IMF execs float raising crypto mining electricity prices by 85%
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives.
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Two Companies Used Crypto to Pay Taxes in Ohio, Says State Treasurer
Two businesses in the United States state of Ohio have paid taxes with cryptocurrencies, state Treasurer Robert Sprague said in a forum on Feb. 19. Ohio became the first state to allow businesses to pay taxes with cryptocurrencies like Bitcoin (BTC) in November 2018.During a forum covering policy issues facing the state, Sprague said that…
Data Suggests Some Americans May Be Buying Crypto With Stimulus Check
Data suggests that a portion of the American population may be spending their coronavirus stimulus check on cryptocurrency. 1793 Total views 76 Total shares A chart published by Brian Armstrong, CEO of United States crypto exchange, Coinbase, suggests that a small portion of the American population may be using their coronavirus stimulus checks to purchase…
Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally
Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind.The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in…
SBF maintains his innocence as he trades rice in jail
FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well.
Luxembourg University Postdoc: Central Bank Digital Currencies Too Attractive to Ignore
The idea of issuing a central bank digital currency (CBDC) is too attractive to ignore, a postdoctoral researcher from the University of Luxembourg wrote in a study. The research was shared by the Oxford Business Law Blog on Friday, Feb. 22.Hossein Nabilou, a postdoctoral researcher at the Faculty of Law, Economics, and Finance of the…
Adapt or die: Payments giants partner with crypto firms to ensure security
Institutional interest for digital assets continues to grow rapidly, demonstrating that cryptocurrencies, stablecoins and nonfungible tokens (NFT) are here to stay. At the same time, traditional financial institutions are beginning to understand the dire need to properly support digital assets. For example, although payments giants such as Mastercard and Visa currently offer crypto-enabled credit and…
P2P Crypto Trading Volume Increased 2800% in South Africa, Says Paxful
Peer-to-Peer (P2P) cryptocurrency trading platform Paxful has seen 2,800% more trades in South Africa this month compared to October 2018.Demand for crypto sharply increases in S.A.Paxful announced the growth of its South African user base in a blog post published on Oct. 28. In the post, the company also notes that Johannesburg, Pretoria and Cape…
Hong Kong makes HKVAX third licensed retail crypto exchange
HKVAX is the first to be licensed under the region’s new licensing regime, as 16 more exchanges wait.