Category: Events
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Report: A bill to make digital currencies legal tender is being discussed in Macau
According to a report, Macau, one of China’s special administrative regions, recently finished debating a bill that would make digital currencies legal tender. A fine of between $123 and $1,230 may be imposed on those who refuse to accept legal tender, according to the report. Improving Macau’s Legal System An executive council of Macau, a…
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Pow.re, a bitcoin miner, starts building a mining facility in Paraguay and buys 3,600 Microbt ASICs
Pow.re Holdings Limited, a crypto mining company, claims that the company announced it had started building two new mining facilities in Asunción, Paraguay. The new data centers will control 12 MW of hydroelectric power, and the company has also purchased 3,600 Microbt Whatsminer mining rigs, which generate about 396 PH/s of hashrate each second. Pow.re…
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Google Cloud and Coinbase collaborate to accept cryptocurrency payments and advance Web3 innovation.
In order to advance Web3 innovation, Google Cloud and Coinbase have announced a partnership. This partnership includes using the cryptocurrency exchange to accept cryptocurrency payments. Coinbase CEO Brian Armstrong said, “We are thrilled Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide potent solutions to developers. Google…
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Binance opens a local office and registers in New Zealand
Similar steps toward global expansion by Binance have recently been taken, among others, in France, Italy, and Spain. Exchanging cryptocurrencies An email announcement states that Binance has established Binance New Zealand and registered as a financial service provider in New Zealand. The registration was submitted to the Ministry of Business, Innovation, and Employment (MBIE) of…
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Xtreme Token officially launched the XTR utility token in Bangkok, Thailand
PRESS RELEASE. Dubai-based firm Xtreme Token officially launched the XTR utility token on September 16 in Bangkok, Thailand. Xtreme Token (XTR) is a BEP-20 traded digital asset native to the Xtreme ecosystem. With the vision of not being limited to the real world, but directly connecting and communicating with the crypto world creating the most…
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Ethereum Developers Complete Merge Shadow Fork Successfully Without “Client Incompatibility Issues”
The Merge is anticipated to be implemented next week, or roughly four days from now, and Ethereum will switch from proof-of-work (PoW) to proof-of-stake (PoS). Before the Paris upgrade, the 13th and final shadow fork was successfully coded, according to Ethereum developers. Ethereum’s 13th and Last Shadow Fork Is Complete Social media was a hive…
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Financial behemoth State Street observes declining institutional investor demand for cryptocurrency.
State Street, an investment management company, claims that despite price declines, institutional clients continue to invest in crypto assets. According to a State Street executive, “there is a belief that the asset class is here to stay.” State Street on Institutional Demand for Crypto Despite market sell-offs, State Street, a top investment management company,…
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Non-Transferable NFTs are given to local governments as rewards in Japan.
According to reports, the Japanese government is one of the first governments to award non-fungible tokens (NFTs) to local governments that excelled in a digitization competition as an additional prize. Local governments received the honors as a thank you for their efforts in utilizing digital technology to address local issues. Issuing and Distributing NFTs via…