‘Mecca of mining’: Brazil considers zero tax on green bitcoin mining
Brazil’s congress heard several proposals endorsing a tax exemption on miners and promoting cryptocurrency to the status of a national currency. A new proposal in the Brazilian Congress calls for a tax exemption on both the importation of crypto mining …
Gamer-hate: Ubisoft’s new NFT project vid gets 96% dislike ratio
The top comment on Ubisoft’s YouTube video introducing its NFTs has more likes than the actual video, and slams the firm for “milking” money from its customers. French gaming giant Ubisoft Entertainment SA’s new nonfungbile token (NFT) project Quartz is …
SPLC report examines use of Bitcoin and Monero by right wing extremists
Several political extremists have derived a great deal of wealth from cryptocurrency donations since their supporters can remain anonymous and transactions can’t be censored. The Southern Poverty Law Center (SPLC) has released a report examining the extensive ties between the …
WisdomTree amends Bitcoin ETF application, naming US Bank as custodian
U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group. New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and …
Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and …
Congressman jokes about a Mongoose Coin: Now it exists
His speech inspired a bunch of mongoose-related tokens including Mongoose Coin, Son of Mongoose and Baby Mongoose. Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had …
Solana reportedly hit by DDoS attack but network remains online
The Solana blockchain has reportedly suffered another DDoS attack that temporarily clogged the network, however the network appeared to remain online. Solana’s blockchain performance was reportedly hit by a distributed denial of service (DDoS) attack over the past 24 hours, …
AWS outage hits dYdX raising concerns over decentralization
Traders could do nothing but wait on Dec. 7 when dYdX went down along with Binance.US and Coinbase due to an AWS problem. An Amazon Web Service (AWS) outage on Dec. 7 forced the decentralized exchange dYdX to halt operations, …
Shanghai Man: Bitmart’s $150M theft, ‘Metaverse’ trending, Hong Kong mogul builds in The Sandbox
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Bad news for Evergrande Even after all …
Ripple chair’s pay-off plan to convince BTC miners to adopt Proof of Stake
Billionaire Chris Larsen said that miners should view the move away from PoW as “a net positive for their longevity.” Executive Chairman and Co-founder of Ripple Chris Larsen has unveiled his plan for Bitcoin miners to move away from Proof …