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China’s cryptoasset ban forces mining pool Huobi to spin 100,000 bitcoins

China’s crackdown on mining activities has triggered many decisions and actions. Many miners are already moving to the United States, the new mining hub, to continue their operations. Recently, the NDRC (National Development and Reform Commission) in China seized more than 10,000 mining rigs in Inner Mongolia. The report even revealed that the operation was…

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Miami Mayor Says City Explores How To Accept Bitcoin For Tax Payment

Miami Mayor Francis Suárez said his city is taking a new step in the adoption of Bitcoin by exploring how to accept BTC for taxes. In a new interview on The Best Business Show with Anothony Pompliano, Suárez says that as Bitcoin emerges into the mainstream, keeping BTC on Miami’s balance sheet seems to make…

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Coinbase users can choose to deposit paychecks directly into accounts

Customers will have the option to deposit “as much or as little” of their paychecks as they wish in the feature that will be rolled out in the coming weeks. Coinbase will soon allow American companies to deposit employee paychecks directly into accounts on the cryptocurrency exchange. In a Sept. 27 blog post, Coinbase Senior…

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U.S. government goes to court over $11M USDT purportedly stolen by fake Coinbase rep

On September 17, a group of officials led by U.S. attorney Tracy Wilkinson have filed a civil complaint in the United States District Court for the Central District of California claiming that they have identified four digital wallets holding more than 9.8 million Tether (USDT) that was involved in wire fraud, computer fraud and money…

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Twitter introduces Bitcoin failover function and examines NFT authentication

Twitter has started implementing Tips, a feature that allows users to tip bitcoins or cash. The rollout begins with iOS users and Android will be available shortly. The company also plans to support non-fungible token (NFT) authentication. Twitter provides “tips” with Bitcoin Twitter Inc. announced on Thursday that the Bitcoin tip feature would be introduced…

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The crypto exchange Binance ceases trading in derivatives in Australia

Amid a worldwide regulatory review, the global cryptocurrency exchange Binance has announced that it will stop offering leveraged futures, options and tokens to Australian users in 90 days. Upcoming changes to Binance Australia The cryptocurrency exchange Binance announced some changes to its offerings in Australia on Tuesday. The exchange will no longer offer leveraged futures,…

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1.6 million Salvadorans now use Bitcoin Chivo Wallet

The President of El Salvador, Nayib Bukele, informs us of the progress of the acceptance of his Bitcoin application for the government: Chivo Wallet. Today, the President of El Salvador, Nayib Bukele, tweeted an update on the progress of the rollout of the recently launched Bitcoin app in the country, Chivo Wallet. To date, over…

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El Salvador is buying more Bitcoin as the BTC price drops to $ 45,000

The country had bought 400 BTC in anticipation of the implementation of its Bitcoin law. El Salvador took advantage of the downward trend in Bitcoin price to increase its holdings of BTC, President Nayib Bukele tweeted on Monday morning. According to the Salvadoran leader, the country bought an additional 150 BTC as a result of…

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For Coinbase, these considerations “compensate” for its “investment grade credit rating”.

Coinbase, a famous U.S. cryptocurrency exchange, has seen a number of investors buy their “spam”. The company is said to have increased its sales volume from $ 1.5 billion to $ 2 billion. Demand was so strong that orders were worth at least $ 7 billion Junk securities are corporate bonds issued by a company…