Bitcoin miner Riot Platforms miss estimates with wider Q2 loss
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin.
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Europe’s Revolut app now offers crypto trading for Aussie users
After opening its doors to Australians last month, one of the largest brokerage firms in Europe is now offering crypto trading services.U.K.-based money app Revolut announced on Sept. 3 that its tens of thousands of Australian customers are now able to buy, sell, and hold crypto assets. Users can convert their fiat into Bitcoin (BTC),…
Stablecoins will remain ‘indispensable’ in Argentina under new president — Ripio CEO
Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said. President-elect of Argentina Javier Milei ran on a promise of economic change. The shape of the transformation will only become known after his inauguration on Dec. 10, but stablecoins will
SEC Asset Freeze Caused ‘Significant Harm’ to Holders, Says Veritaseum
The chief defendant in an alleged $15 million initial coin offering (ICO) fraud case has submitted a formal reply to the United States Securities and Exchange Commission (SEC). On Aug. 20, Reginald Middleton shared a copy of a memorandum of law against the agency’s application for a preliminary injunction to continue a temporary asset freeze against…
Iran set to freeze bank accounts of women who refuse to wear a hijab
Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs. Own this piece of crypto history Collect this article as NFTA member of the Iranian parliament has told local media the government plans to impose new punishments on women who do not wear a hijab…
Ethereum L2 Movement Labs raises $38M for Move-EVM adoption
Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.
US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000
The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals.Terms of settlementAccording to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as part of…
European crypto regulatory framework goes to three-way consideration without PoW ban
The EU parliament didn’t use its option to block the current version of MiCA that does not contain the hostile clause. 40 Total views 28 Total shares The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown…
Crypto Community Is Keeping Itself Entertained While on Coronavirus Lockdown
Nationwide lockdowns have become commonplace in a number of countries across the world as the global community tries to curb the spread of the novel coronavirus. For weeks on end, people have had to hunker down in their homes and practice social distancing in order to “flatten the curve” of COVID-19’s spread. Setting aside the…