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Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021
4.6.2021
Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much...
Filipinos Can Now Cash in Crypto Without Fees Through Moneybees OTC Outlets
4.6.2021
PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual...
Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions
2.6.2021
The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said...
Kirobo Makes ‘Undo Button’ Available for USDT, BNB, UNI, Sushi, Chainlink, & KIRO Transactions
2.6.2021
PRESS RELEASE. Tel Aviv – June 2, 2021 – Kirobo, a leading cryptocurrency solutions developer, has announced that its crypto transfer ‘undo button’ is now available for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO....
Trace your CryptoPunk's history with Etherscan’s new NFT toolkit
2.6.2021
Etherscan has enabled users to “track most NFT activity on Ethereum” after it revealed its new non-fungible token transfer tool on June 1
Save on Crypto Transactions With CryptX Wallet
1.6.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Do you operate crypto ATMs, or run a business that accepts cryptos for payment? If so, you have surely seen how rising transaction fees are eating away at your profits.
CryptX Wallet has several features...
Major Indian Bank HDFC Says ‘It’s a Matter of Time Before Indian Investors Have Legal Access to Crypto Plays’
1.6.2021
One of India’s leading private banks with 5,608 branches and 16,087 ATMs, HDFC Bank, has published a report stating that “it is just a matter of time before Indian investors have legal access to crypto plays.” This statement came as the bank scrutinizes crypto transactions...
UK Starling bank to resume crypto exchange deposits in late June
1.6.2021
Starling blocked crypto exchange deposits last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.”
Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapool Begins Signaling for Taproot
1.6.2021
On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling for Taproot according to the announcement. The North American bitcoin miner...
Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million
31.5.2021
Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This...
Are VPNs for Crypto Transactions Worth It?
29.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Cryptocurrencies and privacy often go hand in hand, as the former was created in an effort to resist censorship. However, many cryptocurrencies don’t actually help you maintain your privacy beyond...
Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains
29.5.2021
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers...
South Africa Reserve Bank Commences Retail CBDC Feasibility Study
27.5.2021
The South African Reserve Bank (SARB) says it has commenced a feasibility study for a general-purpose retail central bank digital currency (CBDC). The study, which the SARB expects to conclude in 2022, will focus on the issuance of a domestic CBDC that can be used by consumers in South Africa...
Federal Reserve Bank President Says Most Cryptocurrencies Are Worthless
27.5.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, says that most cryptocurrencies are “worthless.” He noted that if “cryptocurrency can facilitate transactions that are difficult to make in conventional currencies, then they will have a purpose and might...
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
26.5.2021
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings...
RemiBit: The One-Stop Crypto Solution for Merchants Is Available Now
25.5.2021
The payment industry has gone through a revolution in the last few years. Among its most evident examples are international commerce and remote work. Blockchain and cryptocurrency have transformed online transactions by ensuring true ownership, security, speed, accessibility, and inclusivity....
Sekuritance Is Here to Boost Public Confidence in Blockchain Transactions
23.5.2021
Crypto’s anarchic nature, with the emphasis on decentralization, lacks any regulatory bodies so far. But sooner or later it will have to adopt standards of some kind because when money moves in and out from the blockchains to and from the traditional financial system, some kind of compliance...
Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
21.5.2021
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court....
US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS
20.5.2021
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more...
DeFi Transactions Cost An Arm and a Leg — But Not For Long
19.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Transaction fees can cripple any cryptocurrency or blockchain network with ease. No one likes spending double-digit fees to move funds around or access...