Bitcoin News and Finance: What You Need to Know

BarterTrade , is a cryptocurrency trading ecosystem that upgraded to more advanced V2 on 6th May, 2021, implementing significant benefits and new features for traders. Understanding crypto traders’ needs is a key ingredient of the relaunch, which includes features such as a 0% trading fee, institutional liquidity, auto KYC and a new customer support. Bartering or Trade with V2 Upgrade The V2 BarterTrade crypto exchange ecosystem brings in a plethora of improvements and features, carefully selected and designed to ensure a seamless user experience. This includes: 0% Fee on BART Trades : BART, the native token of BarterTrade allows users to access a 0% trading fee Social Trading : A fast-growing Industry feature which affords invaluable help to new traders who want to follow and learn from successful, experienced traders. Live Chat Support : No more bots. BarterTrade believes that the human touch is crucial in offering the best service to its users, and uses a improved support sys...

On May 27, the state of Florida saw one of the largest real estate sales in cryptocurrency, as a Miami Beach ultra-exclusive luxury penthouse was sold for over $22 million. The penthouse located on the ninth floor of the 12-story building offers 5,067 square feet of space and a 2,960-square-foot terrace with oceanfront views. One of the Most Exclusive Luxury Homes in Miami Sells Entirely for Crypto Assets According to Arte by Antonio Citterio , a penthouse in Miami’s Surfside neighborhood has been sold to an anonymous buyer who paid for the property entirely in cryptocurrency. The sale was the largest real estate purchase with crypto assets in Florida’s history. Developers say that the penthouse is one of the most expensive properties in Miami in terms of price per square foot. The Surfside region in Miami made headlines in December 2020, when a penthouse sold for a whopping $33 million. This particular luxury condo sold for cryptocurrencies at $22.5 million was sold for $4,440.50...

Spain nears the final day for its citizens to file their tax statements, and this year cryptocurrency traders are in the sights of tax authorities. Any trader that has obtained revenue after selling cryptocurrencies must file taxes and pay a percentage of the operation. However, many new traders are still unsure of what needs to be done. Spain’s Tax Authority Prepares to Target Crypto Traders Spain is nearing the end of the period stipulated to file tax statements. This year, the tax authorities are especially focused on cryptocurrency traders due to the enormous growth of the industry. According to local reports, 7.5 million Spanish citizens have entered the world of cryptocurrencies. Not only that, but about 60% of them are using it as investment vehicles. According to Spanish law, any trade or cryptocurrency sale registered with revenue should be declared. Spanish citizens that fail to file their statements can be sanctioned with fines. While cryptocurrency tax duties weren’t i...

Major North American bitcoin mining firm Hut 8 Mining has been approved for listing on Nasdaq under the ticker symbol HUT. The company is also listed on the Toronto Stock Exchange (TSX). Hut 8 Mining Corp. announced Thursday that its common shares have been approved to list on the Nasdaq Global Select Market (Nasdaq) under the ticker symbol HUT. Nasdaq’s website explains that the global select market “has the highest initial listing standards of any exchange in the world.” Hut 8 Mining describes itself as “one of North America’s oldest and largest innovation-focused bitcoin miners.” It is incorporated under and governed by the Business Corporations Act of British Columbia. Most of the company’s directors and officers reside principally in Canada. The company is also listed on the Toronto Stock Exchange (TSX) under the symbol HUT. It was the first publicly traded bitcoin miner on the TSX exchange. Hut 8 says that its TSX listing will remain unchanged. The Hut 8 Mining shares are a...

The International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and effective regulatory measures are very important when dealing with them,” an IMF spokesperson cautioned. IMF Sees Issues With Bitcoin Being Legal Tender in El Salvador The International Monetary Fund (IMF) raised a number of economic and legal concerns Thursday regarding El Salvador making bitcoin a legal tender, with equal footing with the U.S. dollar. With the recent approval of the “Bitcoin Law” proposed by President Nayib Bukele, El Salvador has become the first country in the world to adopt bitcoin as legal tender. Gerry Rice, an IMF spokesman, said during a scheduled press briefing in Washington: Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis so we are following developments closely and...

The crypto market is busier than ever. More and more tokens and cryptocurrencies are flooding the exchanges and it’s getting difficult to recognize the best trading opportunities. The majority of tokens and altcoins available on the market fail to represent any real value. A new cryptocurrency that will soon be listed on the new CEX seems to have a solution to this problem. Continue reading to find out more about TecraCoin and have a look at the bigger picture of the ecosystem of Tecra. Bullish Run on Uniswap From the latest news, Tecra has added a liquidity pool on Uniswap , the market responded with a strong rise. After adding more funds to the pool, the price increased by about 150% within 3 days. Currently, the price is holding at $3 amid positive news, which might give the market a chance to continue growing. Listing on the new CEX can lead to the strong bullish trend on TCR soon. Tecra’s Innovation on the Crypto Market With the grant received from European Union, the compan...

On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi). State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi The financial services company State Street (NYSE: STT) offers a wide array of products like Investment management, securities lending, stock trading, and custodial banking services. In Q3 2020, data shows that State Street has around $3.15 trillion assets under management (AUM). On June 10, the company revealed it is stepping into the world of digital finance in a big way by launching a new division focused on innovative technologies. State Street’s announcement on Thursday reveals the financial institution plans to “expand to include crypto, central bank digital currency, blockchain, and tokenization.” The company also notes that it already operates the firm’s proprietary GlobalLink techno...

Reinhard Cate is committed to making a difference. Whether for his work colleagues, fellow parents, or migrants like his mother, he aims to always have a positive impact on other people’s lives.  That desire to make a difference is what led him to join Ripple as part of the marketing team in 2018. From day … Continued The post Striking a Work-Life Balance with Parents at Ripple appeared first on Ripple. http://dlvr.it/S1Ts9q

Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows the CBN’s recent decision to devalue naira from an exchange rate of 393 to the current one of just under 411 nairas for every dollar. Furthermore, the Nigerian lawmakers’ call for intervention comes just a few days after the currency marginally depreciated against the USD on the black market. At the time of writing, the naira sell rate on the black market was 502 to the dollar. Meanwhile, a report points to Salam reminding the CBN governor Godwin Emefiele of his earlier stance on currency devaluation. Before the naira’s devaluation in May 2021, Emefiele had repeatedly defended the country’s overvalued exchange rate. H...

U.S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. Warren also thinks cryptocurrencies are the “wild west” of investments and called for a regulatory crackdown on the industry. Some on social media were quick to bite back, however, pointing out Warren’s flawed logic and perceived hypocrisy. Senator Elizabeth Warren Takes on Bitcoin Senator Elizabeth Warren declared her opinion on bitcoin and other cryptocurrencies yesterday in a senate subcommittee hearing. The hearing , titled “Building a stronger Financial System: Opportunities of a central bank digital currency,” served as an opportunity to criticize Bitcoin’s energy consumption and its usage in criminal activities. Warren quickly stated how Bitcoin needed too much energy to settle even one transaction, stressing that: A singl...

OVR.ai is announcing a live and ongoing integration with Chainlink , the marketing-leading decentralized oracle network that provides smart contracts with secure and reliable off-chain data and computation. The current integration involves the use of Chainlink Verifiable Randomness Function (VRF) to fairly and transparently select a special grant fund winner from the list of participants taking part in the upcoming OVRLand Treasure Hunt. Additionally, the OVR team plans to leverage Chainlink oracles throughout the platform to connect the physical world to OVRLand’s digital metaverse, enabling a virtual experience that’s impacted by the real world. OVR is a decentralized platform for geolocalized Augmented Reality (AR) / Virtual Reality (VR) experiences, with a vision to merge the physical and the virtual world through AR. OVR allows users to build, host, and visualize AR/VR experiences that are customized to specific geographic locations. This is accomplished by OVR dividing the...

Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining Rigs Confiscated in Tehran As the government’s offensive against unauthorized crypto mining intensifies, authorities have discovered and seized more than 3,000 pieces of mining equipment, Iran’s power utility announced Wednesday. Over 500 devices have been confiscated in Tehran Province, where law enforcement officials have already shut down 183 illegal crypto farms with 11,000 mining units in the past fiscal year. Another 600 mining rigs have been found in Kerman Province, said the Iran Power Generation, Distribution and Transmission Company ( Tavanir ) quoted by the Financial Tribune. According to the Iranian business daily, illegal mining farms have been located also in the provinces of ...

Throughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem from Satoshi Nakamoto. However, even though estimates say Nakamoto mined over a million bitcoin, many other network participants mined millions of coins as well. 2010 Saw CPU and GPU Mining, Alongside Extremely Low Hashrate and Difficulty On June 9, 2021, an early miner sent 1,000 bitcoin (BTC) stemming from 20 block rewards from 2010 to a myriad of different addresses. Bitcoin.com News has caught this whale six times so far in 2021, spending 6,000 decade-old bitcoin. Further, our newsdesk caught the previous five strings before 2021, when 5,000 decade-old coins were spent in 2020. Ever since we published our investigations it has been assumed...

Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the latest round of crackdown on criminal groups providing cryptocurrency money laundering services for telecom fraudsters. Crackdown on Telecom Fraud Using Cryptocurrency for Money Laundering The Ministry of Public Security of the People’s Republic of China announced Wednesday that the fifth round of the “Broken Card” operation has been carried out. This has “Severely cracked down on illegal and criminal groups that provide virtual currency money laundering services for telecom fraud,” the ministry detailed, adding: More than 170 criminal gangs have been eliminated, more than 1,100 criminal suspects have been arrested. The criminal gangs used cryptocurrencies to transfer the funds involved in the case, the announcement notes. Police investigations have revealed that these criminal gangs usually work with “coin farmers” who help the fraudsters launder...

Synthetic assets open up several opportunities for investors by not confining them to a specific location. If the concept excites you, there’s good news from XCarnival . Recently, XCarnival announced it has secured a two-million US dollar seed investment in its quest to reinvent synthetic assets in crypto. This investment was led by top crypto funds including Fundamental Labs, Zonff Partners, SNZ, EVG, NGC, etc. At the same time, institutions like AU21, Incuba Alpha, DFG, WaterDrip, LD Capital, Gate, ChainCapital and Bitrise Capital. “We are very excited for the funding progress, which reflects the confidence from the investors in our project and our team,” said Leon Liu, founder of XCarnival, a crypto influencer, investor and one of the most influential community leaders in the Binance Smart Chain Chinese community. Being a next generation synthetic asset platform, XCarnival has been committed to building non-standard asset leasing, pawning, and lending businesses. At the same...