Bitcoin loses support for five figures, Craig Wright ordered to pay 500,000 BTC, and China’s digital currency may be further away than first thought. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and […]
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The Ministry of Economy of Kyrgyzstan has submitted a draft law which proposes the taxation of crypto mining. On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation. New tax proposal According to news outlet Kabar, the draft […]
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There’s more money in the game for miners than ever before, as all-time revenue for Bitcoin mining tops $14 billion. All-time revenue for Bitcoin (BTC) miners has topped $14 billion, according to fresh data from Coin Metrics. As Yahoo! Finance reported on Aug. 30, despite the massive increase in the network’s hash rate — a […]
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Cryptocurrency project Decred announces the addition of various privacy-focused features to its DCR coin. On Aug. 28, cryptocurrency project Decred announced that it is adding a few new privacy-focused features to its cryptocurrency DCR. According to Decred’s official blog, the goal of these new features is to be “simple, adaptable, and creative.” The post explains: […]
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McAfee Labs has observed increases of 29% in crypto jacking and 118% in ransomware attacks in the first quarter of 2019. Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on […]
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The United States Securities and Exchange Commission reaches $10 million settlement with a Dallas-based digital assets company and its founders. The United States Securities and Exchange Commission (SEC), a primary governmental regulator, has settled charges with digital assets company Bitqyck Inc. and its founders. Smart contracts and crypto mining? The SEC announced the development in […]
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The Portuguese Tax and Customs Authority clarified that there is no income tax on Bitcoin and cryptocurrency in the country. Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country, Cointelegraph Spain reported on Aug. 27. According to a report published on Aug. 26 by […]
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The suspect behind the massive Capital One data breach also allegedly hacked cloud customers’ servers to mine cryptocurrency for herself. The individual accused of perpetrating a massive-scale hack of credit card issuer Capital One also allegedly hacked cloud customers’ servers to mine cryptocurrency for herself. Court filings published on Aug. 28 reveal that Paige A. […]
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Argo Blockchain, a cryptocurrency mining firm, pushes aggressively to increment its hashrate. Cryptocurrency mining firm Argo Blockchain is reportedly increasing its hashrate as the company’s stock price soars. An aggressively expanding mining firm United Kingdom-based business news outlet ProactiveInvestors reported on Aug. 27 that crypto mining company Argo Blockchain is expanding its mining capabilities after […]
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VMWare CEO Pat Gelsinger says he believes Bitcoin is bad for humanity, citing its environmental impact and purported illicit use. Pat Gelsinger, the CEO of major cloud computing and virtual machine company VMWare, has condemned Bitcoin (BTC) as being “bad for humanity.” Fortune spoke to Gelsinger about Bitcoin prior to VMWare’s annual conference in San […]
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