The existing financial system has a lot to offer, but not everyone has access to it and sometimes its effectiveness leaves much to be desired. The DeFi industry is gaining more and more popularity. Decentralized finance (DeFi) opens up access to financial services for people around the world. DeFi mitigates the risks of losing hard-earned money due to financial institutions’ risk-taking, error, and fraud. In addition, people can avoid the problems that come with the

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.

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 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 The daily spending limit for a physical Binance Visa Card is € 8,700, and no more than € 290 can be withdrawn from ATMs per day.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

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

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

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

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 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 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