Day: December 9, 2022

UK Crypto Tax Break Extended to Induce More Investments in This Space

The UK will extend its crypto tax break as part of a broader financial reform package to increase the country’s crypto profile. The United Kingdom (UK) has stated that it would extend its crypto tax break for investment managers via financial reforms. According to Prime Minister Rishi Sunak, this move is part of the country’s broader plan to become a digital currency hub. Sunak’s administration has already legislated for stablecoin usage in payments and the British politician is angling for more investments in crypto businesses. Economic Secretary to the Treasury…

Coinbase Waives Fee for Conversion from USDT to USDC

Tether CTO Paolo Ardoino denounced the decision, along with several Twitter users who have questioned the motive. Coinbase has announced zero conversion fees for customers wanting to change to a popular stablecoin USDT  in a new drive that emphasized the quality of reserves that support Circle-owned USD Coin (USDC). According to a Coinbase blog post, affairs in the previous week have led to the assessment of some stablecoins while also witnessing a flight to safety. It went on to claim that USDC was considered a reputable and trustworthy stablecoin. Coinbase…

SILK Is Now Available for Trading on LBank Exchange – Press release Bitcoin News

boss

press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec. 9, 2022 – LBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK has been listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand its global reach and…

Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin

boss

With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week. The release of the Consumer Price Index (CPI) on December 13, Tuesday at 08:30 AM ET, will once again be “the most important CPI ever”. Just one day later, on December 14, Wednesday at 2:00 PM ET, the final Federal Open Market Committee (FOMC) meeting of the year will take place. Remarkably, FED members will release their updated forecasts for inflation and interest rates (dot…

FTC Moves to Block Microsoft from Acquiring Activision Blizzard

The FTC issued a press release stating that the $69 billion deal by Activision Blizzard is the largest investment by Microsoft. The Federal Trade Commission (FTC) is seeking to block Microsoft (NASDAQ: MSFT) from acquiring video game company Activision Blizzard (NASDAQ: ATVI) as planned. The Commission said on Thursday that it had filed an antitrust case against the technology company to stop it from purchasing the video game company. According to the FTC, the move is to avoid Microsoft violating US law of suppressing competitors. The latest development is one…

Sam Bankman-Fried Dares Senate Committee, Misses Deadline to Respond to Testimony Request

Former FTX CEO Sam Bankman-Fried faces a possible congressional subpoena after failing to respond to a Senate Committee request on the December 8 deadline. The current crypto villain Sam Bankman-Fried (SBF) has failed to respond to a request asking him to confirm if he’ll appear at a Senate Committee hearing due next Wednesday. But for some reason, the former FTX CEO missed Thursday’s 5 pm ET deadline. And as a result, he may have failed to show his willingness to be accountable to the American people. SBF’s decision to ghost…

Bitcoin Mining Giant Marathon Digital Not Looking to Buy Any Assets from Compute North

boss

Marathon CEO Fred Thiel that the assets of bankrupt hosting provider Compute North are not worth looking for at the moment. Bitcoin miners have been having a pretty rough phase this year as they continue to face massive operational challenges amid the falling BTC price. After considering a stake in Compute North’s wind power facility in Texas, Bitcoin mining giant Marathon Digital decided to back out. Earlier, Marathon was planning to have a 50% stake in Compute North in a joint venture with energy provider NextEra Energy. Speaking about the…

Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm – Mining Bitcoin News

boss

Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into other African countries. Using Revenue Generated From BTC Sales to Subsidize the Cost of Power A Jack Dorsey-owned digital payments firm, Block, and Stillmark, a bitcoin-focused venture firm, are reported to have led a $2 million seed investment in African crypto mining company Gridless.…