US-based Bitcoin (BTC) & crypto mining company Compass Mining aims to sell USD 30m worth of mining gear currently stuck in Siberia to buyers in Russia in a bid to avoid possible sanctions by the US and the EU. Whit Gibbs, CEO of the Texas-based company, has told Bloomberg that the mining servers have…
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Confusion reigns as reports in the international press have variously claimed that the Central African Republic (CAR) has “adopted bitcoin (BTC)” as “legal tender” – while other media outlets appear to suggest that the country has actually done nothing of the sort, and instead approved a legal framework that will legalize the use of…
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Executives of Ripple Labs and the US Securities and Exchange Commission have agreed to prolong the timeline of their lawsuit and postpone court proceedings until the end of 2022, implying that their legal standoff would likely last well into next year. Both parties jointly requested the extension in a letter to Judge Sarah Netburn, who…
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Twitter and Tesla chief and billionaire Elon Musk are reportedly in talks to strike a deal, after Musk earlier this month laid out an offer to buy 100% of the shares in Twitter for USD 45bn and take the company private. Shares of Tesla rose modestly on the news in pre-market trading on Monday….…
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Shiba Inu devs launched a portal that will burn more SHIB tokens than ever before and reward burners for doing so. Popular memecoin project Shiba Inu (SHIB) has launched a SHIB Burn Portal to decrease token supply and enable users to earn passive rewards while doing so. The Shiba Inu team stated on the portal…
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With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs. Californian crypto exchange Kraken becomes the second virtual asset platform after Binance to receive regulatory approval to operate in the Abu Dhabi international financial center and free zone, Abu Dhabi Global Market…
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Bitcoin looks set for a fall as a surging U.S. dollar sparks suspicion based on an equally grim macro picture. Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance? The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has…
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“For us, we think the cryptocurrency markets represent tremendous growth,” said SkyBridge founder Anthony Scarramucci. SkyBridge Capital is working on pivoting the majority of its assets under management (AUM) to digital assets, as the sector represents “tremendous growth” for the firm. The hedge fund was founded by former United States politician Anthony Scaramucci in 2005…
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A tech innovations firm based in Georgia’s capital Tbilisi is now “selling Russia piece by piece” in the form of NFTs. The money from the collectibles, representing almost 2,500 Russian regions, will be used to help rebuild Ukraine, which was invaded by the Russian army two months ago. Georgian Project Auctions NFTs of Russian Land,…
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Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase. Chainalysis on Crypto Gains Worldwide Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket…
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