Day: 20 November 2024

Bitcoin mining company Canaan has entered into a joint mining agreement with Texas-based crypto miner Luna Squares as part of its strategy to achieve a mining capacity of 10 exahashes per second (EH/s) by mid-2025. According to a November 20 press release, the partnership will focus on revenue-sharing from Bitcoin ...

Blockchain technology has revolutionized industries, empowering decentralized solutions and fostering unprecedented innovation. Platforms such as Qubetics, Polygon, Toncoin, AAVE, Ripple, Ethereum, Cardano, Polkadot, Solana, and Avalanche lead this transformative wave. Each platform stands out with unique capabilities, tackling key challenges while unlocking new opportunities for developers, businesses, and users, shaping ...

A cryptocurrency investor has successfully recovered $129 million in USDT hours after mistakenly sending the funds to a phishing address on the TRON blockchain.   The incident, reported by blockchain security platform Scam Sniffer, began when the investor accidentally transferred the substantial sum to a fraudulent address that closely resembled the ...

Cyberport, an innovation hub backed by the Hong Kong government, now hosts more than 270 blockchain-related companies, reflecting the rapid growth in the region's Web3 and crypto sectors. In just 16 months, the hub added over 120 new firms, according to a discussion paper published by the Legislative Council (LegCo) ...

Japan's Prime Minister Shigeru Ishiba has pledged to incorporate tax cut proposals from the opposition Democratic Party for the People (DPP) into the government's upcoming economic stimulus package. This initiative includes measures targeting gasoline and cryptocurrency taxes, as reported by Bloomberg on November 20. Ishiba secured approval for the stimulus ...

The Bitcoin price continues to rise, solidifying its dominance in the crypto market. Meanwhile, the ETF investment trend is gaining momentum at an unprecedented pace, with billionaire investors, including legendary investor Paul Tudor Jones, confidently betting on Bitcoin's future.   These significant investments, reaching up to $150 million in Bitcoin Price ...

South Korea's ruling Democratic Party of Korea (DPK) is planning to implement the long-delayed cryptocurrency tax regulations in early 2025, following a decision not to approve further delays, according to a local news outlet, the Seoul Shinmun.  The regulation,  which would introduce a 20% tax (22% including local tax) on ...

Switzerland's Financial Market Supervisory Authority (FINMA) has raised concerns about the growing risks of money laundering linked to cryptocurrencies.  In its 2024 Risk Monitor report, the regulator highlighted how cryptocurrencies are being used for cyberattacks, illegal transactions on the dark web, and to circumvent sanctions amid ongoing geopolitical tensions. Stablecoins ...

The world of digital assets is evolving at a breakneck pace, with new opportunities cropping up every day for investors looking to diversify their portfolios. From the rapid adoption of cutting-edge tech to groundbreaking innovations, there’s never been a better time to explore the potential of blockchain-based investments. NEAR Protocol ...

DeFi protocol Sky, formerly Maker, has launched its stablecoin, USDS, on the Solana blockchain. Announced on November 19, the rollout establishes USDS as Solana's first major DeFi-native stablecoin, broadening opportunities for lending, borrowing, and trading within the ecosystem. Sky described the launch as a pivotal step in its mission to ...