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Tag: Report
Bitcoin Selling by Mt. Gox Creditors Could Dent BTC’s Recovery in the Markets – Report
Summary: Creditors of Mt. Gox could soon get repaid in Bitcoin for their 2014 losses when the exchange was hacked. Mt. Gox’s bankruptcy trustee currently holds 141,686 Bitcoin. The distribution and potential selling of the Bitcoin by creditors could slow BTC’s recovery in the crypto markets. Creditors of the non-functioning crypto exchange Mt. Gox could soon receive repayments on their Bitcoin held by the platform’s trustee since the 2014 hacking incident. According to a report by Bloomberg, Mt. Gox’s Japanese bankruptcy trustee sent out a letter on July 6th requesting…
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils – Bitcoin News
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine. Washington Wants Japan’s Crypto Companies to Cut Ties, Further Isolate Russia The United States has urged Japan to put more pressure on cryptocurrency exchanges and mining companies that continue to work with Russians. The U.S. wants the Japanese entities to end their business relations with Russia, thus adding to its financial…
US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report
Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions. According to a Thursday report from the Financial Times, U.S. diplomats requested several of the 31 crypto exchanges licensed to do business in Japan and certain miners to halt operations in Russia. Japan’s financial watchdog, the Financial Services Agency, or FSA reportedly issued demands to the respective exchanges to sever any remaining ties with Russia. 国務省は、「米国は、G20およびその他の国際パートナーとの関与を継続し、ロシアのウクライナ侵攻に起因する人道的課題、とりわけロシアの侵略戦争が世界の食料およびエネルギー安全保障に及ぼす悪影響に対処していく」とツイートしました。 https://t.co/NIzKSzkte4 — アメリカ大使館 (@usembassytokyo) July 8, 2022…
Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate – Mining Bitcoin News
According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick around then it is important that these financial systems are “developed responsibly and minimizes total emissions.” White House Eyes Bitcoin Mining and the Industry’s Emissions A new report will be published by the White House…
BTC Surges Above $22,000 Ahead of NFP Report – Market Updates Bitcoin News
Ahead of the latest nonfarm payrolls report, bitcoin rose to a multi-week high above $22,000 on Friday. The token climbed to its highest level in over three weeks, whilst ETH also rallied, rising above $1,200 for the first time in nearly two weeks. Bitcoin BTC rallied to a three-week high on Friday, as markets anticipated the release of the latest nonfarm payrolls report. Following a low of $20,382.89 on Thursday, BTC/USD surged to an intraday peak of $22,314.94 earlier today. The move saw bitcoin climb to its highest point since…
Social media ‘major Web3 pain point’ as phishing attacks almost doubles: Report
As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as a major platform of choice for conducting the hacks. In the quarterly report of security firm Certi, the team has found a 170% increase in phishing attacks in the second quarter of 2022. According to the security firm, 106 attacks were recorded in the first quarter, while 290 events were noted in the next quarter. According to…
Ethereum 2.0 stakers face a 36.5% larger loss than ETH spot investors — Report
Ethereum investors who staked millions of dollars worth of Ether (ETH) tokens to become validators on its soon-to-launch proof-of-stake (PoS) network are now facing heavy paper losses. Ether spot traders outperform stakers by 36.5% In detail, investors have locked a little over 13 million ETH into the so-called Ethereum 2.0 smart contract since it went live in December 2020. However, there is no date when these investors can redeem their tokens alongside the 10% yield. Interestingly, around 62% of Ether tokens were deposited before the price peaked at around $4,930…
NFT platform wars could be ahead, says new DappRadar report
OpenSea, UniSwap, MagicEden, eBay and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem. DappRader’s “Dapp Industry Report for Q2” 2022 raised, among many points, the idea that an upcoming non-fungible token (NFT) platform war could be on the horizon. The report, which was provided to Cointelegraph, spoke of how UniSwap had recently acquired Genie and OpenSea purchased Gem in an effort to expand their respective services to include NFT aggregation tools, which “accumulate NFT offers from various trading platforms.”…
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…