Thai
Samsung To Make Chips That Can Power Bitcoin Mining – Will This Energize Crypto?
The entry of Samsung into 3-nanometer foundry processor manufacturing kicks off, and the South Korean company will reportedly start producing Gate-All-Around-based chipsets this week, Samsung New3sroom disclosed on Thursday. The electronics juggernaut is making rapid progress toward finishing the creation of chipsets that could assist the mining of Bitcoin. The company alluded to the new…
Read MoreGrayscale Investments Sues SEC Over Bitcoin ETF Denial
In response to the U.S. Securities and Exchange Commission’s denial of a request to convert its Bitcoin trust into an exchange-traded fund, Grayscale Investments, the largest manager of digital currency assets globally, has filed a lawsuit against the SEC. Michael Sonnenshein, CEO at Grayscale Investments, tweeted on June 29 : Grayscale Investments Initiates Lawsuit Against…
Read MoreIs Coinbase Selling User Data To US Immigration Agencies?
Per a report from The Intercept, U.S. exchange Coinbase is providing the U.S. Immigration and Customs Enforcement (ICE) with access to crypto users tracking tools. The report is based on documents between the company and the U.S. law enforcement agencies obtained by Tech Inquiry. Related Reading | EU Agrees On New Crypto AML Laws For Crypto…
Read MoreEU Agrees On New Crypto AML Laws For Crypto Transfer Tracing
The Transfer of Funds Regulation (TOFR) was the subject of a preliminary agreement between the European Union’s Parliament, Council, and Commission on June 29. The regulatory frameworks the E.U. is putting in place for cryptocurrency regulation include the TOFR. EU Sets Tone For Crypto Transfer Tracing Criminals will find it harder to use cryptocurrency for…
Read MoreNorth Korean Hackers Suspected Of Perpetrating $100 Million Harmony Attack
North Korean hackers are being pointed at as the brains behind last week’s $100 million crypto attack at an American company, multiple news outlets reported Thursday. The Lazarus Group, a notorious hacking group with apparent ties to the North Korean government, has been pinpointed as the main suspect in the recent attack on the Harmony protocol, in…
Read More3 Lessons From The Oslo Freedom Forum: Why BTC? Nabourema, Likhachevskiy, Diop
The Oslo Freedom Forum offers another way to measure the bitcoin network’s worth. Price action is fine, but, what about real-life impact? The event is not about bitcoin per se. However, The Human Rights Foundation’s Chief Strategy Officer, Alex Gladstein, put together a series of one-minute clips that summarize exactly how deep bitcoin’s existence changes…
Read MoreIndian Crypto Companies Migrate Amidst Unclear Regulations
The crypto industry has been wobbling under severe volatility, India out of all the countries has been affected considerably. With rigorous clamping down of the digital asset space, which also includes action by enforcement agencies the industry has just not been able to take a breather. New rules, regulatory measure and the massive lack of…
Read MoreCrypto And Digital Assets Issuers Are Exempted From VAT In Russia Now
Russia has approved a draft bill that exempts cryptocurrency issuers from Value Added Tax (VAT). This move is to further strengthen its pro-crypto stance through its legislation. The lower house of Russian legislature, The State Duma has passed this bill. Reportedly, some other services related to the crypto exchanges shall also fall under exemption. The…
Read MoreProShares Short ETF Becomes Second-Largest Bitcoin Fund In Record Time
The ProShares Short Bitcoin ETF had been highly anticipated due to the success of short bitcoin ETFs in the past. A reasonable amount of inflows was expected to flow into the ETF but with less than one week in the game, the ETF had surpassed expectations for it. This growth coincided with a decline of…
Read MoreWhy The SEC Will Reject Grayscale’s Bitcoin Linked Spot ETF
The U.S. Securities and Exchange Commission (SEC) will announce its decision on the Bitcoin-linked spot Exchanged Traded Funds (ETFs) proposals filed by investment giants Bitwise and Grayscale. The Commission is expected to make this announcement on the former by July 1st and on the latter by July 6th. Related Reading | Here Are Bitcoin And Ethereum’s…
Read More