Category: Cryptocurrency

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Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal

October 7, 2022

The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with the investment firms B. Riley Securities and Northland Securities. Bitcoin Miner Greenidge Generation Looks to Raise…
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European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion

October 7, 2022

Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation…
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EU Council Endorses Markets in Crypto Assets (MiCA) Legislation

October 6, 2022

Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation Moves Closer to Adoption in EU The Committee of Permanent Representatives (COREPER)…
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Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’

October 6, 2022

Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the…
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Biggest Movers: DOGE, XRP Hit Highest Point Since Late September

October 5, 2022

Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high. Dogecoin (DOGE)…
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European Regulator Lists What is Needed for ‘Responsible Crypto Sector’

October 5, 2022

More dialogue between the crypto industry and supervisors, consumer education, “rigorous compliance,” and even a “mind shift” for some crypto firms are necessary for creating a “responsible” crypto sector, said José Manuel Campa, chairperson of the European Banking Authority (EBA)…. Read More: European Regulator Lists What is Needed for ‘Responsible Crypto Sector’  Read more »Sign…
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Binance and Kazakhstan to Share Information About Crypto-Related Crime

October 5, 2022

Cryptocurrency exchange Binance has agreed to support Kazakhstan in ensuring the safe development of the country’s crypto market. The trading platform and Kazakhstan’s financial regulators intend to inform each other about cases involving the use of digital assets for illicit purposes. Binance Exchange to Help Kazakhstan Authorities Combat Crime Linked to Cryptocurrencies The world’s leading…
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Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals

October 5, 2022

Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers say. According to a new report, these organizations use Telegram to raise money then used to pay for equipment and training. Paramilitary Groups Employ Cryptocurrency to Fund Russian Operations in Ukraine Pro-Russian groups have reportedly…
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Biden Administration Urges Speed Up of Crypto Regulation as Recession Fears Rise

October 4, 2022

US President Joe Biden’s administration urged Congress to pass laws that will clarify how cryptoassets should be regulated amid increasing fears of a global recession. The group of financial regulators comprising the US Financial Stability Oversight Council issued a report on Monday, calling on politicians to reach an agreement on crypto-related matters, including the way…
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