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Day: August 25, 2022
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes – Emerging Markets Bitcoin News
Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes of over $325 million during the same period, now ranks as the crypto exchange’s second-largest African market, and fifth overall. Financial Exclusion Driving P2P Bitcoin Traded Volumes According to the latest data from the peer-to-peer crypto exchange platform Paxful, Nigeria’s bitcoin traded volumes in the first half of 2022 nearly topped $400 million. When combined with the $760 million in…
Nvidia cites limited visibility into crypto mining’s impact on Q2 results
Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. The chip giant released its financial results for the three months ended Jul. 31y, which revealed a 19% quarter-on-quarter drop in revenue to $6.5 billion, while net income fell 59% to $656 million. Revenue for its gaming division, which includes sales of its high-end GPUs, fell 44% in revenue from the previous quarter to $2.04 billion, which Nvidia attributed…
Is Bitcoin Mining Worth it in 2022? Or Should You Just HODL?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Before we dive into the world of Bitcoin mining as a whole, I’m going to try and answer the most important question of whether or not mining is still profitable in 2022 or if they might be better off using that money to invest in Bitcoin directly – or HODL. For the full written guide: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
M&M’S jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more…
Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M’S featuring content from the Bored Ape Yacht Club (BAYC). KINGSHIP is a group made up of three BAYC NFT hodlers and one Mutant Ape Yacht Club MAYC owner. As part of the deal, the avatars depicted in the NFT art will be printed on the chocolate candies in a select number of boxes. There has been a total of 4,000 boxes created in total, split between two tiers of rarity. The…
KuCoin among 16 Illegal Crypto Exchanges Operating in South Korea
The South Korean authorities are now cracking down on overseas cryptocurrency exchanges as 16 such platforms operate in the country without authorization, local media The Korea Times reported. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Among the illegal platforms are reputed global names like KuCoin and MEXC, which, according to the Korea Financial Intelligence Unit, have allegedly violated the peninsula’s Financial Information Act. All of these platforms offer cryptocurrency exchange Cryptocurrency…
Crypto News Today: Cryptocurrency Tax, TDS in India Latest Update Hindi | Bitcoin, Shiba Inu News
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io India में Crypto Tax और Crypto पर TDS की वजह से Crypto Exchanges (WazirX, CoinSwitch Kuber, Coin DCX, ZebPay, Unocoin) बड़ी मुश्किल का सामना कर रहे हैं. Cryptocurrency (Bitcoin, Ethereum, Dogecoin, Shiba Inu) पर Tax की वजह से Crypto Trading काफी काम हो गई है. Crypto Exchanges को इससे नुकसान हो रहा है. साथ ही Crypto Wallets और Crypto Exchanges को Digital Payment में भी दिक्कतें आ रही हैं. कई Exchanges ने UPI Transfers, UPI Deposit और UPI Payment बंद कर दिए…
Spirit Blockchain Capital to List on CSE in September
British Columbia, Canada-based Spirit Blockchain Capital Inc. (Spirit), which focuses on blockchain and digital assets, announced that it has received listing approval from the Canadian Securities Exchange (“CSE”). The company expects to begin trading shares of its common stock on the Canadian Securities Exchange in September. The exact time is still waiting for the exciting news from CSE. The listing will raise funds for Spirit to expand partnerships with other prominent players, such as streaming and royalty deals with North American bitcoin miners while expanding operations. The company’s strategy is…
Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year – Mining Bitcoin News
Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay 100 Million Rubles in Fines in 2022 Cryptocurrency mining has become a profitable business for many companies in Russia’s energy-rich regions, and an alternative income source for ordinary Russians. Despite the generally low rates of electricity for commercial purposes, many have been tempted to mint digital coins…
Crypto Developer Platform Thirdweb Gets Katie Haun’s Backing at $160M Valuation
Thirdweb tools have been used by global brands like buy now, pay later platform Afterpay, and New York Fashion Week, and the startup has a partnership with Coinbase’s NFT marketplace. In the past nine months, over 55,000 developers have used thirdweb tools to build applications, according to the company. Source 160MBackingCryptoDeveloperHaunsKatiePlatformThirdwebValuation CryptoX Portal