Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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National Bank of Kuwait Launches Ripple-Based Cross-Border Payments Product
The National Bank of Kuwait (NBK) has launched a cross-border remittance product based on RippleNet’s blockchain technology, according to an announcement published Dec. 27.Established in 1952, the NBK is the largest financial institution in terms of assets in Kuwait. Per the bank’s 2017 annual report, the NBK has over $86.3 billion in total assets.The NBK…
Portugal proposes 28% tax on annual crypto trading profits next year
The cryptocurrency tax haven could see taxes levied on profits realized from cryptocurrency trading or capital gains within a year of their acquisition. 423 Total views 8 Total shares
Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move
Coinbase CEO Brian Armstrong has been actively pursuing the exchange's expansion ambitions in the United Kingdom amid mounting legal issues in the U.S.. 333 Total views 7 Total shares Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto-related transactions.Brian Armstrong took to
Bakkt Set to Smash Bitcoin Trading Volume Record in November
Bitcoin (BTC) futures trading on the Intercontinental Exchange Bakkt platform is seeing a considerable rise in average daily volume so far this month compared to September and most of October.Volumes yesterday, Nov. 5, hit close to their all-time-high — with 1061 traded contracts worth $10 million, a 96% increase over the previous day.According to tracking…
Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams
The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind. 775 Total views 75 Total shares A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade.On Aug.…
Stronghold requests permission to burn tires for crypto mining in Pennsylvania
Company requests the use of Tire Derived Fuel, citing the United States Environmental Protection Agency’s approval to use this kind of energy source at other industrial facilities in the state. Stronghold Digital Mining, a Pennsylvanian crypto-mining company, is currently seeking approval to produce up to 15% of its energy using shredded tires, at its Panther
X suspends account that let users launch memecoins from an X post
The "makenowmeme" account on X purportedly provided a way for X users to create memecoins on Solana with a simple post.
Report: Bitmain Earned Over $300 Million in 2020 Despite Rumored Problems
Chinese cryptocurrency hardware manufacturer, Bitmain, made over $300 million in profit in the first four months of 2020. This news comes despite the COVID-19 outbreak and recent rumours about in-house problems, a recent report suggests.Bitmain allegedly earns over $300 million, rewards employees with massive bonusesAccording to the industry blog, Wu Said Blockchain, Bitmain announced internally…