Tag: News

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Taiwan to Consider Crypto ETFs Based on Global Trends and Regulatory Development

December 5, 2023

Source: pexels Taiwan’s Financial Supervisory Commission (FSC) is exploring the possibility of introducing cryptocurrency exchange-traded funds (ETFs). The FSC revealed that it is closely studying foreign cryptocurrency futures products and ETFs. The intention is to gradually ease restrictions in alignment with global market conditions, FSC revealed to local media. The context of this exploration coincides…
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Riot Blockchain Buys 66,560 Bitcoin Mining Rigs in $290.5 Million Deal with MicroBT

December 5, 2023

Source: AdobeStock / Photocreo Bednarek Bitcoin miner Riot Blockchain has announced its purchase of 66,560 bitcoin mining rigs from MicroBT, marking one of the largest orders in the company’s history. Riot Blockchain is set to acquire 66,560 Bitcoin miners from manufacturer MicroBT in one of its largest orders of hash rate, totaling $290.5 million, with…
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Bitcoin Hits Second-Highest Transaction Day Amid Price Surge, Record Influx of Ordinal Inscriptions

December 5, 2023

Bitcoin marked its second most active day for transactions on December 3, 2023, as the cryptocurrency’s value soared past the $40K mark. This surge in activity comes closely after the record-setting day of November 19, 2023, when bitcoin miners validated 710,579 transactions. On Sunday, bitcoin miners authenticated a total of 707,876 transactions during the 24-hour…
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Number of Russians Trading Crypto Is Falling, Says Central Bank

December 5, 2023

Source: prokop.photo/Adobe Russia’s Central Bank says there has been a drop in the number of citizens trading crypto – with citizens staying away from major overseas trading platforms. Per RBC, the bank’s data shows Russians’ crypto activity “decreased in the second and third quarters of 2023.” The bank said it had recorded a fall in…
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Tether Blacklists Over 30 USDT Wallets

December 4, 2023

Tether, the company behind the issuance of USDT, the largest stablecoin, has blacklisted more than 30 addresses that have received billions in USDT since their first use. According to blockchain intelligence firm Chainargos, the blacklisted addresses had received $161 million from Whitebit, a European exchange with Ukrainian roots. Tether Blacklists Over 30 USDT Addresses…
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El Salvador Triumphs in Bitcoin Bet — President Nayib Bukele Announces $3.6 Million Profit

December 4, 2023

El Salvador’s head of state, Nayib Bukele, recently announced that the nation’s bitcoin investment has turned profitable, rebounding from a prolonged period of losses experienced during the majority of last year’s crypto winter. Bukele revealed that the value of the country’s cryptocurrency holdings has risen by $3.6 million, based on current bitcoin exchange rates. El…
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Report: Spanish Police Arrest Man Accused of Conspiring With Jailed Ethereum Developer to Evade US Sanctions

December 4, 2023

Spanish law enforcement said on Dec. 1 it arrested a man accused by the U.S. of conspiring with Ethereum developer Virgil Griffith to help North Korea evade sanctions. A Spanish judge released the man who has since denied the allegations. Cao de Benos Released Without Conditions The Spanish police announced on Dec. 1 that it…
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Bitcointalk Forum to Enforce Mixing Talk Ban

December 4, 2023

Bitcointalk, a historic Bitcoin-focused forum, has announced it will start banning mixer-related topics next year. Forum administrator Theymos argued that while these services were not necessarily illegal, a pattern has emerged where these platforms are consistently being taken down by law enforcement. Bitcointalk Forum Announces Upcoming Ban on Mixing Topics Bitcointalk, a historic forum platform…
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Microstrategy’s Bitcoin Investment Flourishes, Netting $1.6 Billion Profit

December 4, 2023

Recent statistics reveal that Microstrategy, a company known for its business intelligence, mobile software, and cloud services, has seen a significant increase of over 30% in its bitcoin investments. The company invested a total of $5.314 billion, with the current value of its bitcoin cache reaching $6.915 billion, marking a substantial profit of $1.601 billion. …
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Latam Insights: Colombian President Meets Blockchain Experts, Brazil Passes 15% Tax for Foreign Crypto Investments

December 4, 2023

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Colombian president met with a group of blockchain proponents, the Brazilian Senate passed a law taxing investments in foreign exchanges, and the Fintech Chamber proposed a tokenization framework in Argentina. Colombian President…
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