Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project. Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday. Called ZipangCoin (ZPG), Mitsui’s new digital currency will reportedly be issued as early as February and will…
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Stocktwits plans to expand its crypto trading services by launching U.S. equity trading and crypto derivatives trading in the coming months. Investor-focused social media platform Stocktwits, which gained popularity during last year’s “retail short squeeze” frenzy involving GameStop and AMC Theaters, rolled out its own crypto trading services on Thursday. Stocktwits has partnered with FTX.US…
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Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is…
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“We just have to be brave… But not too brave or else Matt Damon will come and take all our money,” said characters on the animated series, hinting at the crypto market downturn. More than three months after its release, the ad from crypto exchange Crypto.com featuring Hollywood star Matt Damon was the subject of…
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Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January. Mining Facilities in Kazakhstan Still Shut Down Data centers…
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House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to “ensure that our tax code evolves with our use of virtual currency.” A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200. According to a Tuesday draft…
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Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows…
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The average crypto donation size was $10,455, 82x more than an average $128 cash donation. 2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy. According to research data from The Giving platform, crypto donation volume rose to $69.6 million…
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90% of El Salvadorans described their knowledge of Bitcoin as poor or non-existent last year despite BTC becoming legal tender. Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year. Paxful on Wednesday announced the launch of “La Casa…
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Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some…
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