Court Rules Against Crypto Mining Company,Will Not Force BC Hydro to Provide PowerConifex Timber Inc.,a forestry firm with a crypto mining business,has lost a court battle in which it had aimed to force BC Hydro,a Canadian electric utility in the province of British Columbia,to provide the power needed for its operations,the National Post reported. In...
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service(IRS)rules mandate that cryptocurrency brokers report personal information on digital asset transactions over$10,000,including customers’names,addresses,and social security numbers,within 15 days. While the goal is increased transparency and reduced...
Gold prices took a technical support around$1,930 per ounce,driven by the cheer of softening US inflation,has been cut short but a mild rebound in the US Dollar overnight.Gold prices were confined to a restricted range nearing$1,960 per ounce after testing immediate resistance of$1,980 per ounce.As of 10:50 am Singapore Standard Time,Gold Comex December futures traded...
Inflation is a hidden tax on the common people and is something you need to understand and be positioned accordingly as both an investor/citizen moving into the near future.Imagine the value of your life’s work cutting in half every 15 hours,at no fault of your own,this is what happened during the worst case of hyperinflation...
The Bitcoin (BTC) price is enjoying an end-of-week relief rally in wake of economic data that showed inflationary pressures in the US continued to subside to more acceptable levels in December 2023.US Core PCE Price Index figures showed YoY inflation falling to 2.9%, below the expected rate of 3.0%.The Bitcoin price was last probing $42,000,...
In the realm of cryptocurrency, Bitcoin‘s trajectory has captured the market’s attention yet again. As whispers turn into conversations about Bitcoin price predictions, the digital currency has edged up by 0.41 percent, steadying at $42,403. This subtle yet optimistic rise coincides with murmurs that Google could begin displaying advertisements for Bitcoin ETFs as early as...
This June, Ethereum co-founder Vitalik Buterin emphasized in his blog that the long-term sustainability of the Ethereum ecosystem relies on the expansion of Layer 2 solutions. Following the Shanghai upgrade of Ethereum, multiple scalability solutions have been implemented, gaining widespread attention and recognition in the global market. Notably, the Shanghai upgrade and the Layer 2 city-state theory of Vitalik have fueled industry discussions. Amid these...
As the global cryptocurrency industry continued to consolidate in 2023, the demand for efficient, secure trading experiences and regulatory compliance increased in tandem with the accelerated pace of internationalization. In response to these trends, SILEGX Exchange actively expanded its global data center network, deepened partnerships with international auditing firms, extended its market licenses across multiple...
In 2023, the global economy slowly recovered under the combined pressures of rising inflation, fluctuating interest rates, and geopolitical tensions. The World Bank revised its global economic growth forecast down to 1.7%, primarily due to high interest rates in the United States and Europe, as well as the ongoing escalation of the Russia-Ukraine conflict, which...
The cryptocurrency industry in 2023 experienced significant fluctuations, with market sentiment influenced by monetary policies, geopolitical dynamics, and technological innovations. However, the overall trend indicated robust growth, and clearer regulatory frameworks heightened investor interest in the cryptocurrency sector. Leveraging keen insights and profound understanding of the industry, UVKXE made strategic operational adjustments and enhancements in...