Beepool, the fourth largest Ethereum mining pool will shut down operations following Beijing’s anti crypto posture.
IMF, World Bank and BIS champion central bank digital currencies at G20
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.
<h1>Crypto Mining Equipment Found At Ukraine Nuclear Power Plant</h1>
The Security Service of Ukraine confiscated crypto mining equipment from a single office in the administrative wing of the South Ukrainian Nuclear Power Plant. The seized equipment included 16 GPU video cards, 7 hard drives, 2 solid-state drives, a motherboard, extension cords, and a router.
<h1>Young Crypto Hacker Sentenced To 20 Months In Prison</h1>
19-year-old Elliot Gunton of Mounteney Close, UK, has pleaded guilty to supplying crypto hacking services and online personal data in exchange for cryptocurrency.
<h1>Lendingblock Receives Gibraltar DLT Provider License</h1>
The crypto-to-crypto lending platform got a license from the Gibraltar Financial Services Commission.
<h1>Apparently, There Is A Huge Chinese BTC Ponzi Scheme</h1>
Dovey Wan of Primitive Ventures has recently drawn attention to a $3 billion Ponzi scheme perpetrated by fraudulent crypto investment outfit PlusToken.
<h1>New Zealand Tax Authority Gives OK To Salaries Paid In Crypto</h1>
New Zealand’s Inland Revenue Department has deemed it legal for companies to pay employee salaries in crypto so long as the employee is under an official employment agreement and the chosen crypto can be easily converted to fiat via an exchange.
<h1>FATF To Lead 15-Nation Crypto Monitoring System</h1>
The Financial Action Task Force, an international money laundering watchdog, will lead a project with 15 other nations that will work to catch the movement of crypto funds used for illicit purposes. The project will be made up of many of the members of G7, including Australia and Singapore.
<h1>More Details Emerge Regarding Iran’s Legalization Of Crypto Mining</h1>
The Iranian government enacted legislation this weekend that officially recognized the crypto mining industry in the country. The new legal certainty comes with a few drawbacks, including the prohibition of mining during peak electricity-usage hours and harsh restrictions on the trading of cryptocurrency within Iran.
<h1>Now That The Mafia Functions Like A Blockchain, Can Anyone Really ‘Forget About It’?</h1>
For years, the Ndrangheta mafia family in Canada was governed by what essentially was a board of directors. But after the murder of mafia boss Carmelo Muià in southern Italy upended the power structure, the Ndrangheta family adapted to what international investigators are calling a “criminal blockchain,” where a parallel structure across international families helps to negate loss of leadership due to death or police arrest.
<h1>Facebook’s Communication Breakdown With Swiss Data Privacy Regulator</h1>
After announcing that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would assist in overseeing the Libra Association, the FDPIC stated Facebook hadn’t contacted the agency regarding any details related to the association or the Libra project. Now, after reaching out itself, the regulator still hasn’t been able to make contact with the social media giant.
<h1>Where In The World Is Justin Sun?</h1>
Tron founder Justin Sun canceled his planned charity lunch with Warren Buffett, citing kidney stones. Later, Chinese authorities announced Sun would not be able to leave China after being accused of participating in an illegal fundraiser for the Tron cryptocurrency project. Now, a live broadcast on Periscope has some believing Sun is already in San Francisco, where the charity lunch was supposed to take place.
<h1>Iran Officially Recognizes Crypto Mining Industry</h1>
Iran’s Chamber of Commerce, Industries, Mines and Agriculture has officially recognized the cryptocurrency mining industry, meaning the country will now have to work to regulate the activity within its existing legal structure.
<h1>Libra Search Data Skyrockets In China</h1>
Following Facebook’s back-to-back congressional hearings regarding the state of its Libra cryptocurrency project, “Libra” moved up to the third most searched topic on China’s web search giant Weibo.
<h1>Bitcoin Suisse Preemptively Applies For Licenses With Swiss Regulator</h1>
Despite not needing to, crypto broker Bitcoin Suisse has applied for a banking license and security dealer’s license with the Swiss Financial Markets Supervision Authority, anticipating that the “maturing” regulatory environment will soon require the firm to hold both licenses.
<h1>Facebook Yet To Contact Swiss Data Protection Group</h1>
During the Libra Senate hearing on Tuesday, Libra project lead David Marcus explained that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would oversee data and privacy protections for the Libra Association. Now, the group’s head of communication has stated that Facebook has yet to contact the FDPIC regarding any Libra business.
<h1>Bitcoin Demand In Zimbabwe Grows Following Foreign Currency Ban</h1>
After the country banned the settlement of transactions using foreign currency including the US dollar and the British pound, demand for bitcoin has soared as individuals look to fill the financial gaps left behind by the ban.
<h1>Bitcoin Demand In Zimbabwe Grows Following Foreign Currency Ban</h1>
After the country banned the settlement of transactions using foreign currency including the US dollar and the British pound, demand for bitcoin has soared as individuals look to fill the financial gaps left behind by the ban.
<h1>Swiss Gold Mines Refitted For Crypto Miners</h1>
The surge of cryptocurrency mining operations moving to old mining towns in Switzerland with cool temperatures and cheap hydroelectric power has changed the landscape of many former gold rush villages.
<h1>John McAfee Wants To Help Cuba Create National Cryptocurrency</h1>
US fugitive and antivirus tech sage John McAfee has expressed interest in helping Cuba develop its own national cryptocurrency to bypass US trade embargoes.
