Month: September 2021

Despite the recent Bitcoin ban in China, the country still has at least 145 Bitcoin nodes online, according to data from Bitrawr.com. While centralized firms such as the BTC exchange Huobi and the ecommerce shop Alibaba are withdrawing bitcoin-related services from the Asian country, distributed systems like the Bitcoin network itself can stay put. On September 24, the People’s Bank of China (PBoC) called for a nationwide ban of Bitcoin and cryptocurrencies by reposting a memo from September 15. The Read more …

Starting Today, Wednesday September 29, transfer AVAX into your Coinbase Pro account ahead of trading. Support for AVAX will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Thursday September 30, if liquidity conditions are met. Please note: Coinbase Pro only supports C-Chain Avalanche (AVAX) tokens. C-chain Avalanche addresses start with ‘0x’. Sending Avalanche on P-chain or X-chain or any other assets to Read more …

On Tuesday Nayib Bukele, President of El Salvador, released a new video showing a geothermal facility with Bitcoin mining machines operating on the side of a volcano. The original video, which Bukele shared Tuesday afternoon on Twitter, has already received nearly 2 million views. It shows a government-branded shipping container arriving at the geothermal plant. The container is full of Bitcoin mining rigs, with technicians installing them. Bukele’s caption for the video was just, “First steps…” The video appears to Read more …

Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund. It is managed by asset manager Crypto Finance and custodied by Seba Bank. “For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets,” said the regulator. First Crypto Fund Approved Under Swiss Laws The Swiss Financial Market Supervisory Authority (FINMA) announced Wednesday that it “has approved the first crypto fund according to Swiss law.” The regulator elaborated: For the first time, FINMA Read more …

Amber, the Australian-based Bitcoin accumulation app that has spawned an entire generation of Dollar Cost Average (DCA) products around the world, has announced its launch in the United States, per a press release sent to Bitcoin Magazine. “We decided to get the app rolled out in stages, so the first few releases in the US won’t have all the functionality we have back home in Australia, but it’s a start,” said Amber CEO and Founder Aleks Svetski. “We want to Read more …

The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to register.” CFTC Charges Kraken, Imposes $1.25 Million Penalty The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has imposed a $1.25 million penalty on cryptocurrency exchange Kraken. The derivatives regulator issued an order filing and settling charges against Payward Ventures Inc., dba Kraken, “for illegally offering margined retail Read more …

sponsored Who controls your data is a vital and growing concern these days. People are now fully aware of how the giant tech monopolies are extracting value out of users’ private information while they get nothing in return. Regulators, companies and users have all began to challenge the way this happens by limiting the invasion of privacy wherever possible. However, the potential of transferring value to users still remains allusive. Swash changes the paradigm by putting data monetization in the Read more …

Umbrel, an operating system (OS) purposefully built for running a Bitcoin node, Lightning Network node, and other self-hosted applications on a Raspberry Pi, announced today a partnership with Bitcoin node hardware maker The Bitcoin Machines to offer a plug-and-play Umbrel server solution. “The server features a beautiful all-aluminum design with a 1.8″ display, and is powered by a Raspberry Pi 4 with 1.6Ghz quad-core CPU and 8GB RAM, with the option to choose between 1TB and 2TB SSD for storage,” the company Read more …

In an interview with Kara Swisher Tuesday at the annual invite-only Code Conference in Beverly Hills, California, Elon Musk argued global governments should steer clear of trying to regulate Bitcoin and cryptocurrency. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said during his red-chair interview. When asked whether the U.S. government should be involved in Bitcoin and crypto regulation, Musk responded, “I would say, Do nothing.” The Read more …

National Bank of Ukraine is hiring a blockchain expert who will likely support its digital currency project. The vacancy has been announced as the financial institution prepares to pilot e-hryvnia salary payments for government workers as early as this year. NBU Posts Blockchain Developer Ad on Linkedin The central bank of Ukraine is looking to employ a blockchain developer with promises of career growth opportunities and a private sector salary. A job posting describing the role’s responsibilities and the benefits Read more …

According to reports from Nigeria, the official website for the Central Bank of Nigeria (CBN)’s e-naira digital currency is now up and running. The reports come just a few days before the start of the central bank digital currency (CBDC) rollout. E-Naira Similar to Physical Currency An analysis by regional news outlet This Day suggests that the website had recorded more than a million hits barely 24 hours after it went live. Such a reaction, according to the publication, points Read more …

Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its official website. The move is a direct consequence of the latest ban the Chinese government has applied to cryptocurrency trading and mining. Other institutions and exchanges have also been affected. Alibaba Bans ASIC Miner Sales Alibaba, one of the biggest sales companies in China, has announced it intends Read more …