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Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders
8.5.2021
The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned...
Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending Problems
16.4.2021
Bitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’...
Bitcoin Miners Might Solve Ukraine’s Energy Spending Woes
14.4.2021
Cooling towers at Zaporizhzhia Nuclear Power Station. A financial expert has explained the logic behind the Ukrainian state’s recent nuclear-powered crypto mining push – claiming that the nature of the mining industry makes it an ideal partner to use up surplus power from the country’s nuclear...
Wait For IRS Before Spending Bitcoin, NFT Exhibition, Crypto.org Chain + More News
26.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Taxes news
The active management firm Ark Invest founder Cathie Wood said that bitcoin (BTC) investors in the US shouldn't transact with the coin...
Potential Buyers Divided on the Wisdom of Spending Bitcoin on a Tesla
25.3.2021
The taxman “will be hovering with palms out” should American customers decide to take up Elon Musk’s offer of buying one of Tesla’s cars using bitcoin (BTC), observers have pointed out – with capital gains and income tax levies a possible deterrent for would-be crypto-paying customers.
CNBC...
Mystery Whale Moves 20 Bitcoin Block Rewards from 2010, Entity Moved 10,000 BTC Since Last Year
23.3.2021
On Tuesday, March 23, the infamous whale that’s been spending numerous strings of 2010 block rewards since last year, has spent another 1,000 bitcoin that sat idle for over a decade. The string of 20 block rewards transferred on Tuesday, follows the exact same patterns our newsdesk...
Consider These Legal Questions Before Spending Millions on NFTs
5.3.2021
Nelson M. Rosario is an attorney at Smolinski Rosario Law, a US-based law firm, specializing in contract and intellectual property law.
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There are lots of intellectual property (IP) issues that are raised by non-fungible tokens (NFTs). Let's dive in to cover a few.
The main IP issues raised...
Blockchain Losers Are Spending Millions On What Are Basically Useless Loot Boxes
4.3.2021
While gamers rail against loot boxes and governments around the world edge ever closer to regulating them, connoisseurs of blockchain bullshit are falling over themselves trying to buy digital highlights of basketball players from a platform called “NBA Top Shot”, in effect spending their money...
Thailand Authorities Are Targeting Japanese Crypto Holders to Boost Tourism
23.2.2021
Thailand seems to be interested in catching Japanese crypto holders’ attention via tourism. The country wants to establish a crypto-friendly touristic hotspot and the first targeted country is the nation of the rising sun. Program Aims to Add New Segments With ‘High Spending’...
YouTuber regrets spending 37 BTC — now worth $1.8M — on used Hondas
17.2.2021
One enthusiast paid $1.8 million in BTC at today's prices for a couple of secondhand Honda sports cars
Tackling Crypto Mass Adoption: Jax.Network’s Mission
15.2.2021
PRESS RELEASE. Even though Bitcoin and Ethereum are called ‘cryptocurrencies’ people still treat them like assets instead of currencies. People are not spending cryptocurrencies on a large scale, nor are merchants accepting them on a similar scale. Generally speaking, you still cannot...
Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit
4.2.2021
While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.58, while the median fee is $9.35 when spending ether. Meanwhile,...
UBS: Crypto Has Fundamental Flaw, Bitcoin’s Fixed Supply Could Cause Its Value to Collapse
1.2.2021
A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw. Bitcoin’s fixed supply could cause the collapse of its value and spending power, making it unattractive to use as a currency, he claims. A UBS Chief Economist Says Bitcoin’s Fixed...
IMF Tells Governments: Spend as Much as You Can and Then Spend More
17.1.2021
The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very...
Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards
10.1.2021
On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s...
Blockchain Projects Gain Boost in Seoul’s USD 7Bn 2021 Spending Plan
8.1.2021
The South Korean government has pledged to spend USD 7bn on public projects this year, a figure that will include blockchain spending.
The money will back what ministers have labeled the “Korean New Deal,” and particularly what they have called the “core” of the measures, the “Digital New Deal,”...
Russian CBDC To Create 'Centralized Database' of Spending, Expert Warns
4.1.2021
Another Russian crypto expert has warned of the dangers of the nation’s Central Bank issuing a so-called digital ruble, claiming that neither consumers nor banks are yet sold on the idea of using a digital fiat.
In an interview with AB News, Viktor Dostov, the Chairman of the Russian Electronic...
Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual
25.12.2020
The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner...
Trump Pardons War Crimes, Illegal Steam Spending
23.12.2020
The White House announced a new round of presidential pardons yesterday, granting clemency to several controversial figures. Among them were the perpetrators of the Nisour Square massacre and Duncan Hunter, a former California congressman who was indicted for illegally using campaign funds...
Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise
23.12.2020
The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan. Of course, talks of Americans getting $600 checks have started to circulate online, but reports also include the discussions...