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2022-10-10 05:26:02 TRON Chosen As Dominica’s National Blockchain

TRON protocol has signed a key deal with the Government of Dominica to be its designated national blockchain infrastructure, according to a press release. The cooperation was established following the Caribbean island nation’s approval of Virtual Asset Business legislation in May 2022. To support Dominica’s efforts to raise awareness of its natural heritage and tourist.

TRON has received the government’s approval to launch Dominica Coin [DMC], a blockchain-based fan token, in accordance with the P.A. Speaking on the historic deal, Prime Minister Roosevelt Skerrit stated, “The open and cost-effective nature of the TRON blockchain infrastructure will play a vital role in better integrating Small Island Developing States like Dominica into the global economy in the future.”. Tron Founder turned Permanent Representative of Grenada Justin Sun, went to the Milken Institute Asia meeting in 2022.

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2022-10-09 06:10:05 Ethereum Fork ETHW Is Already Down 86% From Its All-Time High

The price of the coin is down 31% for the week—and a remarkable 86% from its all-time high of $58.54 on September 3, according to CoinGecko. Ethereum blockchain did away with mining and completed its long-anticipated transition to proof of stake in mid-September, miners launched a competing fork called EthereumPoW.

Mining is the process by which blocks of transactions are added to a public blockchain and verified. Miners sustain and audit the blockchain network that supports the cryptocurrency. When miners complete a block, they are rewarded with cryptocurrency. The hype around the Ethereum merge, which finalized the network's move to proof of stake, pushed the price of Ethereum-related coins higher, including the native cryptocurrency of OG blockchain Ethereum Classic.

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2022-10-08 05:44:02 Binance CEO says there's pain and risk in the bear market, but also opportunity: Bloomberg

Binance could spend over $1 billion on investment deals by the end of the year.Despite the market downturn, the exchange could spend a significant amount of cash on investments in the next three months, exchange CEO Changpeng Zhao told Bloomberg in an interview.

Beyond these investments, Binance has made investments in 67 projects, with a total investment of $325 million. Binance's VC arm has invested in various projects, including multiple investment in Aptos, the company founded by ex-Meta employees. When asked about acquiring crypto lenders, Zhao said: “Many of them, they just take a user’s money and give it to somebody else. On Thursday, an attempted hack almost drained $560 million in BNB tokens from the BSC Token Hub.

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2022-10-07 06:28:02 Controversial Bitcoin Miner Greenidge Generation Looks to Raise $22.8 Million

Controversial crypto miner Greenidge Generation is looking to raise up to $22.8 million as part of a Class A common stock offer. As per the company’s SEC filing, the new capital will be used for “paying or refinancing all or a portion of our indebtedness at the time, and funding acquisitions, capital expenditures, and working capital.”

The New York-based miner has entered into a sales agreement with crypto-focused investment bank B. Riley Securities, which will see it take 5% of the sale as commission. The call for investment also coincides with an upheaval in the economics of Bitcoin mining, which has changed dramatically since the asset’s peak in value. Greenidge reported net losses of $107.9 million in its second quarter and also scaled back plans to expand into Texas in August 2022.

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2022-10-06 12:30:27 Coinbase 'Very Supportive' of Giving CFTC Exclusive Jurisdiction Over Bitcoin, Ethereum

Talk of crypto policy in the U.S. tends to revolve around rumblings from the Securities and Exchange Commission and taxes. But there are two bills in Congress that have largely flown under the radar, at least for people outside the policy wonk crowd. They would decisively give the Commodities Futures Trading Commission more power.

The CFTC already shares regulatory oversight of derivative products, like futures, with the SEC. Futures are a type of investment product that allows traders to bet on whether an asset’s price will go up or down at a later date. And they’ve become increasingly popular with crypto investors. In fact, crypto exchanges Crypto.com, Coinbase, and FTX have all been vocal each time they acquired companies with existing CFTC licenses. The distinction between spot and futures trading.

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2022-10-05 06:41:02 EU policymakers vote to modernize tax with blockchain technology

The European Parliament voted in favor of a resolution that acts as a crypto-focused double whammy — tackling both tax evasion through crypto-assets and streamlining rules for their taxation.The resolution tries to identify what makes a taxable event, and suggests that the conversion from crypto to fiat currency is the most viable option.

Additionally, the exchange of taxpayer information by cross-national tax administration will need to include information on crypto-assets. However, the policy also calls for a “simplified tax treatment” for smaller transactions. Blockchain technology is also pushed forward as an instrument for tax collection, identifying the technology’s potential to “automate tax collection, limit corruption and better identify ownership of tangible and intangible assets allowing for better taxing mobile taxpayers,” according to the European Parliament’s release.

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2022-10-04 06:28:02 Flashbots now accounts for 39% of Ethereum blocks as censorship concerns rise

Ethereum infrastructure service Flashbots is currently being used to create 39% of Ethereum blocks, even though it continues to censor transactions from sanctioned crypto mixing service Tornado Cash. Flashbots is a service that proposes blocks for validators running the Ethereum blockchain.

According to Flashbots’ Transparency Dashboard, 39% of all Ethereum blocks are using Flashbots — including those proposed by other relays offering a similar service, or ones that haven't used a relay service. This is up from 12% on September 15. The adoption of Flashbots has been rising because of its superior profitability. The service offers an average payout per block of 0.12 ETH ($147) to validators, compared to an average of 0.036 ETH.

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2022-10-03 06:03:02 Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Crypto mining enterprises operating in Kazakhstan will be able to rely on electricity produced in neighboring Russia to power their energy-hungry hardware. To allow that, the two partnering nations will amend a bilateral agreement governing the coordinated operation of their energy systems.

The government in Moscow has already ordered the necessary changes and begun preparations to organize the supply of power for Kazakhstan’s crypto mining sector, the crypto news page of the Russian business information portal RBC unveiled. In accordance with the new arrangements, Inter RAO, which holds monopoly on the export and import of electricity in Russia, will be able to sell in Kazakhstan under contracts concluded on commercial terms directly with the mining firms working there.

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2022-10-02 09:38:02 SEC Must Turn Over Emails About Ethereum—But It Won’t Help Ripple, Lawyers Say

Ripple notched another procedural victory late this week in its ongoing legal battle with the Securities and Exchange Commission, which sued the crypto payments firm in 2020 for the unregistered sale of $1.3 billion worth of XRP—a cryptocurrency originally created by Ripple's founders.

On Thursday, a federal district judge overruled the SEC’s repeated attempts to prevent Ripple from accessing internal SEC emails pertaining to a key speech on the regulatory status of competing cryptocurrency Ethereum. Ripple believes the emails will help its case and shed light on the ways in which the SEC has “picked two winners” in the crypto space, Bitcoin and Ethereum, while shunning the rest. A magistrate judge previously granted Ripple access to those emails.

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2022-10-01 06:13:02 BitMEX CEO Discusses Keeping up With the Competition and the Future of Crypto

BitMEX CEO Alexander Höptner discusses his tenure to date and how the company has expanded its product portfolio. Höptner, who assumed leadership from BitMEX managers after former CEO Arthur Hayes stepped down in 2022, has diversified the business into more than a destination for perpetual swaps.

Speaking at Token2049, a premier Web3 event in Singapore, Höptner said that the company had weathered the bear market by building out its spot and mobile trading capabilities and ensuring that it continues its track record of being a stable and cyber-secure crypto business for its primarily pro customer base. The Swiss registration means that the company satisfies anti-money laundering and Know-Your-Customer (AML/KYC) rules.

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