In Drumheller, Alberta, Canada, Bitcoin miner Hut 8 has decided to shut down operations owing to power outages and soaring energy prices. The notification made on March 6 states that the Drumheller mining plant, which accounts for only 1.4% of Hut 8’s Bitcoin (BTC) but uses around 11% of its
March 7, 2024 1 min read
Another roadblock has emerged on the issue of “breaching privacy” for Sam Altman’s Worldcoin. The project has been directed by Spain’s data protection authority, the AEPD, to cease collecting personal data in the country and to cease using the data it has already gathered, according to Financial Times. Uncertainty and
March 6, 2024 2 mins read
The Virtual Assets Regulatory Authority (VARA) in Dubai has granted initial approval to Nexo, a digital asset service provider. Nexo DTC, Nexo’s regional organization, has reached a major milestone in its pursuit of complete licensure for a number of activities, including Broker-Dealer operations, Lending & Borrowing, and Management & Investment.
March 6, 2024 2 mins read
According to a statement by Magic Eden’s CEO and co-founder, Jack Lu, the platform’s sales reached $50 million, which caused a stir in the world of digital assets. Magic Eden is a well-known decentralized NFT marketplace. As the community’s euphoria around the possible rebirth of the NFT arena is reflected
March 6, 2024 2 mins read
The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia has reportedly requested that the Ministry of Finance evaluate the country’s policy on the taxation of cryptocurrencies. Members of Bappebti’s executive staff have reportedly asked for a review of the 0.11 percent income tax on cryptocurrency and the 0.1 percent value-added
March 2, 2024 1 min read
The spot Bitcoin ETF market was boosted as of February 29th’s trading closure by the enormous inflows recorded by the offering associated with the top investment asset management company, BlackRock, iShares Bitcoin Trust (IBIT). On Thursday, Grayscale saw massive outflows of $598.9 million, which, if not mitigated, would have caused
March 1, 2024 1 min read
One of the top three cryptocurrency exchanges in the world by volume, Bybit, has released the Fiat Cashback Splash for March for both new and seasoned customers who make fiat deposits. Every month during the first week, any of Bybit’s 20 million users that contribute fiat will get rewards. New users will
March 1, 2024 1 min read
Io.net, a Solana-based decentralized physical infrastructure network (DePIN) project that focuses on sourcing GPU processing capacity, has announced a rewards program in advance of the token’s debut. The initiative, called Ignition, will begin on March 1 and continue through April 28. This was announced on Wednesday by Io.net. Users will
February 29, 2024 3 mins read
Layer 2 (L2) solutions have emerged as methods to address the challenges of scalability and efficiency facing Layer 1 (L1) networks. Among the various L2 innovations, Ryoshi Network and Shibarium Network are two options, each with its own approach to improving blockchain performance. This article analyzes Ryoshi Network and Shibarium
February 7, 2024 4 mins read
The new lending platform from Bridgecoin Capital is the first of its kind, allowing clients to invest their cryptocurrency in conventional real estate. This groundbreaking strategy is the first tax-efficient way to preserve wealth in the blockchain sector, and it was developed by a team of real estate and crypto experts.
August 3, 2023 2 mins read
