Category: Cryptocurrency

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Group of Tech Pros, Academics Urges Washington to Turn its Back on Crypto Lobbyists

  A collective comprising 26 IT experts and professionals has slammed crypto, accusing blockchain and crypto of “not being decentralized” – and has petitioned United States politicians to crack down on the sector and its lobbyists…. Read More: Group of Tech Pros, Academics Urges Washington to Turn its Back on Crypto Lobbyists  Read more »Pay,…
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Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues in Kazakhstan Kazakhstan has received 652 million tenge (almost…
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Former CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia

Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by Kazakhstan where he is accused of stealing money from an investor. Wex Executive Vasiliev Apprehended at the Airport in Zagreb Belarus-born Dmitry Vasiliev, former CEO…
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This Is Why ‘the Government’ Is Not Going to Ban Digital Assets

  Benjamin Dean, Director, Digital Assets, WisdomTree, an asset management firm and exchange-traded fund (ETF) provider. _____… Read More: This Is Why ‘the Government’ Is Not Going to Ban Digital Assets  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist

About 70% of tokens are held in escrow and will be vested starting later this year. On Tuesday, cryptocurrency exchange Binance said it completed the first stage of airdropping new Terra Luna (LUNA) tokens to holders of Terra Luna Classic (LUNC), TerraUSD (USTC) and AnchorUST (aUST).  The distribution was based on “pre-attack” and “post-attack” snapshots…
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Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity

Out of 2,000 applications submitted for the Axie Infinity Builders Program, only 12 projects were selected. On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were…
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City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending

The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries’ economic hubs. According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending.  The airdrop…
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Survey: Most Salvadorans Still Not Convinced About Bitcoin as Legal Tender

A survey conducted recently by the Center for Citizen Studies of the Francisco Gavidia University, a private institution in El Salvador, has found that more than half of the Salvadorans surveyed still prefer the dollar over bitcoin as legal tender. Bitcoin, which has been pushed by Salvadoran president Nayib Bukele, has in large part not…
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Bitcoin Mining Gathers Support in Russia as More Details Emerge on International Crypto Payments

  Bitcoin (BTC) and crypto miners in Russia are using more energy than the nation’s agricultural sector, says the Ministry of Industry and Trade – while MPs are set to vote on a bill that would allow international traders to pay for goods in crypto or accept payments made in cryptoassets. Per Vedomosti, the Deputy…
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Report: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto

A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now View Gold as Best Investment…
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