Crypto News

Canaan’s net revenues reached $167.5 million in Q2 of 2021.

Crypto mining hardware manufacturer and computing solutions provider Canaan recently released its unaudited financial results for the second quarter ended 30 June 2021. The company's net revenues reached $167.5 million in the latest quarter, the highest in the company's operating history....

Crypto fan stand-up comedian Norm Macdonald dies at 61 from cancer.

Canadian-born stand-comedian Norm Macdonald passed away at the age of 61. Cryptocurrency fan Norm battled cancer for almost a decade in private. The comedy genius had tweeted several times about cryptocurrency and encouraged people to get educated about the...

Bitwise is seeking to launch a bitcoin futures ETF.

Crypto asset manager Bitwise is seeking to launch an exchange-traded fund (ETF) tied to cash-settled Bitcoin futures contracts, adding its name to a growing list of hopefuls for this type of investment vehicle. ETFs are investment products that track...

Africa sees a significant rise in crypto adoption.

Global cryptocurrency adoption is on the rise. Emerging economies across Asia have seen a significant jump in the overall users of digital currencies over the last few months. But, the content of Africa is becoming an exciting and dynamic...

New York government employee arrested over illegal crypto mining.

A veteran government employee has been arrested on charges of illegally engaging in crypto mining using work equipment. The man allegedly cost the New York State government up to $6,000 over his activities and could be jailed for as...

US lawmakers introduce new crypto tax plan regulations.

US House Democratic released a proposal on Sept 13 to the ominous tax infrastructure bill, which could raise billions of dollars but restrict investors. Included in the $2 trillion in tax hikes is the proposal, which adds commodities, currencies, and digital...

A new regulatory overhaul could put at least 40 crypto exchanges out of business in South Korea.

A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). The...

Argentina’s central bank head says they are closely watching cryptocurrencies.

The head of Argentina's central bank revealed that the bank is closely observing cryptocurrencies. He has no issue with those that choose to accept them for payments. He criticized digital currencies for their volatility, lack of legal tender status,...

U.S. Treasury Department officials discuss stablecoins with the financial industry’s top players.

According to a report, the meetings come on the heels of a "rapidly expanding cryptocurrency market which exceeded a record $2 trillion in April." This rapid growth of both cryptocurrencies and stablecoins has reportedly alarmed policymakers in Washington. It has...

El Salvador government will exempt foreign investors from taxes on bitcoin profits.

The government of El Salvador has announced that foreign investors will be exempt from taxes on bitcoin profits. A government adviser disclosed the information on Sept 10, which is a development that further incentivizes entrepreneurs and investors to enter the nation....

Latest News

Canaan’s net revenues reached $167.5 million in Q2 of 2021.

Crypto mining hardware manufacturer and computing solutions provider Canaan recently released its unaudited financial results for the second quarter ended 30...