Turkish Exchange Thodex stopped working after the flight of the founder

Cryptocurrency NewsBy 23/04/2021

The Thodex cryptocurrency exchange has ceased trading without prior notice. The money of about 391,000 active traders of the site is not available for withdrawal, and the founder of the exchange left Turkey. Yesterday in the morning on the official Twitter of the Thodex exchange there was a statement about the receipt of “external investments”, which required the suspension of trading for 4-5 days. However, users of the exchange are afraid of fraud and a…

Cuba has included cryptocurrencies in the economic development program

Cryptocurrency NewsBy 23/04/2021

The Cuban government has included digital assets in the government’s economic stimulus program for the next five years. This could mitigate the negative effect of US sanctions on the country. A few days ago, Cuban President Miguel Díaz-Canel took over as First Secretary of the Central Committee of the Cuban Communist Party. After that, the Cuban government accepted the party’s proposal to include cryptocurrencies in the country’s economic and social policy guidelines, which should be…

Uniswap is testing smart contracts of the new version of the protocol

Cryptocurrency NewsBy 22/04/2021

Uniswap decentralized exchange is approaching the third version of the protocol and has successfully deployed Uniswap V3 smart contracts across all Ethereum testnets. This week, Uniswap Labs confirmed that Uniswap V3 protocol smart contracts are deployed across all major Ethereum testnets: Ropsten, Rinkeby, Kovan, and Goerli. Testnet smart contract addresses have been posted on Github. At the same time, the Uniswap developers reminded users that the addresses are not final and will be changed as…

Norwegian Tax Authority warned cryptocurrency traders about the need to pay taxes

Cryptocurrency NewsBy 22/04/2021

The Norwegian tax administration issued a warning to cryptocurrency traders and called for filing a declaration of income related to cryptocurrency transactions by April 30. According to a notice from the Norwegian Tax Administration, the government agency recommends all taxpayers who owned or sold cryptocurrency in 2020 to include this information on their tax returns, otherwise they “risk paying additional tax.” The IRS said that only about 2% of cryptocurrency holders in Norway disclosed cryptoasset…

API3 Oracular Network and Open Banking Project Will Create a Bridge Between Banks and DeFi

Cryptocurrency NewsBy 21/04/2021

Data Provider API3 and Open Banking Platform have entered into a 10-year partnership to connect banks to the blockchain via API and leverage banking data in DeFi and Web 3.0. API3 co-founder Heikki Vanttinen said API3 and Open Banking have entered into a 10-year agreement. This partnership will bring together the “disparate” worlds of centralized and decentralized finance (DeFi). Vanttinen explained that banks will be able to work with Web 3.0 developers to explore options…

Miners of Chinese cryptocurrency Chia are buying up all available SSDs

Cryptocurrency NewsBy 21/04/2021

Miners of the new Chinese cryptocurrency Chia, which should become the “best bitcoin”, are buying up all available SSD-drives in order to mine the coin. This caused a shortage of SSD drives in Asia. In Southeast Asia, a frenzied demand for fast and capacious SSDs began. Thus, in Hong Kong, prices for SSDs ranging from 4 TB to 16 TB increased by $ 25- $ 75. Chinese SSD maker Jiahe Jinwei has revealed that all…

Bitfarms will build a 210 MW mining center in Argentina

Cryptocurrency NewsBy 21/04/2021

Mining company Bitfarms has signed a contract with an Argentina electricity supplier to consume up to 210 MW of electricity for its new mining facility. According to Bitfarms, the company entered into an eight-year contract with a private Argentine electricity producer at a cost of $ 0.022 per kWh for electricity for the first four years. Last October, Bitfarms signed a memorandum of understanding to establish a 60 MW BTC mining center in Argentina. The…

Venmo payment service added support for four cryptocurrencies

Cryptocurrency NewsBy 21/04/2021

The mobile payment service Venmo, owned by PayPal, has added a direct buy and sell feature for four cryptocurrencies: BTC, ETH, LTC and BCH. Over the next few weeks, more than 70 million Venmo users will be able to purchase, store and sell these cryptoassets through the service’s app. The minimum purchase amount for cryptocurrencies is $ 1. To do this, customers will be able to use money from their Venmo balance linked to their…

Bitcoin Developers included activation code for Taproot update in Bitcoin Core

Cryptocurrency NewsBy 19/04/2021

The activation code for the Taproot and Schnorr Signatures Update – Speedy Trial – has been included in Bitcoin Core. The first phase of the update activation is scheduled for May. Bitcoin Core developers Fanquake and Marco Falke added two pull requests to the client code created by AJ Townes and Andrew Chow. Now that the Speedy Trial has been merged with the Bitcoin Core source code, the Taproot update is ready for the first…

Flare Network Developers will launch EVM compatible blockchain in June

Cryptocurrency NewsBy 19/04/2021

The Flare mainnet launch will take place in late June, after months of testing the technology on a testnet. The Ethereum virtual machine (EVM) will be integrated into the network and support for smart contracts will be added. According to the official statement from the Flare Networks development team, there are 5-6 weeks before the start of the main Flare network. The distribution of the FLR cryptoasset will take place from mid-June to mid-July. The…

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