NFT-Related Token Prices Soar Amid Digital Art Mania

NFT-Related Token Prices Soar Amid Digital Art ManiaCrypto assets that are linked with non-fungible tokens (NFTs) marketplaces have risen sharply since the mania took off a few months ago. NFTs are selling at prices that many consider ridiculous for intangible artwork. Third-Largest Art Sale by a Living Artist Was Tokenized One piece of art created by the digital artist called Beeple – […]

ETC Group Lists Ether ETP on Deutsche Borse’s Xetra, Company’s Bitcoin ETP Now Has $1 Billion AUM

ETC Group Lists Ether ETP on Deutsche Borse's Xetra, Company's Bitcoin ETP Now Has $1 Billion AUMFinancial services company Etc Group on Tuesday launched its centrally-cleared ethereum exchange-traded product (ETP) on the Deutsche Borse’s Xetra marketplace. Etc Group Launches Ethereum Exchange-Traded Product The listing follows the success of the firm’s bitcoin ETP, which was launched on the same exchange in June 2020. That bitcoin exchange-traded product now has $1 billion assets […]

Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO

Ripple's Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEORipple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged […]

Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion

Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International ExpansionU.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive officer Austin Woodward said the funds will be invested in […]

China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year

China's Inner Mongolia Plans to Shut Down All Bitcoin Mining Operations by April This YearInner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency. Regulating the Electrical Consumption in Inner Mongolia The government of Inner Mongolia will also stop approving new projects in energy-intensive industries such as steel […]

Philippine Crypto Exchange Demands Users Return Bitcoin Bought at $6,000 Following System Error

Philippine Crypto Exchange Demands Users Return Bitcoin Bought at $6,000 Following System ErrorPhilippine crypto exchange Pdax recently suffered a costly technical failure – one that led to bitcoin trading at 300,000 Philippine pesos (around $6,000) – a discount of 88% to its current price. In the melee, some users managed to buy at these ridiculously low prices and quickly moved the bitcoin (BTC) away from their exchange […]

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bitcoin Has No Intrinsic Value, Asset is Too Volatile, Says Bank of Korea GovernorBank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb. 23, Lee forecast that bitcoin (BTC) will see increased price swings going forward, the local news agency Yonhap […]

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bitcoin Has No Intrinsic Value, Asset is Too Volatile, Says Bank of Korea GovernorBank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb. 23, Lee forecast that bitcoin (BTC) will see increased price swings going forward, the local news agency Yonhap […]

Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the City

Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the CityBitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019. In a statement on Tuesday, NY Attorney General Letitia James accused the two entities of hiding […]

Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%

Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%Nvidia announced that it will start limiting the efficiency of mining ethereum or any other crypto using its new range of upcoming graphics processing units (GPUs). In a blog post published Feb. 19, the U.S. hardware maker said this limitation will feature first on its new Geforce RTX 3060 card, which is scheduled for release […]