Nigeria’s Tax Authority Proposes Comprehensive Legislation for Cryptocurrency Regulation
The Federal Inland Revenue Service (FIRS) in Nigeria is set to approach the National Assembly to support a new law aimed at regulating the cryptocurrency sector. This move, announced by…
VanEck Predicts $13.9 Billion Annual Boost for Bitcoin Miners from Shifting 20% Energy to AI and HPC
Investment firm VanEck has identified a lucrative opportunity for Bitcoin miners to enhance their revenue streams by tapping into the artificial intelligence (AI) and high-performance computing (HPC) sectors. In their…
Coinbase, KuCoin Among Companies Seeking Crypto Licenses in Turkey
The Turkish cryptocurrency landscape is witnessing a significant evolution as leading global companies like Coinbase and KuCoin vie for business licenses. This development follows recent regulatory updates by the Turkish…
IMF Executives Suggest an 85% Increase in Electricity Costs for Crypto Mining to Curb Emissions
In a move aimed at reducing global carbon emissions, two International Monetary Fund (IMF) executives have proposed significantly increasing the electricity costs for crypto mining. On August 15, Shafik Hebous,…
Chainalysis Reports Increase in Crypto Hacks and Ransomware in 2024
A recent report by Chainalysis highlights a mixed landscape for cryptocurrency markets in 2024. While overall illicit transactions have decreased, specific criminal activities, particularly hacking and ransomware, have seen a…
Binance Makes a Comeback in India as a Registered Crypto Exchange After Seven Months
After a seven-month hiatus, Binance has made a notable return to India’s digital landscape. The crypto exchange has been reinstated on India’s Google Play Store and Apple App Store as…
Iran Offers Rewards for Reporting Unauthorized Crypto Mining
In response to severe power shortages exacerbated by a brutal heatwave, Iran has implemented a unique strategy to curb unauthorized crypto mining. With temperatures reaching 113 degrees Fahrenheit (45 degrees…
Lagos State Unveils Plan to Tokenize Real Estate to Increase Revenue
The Lagos state government in Nigeria has embarked on an innovative journey to tokenize real estate using blockchain technology. This initiative aims to enhance transparency, streamline property transactions, and significantly…
Riot Platforms Amplifies Its Investment in Bitfarms with a $2.28 Million Share Purchase
Riot Platforms Inc., recognized as the third-largest Bitcoin miner on Wall Street, has escalated its engagement in the cryptocurrency mining sector by increasing its stake in the rival company, Bitfarms…
U.S. Government Transfers 10,000 Bitcoins
On August 14, 2024, at precisely 15:38:31 UTC, the United States government moved approximately 10,000 Bitcoin (BTC) to a wallet address that concludes with the letters “noe.” This information comes…
Revitalizing El Salvador’s Bitcoin City: $1.6 Billion Port Investment Marks a Historic Move
Yilport Holdings, a prominent Turkish port and terminal operator, has pledged an unprecedented $1.6 billion towards the development of two port projects in El Salvador, marking the largest private investment…
Coinbase Executive Calls for Comprehensive Overhaul of Canadian Crypto Regulations
At the Blockchain Futurist Conference held on August 13, Lucas Matheson, Coinbase’s Country Director for Canada, highlighted the current state of digital asset regulation in Canada and advocated for the…
Coinbase Launches Cryptocurrency Services in Hawaii
Coinbase, a leading cryptocurrency exchange, has officially expanded its operations to Hawaii. This strategic move allows Hawaiian residents to engage in buying, selling, and managing digital assets seamlessly. The expansion…
Crypto.com Secures Official Partnership with UEFA Champions League
Crypto.com has marked a significant milestone by becoming the first cryptocurrency platform to establish an exclusive partnership with the UEFA Champions League. This groundbreaking multiyear agreement positions the centralized crypto…
Hong Kong Court Mandates Financial Disclosures Amid Mantra Chain Controversy
In a significant legal development, the High Court of Hong Kong has ordered the disclosure of financial operations within Mantra Chain amidst an ongoing dispute involving Mantra DAO, Inc., its…
Grayscale Initiates Investment Fund for MakerDAO Governance Token
On August 13, Grayscale Investments, the world’s leading cryptocurrency asset manager, announced the launch of a new investment fund targeting MakerDAO’s governance token, MKR. This development underscores Grayscale’s ongoing efforts…
Activation of Mt. Gox’s Suspected $2.1 Billion BTC Wallet Managed by Bitgo
A significant movement has been detected in a Bitcoin wallet associated with the defunct cryptocurrency exchange, Mt. Gox. This wallet, suspected to be managed by Bitgo, initiated a test transaction…
CIRO Highlights Investor Protection in Canadian Stablecoin Regulations
At the Blockchain Futurist Conference in Toronto on August 13, Suzanne Lasrado, Vice President of Member Services and Innovation at the Canadian Investment Regulatory Organization (CIRO), discussed the stringent requirements…
ASIC Takes Legal Action Against ASX for Misleading Statements About Its Blockchain Project
The Australian Securities and Investments Commission (ASIC) has initiated a lawsuit against the Australian Securities Exchange (ASX), the nation’s primary stock exchange, in Federal Court. The legal action stems from…
New York Financial Authority Seeks Specialist for Crypto and AI Policy Development
The New York State Department of Financial Services (NYSDFS) is actively searching for a specialist to enhance its approach to the ever-evolving fields of cryptocurrencies, decentralized finance (DeFi), and artificial…