The halcyon days of state subsidized electricity are over. Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity. Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new […]
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In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum. Even as fears of another blanket ban on India’s digital asset market linger on, peer-to-peer Bitcoin trading within the Asian powerhouse is still surging, hitting all-time highs over the first week of August. This immense growth […]
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Bybit has also added support for the Vietnamese language on its platform. Cryptocurrency derivatives exchange Bybit has added support for the Japanese yen and South Korean won in a bid to expand its roots in Asian markets. In an announcement on Aug. 26, Bybit said the addition of these two new fiat currency payment options […]
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Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won. South Korea’s third-largest cryptocurrency exchange, Coinbit, has been seized by police following fraud allegations. According to an Aug. 26 report by the Seoul Shinmun, 99% of transaction volume on the exchange was […]
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The operator of Australia’s ‘PayID’ payments network is suing Ripple Labs over its use of ‘PayID’ branding. Ripple is facing a lawsuit from New Payments Platform Australia (NPPA) — a consortium that includes every significant bank in Australia. While court documents are yet to have been made public, it is believed the suit alleges intellectual […]
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730 people from Wirecard’s German offices will be given pink slips. Wirecard has announced it will lay off 730 out of its 1,300 staff in Germany following a $2.1 billion scandal that left the company insolvent in June. According to an Aug. 25 report from Law360, Michael Jaffé, a lawyer and representative of Wirecard’s administrator, […]
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Who said browser-based cryptojacking was dead? The crypto price surge since March has been accompanied by a wave of cryptojacking attacks according to new research published by cybersecurity firm Symantec. According to the company there was a 163% increase in browser-based cryptojacking activity in the second quarter of 2020. Cryptojacking had previously been in a […]
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The number of Bitcoin whales has hit a new all-time high, signalling that BTC is still in an accumulation phase. In recent weeks, the number of Bitcoin (BTC) addresses holding over 1,000 BTC — often referred to as “whales” — rapidly increased to around 2,088. This trend started shortly after Bitcoin price crashed to $3,600 […]
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Crypto community responds: ‘Nah, we’re good.’ After exiting the crypto space at a loss last week following his high profile entry, Barstool Sports founder Dave Portnoy is hinting he’s not completely finished with Bitcoin yet. In an Aug. 25 tweet to his 1.7 million followers, the day trading king said he would “save” Bitcoin and […]
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Bitcoin price has dropped by 6% in less than two days and three factors appear to be behind the pullback. The price of Bitcoin (BTC) abruptly fell from $11,823 to $11,102 in the last 48 hours. While on a macro level the digital asset remains in an uptrend, there appear to be three key factors […]
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