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2024-03-04 11:10:00 Bitdeer develops 4nm bitcoin mining chip for upcoming rig

Singapore-headquartered bitcoin mining firm Bitdeer Technologies, founded by Jihan Wu, has “successfully tested” a self-designed bitcoin mining chip that will be used in its upcoming mining rig, the Sealminer A1, the company said. The Nasdaq-listed firm announced on X on Monday that its first crypto mining chip, the SEAL01 was designed with the 4-nanometer process technology from a semiconductor fabricator.

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2024-03-03 22:35:01 “Bitcoin is Becoming an Alternative Global Currency”: Bloomberg Strategist

Bitcoin, the world’s most prominent digital asset, is steadily “becoming an alternative currency on a global basis”, according to Bloomberg strategist Mike McGlone. In a series of recent analyses, McGlone has highlighted key factors contributing to bitcoin’s surge towards the $70,000 mark, while also shedding light on its growing acceptance and role in the global financial landscape.

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2024-03-03 10:55:55 Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline

In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month.

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2024-03-02 22:20:38 Indonesia mulling changes to dual taxation on crypto: Report

Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has reportedly asked the nation’s Ministry of Finance to assess its stance on cryptocurrency taxation. According to a recent local report, executive staff members at Bappebti have requested to reassess the government-imposed value-added tax (VAT) of 0.11% on each crypto transaction in Indonesia, as well as the 0.1% income tax on crypto.

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2024-03-01 21:01:55 Coinbase sees massive $1 billion Bitcoin withdrawal

The event, occurring on Mar. 1 during Asia trading hours, involved a transaction of approximately 16,000 BTC, or roughly $1 billion. Confirmations from multiple platforms, including Santiment, Arkham, and Coinglass, have validated this information. According to data from Santiment, Coinbase saw a significant drop in holdings, falling from approximately 398k to 381k BTC. Coinglass, another digital asset monitoring platform, echoed these findings, confirming the departure of 16k BTC from the exchange.

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2024-02-29 21:12:01 Coinbase Adds 'Smart Wallet' Feature, So Lengthy Seed Phrases Aren't Needed

Coinbase, the publicly traded U.S. cryptocurrency exchange, is coming out with two new wallet solutions that are supposed to make the onboarding of new users into crypto easier. The features, known as their smart wallet and embedded wallets, aim to overcome hurdles that often come with the clunky user experience when creating crypto wallets.

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2024-02-29 12:21:03 Binance drops Nigerian naira from P2P platform amid forex manipulation concerns

Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer platform, according to CryptoSlate sources. Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. The Binance employees had traveled to Nigeria to resolve the country’s ban on crypto exchange websites.

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2024-02-28 23:50:24 BTC Rejected Off $64,000 As Crypto Market Suffers $600 Million Of Liquidations

Bitcoin’s price is nearing its all-time high, and its volatility has left thousands of traders destroyed. The price of Bitcoin (BTC) experienced massive volatility on Wednesday, soaring to nearly $64,000 before sinking again to $60,500 within one hour. Amid the chaos, crypto traders have experienced $638 million in liquidation over the past 24 hours, including $391 million of liquidations in the past 4 hours alone.

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2024-02-28 12:36:14 Hong Kong to roll out regulatory sandbox for stablecoin issuers, says financial secretary

The Hong Kong Monetary Authority plans to introduce a regulatory sandbox for stablecoin issuers in the near future, the city’s financial secretary, Paul Chan, said during the 2024 budget announcement on Wednesday. Chan stated in the announcement that the sandbox is designed to enable companies to test stablecoin initiatives, explore business models, and implement investor protection and risk management strategies in a controlled environment.

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