A newly formed association of Paraguayan Bitcoin (BTC) and altcoin miners says new energy tariffs could kill off the industry. Per Criptonoticias, the body was speaking after the nation’s National Electricity Administration increased the cost of electricity for miners by between 13% and 16%. Paraguayan Bitcoin Miners Say Price Hikes Are Too High The Paraguayan...
Japanese tech conglomerate Sony Group has acquired crypto firm Amber Japan, officially debuting into the crypto exchange arena. Per journalist and blockchain blogger Colin Wu, Singapore-based Amber Group, in 2022, entered the Japanese crypto market with the acquisition of digital asset trading platform DeCurret. “Later, due to the collapse of FTX, Amber Group fell into...
Independent credit ratings provider S&P Global Ratings has joined the Monetary Authority of Singapore’s Project Guardian to explore asset tokenization. The company officially announced its participation on Thursday, confirming that it would contribute toward risk assessment in fixed income workstream. Specifically, S&P will develop analytic frameworks, assessments and benchmarks in digital assets and tokenized markets....
South Korean university students appear to be turning to cryptoassets such as Bitcoin (BTC), with 40% saying they invest in tokens as well as overseas stocks. Per Delighti, a survey was conducted by the investment banking and brokerage service provider Korea Investment and Securities. This survey saw researchers speak to over 400 South Korean university...
South Korean prosecutors have revealed that crypto-powered drug trafficking is on the rise nationwide. The Supreme Prosecutor’s Office’s Narcotics and Organized Crime Department released its latest Drug Crime White Paper on June 26, Seoul Kyungjae and Chungcheong Today reported. Crypto-powered Drug Trafficking Spiralling: South Korean Police Fight Back According to this document, police arrested 27,611...
South Korean venture capital firm Hashed Ventures is expanding its operations to Abu Dhabi in a new partnership with the region’s global tech ecosystem. Hashed Ventures has entered into a partnership with Hub71 in Abu Dhabi, Edward Hong, the chief platform officer at the VC firm told CryptoNews. The expansion shows Abu Dhabi’s growing status...
Failed crypto exchange FTX is seeking creditors vote on a liquidation plan, to wind-down payments in order to compensate customers. Delaware judge John Dorsey, on Thursday, authorized FTX bankruptcy advisors to begin soliciting creditor votes, aiming to obtain feedback from those who were uninvolved in the repayment plan. Per Bloomberg, FTX would likely offer customers...
The US state of North Carolina, on Wednesday, won majority of votes from the Senate on the bill that seeks to ban central bank digital currencies (CBDCs). The legislation has moved to the Governor’s desk for approval. If signed into law, the state can no longer involve in the Federal Reserve branch’s testing of any...
Congressman Matt Gaetz (R-FL) has proposed a legislation to allow Americans pay their federal income tax using Bitcoin. If passed, the US Secretary of the Treasury would implement a program to allow payment of taxes using Bitcoin. Per official statement, Rep. Gaetz was motivated to propose the bill after attending El Salvador president Nayib Bukele’s...
Bitcoin’s price has climbed back above $60,000 but remains close to a critical support level, causing anxiety among crypto traders. After several days of intense price movements, the market has entered a quieter phase, giving both bullish and bearish traders time to reassess their positions. Market Sentiment and Expert Analysis During this lull, new analyses...