Bitget reports $700M capital inflow in Q2, adds 2.9M users

The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price by 54 percent and making it the worst performer in the S&P 500, CNBC reports on Dec. 21.From 2016 to September…

Blockchain property transaction platform blockkimo Ltd along with two other companies have jointly completed “the first” real estate transaction on a blockchain in Switzerland. The development was announced by blockimmo in a blog post on Mar. 1.Blockimmo, proptech company Elea Labs Ltd. and digital assets service firm Swiss Crypto Tokens Ltd. have conducted a blockchain-based…

A Waves proposal that aims to solve the liquidity problem of Vires.Finance has passed after gaining the support of its community. 115 Total views 7 Total shares The Waves (WAVES) community has supported a governance proposal to revive the decentralized finance (DeFi) lending protocol Vires.Finance after its liquidity crisis. The vote aims to stabilize the…

Bahrain’s central bank initially announced the JPM Coin trial in May 2021. 139 Total views 13 Total shares Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency.The Central Bank of Bahrain (CBB) has successfully completed a digital payment test in…

The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels. Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust…

As Americans wait for COVID-19 stimulus checks, the Digital Dollar has returned to legislation in the United States that looks to extend monthly payments for the long haul.The ABCs of aid during crisisOn April 16, Representative Rashida Tlaib (D-MI) introduced the “Automatic Boost to Communities Act,” or the ABC Act in the House of Representatives.The…

Cryptocurrency exchange OKEx founder Star Xu has today, September 12, hit back at allegations of fraud after conflicting reports over why Chinese law enforcement summoned him to a police station for 24 hours Monday.According to multiple local media sources, Xu, also the CEO of OKCoin, had faced problems at his hotel from a group of…