Bitcoin Hashrate Bounces Back
Bitcoin hash rate bounces back. Bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. On May 22, there were 17 mining pools hashing aw...
South Korea To Start Taxing Bitcoin Profits In 2021
South Korea to start taxing bitcoin profits in 2021. South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports.
South Korea’s Ministry of...
Bitcoin Fees Down 60% While Transaction Count Declines
Bitcoin fees down 60% while transaction count declines. Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network e...
JPMorgan Pays $2.5 Million For Crypto Class-Action Lawsuit
JPMorgan pays $2.5 million for crypto class-action lawsuit. The firm has allegedly agreed to pay $2.5 million to settle a crypto class-action lawsuit.
The suit originally filed in 2018, alleges that the bank...
Leading Australian Micro-Investing App Now Offers Bitcoin Exposure
Leading Australia micro-investing app now offers bitcoin exposure. Raiz (formerly Acorns) has added a bitcoin investment option. Individual investors can now round up their spare change and regularly invest i...
Bitwage Launches Bitcoin-Based Retirement Plan For Employees
Bitwage launches bitcoin-based retirement plan for employees. The payroll service has partnered with Gemini to launch Bitcoin 401 (k) plan, allowing companies to offer employees a BTC-based retirement plan.
...
Revolut Sees 57% Jump in Crypto Demand with COVID-19 Lockdown
Revolut, a UK-based payments unicorn, has reported a significant jump in the number of its clients trading cryptocurrencies on its application.
According to the data published by the payments company, the nu...
Facebook Rebrands Libra-Wallet Calibra To Novi
Facebook has announced on Tuesday a name change of its Calibra wallet subsidiary to Novi.
In a blog post the company said that the new name was inspired by the Latin words “novus” and “via,” which mean “new”...
Swiss Government Reject Millions In Crypto Company Bailout
Swiss government reject millions in crypto company bailout. The government of Switzerland has rejected $103 million bailout for cryptocurrency companies affected by the coronavirus hit.
Zug finance director ...
Bitcoin Risks Turning Bearish
Bitcoin risks turning bearish. Analytics firm Glassnode has shown that GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simul...
