The head of the New York City Hall, Eric Adams, said that he would convert his first salary in this post, which the official is waiting for the other day, into bitcoin and ethereum. Eric Adams took office as Mayor of New York on January 1, 2022. In November, Adams said he was ready to receive his first three salaries in bitcoin. However, under Department of Labor regulations, U.S. citizens cannot receive digital assets as…
MicroStrategy was forced to remove data on investments in cryptocurrencies from the financial statements at the request of the SEC. The regulator justified this by the volatility of bitcoin. MicroStrategy posted a net loss of $36.1 million in its Q3 financial statement ending September 30, 2021. However, the addition of share-based compensation expenses and the drop in cryptocurrencies resulted in the company’s unofficial non-GAAP earnings ), rose to 18.6 million. MicroStrategy has told the Securities…
According to Bloomberg, Google is forming a new team that will develop blockchain and “related technologies”. The group will be led by Shivakumar Venkatamaran. Bloomberg reports that Shivakumar Venkatamaran previously served as vice president of technology at Alphabet Inc. The group will focus on blockchain and other “next-generation technologies for distributed computing and data storage.” The team will be part of a division that develops in the field of virtual and augmented reality. As one…
Cryptocurrency exchange Bybit announced the launch of a platform for “first-class NFT projects”, where it plans to attract well-known brands and world celebrities. The NFT Marketplace platform, according to Bybit, will have to be different from existing sites that trade non-fungible tokens. Customers do not need to connect external wallets – they can use their existing Bybit accounts to purchase NFTs. In addition, the site promises to support NFTs based on different blockchains. Blockchain game…
The UK Treasury Secretary said that advertising of cryptocurrencies should be controlled by the FCA or the Bank of England and comply with the standards that apply to insurance products. UK Treasury Secretary Rishi Sunak has taken the initiative to ban the uncontrolled distribution of cryptocurrency advertising. According to him, more than 2.3 million Britons already own crypto assets, but they have become less understanding due to misleading ads. The minister said that he increasingly…
According to Cornerstone Research, since 2013, the SEC has filed 97 lawsuits against participants in the cryptocurrency industry, 20 of them occurred in 2021. The total amount of fines amounted to $2.35 billion. According to an updated report by Cornerstone Research, last year the U.S. Securities and Exchange Commission (SEC) filed 14 lawsuits in U.S. federal courts and initiated 6 administrative proceedings regarding cryptocurrency projects. 70% of these enforcement actions were related to Initial Coin…
Rhodium Enterprises filed with the US Securities and Exchange Commission (SEC) for an initial public offering on January 13th. This will be the first IPO of a cryptocurrency company in 2022. Rhodium plans to issue 7.69 million shares at $12-14 each, the statement said. Under the Nasdaq ticker RHDM, the company will issue 56.8 million Class A shares and 67.5 million Class B shares for a total of $1.7 billion. Rhodium Enterprises is a mining…
Intel Corporation is preparing to release its own energy-efficient chip for bitcoin mining called Bonanza Mine. The chip will be presented in February at the ISSCC conference. Tom’s Hardware got access to Intel’s presentation schedule at the ISSCC conference. On February 23, the company will unveil the Bonanza Mine chip, which is described as an “Energy Efficient Bitcoin Mining ASIC Chip with Extremely Low Voltage.” “Intel has been designing ASIC chips for the SHA-256 algorithm…
The head of the Bank of Israel project to launch the digital shekel, Yoava Soffer, as part of the program to launch the digital currency of the Central Bank, announced the continuation of the study of cryptocurrencies. Yoav Soffer, responsible for the launch of the state digital currency of the Bank of Israel, said that Israel is expanding its research into digital currencies of the Central Bank. As part of this initiative, the regulator’s unit…
The analytical company Grand View Research believes that one of the growth factors for the crypto ATM market will be the trend of consolidation of ATM manufacturers and crypto ATM operators. Grand View Research released a report stating that the cumulative value of crypto ATMs worldwide reached $75.01 million in 2021. The authors of the report predict that the compound annual growth rate will increase by 59.2% in the next six years and by 2028…
