Source: Adobe/Татьяна Палладина Bitcoin (BTC) mining leaves a climate footprint, but renewable energy accounts for a considerable share of the process, according to Nic Carter, Founding Partner of blockchain-focused venture capital (VC) firm Castle Island Ventures. “Bitcoin absolutely is an industry that consumes a lot of energy,” Carter said in an interview with Bloomberg Read…
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Bitcoin price rallied to a new all-time high near USD 48,200 before starting a downside correction. BTC traded below the USD 47,000 level and it is currently (05:00 UTC) near USD 46,000. The next key support is at USD 45,000, below which there are chances of a larger downside correction. Besides, most other major altcoins…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news US-based major crypto lending and trading company BlockFi announced the launch of the BlockFi Bitcoin Trust, an investment vehicle for investors seeking access to bitcoin (BTC). "As we work to broaden…
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The conventional media has expressed mixed emotions about Elon Musk and Tesla’s move into the world of crypto – announcing yesterday that it purchased bitcoin (BTC) worth USD 1.5bn and hinting the carmaker may be set to start accepting crypto pay. In a damning assessment, Guardian financial columnist Nils Pratley bristled at the idea of…
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Kuala Lumpur, the capital of Malaysia. Malaysia’s top independent investment bank, the Kenanga Investment Bank, has announced that it has acquired a 19% stake in the domestic crypto exchange Tokenize Xchange. The trading platform is one of just three in the country to have received a digital asset exchange (DAX) license from the regulatory Securities Commission Read more…
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Tax authorities around the world have indicated that they will not sit back and watch crypto traders get rich as prices skyrocket – with new tax measures set to come into play in Europe, Asia and beyond. (Updated at 13:45 UTC: correction made to information about G7 summit in third paragraph.) The G7, which comprises…
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Popular crypto portfolio tracker and trading app Blockfolio claims they are nearly back to business as usual and are offering up to USD 10 million in credits following this morning’s scandalous hack. Blockfolio, which was acquired by crypto derivatives exchange FTX last year, has issued a couple of statements this morning (UTC time), profusely apologizing…
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Bitcoin price rallied significantly above the USD 42,000 and USD 45,000 resistance levels. BTC even spiked above USD 47,000 and traded to a new all-time high near USD 47,500. It is currently (05:00 UTC) consolidating gains and it could continue to rise towards USD 48,500 and USD 50,000. Similarly, most other major altcoins extended their…
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With the number of companies getting into bitcoin (BTC) and altcoins on the rise everywhere in the world, some say that it is now only a matter of time before Asia’s tech giants turn their attention to tokens. But it appears that a few folks have jumped the gun with reports that Chinese mobile and…
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Crypto industry experts in Russia have warned that government agencies are gearing up for a regulatory drive that will see it “tighten control” over crypto, enforcing tough new tax protocols and enhancing its monitoring of transactions. Per media outlet RIA Novosti, industry sources have claimed Moscow wants to force all traders to submit annual tax…
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