Why I got a Bitcoin wallet, and how it can be used for crypto gift-giving and receiving
Curious to use Bitcoin but don’t know where to start? Forkast.News explains how.
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Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling
An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.
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India PM Twitter account hacked, fake tweet claims Bitcoin is legal tender
India prime minister Narendra Modi’s Twitter account was hacked on Sunday morning, with the attacker posting a false tweet about India officially adopting Bitcoin as legal tender. Fast facts The tweet also said the government has bought 500 Bitcoin which will be distributed among citizens. This was the second instance of Modi’s Twitter account getting…
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China’s Yunnan province eradicates illegal power supply for Bitcoin mining
The energy authority in Southwest China’s Yunnan province said it has eliminated the illegal power supply from small and midsize hydropower stations to Bitcoin mining, as China continues to intensify its clampdown on crypto mining. Fast facts In a Friday post on Weibo, China’s Twitter-like microblogging platform, the Yunnan authority said as of the end…
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Bitcoin hashrate recovers six months after China’s crypto ban
Bitcoin’s hashrate has almost fully recovered just six months after China’s crypto ban sent miners fleeing to more hospitable shores. Fast facts Despite the recent price crash, the total Bitcoin hashrate stood at 180.5 million terahashes per second, almost approaching its all-time high of 180.67 million TH/s back in May, according to data from Blockchain.com. The hashrate took…
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Bitcoin price tumbles below $50K as Evergrande defaults
Chinese property giant Evergrande has defaulted on its debt to global investors, credit rating firm Fitch Ratings reported today. Fast facts Fitch has downgraded Evergrande to “Restricted Default” after its deadline to pay interest due on two dollar-denominated bonds passed on Monday. The actual payments were due a month ago and the grace period expired…
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Bitcoin crash drags down South Korean NFT game stocks
South Korean game shares fell sharply, just a few weeks after announcements of new NFT metaverse ventures sent the shares up.
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Fidelity launches spot Bitcoin ETF in Canada
One of the world’s largest asset managers sought SEC approval of a spot Bitcoin ETF in March and is still awaiting a response.
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SEC denies WisdomTree’s spot Bitcoin ETF
The SEC’s second rejection of a spot Bitcoin ETF again cited concerns about fraud and manipulation.
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Bitcoin miner Griid set to go public via Adit EdTech merger
Griid Infrastructure, a U.S.-based Bitcoin mining company, is set to go public through a merger with Adit EdTech Acquisition Corp., a special purpose acquisition company (SPAC), in a deal that would value the combined company at about US$3.3 billion, according to a company statement released Tuesday. Fast facts Upon completion of the deal, the combined…