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“# Former pro sailer brokers tax-haven passports for wealthy crypto clients ” A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes for tax-haven nations that don’t impose capital gains on crypto holdings to wealthy investors. According to a July 11 report from…
“# GBTC unlock edges closer as impact on Bitcoin price remains unclear ” As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock. A total of nearly 40,000 BTC will be unlocked in July, amounting…
“# Crypto options are turning mainstream ” Despite ongoing vaccination efforts and pandemic aid, the world’s economy looks remarkably different than it did over a year ago. The new financial landscape and continued uncertainty have accelerated the shift away from traditional financial institutions. As the economy attempts to roar into high gear from a standing…
“# Crypto ads no longer allowed on TikTok ” TikTok announced on Friday that certain types of ads would no longer be allowed on their platform. Crypto-based promotional content was included among the now-verboten topics, according to an article from FT Adviser on July 8. The new guidelines on the social video posting site will…
“# Capital International purchased $600M in MicroStrategy stock ” Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock. In MicroStrategy’s filings to the U.S. Securities and Exchange Commission, or SEC, for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares…
“# Crypto world largely silent as little-known exchange announces plans to go public ” One might assume that a firm with a name like “Bullish” would garner a lot of attention in announcing its intention to go public, especially given that the exchange is backed by blockchain software company Block.one. Until today however, it seems…
“# Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm ” Research from European blockchain company Guardtime suggests that the current pandemic may have accelerated the launch of a major central bank digital currency by up to five years. According to Guardtime, the company said the growth of many technology companies,…
“# US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain ” Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs. According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in…
“# Nifty News: Walking Dead invade Sandbox, mining lease NFTs, CryptoPunk in art gallery ” Tokenized Walking Dead Ethereum-based NFT metaverse “The Sandbox” has partnered with Skybound Entertainment to incorporate a Walking Dead game in the virtual world. The Walking Dead is famous thanks to the TV show, however the story and characters are based…
“# Hydro plant from 1897 earns 3X as much mining BTC as selling power to the grid ” New York’s Mechanicville hydroelectric plant — one of the oldest hydropower generation facilities in the United States — is now host to Bitcoin mining. The plant is owned by Albany Engineering Corp (AEC), which was asked to…