The Sultanate of Oman, located on the southeastern coast of the Arabian Peninsula, is tightening its embrace of cryptocurrency after a recent round of multi-million investments this month. The West Asian nation is pursuing a strategy designed to make it a digital hub in an increasingly competitive region. In August, the Omani government announced close to $800 million in fresh…
Illustration by Mitchell Preffer for Decrypt It was a relatively quiet week over on Crypto Twitter, mirroring the market’s slow news cycle this week. Still, that meant some much-needed recovery time for virtually every leading cryptocurrency. On Monday, Chinese blockchain journalist Colin Wu broke news that ByGet had become the third Seychelles-based crypto exchange to ramp up its Know-Your-Client (KYC)…
Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. He said this could either be considered positive as whales were holding on to their positions or negative because the transfer to new investors was not happening. The range-bound…
The largest crypto asset management firm in Latin America, Hashdex, is officially throwing its hat in the ring of SEC suitors seeking approval to operate a Bitcoin exchange-traded fund (ETF). For years, the SEC has ignored or rejected Bitcoin ETF applications for cryptocurrencies—at least for spot markets. But when investing juggernaut BlackRock submitted an application for a Bitcoin spot ETF…
Brazilian soccer star Ronaldinho Gaúcho could be detained by authorities to testify over a crypto fraud investigation in Brazil. According to local media reports, Ronaldinho failed to appear before the country’s Congress over a pyramid scheme probe allegedly linked to one of his companies. The former Paris Saint-Germain, F.C Barcelona and AC Milan star failed to testify at a congressional…
Tether’s chief technology officer, Paolo Ardoino, hinted that the operations are based in South America but hesitated to reveal more details. Source: https://cointelegraph.com/public/index.php/news/tether-cto-paolo-ardoino-bitcoin-mining-locations
Following the recent Kroll cybersecurity breach, FTX Derivatives Exchange, a financially distressed cryptocurrency trading company, has opted to temporarily suspend accounts of impacted users accessing its claims portal. FTX’s decision which was posted on X (formerly known as Twitter) was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the…
Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On Aug. 25, in an effort to catch crypto users avoiding taxes, the Internal Revenue Services (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form to make tax filing easier…
Tether’s chief technology officer, Paolo Ardoino dropped a hint that the operations are based in South America, but hesitated to reveal any more details beyond … Source: https://cointelegraph.com/app/public/index.php/news/tether-cto-paolo-ardoino-bitcoin-mining-locations
Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about edited images of large industrial containers online. These speculations led him to rejecting questions about where Tether is mining Bitcoin (BTC). In a post on X (formerly known as Twitter) published on Aug. 26, Ardoino shed light on the curiosity sparked by the photo he shared on…
