Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving. Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings,…
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South Korea’s KB Kookmin Bank applies to trademark KBDAC (KB Digital Asset Custody) in over twenty crypto-related business areas. Major South Korean bank KB Kookmin Bank is expected to launch a cryptocurrency custody service in the near future. According to a report from local news outlet Digital Today on March 27, the bank filed a…
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Iconic entertainment firm Atari is partnering with The Sandbox on the upcoming voxel-based blockchain version of its popular user-generated content and gaming platform. Iconic entertainment firm Atari is partnering with The Sandbox (TSB) on the upcoming voxel-based blockchain version of its popular user-generated content and gaming platform. In an announcement on March 27, blockchain startup…
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A class-action complaint has been brought against the Robinhood stock and cryptocurrency trading app, following a series of outages earlier this month. Following a series of platform outages during historic price action earlier this month, Robinhood, a popular stock and cryptocurrency trading app, now faces another class action complaint. The lawsuit, filed March 25, was…
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India’s Tech Mahindra said faster reconciliation and a reduction in paperwork are just two of the benefits of using the Marco Polo blockchain platform. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. It said the platform…
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Speaking to Cointelegraph, Binance’s VP of futures explains how the firm managed to become one of the top crypto futures trading platforms. Aaron Gong, vice president of futures at major cryptocurrency exchange Binance, explained to Cointelegraph how the firm managed to become one of the top crypto futures trading platforms. As Cointelegraph reported earlier this…
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The Malaysian Palm Oil Council and BloomBloc have developed a blockchain-based app that enables users to trace palm oil throughout the entire supply chain. The Malaysian Palm Oil Council (MPOC) and blockchain startup BloomBloc have developed a blockchain app that enables users to trace palm oil throughout the entire supply chain. Following a successful test,…
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Tax primer for retailers and e-tailers who want to use crypto. During 2019 alone, thousands of merchants worldwide were accepting Bitcoin (BTC) as a payment method. Despite this, a lot of current and would-be merchants are confused about how to pay taxes on their cryptocurrency sales. This guide was created by a United States business…
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Retail investors can now use Paxos Gold as a collateral for loans through the Nexo platform. Crypto-lending platform Nexo has today, March 25, opened up the option of using PAX Gold (PAXG) as collateral against its loans to retail investors. A pilot scheme in late 2019 was limited to institutional clients and purportedly saw immediate…
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With trillions of dollars available for financial stimulus in the wake of the coronavirus outbreak, Binance’s CEO believes that could pump Bitcoin’s market cap to $2 trillion. After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at…
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