Month: August 2022

Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms. On Thursday, New York-based legal firm Bragar Eagel
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Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become “a significant decider in future contentious hard forks.” Buterin was speaking at the BUIDL Asia conference in Seoul on Aug. 3, along with Illia Polosukhin, the co-founder of Near Protocol (NEAR) to discuss Ethereum’s upcoming Merge. The
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White Rock Management CEO Andy Long believes bear markets “present excellent opportunities” for expansion via mergers and acquisitions in the crypto mining sector. Speaking with Cointelegraph, the crypto mining company CEO noted that companies who have managed their balance sheets effectively are in “great shape” during this bear market, and will continue to do well
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Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom. On Aug. 4, it was reported in local media that the SEC had granted operating licenses to four more digital asset operators. These include Krungthai XSpring, a crypto broker affiliated with one of the country’s leading banks,
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Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts. Portuguese Crypto Firms Hit by Bank Account Closures Portugal, a leading European crypto hub,
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The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives.  In a report released Thursday, the TTP said that many crypto firms based in certain U.S. states have “reaped
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Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period. BNB (blue) vs. Ether (orange), AVAX (cyan), SOL (yellow). Source: TradingView
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Summary: Revenue from Ethereum mining has surpassed proceeds boasted by Bitcoin miners. Arcane research shows that ETH miners have generated around $11 billion in 2022 so far. Bitcoin miners have managed $10 billion as of press time. Ethereum’s switch to Proof-of-work could ultimately eliminate the role of miners on the network. The transition dubbed “The
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Developing a cryptocurrency token has been a complex task, as it requires advanced blockchain programming skills. Until recently, only blockchain developers with strong coding skills could create a mechanism to mint digital coins. This scenario, however, led to the development of platforms where anyone, not knowing even an iota of programming, could launch their cryptocurrencies.
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