Cryptocurrency mining is an ongoing process. To generate a stable income, the farm must operate 24/7. But technology is not immune to failure. Downtime can occur due to prolonged exposure to high temperatures, overclocking, or software errors. To prevent risk, they use a watchdog timer for mining. In the event of a power outage, freezing, and crashing into a blue...
The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) have accused a former product manager at cryptocurrency exchange Coinbase of engaging in insider trading. Representatives of these organizations claimed that the former head of one of the departments of the platform, Ishan Wahi, and two of his accomplices earned more...
According to Bloomberg, Caisse de Depot et Placement du Quebec (CDPQ) invested $150 million in Celsius in October 2021 in a $400 million funding round led by Westcap Investment Partners LLC Mathieu Dion. “We understand that our investment in Celsius raises a number of questions. We also take this very seriously and we will provide further...
It became known that Google Pay users have opened another way to access the cryptocurrency market, as Crypto.com has integrated its payment functions for purchases in the service. Representatives of the Crypto.com crypto exchange platform have added Google Pay for Android users, opening up the possibility for them to purchase cryptocurrency purchases. Analysts assured that this indicates...
The South Korean government has decided to postpone introducing a 20% tax on cryptocurrency income until January 1, 2025. Authorities said that initially, it is necessary to develop and approve rules to protect investors and only then deal with taxation. The country finally confirmed plans to postpone this initiative, which was planned to be launched...
Marsbase , a decentralized OTC trading platform, has added over 1,000 tokens for P2P transactions on the BNB Chain and Ethereum networks. Shortly, the developers will also add support for NEAR Protocol and Polygon. Marsbase is a decentralized OTC platform for anonymous trading of crypto assets. Its users can participate in auctions and create OTC orders without limits. The platform provides...
Representatives of the Asian fund Kenzo Ventures said their company had become a partner of the Crypto Pirates game developers. The organization will help finance the project for non-fungible token (NFT) holders and create a game that will be available to gamers from all over the world. In the new cryptocurrency startup, users can fight monsters...
A bill on financial services and markets was submitted to the UK Parliament, which included the regulation of cryptocurrencies and other digital assets. In general, the changes proposed by HM Treasury are aimed at “increasing the country's competitiveness as a global financial center” against the backdrop of leaving the EU. The document defines a "digital settlement asset" (DSA) as a...
The US Securities and Exchange Commission (SEC) interferes with regulating the cryptocurrency industry and acts unethically towards its participants. This was stated by a member of the House of Representatives, Tom Emmer. During a meeting of the Financial Services Committee of the lower house of the US Congress, Emmer accused the Commission of politicizing the rules. In...
From March to April 2022, cybersecurity company BrandShield succeeded in removing 120 phishing sites and 58 fake social media accounts from The Sandbox metaverse project. CoinDesk writes about it. The teams' agreement aims to ensure the safety of users associated with the NFT metaverse. BrandShield also evaluates threats from websites and NFT marketplaces in analyzing and classifying attacks...
