Category: News
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Ohio Modernizes Tax System to Accept BTC Payments
Ohio, the first U.S. state to accept Bitcoin for tax payments, positioning itself as a pioneer in crypto-friendly regulation in 2018 introduced a new bill to widen crypto adoption. Ohio recently took a significant step toward broader crypto adoption by introducing a new bill that allows residents to pay state and local taxes using cryptocurrencies…
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Gemini to Exit Canada by Year-End
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has officially announced it will cease all operations in Canada by December 31, 2024. This decision follows the increasing regulatory pressures in the Canadian crypto landscape, which have prompted other major platforms like Binance, OKX, and Bybit to also exit the country. Regulatory Compliance Challenges The…
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Hive Digital Expands into Artificial Intelligence
Hive Digital, a leading crypto mining firm, has adapted its business model by pivoting toward artificial intelligence (AI). The company has repurposed its $66 million investment in Nvidia GPUs, initially intended for crypto mining, to power AI workloads. Hive executives Frank Holmes and Aidan Killick shared insights into the company’s AI strategy in an interview.…
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Sentinel VPN releases Sentinel Shield dVPN for apple devices
The Sentinel VPN team has released the Sentinel Shield dVPN application for Apple devices. The app is now available on the App Store for iOS, iPad, and Mac users. It provides decentralized VPN services with a focus on privacy and security. Key features include: Sentinel Shield’s approval followed months of discussions with Apple. The team…
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FED’s Bostic Signals Bullish Outlook with Potential Rate Cut in Q4
Federal Reserve Bank of Atlanta President Raphael Bostic has hinted at the possibility of a half-percentage-point rate cut in November, fueling market optimism for Q4 2024. This potential move would aim to stimulate the economy by lowering borrowing costs, potentially boosting housing markets, business investments, and consumer spending. For investors, a rate cut could increase…
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Crypto Market Eyes U.S. Employment Data Amid ‘Uptober’ Rally Buzz
As October begins, the crypto market is buzzing with excitement over the possibility of an ‘Uptober’ rally, a phenomenon where Bitcoin and other cryptocurrencies historically perform well. This year’s anticipation is further fueled by the upcoming U.S. employment data, set to release on October 4, which could play a pivotal role in shaping market sentiment.…
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China’s former Finance minister calls crypto “crucial”
Zhu Guangyao, China’s former finance minister, has urged Beijing to focus more closely on the cryptocurrency market during a speech at a Tsinghua University summit. He emphasized the potential risks and threats that crypto could pose to capital markets, calling for greater awareness and regulation. While China remains cautious about cryptocurrencies, Hong Kong has taken…
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Dynex joins European Le Mans Series
The Dynex project team reportedly joined the motorsports series European Le Mans. Co-founder Daniela Hermann and global head of ecosystem development and Information Security, Clifford Mapp, were at attendance to introduce Dynex Quantum as a service to Motorsports. The team also mentioned on X that they are looking forward to regularly engage at the upcoming…
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Dione Protocol Launches Community Poll for $DIONE Token Expansion on Odyssey Blockchain
The Dione Protocol has announced an exciting community poll regarding the strategic expansion of its $DIONE token supply on the Odyssey blockchain, set for October 30, 2024. This pivotal move is part of a broader effort to support significant upcoming projects aimed at setting new industry standards and fostering groundbreaking innovation and collaboration. Why the…
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Authorities Recover Over $6 Million in Crypto Linked to Southeast Asian Scams
In a significant operation against cross-border cryptocurrency fraud, U.S. authorities, with considerable assistance from Tether, one of the leading stablecoin issuers, have successfully seized over $6 million in digital assets from Southeast Asian Scams. This recovery was part of an effort targeting scammers based in Southeast Asia who had been defrauding U.S. citizens through elaborate…