Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling

French financial regulators have observed an increase in complaints regarding cryptocurrencies this year.Investors in the country are increasingly filing complaints about digital currencies with France’s Financial Markets Authority (AMF) since January 2019, according to the AMF’s 2019 Risk Map report published on July 2.Percentage of claims to AMF regarding crypto assets. Source: AMF     The Risk Map…

Venture capital firm Andreessen Horowitz has led a $25 million funding round for crypto lending startup Compound.On Nov. 14, Fortune reported that Compound, a decentralized finance (DeFi) lending protocol, secured $25 million in an investment round led by Andreessen Horowitz’s a16z, with participation from other top investors including Paradigm, Bain Capital Ventures and Polychain Capital.To…

Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate. 6000 Total views 18 Total shares The United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent…

Purchasing crypto with fiat or any “unrealized appreciation” are not taxable events according to Thomas Shea, an EY crypto tax executive. 249 Total views 26 Total shares While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer.Thomas Shea, crypto tax leader at EY Financial Services,…

Cristiano Ronaldo was asked if he currently owns any NFTs and if he plans to release more NFT collections. 266 Total views 4 Total shares Soccer legend Cristiano Ronaldo went through a lie detector test to answer various questions about soccer and teased his plans to release more nonfungible token (NFT) collections in the future. The

European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological. A number of countries such as China and Sweden are already experimenting with central bank digital currencies, which are also referred to as CBDCs. The implementation of this new type of money requires a number of aspects…

The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines.Brazil’s central bank announced its decision on Aug. 26. With the new classification under IMF standards, traded cryptocurrencies will be classified as non-financial products and as such, will be accounted as goods on the central bank’s…

Three months after embracing crypto, Lloyds auction house reportedly sold a legendary rally car for $360,000 in Bitcoin. 208 Total views 15 Total shares Bitcoin (BTC) adoption grows in the auction world, where privacy is a key concern. An anonymous buyer purchased a legendary rally car, driven by iconic rally figures Colin McRae and Carlos…