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South Korean Officials Notice a Sudden Rise in Crypto Mining Rigs Imports- Over 41 Shipments Intercepted in 3 Months
11.3.2021
Crypto adoption is a hot topic in South Korea, and recent figures have been proving it. However, crypto mining activity is also starting to gather interest across the country, per the latest reports from local media outlets. A Single Rig Should Worth $150 ‘or Less’ to Be Considered...
American Home Warranty Company to Accept Crypto Payments, Plans to Add BTC to Investment Portfolio
11.3.2021
Following in the footsteps of Tesla, the home warranty company American Residential Warranty (ARW) says it will accept cryptocurrency payments for its services. In addition, the company also plans to acquire and hold bitcoin as part of its strategy “to expand its investment portfolio...
Multi-Platinum Recording Artist Lil Pump to Drop ‘Digital Jewelry’ NFTs
10.3.2021
On March 10, the hip-hop artist Lil Pump announced the multi-platinum-selling artist has partnered with the non-fungible token (NFT) platform Sweet. The American rapper will drop three unique NFT collectibles in total and he’s also releasing a one-of-a-kind “digital jewelry collectible...
3 key Bitcoin price metrics signal this ‘healthy’ rally has room to run
10.3.2021
A stable funding rate paired with a record-high $20.3 billion open interest on BTC futures suggest that the current rally has room to extend higher
JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure
10.3.2021
JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined based in part on exposure...
21shares Launches Bitcoin Cash and Ethereum ETPs on Deutsche Boerse’s Xetra
10.3.2021
The cryptocurrency exchange-traded products (ETP) provider 21shares AG, formerly known as Amun, has announced the launch of two new crypto asset ETPs on Deutsche Boerse’s Xetra. The 21shares ETPs will leverage the cryptocurrencies ethereum under the ticker “21XE,” and bitcoin cash...
Korean crypto exchanges could soon face fines for gaps in due diligence measures
10.3.2021
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges
German Bank Donner & Reuschel to Offer Crypto Custody Services in Response to a ‘High Market Demand’ in the Country
10.3.2021
Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services. Bank Will Also Explore Further...
BlockFi users targeted in ‘racist and vulgar’ email attack
10.3.2021
Roughly 500 people were in for a random surprise on Mar. 8, receiving a profanity-laced correspondence from BlockFi after their email addresses were used to sign up for fake accounts
AMD Could Release Its Own Crypto GPU to Mine Ethereum to Calm Down the Skirmish Between Miners and Gamers
10.3.2021
A U.S. multinational semiconductor company could be preparing the ground to release its own series of cryptocurrency mining processors. AMD is reportedly looking to introduce a GPU for mining Ethereum. AMD Navi 12 Won’t Have Video Outputs According to PC Gamer, the AMD Navi 12, a graphic...
Gemini crypto exchange sponsoring the Oxford-Cambridge boat race
9.3.2021
"We are thrilled to be combining two of our greatest passions — rowing and crypto — with our sponsorship of this historic event," said the Winklevoss twins
Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval
9.3.2021
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high
Bybit appoints new general counsel to lead global cryptocurrency compliance
9.3.2021
Daniel Lim will lead Bybit's legal and compliance team, following an appointment hot on the heels of Bybit's U.K. shutdown
Huobi and Seychelles regulators can’t agree on where the exchange is registered
9.3.2021
The major crypto exchange has long claimed registration in the famous offshoring haven
Nigeria to Pay 1.2 Cents for Each Dollar Remitted to the Country to Combat Cryptocurrency Use
9.3.2021
The Central Bank of Nigeria (CBN) has announced a scheme that seeks to boost international remittances as well as to encourage the use of official corridors when retrieving funds. The CBN’s move to incentivise recipients follows the plummeting of the country’s official remittances...
South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
9.3.2021
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018...
Publicly Listed Maker of Billion-User Chinese App Meitu Buys $40 Million of Bitcoin and Ether for Its Treasury
9.3.2021
One of China’s top internet app makers, Meitu Inc., is adding up to $100 million worth of cryptocurrencies to its treasury, joining a growing list of companies worldwide to do so. The company has already purchased $40 million worth of bitcoin and ether for its balance sheet. Chinese Public...
Chiliz (CHZ) rallies 60% to a $1B market cap as fan token offerings expand
9.3.2021
The success of the AC Milan Fan Token launch and plans to expand to the United States support Chiliz's 1,000% rally over the past month
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...
Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives
8.3.2021
Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto security infrastructure provider Curv. According to Paypal, this acquisition will help the company “expand its initiatives to support cryptocurrencies and digital assets.” The deal is reportedly worth less...