Month: July 2022

BITCOIN MINING 2022 | HOW EARN BITCOINS | BITCOIN MINING WEBSITE

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US Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’ – Regulation Bitcoin News

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A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.” Rep. Emmer Slams SEC and Chair Gensler The director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), Gurbir Grewal, testified Tuesday before the U.S. House of Representatives Committee Financial Services’ subcommittee on Investor Protection, Entrepreneurship, and Capital Markets. During…

Hardware wallet industry to outstrip crypto exchanges: Report

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The crypto hardware wallet industry could be growing at a faster pace than cryptocurrency exchanges, data from several studies suggest. The current bear market has accelerated the development of the cold wallet industry, while many centralized crypto exchanges were scrambling to maintain operations. According to a report by business intelligence firm Vantage Market Research, the revenue of global crypto trading platforms amounted to $330 million in 2021. Released on July 21, the report suggests that the global crypto exchange market revenue would reach a value of $675 million by 2028 with…

Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade

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South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem.  Uprise is making arrangements to compensate 40% of the loss incurred by customers tied to its disastrous short bet on the token, according to the Korean newspaper Soul Economic Daily. The short position was placed in May using client funds that were deposited in a $20.3 million (26.7 billion won) discretionary investment vehicle. As reported…

Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

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Bitcoin miner revenues have been plummeting ever since the price of BTC peaked back in November. This has put miners in a tight spot, causing a good number of them to sell their BTC holdings in order to keep financing their operations. The same was the case for last week, where miner revenues were once again in the red. However, as the tide begins to change in the crypto market, there may be light at the end of the tunnel for miners. Miner Revenues Down 4% For the past month,…

30% Tax On Cryptocurrency In India | India Budget 2022 Finance Minister Today Statement

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Video Game Giant Square Enix Plans to Drop a Final Fantasy VII NFT Collection in 2023 – Bitcoin News

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According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network platform Efinity. Japanese Software Developer Square Enix to Issue Final Fantasy Non-Fungible Token Assets Next Year Square Enix has plans to release NFTs tied to the company’s most popular video game series Final Fantasy in 2023, according to a press announcement stemming from Enjin. The…