Day: November 22, 2021

Invesco exec reveals reasons for dropping Bitcoin futures ETF

After dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in October, United States $1.6-trillion asset manager Invesco has disclosed the reasons behind its decision. Anna Paglia, global head of ETFs and indexed strategies at Invesco, said that the biggest reason for dropping the filing was that the U.S. Securities and Exchange Commission only approved Bitcoin ETFs with 100% exposure to Bitcoin futures. The Invesco Bitcoin Strategy ETF was designed to ideally be a mix of futures swaps, physical Bitcoin and private funds in the Bitcoin industry, Paglia…

Third-Generation Blockchains Will Pick Up the Defi Slack Left by Ethereum – Op-Ed Bitcoin News

With the ETH 2.0 upgrade still months, if not years, from a full launch, third-generation blockchain protocols are quickly racing up to dethrone Ethereum as the “go-to” hub for dapps and defi. Blockchain Metamorphosis to Catalyze Future Defi Growth Although many people may only be discovering it recently, blockchain technology has been around long enough to have moved on from first to second, and now third-generation protocols. The first-gen blockchain started with Bitcoin, a proposed alternative to the hegemony of centralized financial services. It laid the foundation for a decentralized…

CRYPTO FALLING!! 3 Altcoins that could EXPLODE after this dip…🔥🚀

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Russia’s Chief Taxman Says Crypto Could Erode State Taxation Profits

Daniil Egorov, head of Russia’s Federal Tax Service, mentioned cryptocurrencies as a potential means for tax evasion, in an interview with the Russian news agency RBC. Asked if he noticed any “innovative” tax evasion schemes recently, Egorov mentioned crypto. ”We are watching this market closely and understand that this payment system can significantly erode the taxation base,” he said. Egorov said the problem should be approached in a “systemic” way, however, he did not specify any details. He also mentioned that the Federal Tax Service has been using blockchain technology…

How to Make Bitcoin Mining Machine at Home | Total Making Cost | Complete Guide Step by Step

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoinmining #MiningMachineMakingCost #gnflearning Channel Name : Life with Ali Bhai My Second Channel Link : @GNF Learning In this video I will tell you complete detail how to make mining machine at home. And every single part detail and price in Pakistan. Bitcoin mining in Pakistan Complete Setup Detail $30 per day. Total making cost in Pakistan. Must watch and share with your friends. Thanks Crypto Mining Part 1 : 00:00 Intro Video 00:35 Center Video 04:10 End Video #cryptomining #bitcoinmining #miningmachine…

US Navy to pilot blockchain-based project to improve medical supply lines

The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5 million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on IoT-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022. According to the information shared with Cointelegraph, Consensus Networks aims to provide real-time monitoring and logistics for nearly 700,000 sailors and marines via the HealthNet platform. The developer picked the IoTex blockchain to meet…

Are Surveillance & Taxation Coming To Blockchain And Crypto?

As a year of massive blockchain industry growth and cryptocurrency adoption breakthroughs approaches its final month, many in this space remain reluctant to join in on the celebration — and for good reason. Many of cryptocurrency’s leading developers, investors, and pundits have spent the past three years lamenting that the plight of decentralized systems have been hampered by a lack of regulatory clarity. In 2021, their complaints and wishes alike have been granted with interest. Monetary authorities from the Federal Reserve to the International Monetary Fund (IMF) have outlined their…

Central Bank of Peru Will Develop a Digital Currency – Bitcoin News

The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not the best time to present the currency due to the current uncertainty in markets. Peru to Hop on CBDC Bandwagon Julio Velarde, president of the Reserve Bank of Peru, announced the institution was…

Crypto Lender Celsius Network Invests $300M in North American Bitcoin Mining Operations : Report

Cryptocurrency lender Celsius Network has further invested $300 million for its bitcoin mining operations in North America, taking the total investment this year to $500 million, according to a report from The Block. The $300 million comes after Celsius invested $200 million earlier this year in bitcoin mining equipment and equity of bitcoin mining firms Core Scientific, Rhodium Enterprises and mining pool Luxor Technologies, according to the report. “These are commitments for this year and next year — so we will be adding [mining] capacity all the time until the…