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South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

July 15, 2022 0

The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end

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Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

July 15, 2022 0

The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to […]

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Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025

July 15, 2022 0

The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time helping […]

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Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds

July 15, 2022 0

The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’ Law Enforcement in Russia Targets Droppers Involved in Fraudulent Crypto Schemes The Ministry of

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Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin — Asset Prices Are Crashing, ‘Greatest Sale on Earth’ Incoming

July 15, 2022 0

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin. Robert Kiyosaki Waiting to Buy Bitcoin The author of Rich […]

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Monopoly Millionaire Game Raised $1 Million in Seed Funding

July 14, 2022 0

PRESS RELEASE. Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar. Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, […]

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Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High

July 14, 2022 0

Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a […]

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Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

July 14, 2022 0

During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed for bankruptcy protection, the native crypto […]

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NYDIG to Provide the New York Yankees With Bitcoin Payroll Services

July 14, 2022 0

On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball team’s “official bitcoin payroll platform.” NYDIG Inks a Multi-Year Partnership Deal With […]

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‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’

July 14, 2022 0

On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin mining rigs. The latest ASIC acquisition follows Cleanspark’s recent purchase contract to buy 1,800 Antminer S19 XP units for “an exceptionally discounted price.”