Mining company MARA lent out 7,377 BTC to third parties in 2024
A MARA executive said the purpose of its lending program is to generate income to offset operating expenses incurred by mining.
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Kazakhstan Senate approves legislation regulating crypto service providers
The country's legislature has passed a law that would impose financial monitoring on crypto platforms. 64 Total views 3 Total shares According to new legislation passed by the upper house of the country's national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported by local news outlet Vlast. The…
Biden considering Gary Gensler for Deputy Treasury Secretary
The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team. 244 Total views 3 Total shares With 55 days until his inauguration as President of the United States, Joe Biden is reportedly considering the former chairman of the Commodity Futures Trading Commission for a permanent position in his administration. According…
Experts: Ethereum Losing Ground to New Networks
The Ethereum network is losing ground as developers switch to other projects, various experts told Bloomberg on March 28.Ethereum, which debuted in 2015, initially provided a platform on which developers could build decentralized apps (DApps), conduct initial coin offerings (ICOs) and write smart contracts. Many saw it as being the successor to Bitcoin (BTC).According to…
Digital identity platform integrates with zkSync for on-chain KYC
RNS.ID’s on-chain KYC solution is designed on a “privacy engine” to encrypt users' data. 201 Total views 1 Total shares RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared…
Blockchain Browser Brave to Reward Users with BAT Tokens for Watching Ads
Decentralized browser Brave has launched Brave Ads, an option that enables its users to earn rewards for watching advertising. The development was announced on Brave’s website on April 24.The announcement reads that users of Brave — which is an open-source blockchain-powered browser that blocks ads and website trackers — can now receive 70% of the…
4 Key Bitcoin Metrics Show Not All Hope Is Lost for BTC Price
Bitcoin (BTC) price dropped to $3,700 for a brief period on March 12, ending the day at $4,970. By March 13, the price recovered from the major downtrend, ending the day at $5,563 and showing an impressive return of over 11%.Cryptocurrency market daily performance. Source: Coin360The recent market turmoil, whether in traditional markets or the…
China’s share in Bitcoin transactions declined 80% post crackdown: PBoC
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans. 712 Total views 6 Total shares People’s Bank of China, the central bank of the country, claimed in a recent note that China's share in the global…
Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion
Belarus’ general prosecutor has raised concerns about the role cryptocurrency could be playing in tax evasion, local daily news outlet TUT.by reported on June 4.Speaking as Belarus hosted the International Prosecutors Association’s regional conference, Aleksandr Konyuk said the time had come for all attendants’ authorities to study cryptocurrency use.Belarus had become one of the first…