A US engineering firm awarded singer and entrepreneur Akon with a $6B contract to build a crypto city in Senegal. U.S. engineering firm, KE International, awarded Senegalese-American singer and entrepreneur Akon with a $6 billion contract to build a cryptocurrency city in Senegal. According to a June 4 announcement, KE International secured $4 billion from […]
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BlackBerry releases crypto mining and cryptojacking detection software focused on computers running Windows 10. Software company and former smartphone manufacturer, BlackBerry, has partnered with Intel to launch a crypto mining and cryptojacking detection system for Intel-based commercial computers. According to the announcement, BlackBerry released “BlackBerry Optics v2.5.1100”, which relies on the BlackBerry Optics Context Analysis […]
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Vitalik Buterin pointed out that 40 M fewer Ethers have been mined today than was envisioned five years ago. Vitalik Buterin tweeted today that the Ethereum (ETH) supply is 40 million ethers less today than what was estimated in the original whitepaper. He believes this refutes the theory that Ethereum is run by inflationaist technocrats. […]
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The US federal court sides with the IRS in a dispute involving crypto whales and unpaid taxes. The United States Tax Court has affirmed the IRS’ decision to deny a Maryland couple an installment plan. They state instead that the couple should liquidate their $7 million cryptocurrency holdings to pay off the tax debt. The […]
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As protests against police brutality continue in the U.S., privacy advocates warn of the risks posed by centralized social media platforms. The protests in the United States against police brutality and systemic racism sparked by the murder of George Floyd by former Minneapolis police officer Derek Chauvin on May 25 are showing no signs of […]
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The utopian idea of universal basic income — which has been with humanity for at least half a millenia — can become real with digital currency. Due to the crisis caused by COVID-19, millions of people have lost all or part of their income. To support them, governments have been giving out money to victims. […]
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Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country. The South Korean Finance Minister, Hong Nam-Ki, announced plans to impose a tax on cryptocurrency, while speaking to the parliamentary finance committee on June 17. According to a report from local news outlet, Korea JoongAng […]
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On the surface, Forex and cryptocurrency trading look similar, but the history and functioning of these markets are notably different — we’ll explain how. Which one is right for you? Of course, this is a question that all traders have to ask themselves, but a lot of it comes down to which type of trading […]
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China comes up with yet another crypto-related plan to take on the hegemony of the U.S. dollar in international payments. Chinese officials are reportedly planning to create an East Asia digital currency to assert more independence from the United States dollar and foster trade relations within the region. According to a recent Nikkei Asia report, […]
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Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term. In a June 16 interview with Bloomberg, Kraken CEO Jesse Powell claimed that layer-2 solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar. In addition […]
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