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South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations

Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin "has no intrinsic value." He also said that he did not understand why its value is so high. Taking a Step…

South-korea , South-korean , Korea , Lee-ju-yeol , Governor-of-bank-korea , Wayne-jones , Using-specified-financial-transaction-information , Tough-regulations , Cryptocurrency-news , Current-cryptocurrency-news , Cryptocurrency-news-today

Stellar (XLM) Blockchain Network to Enable Thailand-Europe Cross-Border Payments

Stellar (XLM) blockchain-powered cross-border remittance corridor goes live to enable Thailand-Europe payments. Enabling Cross-Border Payments via Stellar Blockchain According to a recent press release, Velo Labs, TEMPO Payments, and Bitazza Thailand have jointly opened up a remittance corridor between 27 countries in Thailand and the EU region. Notably, the aforementioned…

China , Thailand , Egypt , Hong-kong , National-bank , Al-qahirah , Mike-kennedy , Europe-cross , Digital-currency-institute-of-the-people-bank , Velo-lab , Blockchain-network-to-enable-thailand , International-settlements

SkyBridge Capital Purchases Credits to Offset Its Bitcoin (BTC) Holdings Carbon Footprint

The push toward making bitcoin (BTC) greener continues to grow stronger. SkyBridge Partners with MOSS Earth In a press release issued on August 2, global multi-asset class investment firm SkyBridge Capital announced it had joined forces with climate tech company MOSS Earth to purchase and immediately retire tokens representing about…

New-york , United-states , Luis-adaime , Anthony-scaramucci , Holdings-carbon-footprint , Skybridge-capital-purchases-credits , Offset-its-bitcoin , Aisshwarya-tiwari , Bridge-partners , Skybridge-capital , Managing-partner , Making-bitcoin

Crypto Mining and Renewable Energy: Current Scenario and Emerging Trends

The economic potential for cryptocurrency can be huge. Millions of people who don't have access to banking can have digital wallets, be prevented from fraud, and cut out the third-party transaction fees. These are just a few of the transformative potential of cryptos. There are many more. Despite all these…

China , Vietnam , Republic-of , Canada , Morocco , El-salvador , Chinese , Salvador , Ogwu-osaemezu-emmanuel , Eyal-avramovich , Renewable-energy , Levelized-cost-of-energy

SushiSwap (SUSHI) Announces Arbitrum Deployment

The SushiSwap (SUSHI) team has revealed via Twitter on May 30, 2021, that the decentralized exchange (DEX) has successfully deployed Arbitrum and it’s now putting finishing touches to its user interface and other areas. SushiSwap Adds Support for Arbitrum In an exciting development for users of the SushiSwap (SUSHI) decentralized…

Hayden-adams , Arbitrum-ethereum , Ogwu-osaemezu-emmanuel , Sushiswap-co , Announces-arbitrum-deployment , Swap-adds-support , Sushiswap-co-founder , Cryptocurrency-news , Current-cryptocurrency-news , Cryptocurrency-news-today , Cryptocurrency-latest-news

Montana Set to Be the Next Green Energy-Powered Bitcoin Mining Hub

As various sectors of the global economy keep making serious efforts to reduce their carbon footprints, Montana-based Madison River Equity LLC is putting preparations in top gear to install a 1,600-acre, 300-megawatt solar facility that could transform the city into a global bitcoin (BTC) mining hub, and provide thousands of…

China , Silver-bow-county , Montana , United-states , Madison-river , Matt-vincent , Ogwu-osaemezu-emmanuel , Montana-environmental-information-center , Nvidia , Madison-river-equity , Green-energy , Montana-set

Netherlands: Staff at Biggest Domino's Pizza Can Opt to Be Paid in Bitcoin (BTC)


Reading Time: 2 minutes
by
Aisshwarya Tiwari
on
May 23, 2021 Bitcoin
A franchisee of Domino’s Pizza in the Netherlands has offered to pay its employees in bitcoin (BTC) from Bitcoin Pizza Day.
Domino’s Pizza in the Netherlands Offers to Pay in BTC
In what comes as a rather well-timed development, a Domino’s Pizza franchisee in the Netherlands is offering to pay its employees in bitcoin. Notably, staff taking up the offer will have the freedom to choose how much of their salary above the minimum wage – which is supposed to be paid in euros by law – they want to receive in BTC.

Netherlands , Dutch , Jonathan-gurevich , Vitalik-buterin , Laszlo-hanyecz , Immensus-holdings , Domino-pizza , Biggest-domino , Pizza-can-opt , Aisshwarya-tiwari , Bitcoin-pizza , Netherlands-offers

Switzerland: Regulated Crypto Bank Now offers Yields on Its Stablecoin


Reading Time: 2 minutes
by
Dalmas Ngetich
on
March 17, 2021 Regulation
Sygnum–a digital asset bank with operational licenses in Switzerland and Singapore, is offering a 0.75 percent annual yield on its stablecoin, the Digital CHF (DCHF), a press release on Mar 16 reveals.
The bank is launching a 3-month Digital CHF (DCHF) fixed-term deposit product in a Swiss negative interest rate environment.
Sygnum is Trailblazing
To earn positive yields, CHF holders must convert their fiat to DCHF through Sygnum’s integrated account. Here, owners can buy DCHF, BTC, ETH, and a range of other digital currencies using CHF, USD, SGD, and the Euro.

Switzerland , Singapore , Swiss , Crypto-bank , Regulated-crypto-bank-now , Its-stablecoin , Dalmas-ngetich , Swiss-franc , Cryptocurrency-news , Current-cryptocurrency-news , Cryptocurrency-news-today

Thailand: Movie Enthusiasts Can Now Pay for Tickets using Bitcoin (BTC)


Reading Time: 2 minutes
by
Dalmas Ngetich
on
March 5, 2021 Bitcoin
In the first pilot project in Thailand’s entertainment scene demonstrating virtual currencies’ potential, Major Cineplex Group is collaborating with Zippex and RapidZ.
Clients can now buy movie tickets using Bitcoin and digital cryptocurrencies, adapting to the “new normal lifestyle,” local news outlet
Siam Rath on March 5 reports.
Thailand’s Crypto Players Join Hands to Spur Adoption
Major Cineplex Group is the largest movie theatres operator in Thailand, while Zippex is an established crypto exchange. On the other hand, RapidZ is a digital exchange management system provider with a presence in South East Asia.

Thailand , Narut-jiansanong , Cineplex-ratchayothin , Wisara-chokdeetaweanan , Major-cineplex-group , Movie-enthusiasts-can-now-pay , Dalmas-ngetich , Siam-rath , Crypto-players-join-hands , Cineplex-group , South-east , Chief-marketing-officer

Kentucky Offers Tax Exemption to Attract Crypto Miners


Reading Time: 2 minutes
by
Anthonia Isichei
on
March 4, 2021 Regulation
Lawmakers in the U.S. state of Kentucky recently approved a bill that would exempt cryptocurrency miners from paying taxes. 
Crypto Mining Tax Exemption Bill Receives Majority Support
According to local news outlet the
Lexington Herald-Leader on Tuesday (Mar. 2, 2021), the House Budget committee of the Kentucky General Assembly approved Bill 230, which sought to remove taxes on electricity purchased for commercial cryptocurrency mining activities.
The bill saw a vote of 19-to-2, which meant that lawmakers were in favor of the proposal. Meanwhile, the purpose of the tax exemption is to attract crypto miners to the state and encourage the growth of the industry.

Paducah , Kentucky , United-states , Iran , Steven-rudy , Chris-freeland , Democratic-party , Kentucky-offers-tax-exemption , Attract-crypto-miners , Anthonia-isichei , Lexington-herald-leader , House-budget