Malaysian police are crushing it in illegal Bitcoin mining crackdown
In viral video, Borneo police use a giant steamroller to destroy 1,069 crypto mining rigs that had been caught running on stolen electricity.
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South Korean exchange Bithumb cuts ties with platforms abroad
South Korean cryptocurrency exchange Bithumb announced today that Bithumb Global and Bithumb Singapore will no longer be licensed to use its name after their contracts expire on July 30. Industry experts say the South Korean business’s severing of links with eponymous operations outside the country is designed to prevent any association with possible future money…
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Bitcoin price Google searches at lowest point for 2021. Is BTC still an inflation hedge?
The price of gold is rising with inflation. Then why is ‘digital gold’ Bitcoin’s price stagnant — and public interest in BTC falling to a new low?
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Chinese crypto news service forced to shutter site
Bishijie’s suspension deprives users of industry news and community forum as Beijing continues campaign targeting cryptocurrency sector.
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Hong Kong finance sector body prepares response to planned virtual asset rules
Hong Kong’s Financial Services Development Council — a cross-sector advisory body established by the government to engage the city’s financial services industry — is putting together industry feedback on the government’s legislative proposals related to virtual assets and virtual asset service providers. Fast facts In May, Hong Kong’s Financial Services and the Treasury Bureau released…
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Binance unauthorized in Italy, regulator warns
Italy has become the latest jurisdiction to clamp down on Binance amid regulatory pressure around the world centered on the biggest crypto exchange by trading volume. Fast facts Binance Group companies are “are not authorized to provide investment services and activities” in Italy, not even through the exchange’s website, “whose sections called ‘derivatives’ and ‘Stock…
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Axie Infinity fans play their way to payday as game token prices soar
Play-to-earn game Axie Infinity has caught the blockchain community’s attention in the past few months as the price of its governance token has kept rising. Now it’s hit an all-time high, players are earning some serious money.
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Court grants Ripple bid to force ex-SEC director to testify in XRP case
Ripple scores major discovery win as judge rules ex-SEC official William Hinman must answer ‘central question’ on Ethereum in the globally-watched case about XRP.
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Rolling Stone launches first NFT of cover featuring pop star Tones and I
Music magazine Rolling Stone Australia is releasing a cover as a non-fungible token to coincide with the release of the debut album by pop star Tones and I, according to a company blog post. The album is out today. Fast facts The cover on offer, which features the singer-songwriter, is Rolling Stone Australia’s debut cover…
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Square to build new Bitcoin DeFi platform, says CEO Jack Dorsey
CEO Jack Dorsey announced that his mobile payments company Square has created a new division dedicated to decentralized finance (DeFi) on Bitcoin. For now, Dorsey is referring to the new Square Bitcoin DeFi platform as TBD, having not yet decided on an official name. Fast facts The DeFi space, which has grown exponentially over last…