Arcane Research recently published a crypto market update and explored the rise of layer 1 tokens over the past 30 days. The season of “ETH Killers” as the research firm and many others have called them. Although the second cryptocurrency by market cap was leading the crypto market up until a few weeks ago, its competitors have been gaining traction, smashing all resistance towards new all-time highs. As seen in the chart below, some layer 1 tokens in the crypto Read more …
Cardano is getting ready for the release of smart contracts capability on September 12th. To this end, the Cardano Foundation is taking steps to make sure that there are no vulnerabilities in the network ahead of launch. A new partnership will help to facilitate this, while also engaging the broader community to take part in making sure that the beloved ecosystem is as safe as possible. Cardano Foundation, in conjunction with HackerOne, recently released a bug bounty program. This program Read more …
Fourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, have spent the past few months setting up a lucrative mining operation. What started with a single computer in a room desk is now an entire business that has found a home in a rented, air-conditioned data center in downtown Dallas, Texas. Each month, the two siblings earn over $30,000 mining bitcoin and two other cryptocurrencies. Aanya, nine years old, and Ishaan, 14 years old. Source “We started because we wanted to Read more …
The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also has the option to purchase an additional 180,000 mining rigs from the Chinese ASIC manufacturer. Canaan Sells Genesis 20K Miners, Genesis Can Buy 180K More Bitcoin mining rig manufacturers have made very large Read more …
Canaan, a lead supercomputing service provider and inventor of the first ASIC Bitcoin miner, announced that they have secured an option to sell 200,000 Bitcoin miners to Genesis Digital Assets. If executed this would be the largest Bitcoin mining machine sale ever made. Genesis Digital has previously purchased over $93 million of Canaan’s mining machines. Included in the renewed partnership deal was the sale of an initial 20,000 mining machines, which included the purchase option of up to an additional Read more …
Perfect timing and place for a Lightning Network Conference. In less than a week, Bitcoin will be legal tender in El Salvador. The Lightning Network was instrumental for this to happen. The real-life case study for the Lightning Network is El Zonte AKA Bitcoin Beach. And in Mid-November, all of those factors will collide in an event aptly titled “Adopting Bitcoin.” Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You This Lightning Network conference comes Read more …
The American firm that manufactures chewing gum, candy, and collectibles, The Topps Company Inc., has announced the launch of the 2021 Topps MLB Inception NFT collection. Furthermore, Topps is now leveraging the Avalanche blockchain for NFTs after the company was using the Wax blockchain for projects like the Garbage Pail Kids and Godzilla series. Topps Launches MLB Inception NFT Series via the Avalanche Network On Tuesday, Topps revealed the firm’s 2021 Topps MLB Inception NFT Collection, a non-fungible token collection Read more …
Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s Video Explaining What to Expect When Bitcoin Becomes Legal Tender The Bitcoin Law in El Salvador will come into effect on Sept. 7 when BTC will become legal tender alongside the U.S. dollar. Salvadoran President Nayib Bukele Read more …
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration of the Republic of Slovenia (FURS) has proposed changes to the taxation regime applicable to cryptocurrencies. The authority wants to impose a 10% tax for Read more …
If you are a person who is used to storing huge amounts of bitcoins on exchanges, here are six reasons why you’d better not do that. 1. If keeping your coins on an exchange, you are not allowed to spend them freely. You have to ask the exchange for permission to use them. Upon withdrawing the funds, you can pay for whatever you want, whenever you want, and at a suitable fee. Depending on the exchange terms, they may ask Read more …
The deputies of the Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between Bitcoin and U.S. dollars in El Salvador, according to the national newspaper El Diario de Hoy. The El Salvadoran Minister of Economy, María Luisa Hayém Brevé, reportedly said that there is a possibility of increasing the initial $150 million allocation. “We have several teams in the territory to show the population how to use Read more …
The Covid-19 pandemic has changed a lot about existing industries, with some notable sectors like lottery growing bigger as a result. Before the pandemic, the traditional lottery industry operated based on physical sales points, but this is now changing as stakeholders move to adopt digital ecosystems. Even better, the advent of crypto assets is revolutionizing the industry, making it globally accessible. This article will review Crypto Millions Lotto, owned by the U.K. registered Wilmington Holdings PLC, one of the players Read more …