crypto valley is home to many cryptocurrency businesses, and by accepting bitcoin and ether for tax payments, the canton aims to “promote and simplify the use of cryptocurrencies...

Residents of Europe’s Crypto Valley Can Pay Tax Bills in Bitcoin, Ethereum

3.9.2020
Zug. The Swiss canton of Zug – the heart of the nation’s burgeoning crypto and blockchain industry – will be allowed to pay tax bills of up to USD 109,670 in bitcoin (BTC) or ethereum (ETH) from February 2021. Per Bloomberg, the canton’s tax authority has sealed a deal with crypto custody firm...

[článek] Mall a ČSOB nalily 125 milionů do Mall Pay, chystají úvěry a karty

2.9.2020
[3 minuty čtení] Licence od ČNB má Mall Pay umožnit expanzi do finančních produktů. Přes službu letos proteče přes sto milionů. Tuzemská internetová skupina Mall Group a banka ČSOB společně poslaly dalších 125 milionů korun do postupně se rozjíždějící fintechové služby Mall Pay. Oba partneři, kteří...

Yearn.finance Continues Rally As Traders Pay Almost 3 Bitcoin Per YFI

31.8.2020
After a month of extraordinary returns of more than 740%, DeFi darling yearn.finance (YFI) keeps climbing today, while traders remain divided on whether the top has been reached for the price or if it still has room to grow. As of press time on Monday (10:28 UTC), YFI was up by 3.5% over the past...

BTC and Altcoin Pay is Growing Fast, Says Crypto Payment Firm BitPay

27.8.2020
Source: Adobe/Wit (edited by Cryptonews) Atlanta-based crypto pay service provider BitPay says that bitcoin (BTC) and altcoin payments are on the rise – with the number of transactions on its platform growing by 4.6% in June. Per data released by the firm, 107,000 crypto pay transactions were...

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