Bitcoin News Feed
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Ghana’s Vice President Says His Government Aims to Become the First to Be Powered by Blockchain
Bitcoin News - 14 May 2024, 11:20 amThe Ghanaian government’s next phase in its digitalization drive is set to be the adoption of blockchain technology, according to the country’s vice president. He stated that his administration aims to become one of the few governments worldwide powered by blockchain, and the first in Africa. A Blockchain-Powered Government The…Read More
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How DLCs Can Enable Defi Deposits and Fulfill Bitcoin’s Promise
Bitcoin News - 14 May 2024, 8:26 amBitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs) are poised to change that by allowing users in the…Read More
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Coinshares Reports Its Most Successful Quarter Ever in Q1
Bitcoin News - 14 May 2024, 7:19 amCoinshares International Limited, a European investment company specializing in digital assets, has announced its Q1 2024 results, marking the most successful quarter in the company’s history. The company reported a 216% year-over-year (YoY) increase in revenue, gains, and other income, and an over 4x YoY increase in adjusted EBITDA. Total…Read More
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Okx Launches in Australia With Comprehensive Crypto Services
Bitcoin News - 14 May 2024, 6:09 amGlobal crypto exchange and Web3 technology company, Okx, has officially launched its services in Australia. The platform now offers spot trading for all users and derivatives trading for verified wholesale clients. Users can deposit and withdraw AUD via most Australian banks and have access to express buy/sell, P2P, convert functions,…Read More
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Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack
Bitcoin News - 14 May 2024, 6:07 amCertik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in enhancing Web3 security standards. Wormhole, a project enabling token and data transfers between blockchain networks…Read More
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Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike
Bitcoin News - 14 May 2024, 5:20 amBased on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an increase in capital gains taxes from…Read More
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Coinbase Faces System Wide Outage, Affirms Funds Are Safe
Bitcoin News - 14 May 2024, 5:06 amCoinbase, one of the largest U.S.-based cryptocurrency exchanges, reported a system-wide outage in its services, affecting customers’ crypto operations. On its status site, Coinbase stated that it was aware that “some users may experience failures when sending crypto or withdrawing fiat,” and declared it was working to fix this issue.…Read More
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Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments
Bitcoin News - 14 May 2024, 3:19 amRussian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on those misusing electricity. Proposed Measures Aimed at Curbing Rising Power Outage Cases Authorities in Russia have signaled…Read More
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Latam Powerhouse Crypto Exchange Bitso Launches Web3 Wallet
Bitcoin News - 14 May 2024, 1:15 amBitso, the Mexico-based, Latam-focused cryptocurrency exchange, recently launched its own Web3 wallet, targeting the decentralized finance (defi) ecosystem. The idea behind this new product is to ease the onboarding of Bitso’s customers into this landscape, allowing them to dabble in non-fungible tokens (NFTs), decentralized exchange, and other services from a…Read More
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Binance Kazakhstan Secures ISO Certifications for Security and Privacy
Bitcoin News - 14 May 2024, 12:14 amBinance Kazakhstan has been awarded the ISO 27001 and ISO 27701 certifications, marking significant recognition for its robust information security and privacy management systems. These certifications, issued by the British Standards Institution after a thorough audit, affirm Binance’s compliance with the highest industry standards. The achievement emphasizes the platform’s dedication…Read More