Central African Republic Reportedly Launches Crypto Coin, Bitcoiners Slam Move – Bitcoin News

Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic president Faustin-Archange Touadera has said cryptocurrencies are an alternative to fiat cash. Touadera also claimed that “the formal economy is no longer an option” for the CAR. According to a Zawya report, Touadera’s latest pro-crypto remarks were made just as his country launched the Sango coin, a crypto asset that officials…

Crypto tax deters 83% Indian investors from crypto trading: WaxirX report

The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian crypto exchanges, a report from WazirX reveals a change in investor sentiment as the Indian government imposed its second crypto law — a 1% tax deduction at source (TDS) on every crypto transaction. Trading volumes on Indian crypto exchanges saw an eventual reduction of 90-95% ever since the country introduced a law that would tax investors 30% on unrealized gains. With…

Korea and US agree to share investigation data on Terra-Luna

South Korean justice minister Han Dong-hoon was in New York recently to discuss various ways in which the two nations can corporate on investigations associated with financial crimes, especially crypto-related crimes. Hoon met with Securities and Commodities Task Force co-chief Andrea M. Griswold, at the U.S. Attorney’s Office for the Southern District of New York along with Scott Hartman, chief of the Securities and Commodities Fraud Task Force of the same office on Tuesday, reported a local daily. The two sides discussed ways to exchange information and strengthen cooperation to…

Italian Government to Provide €45m in Grants for Blockchain Industry

Italy’s Ministry of Economic Development is planning to provide up to $46 million in subsidies for developing projects across artificial intelligence, blockchain and Internet of Things technologies, starting in mid-to-late September. The new policy is expected to strengthen research and innovation capabilities for industries. Minister of Economic Development Giancarlo Giorgetti said “the challenge of competitiveness requires constant innovation.” The current initial budget is 45 million euros ($46 million). Italian government said that both companies and public or private research centers can jointly apply for relevant subsidies as long as relevant conditions…

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’

CryptoX – Cryptocurrency Analysis and News Portal Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. “We are also no longer willing to take on the legal risk associated with bond offerings,” Meyer said, without saying what those risks might be. “For these reasons, we are pivoting away from the bond issuance platform and exploring better opportunities.” Original Source The post Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’ appeared first on CryptoX. CryptoX Portal

RX 5700 XT – Mining Ethereum | Hashrate | Overclock | Powerdraw

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Sharing results mining Ethereum on my RX 5700 XT Anniversary Edition. Going over Hashrates, Overclocks, and Power Draw + Bios Mod and More Power Tool. Overclock Settings & Stats Below: Miner: Phoenix Miner 5.1c Base Efficiency Overclock Settings: Core: 1300 mHz Voltage: 775 mV Memory: 1770 mHz Fine Tune GPU: – Decrease Voltage – Increase Memory GPU is Crashing: – Increase Voltage – Decrease Memory – Increase Core Best Efficiency Overclock Settings: Core: 1300 mHz Voltage: 750 mV Memory: 1810 mHz Best…

Blockchain Analytics to Help Curb Crypto Misuse, Says HashCash CEO

Since the crypto industry is growing at a frantic pace, blockchain analytics can help fill the void of curbing money laundering and cybercriminal activities, according to Raj Chowdhury, the CEO of HashCash Consultants. “There has been a conscious effort in implementing stricter crypto regulations worldwide. Blockchain analytics will play a crucial role in decision-making processes for organizations dealing with crypto and blockchain technology,”  said Chowdhury. Blockchain analytics is believed to be constructive in establishing order and propelling sustainable growth in the crypto sector.  Blockchain analytics render actionable insights that help enterprises…

Crypto Trading Volumes In India Sink Due To Heavy Taxation, What’s Ahead?

Cryptocurrency trading is taking another pattern and shape in India due to the implementation of taxation laws. As a result, the traders are experiencing a different turn in their transactions lately in the country. The new rule in India for 1% taxation on every transaction has been enforced from July 1. Also, the government has a taxation rule of 30% on crypto income for traders, investors, and other participants in the field. Subsequently, trading volumes have made a drastic drop over the applied law. On average, India’s three prominent crypto…