Paraguay seizes 2,738 ASICs as power theft crackdown continues
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.
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Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill
Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS).According to a report published by The Korea Times on Jan. 16, Bithumb filed a complaint with the NTS, suggesting that the imposed tax bill is groundless given that cryptocurrency…
US House of Reps to deliver verdict on infrastructure bill this week
While Speaker Nancy Pelosi expects the infrastructure bill to pass, the Democrats are divided on whether to pass the legislation before the terms of a follow-up $3.5 trillion package is finalized. 958 Total views 4 Total shares According to Reuters, Pelosi expressed confidence the legislation will pass upon announcing the date on Sunday, Sept. 26,…
Who did the most for real-world crypto and blockchain adoption in 2020?
In future years, it’s possible that 2020 will be seen as a watershed moment for cryptocurrencies. When Black Thursday hit in March, it wiped billions off the markets in a matter of hours. Anyone would have been forgiven for thinking recovery would take years. But by December, Bitcoin (BTC) has gone on to achieve a new…
Price analysis 11/4: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV
Today Bitcoin (BTC) price briefly pushed through the $14,100 resistance to achieve a new 2020 high at $14,259 before pulling back to retest $14,100 as support. Although this level represents a critical resistance, data suggests that Bitcoin whales are not closing their positions in a hurry as they expect the current rally to continue. This strong…
Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market
Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing signs of consolidation after prices bounced off their recent lows.Fear & Greed Index. Source: Alternative.meDuring high volatility and sell-offs, it's difficult to take a contrarian…
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
Both parachains on Polkadot and DeFi functions on Acala are still undergoing heavy development. 2384 Total views 26 Total shares Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on…
OmiseGO’s Parent Company SYNQA Raised $80 Million in Series C
According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia. 438 Total views 28 Total shares SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures.In a June 22 announcement, Thailand-based…
Ethereum-Based Card Game from Horizon Raises $5 Million
Companies designing digital trading cards and online games are continuing to show their ability to rake in the big bucks in the blockchain world.According to TechCrunch, Horizon Blockchain Games raised $5 million in capital for their game SkyWeaver. The principal investors included Initialized Capital, with additional funds from Regah Ventures, ConsenSys, Digital Currency Group, Polychain…