Genesis mining will use heat from BTC mining to heat greenhouses

Cryptocurrency NewsBy 17/12/2020

Mining company Genesis Mining has announced the launch of a pilot project to use surplus energy from bitcoin mining to heat greenhouses in the Swedish city of Buden. Genesis Mining has created special mining containers that will connect to the greenhouses through a ventilation system used to transfer excess energy. According to calculations carried out at the Luleå Technical University, a 550 kW container will be enough to heat a greenhouse of 300 square meters.…

Estonia revoked over 1,000 licenses from cryptocurrency companies in 2020

Cryptocurrency NewsBy 16/12/2020

This year, the Estonian authorities revoked the licenses of more than 1,000 cryptocurrency firms amid tightening oversight of the cryptocurrency industry and the fight against money laundering. The Estonian Ministry of Finance announced that the Financial Intelligence Agency has revoked licenses from more than 1,000 cryptocurrency companies since the beginning of the year. The statement followed a meeting of the State Commission on Combating Money Laundering, which discussed issues related to the regulation of cryptocurrency…

Binance Starts Shipping Binance Card Debit Cards To Eurozone

Cryptocurrency NewsBy 16/12/2020

Binance cryptocurrency exchange announced the start of delivery of the Binance Visa Card to the European Economic Area (EEA) and support for the ETH cryptocurrency. Eurozone users will start receiving their cards soon, according to Binance’s announcement. To do this, they need to complete the ordering procedure. The daily spending limit for a physical Binance Visa Card is € 8,700, and no more than € 290 can be withdrawn from ATMs per day. Card users…

Banxa payment service will be listed on TSX Venture Exchange

Cryptocurrency NewsBy 15/12/2020

Australia-based digital payments infrastructure provider Banxa plans to be listed on the Canadian TSX Venture Exchange later this month. Banxa’s shares will be listed on the TSX Venture Exchange on December 25, with a market cap of nearly $ 50 million. This listing will be the first in the world for this type of cryptocurrency company. TSX Venture Exchange is a Canadian public venture capital market for emerging companies. It is operated by the TMX…

Finnish Customs and Europol shut down Sipulimarket darknet market and confiscate assets

Cryptocurrency NewsBy 15/12/2020

The large darknet market Sipulimarket has been closed and its assets have been confiscated by Finnish customs in cooperation with Europol and the Polish police. Europol and the Finnish Customs Service said last week that they “closed the darknet market Sipulimarket and confiscated all its content.” The operation was carried out in close cooperation with the Polish Police Office in Wroclaw, Europol’s European Cybercrime Center and Eurojust. “The Finnish Customs confiscated the web server and…

Sweden prepares to move to digital crown in 2022

Cryptocurrency NewsBy 14/12/2020

The Swedish government is preparing to go digital. The authorities plan to complete studies related to the release of the state cryptocurrency by the end of 2022. This was stated by the Minister of Finance of Sweden Per Bolund (Per Bolund), adding that by this time the government will provide a detailed report on its research and developments. To date, the authorities are still studying how to safely transfer the country’s payment infrastructure to digital…

US IRS adds cryptocurrency clause to main tax reporting form

Cryptocurrency NewsBy 14/12/2020

The IRS added a clause on cryptocurrencies to the main body of Form 1040. Previously, the question of ownership of cryptoassets was in Appendix 1, which was not filled out by all taxpayers. The IRS has moved the issue of ownership of cryptocurrencies to the main body of Form 1040, which is filled out by most taxpayers in the country. Now the question “During 2020, did you receive, sell or otherwise acquire financial interest in…

SpaceChain has received £ 440,000 for the development of a decentralized satellite infrastructure

Cryptocurrency NewsBy 11/12/2020

SpaceChain has received a £ 440,000 grant to develop a decentralized satellite infrastructure as part of the European Scientific Cooperation Agency EUREKA’s Globalstars initiative. In addition to the British project SpaceChain, Addvalue Innovation and Alba Orbital will participate in research and development. SpaceChain said it will use the funds to create a blockchain-based system that will display data from satellites in real time. The LEO satellite network is “democratizing” the emerging space industry, giving more…

Bitwise cryptocurrency index fund entered the OTC market

Cryptocurrency NewsBy 11/12/2020

Bitwise Asset Management, a crypto asset management company, has opened access to the purchase of shares of the Bitwise 10 Crypto Index Fund through the OTC Markets Group. Previously, it was only possible to buy shares of the fund directly from Bitwise and at par. However, any investors now have access to trading index fund shares through their brokerage accounts. The fund is traded on the OTC Markets Group platform under the symbol BITW and…

France may tighten regulation of the cryptocurrency industry

Cryptocurrency NewsBy 10/12/2020

The French Ministry of Finance has prepared a package of documents tightening the regulation and requirements for user identification (KYC) for cryptocurrency platforms. In addition to tightening KYC requirements, the resolution proposes to ensure regulation of all cryptocurrency transactions, even without the participation of fiat currencies. The French cryptocurrency association ADAN has been granted access to the document as a “trusted participant” in issues related to digital assets. According to ADAN President Simon Polrot, the…

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