Day: January 7, 2022

UK air traffic tech firm uses Hedera Hashgraph to track drones

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Hedera’s public ledger consensus service was recently used to “gather, store, and order” millions of data points in a drone data trial sponsored by the United Kingdom government. As per an announcement, Hedera worked with Neuron Innovations, a London-based aviation technology company, to trial safe sharing of long-distance airspace by commercial, military, and government drones. Neuron has implemented an “aviation surveillance as a service” system to allow drones to seamlessly join existing air traffic. The aviation tech firm then utilized Hedera Network’s Hedera Consensus Service to “gather, store, and order”…

Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report

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Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year, is still evaluating the impact of political unrest in Kazakhstan, Chinese industry news agency 8BTCnews reported Friday. “It is unlikely that our mining machines will be evacuated to North America,” a spokesperson for BIT Mining reportedly said, adding that the firm will be closely monitoring the situation. The…

Turkish Lira Is Now More Volatile Than Bitcoin

Rising historical volatility implies prices have been moving more than usual. Assets with high volatility readings are considered risky investments, which means the lira, a sovereign currency, is now riskier than bitcoin, a cryptocurrency created and distributed on a peer-to-peer basis and often criticized for being unreliable as a medium of exchange and store of value due to its high price turbulence. Source

Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils – Taxes Bitcoin News

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Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand Urges Crypto Traders to Report Profits on Tax Returns The Ministry of Finance in Thailand advises investors to indicate their income from crypto holdings when they file their tax declarations this year, the Bangkok Post reported on Thursday. Capital gains…

Samsung launches metaverse store in Decentraland

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Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project.  On Jan. 6, 2021, the consumer electronics giant announced the opening of a virtual replica of its iconic New York physical store in order to enhance customer interaction at a time when COVID-19 is keeping people away from physical shops. The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District in Manhattan. The Samsung 837X shop will now be accessible on…

Bitcoin (BTC) price slumps to 3-month low

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Chukrut Budrul/SOPA Images/LightRocket via Getty Images Bitcoin dropped to a three-month low late Thursday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world’s second-biggest bitcoin mining hub. The price of bitcoin fell to $41,222.41 just after 9 p.m. ET Thursday, reaching its lowest level since Sept. 29, according to data from Coin Metrics. It was last trading down 0.6% at a price of $42,391.20 Friday morning. The world’s largest cryptocurrency began falling earlier this week after the minutes from the Federal Reserve’s December meeting…

BIS Names CBDC Expert as Head of Euro-Region Innovation Center

The Bank for International Settlements, the umbrella group for central banks, named an expert in central bank digital currencies (CBDCs) as the head of its innovation center for the euro region. Raphael Auer is currently an economist in the Innovation and the Digital Economy unit of the BIS’ Monetary and Economic Department, the Basel-based organization said in a statement Friday. He will start his new role in February. The BIS Innovation Hub Eurosystem Centre is scheduled to open in the first half and will join existing hubs in locations such…

Katie Haun Seeks $900M for Crypto Funds After A16z Departure: Report

Katie Haun, soon to be former partner at Andreesen Horowtiz (a16z), is looking to raise $900 million for a pair of crypto investment funds following her departure from the venture capital firm, according to a report by the Financial Times. Haun is aiming for $300 million for an early investment fund targeting crypto startups and $600 million for a fund focused on larger companies and digital tokens, FT reported on Friday, citing people briefed on her plans. While much smaller than the $2.2 billion amount Haun helped a16z raise for…

‘Dip’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey

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Over the past seven days, the top trending words on cryptocurrency social media are “dip”, “buy” and “Fed”. Plus, the word “sell” fell out of the top 10 trending topics last night despite spiking sharply on Tuesday.  According to crypto market data aggregator Santiment, social media users from Meta to Telegram to Twitter have formed a choir and they’re all singing from the same hymn sheet. “Dip” and “buy” are the top one and three trending words, while “Fed”, or Federal Reserve, sits at number six. The behavior analysis and…

Nasdaq-Listed Company to Pay Dividends in Bitcoin at the Option of Shareholders – Finance Bitcoin News

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A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency. ‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’ Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers to the dividend as Bividend. Charles Allen, BTCS’ CEO, commented: We are the first Nasdaq-listed company to pay a Bividend, a dividend payable in bitcoin at the option of our shareholders. “BTCS intends to pay…