Holding North American Bitcoin miner equity is an opportunity for those looking for indirect Bitcoin exposure in the public markets, said the Deep Dive, Bitcoin Magazine’s premium markets newsletter. Because of average year-to-date returns for the top-four North American Bitcoin miners are up to 140% versus Bitcoin price returns of 49%. Of the top-four publicly…

Facebook has big plans for expanding in the world of financial services. Its upcoming digital wallet, Novi, will be built upon the still-pending stablecoin Diem to supplant established players like PayPal in the process. The social network’s Novi division will be “a next-generation digital wallet” built upon cryptocurrency that will be nothing short of a…

The study of Fidelity has shown an increased appetite of institutional investors for Bitcoin and crypto, while a lack of understanding still is a barrier for wider adoption. The 2021 Institutional Investor Digital Assets Study published by Fidelity Digital Assets tracked institutional investor’s behavior amid the uneasy situation on traditional markets in the past year….

Over 310,000 ETH worth over $1 billion has become unusable since Ethereum implemented its “London Hard Fork” system upgrade six weeks ago. The “burning” process began on Aug. 5 when the Ethereum London Hard Fork upgrade was deployed and with it the long-awaited EIP-1559. The upgrade altered the transaction fee mechanism to do away with…

The level of digital transformation in payments in the UAE has changed consumer behavior, showing the growing appetite for crypto and blockchain, claimed John Hensel, co-founder and CEO of Securrency, an Abu Dhabi-based technology firm. In a survey conducted by The National News two months ago, half of UAE citizens said they plan to use…

On Friday, Cardano’s official commercial arm EMURGO announced Astarter, a joint venture with China-based technology firm BlockChain4A, to build decentralized financial (DeFi) services infrastructure on Cardano blockchain protocol. The joint venture will combine EMURGO’s technical expertise of Cardano’s founding entities, coupled with Blockchain4A’s experience in DeFi technical infrastructure development. After Cardano’s Alonzo hard fork successfully…

Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. Bitcoin rising to $ 50,000 per token and Ether…

El Salvador announced the country is looking to exempt foreign investors from taxes on Bitcoin profits to encourage foreign investment. While “over half a million users” have registered in the country’s Chivo Bitcoin wallet, President Nayib Bukele said. According to Javier Argueta, the legal advisor to El Salvador’s President, the policy aims to encourage entrepreneurs…

Search engine giant Google partnered with Canadian blockchain firm Dapper Labs to help bolster Web 3.0 development, including blockchain gaming and the NFT marketplace. The blockchain company’s CEO Roham Gharegozlou tweeted about the deal on Tuesday, noting that the firm was “amped to welcome Google to the Flow blockchain.” According to Forbes, Google Cloud will…

Dubai-based UAE’s financial watchdog (NAMLCFTC) has adopted a regulatory framework for virtual assets. Regulators seek coordination among public and private sectors to combat money laundering and terror financing. As Gulf News reported, the UAE’s National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) has adopted a regulatory framework for virtual assets…