Cryptocurrency Update: Week of June 14, 2021
I monitor news, currency movements, and patents related to cryptocurrency daily. If you would like more information visit me at joygoudie.tech.
A former New York Stock Exchange floor broker accused by federal prosecutors of raising $35 million via a bogus cryptocurrency trading desk is likely to enter into an agreement to plead guilty, lawyers told a Manhattan federal judge Tuesday.
Delivered by Newstex) https://bmmagazine.co.uk/news/british-brand-zumo-joins-world-wide-pledge-to-de-carbonise-the-crypto-industry/Another giant move for crypto currencies as Scottish crypto currency wallet Zumo announced as signatory to the global crypto climate accord. …… sector-led initiative for the entire crypto community focused on decarbonising the cryptocurrency industry. …… Supporter. Zumo, a decentralised finance platform that makes regular money and cryptocurrency work seamlessly together, announced its key Signatory status of the Crypto …… giant move for crypto currencies as Scottish crypto currency wallet Zumo announced as signatory to the global crypto climate accord. …… sector-led initiative for the entire crypto community focused on decarbonising the cryptocurrency industry. Crypto Climate Accord Signatories are crypto market participants that make …
The Daily Telegraph (London) , BUSINESS ; Pg. 8
… to own its own renewable energy supply; and Zumo, an Edinburgh-based cryptocurrency payment platform. “Climate change is a reality and we need to …… only set to grow. Since Bitcoin was created in 2009, the cryptocurrency market has surged to $1.3 trillion (£920bn). The price of Bitcoin …… on principles of decentralisation. Elon Musk, the billionaire Tesla boss and cryptocurrency enthusiast, threw the issue into the spotlight last month after he …… The scramble by criminals to secure illegal power supplies for their cryptocurrency efforts highlights a key challenge for this boom – it consumes …… using electricity from his on-site anaerobic digester to power computers mining crypto currency . Anaerobic digestion works by decomposing cow manure to create a …… Riddett recalls spending hours on YouTube figuring out the intricacies of cryptocurrency mining before setting up his Easy Crypto Hunter business.
The Examiner (Washington, DC) , NEWS ,
… for $41 million to expand anti-cybercrime efforts and $32 million for cryptocurrency-related enforcement operations and additional tax information reporting for businesses that receive cryptocurrency that has a fair market value of over $10 million. …… Most cryptocurrency transactions are pseudoanonymous because they obscure the identity of those trading …… transactions, the Treasury Department has noted, but a huge increase in cryptocurrency investing in the past year suggests digital coin use could become …… called for requiring all transfers of more than $10,000 worth of cryptocurrency to be reported to the IRS as part of the Biden …… to being hidden and difficult for the IRS to track.
… province of Qinghai and a district in neighboring Xinjiang have ordered cryptocurrency mining projects to close. Inner Mongolia has unveiled measures to root …… China’s cryptocurrency -mining crackdown spreads to Yunnan in southwest In this file photo …… Nanu Berk)
Governance, Risk & Compliance Monitor Worldwide ,
… In November 2019, global cryptocurrency exchange and blockchain ecosystem Binance announced its acquisition of WazirX. The …… be integrated into the Binance Fiat Gateway platform itself, bringing easy cryptocurrency access to over a billion people. India has currently not regulated the crypto currency industry even as the platforms have seen an exponential rise in users during the pandemic. An earlier cryptocurrency ban proposed by RBI was set aside by the Supreme Court …… “It was found that WazirX Clients could transfer ‘valuable’ crypto-currencies to any person irrespective of its location and nationality without any …… laundering/ other illegitimate activities,” the ED said.
TVEyes – BBC Radio 4 , U.K. NATIONAL RADIO ,
… computers called rigs to do the work needed to mine new crypto-currency in this case theory time of speaking worth a mere 1900 …… miner meant having a pick axe and going underground to mine crypto-currencies . You just need electricity and a couple of small hydroelectric …… tells me a lot of scepticism. Some environmental concerns concerns that cryptocurrency can provide an income for the long term but it’s a …… energy project viable but if renewable electricity is used to mine cryptocurrency . The electricity can’t be used rather things like powering an …… heating a home of course some like Josh will argue the cryptocurrency is an important and useful thing in its own right, but …… the digit Connor missed blog, which tracks the energy consumed by crypto-currencies . If you look at Bitcoin it can process only 7 …… is no qualms about some of his electricity going to power crypto-currency mining nor it seems to some of his colleagues, as have …