Crypto news

A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community.  As Bitcoin Lake Founder Patrick Melder explained, the “Kaboom” mining project is repurposing used cooking oil to help mine Bitcoin, rather than pollute the local environment.  Mining Helping the Environment? As Melder told Bitcoin Magazine, the project is a follow-up to prior attempts at cleaning the lake that...

There’s a new crypto bank in town. Known as Buy Bitcoin Bank, the digital currency firm is looking to ensure all crypto traders have the tools, resources, and education they need to trade intelligently and make appropriate decisions when it comes to adding digital currencies to their portfolios. Buy Bitcoin Bank Is Pushing for Stronger Education There’s nothing wrong with investing, nor is there anything wrong with diversifying one’s portfolio. However, what can be...

INTERNET CITY, DUBAI, Sep. 23, 2022 – LBank Exchange, a global digital asset trading platform, has listed PRIMEZTOKEN on September 23, 2022. For all users of LBank Exchange, the PRIMEZTOKEN/USDT trading pair is now officially available for trading. Aiming to introduce Japan’s world-class contents to Japan and overseas using blockchain technology, Primez provides an NFT marketplace where Japanese contents can be converted into NFTs. Its native token PRIMEZTOKEN has been...

INTERNET CITY, DUBAI, Sep. 22, 2022 – LBank Exchange, a global digital asset trading platform, has listed GTON on September 22, 2022. For all users of LBank Exchange, the GTON/USDT trading pair is now officially available for trading. Based on the cutting-edge achievements of Web 3.0 technology, GTON Capital is building an infrastructure to advance digital capital markets enabling new generation of programmable economy. Its utility token GTON has been listed on LBank...

South Korean law enforcement officers have reportedly confiscated around 260 billion won ($183 million) worth of cryptocurrencies from local individuals and businesses in two years as they were not abiding by local taxation laws. Not long ago, the authorities targeted the notorious leader of Terraform Labs – Do Kwon. He was accused of gifting tokens to family members as a way of tax avoidance. The Latest Crypto Seizure in South Korea According to a report by the domestic...

After the recent volatility and the latest multi-month low, bitcoin has calmed slightly around the $19,000 mark. Most alts have painted insignificant losses today, while Dogecoin has emerged as the top performer from the large-cap ones. Bitcoin Battles for $19K The past several days were quite volatile for BTC, starting with the dip to $18,300 on September 19. At the time, that marked a three-month low for the asset. Bitcoin went on the offensive in the following hours and...

Ethereum’s Merge has done a lot to shift the issuance dynamics of ETH, fulfilling most of what was estimated by analysts and the Ethereum Foundation prior to the transition. However, there are still some nuances that need clarification as to if and when ETH can become deflationary, and its supply would cease to expand. Let’s dive in. Ethereum: Not Quite Deflationary According to ultrasound.money, the amount of ETH in circulation has risen by over 5,990 ETH since the Merge on...

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action lawsuit against Ooki DAO, a crypto margin trading and lending platform for engaging in digital asset margin trading that only CFTC-registered Futures Commission Merchants (FCM) can perform.  Ooki DAO also failed to adhere to customer identification requirements prescribed under the Bank Secrecy Act, the commission further alleged in its lawsuit filed in the U.S. District Court for the Northern...

Coinbase – the largest cryptocurrency exchange in the United States – has been slapped with another multi-million dollar lawsuit.  The company has been accused of patent infringement through several of its services, over which the plaintiff is seeking $350 million in damages.  Another Coinbase Lawsuit Veritaseum Capital LLC filed the lawsuit on Thursday in a Delaware court. The firm claims that Coinbase has infringed a patent awarded to the company’s founder Reggie Middleton...

Some of the tech-savvy youngsters in Lebanon have reportedly shifted their focus toward cryptocurrencies amid the current monetary crash Earlier this week, the government closed all local banks due to ongoing risks for employees and customers. It remains unknown when the financial institutions will re-open, which might be one reason why locals started looking for alternative financial instruments, including digital assets. Crypto to the Rescue The economic situation in...