Tag: bitcoin trader

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Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same…
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UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must…
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Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam

Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital wallet, already has more than 1 million customers using…
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Upland Sustains Mass Market Readiness With All-Inclusive Economy

Upland is a mobile-first blockchain metaverse that allows users to buy virtual properties based on real world addresses, build on those properties to increase their value, and sell them to increase their virtual real estate portfolio. Upland has the unique position to attract mass markets due to the fact that the economy is built to…
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Binance Chief Says Exchange ‘Froze/Recovered 83%+ of Curve Stolen Funds’

Major crypto exchange Binance said it has frozen or recovered more than 83% of the Curve Finance (CRV) stolen funds. According to the exchange’s CEO, Changpeng ‘CZ’ Zhao, “Binance froze/recovered [USD] 450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users.”… Read…
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Bitcoin and Ethereum Keep Moving Lower, HT Rallies

Bitcoin price struggled to clear the USD 24,200 resistance zone and moved below USD 24,000 again. It is currently (11:49 UTC) trading near USD 23,800 and is down almost 4% in a day and up 5% in a week. Besides, most major altcoins are also moving lower. ETH could accelerate lower if it breaks the…
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UK Financial Giant’s Crypto Move, Solana’s Growth, Pudgy Penguins Get Physical + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: UK Financial Giant’s Crypto Move, Solana’s Growth, Pudgy Penguins Get Physical + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode

The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token. Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin.  The Axie Infinity team…
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S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors. Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global following its latest earnings report this year. The agency confirmed the downgrade in a note…
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Built to fall? As the CBDC sun rises, stablecoins may catch a shadow

Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist? There’s a ferment brewing with regard to central bank digital currencies (CBDCs), and most people really don’t know what to expect. Varied effects seem to be bubbling up in different parts of…
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