Chip Making Giant TSMC Reports Significant Drop in Crypto Mining Revenue

Chip manufacturing giant Taiwan Semiconductor Manufacturing reported a sizeable drop in its crypto mining-related revenue in 2018. Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018. The news was revealed in the company’s Q4 2018 financial results, published Jan. 17, together with an earnings call transcript. […]

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Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report

Kotak Mahindra Bank, India’s second largest private sector bank by market cap, is allegedly requiring account holders to refrain from dealings in cryptocurrency. Kotak Mahindra Bank — India’s second largest private sector bank by market cap — is allegedly requiring account holders to refrain from dealings in cryptocurrency. The claim was made by Twitter user […]

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Saudi Arabia Completes IBM TradeLens Pilot for Cross-Border Blockchain Trade

Officials have confirmed the country’s FASAH trade platform was linked with TradeLens. Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion. TradeLens, which IBM and Maersk created in August last year, […]

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British Regulators Ruminate on Crypto Rules While Standing Firm on Crypto Taxation

British regulators are taking more time over crypto, but this won’t make U.K. legislation more permissive. A significant crypto market slump has brought concern and alarm, but also some unexpected side benefits. One such benefit comes from how financial regulators in the United Kingdom now appear sufficiently relaxed about crypto and its growth that they can […]

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New Remittances System to Tackle Crypto Volatility When International Payments Are Made

sponsored A fintech company is launching a new system of remittances that’s designed to help consumers avoid fluctuations in value when sending crypto around the world. A Japanese fintech company has unveiled a system that is designed to address the price volatility seen when cryptocurrencies are used for remittances. Atom Solutions says that, at present, […]

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