Privacy coin Monero pumps 31% amid US taxation plans

Monero’s surge amid cryptocurrency taxation news adds to an 84% bounce since the recent market crash. Coinciding with news that United States President Joe Biden’s proposed tax plan would require tax reporting on business transactions exceeding $10,000, the value of privacy coin Monero (XMR) climbed 31% on Friday. Biden’s American Families tax plan would require exchanges and...

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Blockchain-based fintech firm Figure raises $200M

Figure Technologies brings its valuation to $3.2 billion with a new round of funding. Blockchain-powered fintech startup Figure Technologies has secured major funding for its mission to improve the financial services industry with Provenance blockchain. Figure announced Thursday that the company raised $200 million in a Series D round led by Morgan Creek’s crypto venture capital arm...

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Blockchain Research Institute expanding to Africa, the Middle East and Korea

Three new BRI divisions will foster innovation and research in their respective regions. The Blockchain Research Institute (BRI) has revealed plans to expand into several continents mid-year through partnerships with several banks, foundations, and organizations. The independent global think-tank for distributed ledger research already operates in Europe and Brazil, and will establish hubs of innovation...

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Optimism grows for layer-two scaling after Etherscan integration

Full blockchain data is now available for layer-two platform Optimistic Ethereum. The Ethereum layer-two scaling solutions provider Optimism has announced a collaboration with blockchain analytics platform Etherscan. In an announcement on May 21, the technology provider declared it a major usability milestone, stating that it makes highly technical information easily searchable and human-readable. The firm...

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Shanghai Man: China’s annual ban explained, ‘crypto crash’ trending … and more

A breakdown of major regulatory announcements in China after latest warning, and a major event at the Shanghai Belagio for the blockchain scene This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations....

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ShapeShift takes aim at gas fees with new FOX token functionality

FOX holders will be able to offset gas fees proportionally to their token holdings. In a blog post today, noncustodial wallet and decentralized exchange aggregator ShapeShift announced expanded functionality for its FOX rewards token designed to mitigate gas fees — or, as the project put it, turn the token into “the Gas-Guzzling Philanthropist of the...

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Bitcoin whale who sold at $58K has reaccumulated 3,521 BTC

The whale sold off 3,000 BTC on May 9 for an average price of $58,503.39. They began to reaccumulate less than one week later. Still reeling from a historic price collapse this week, Bitcoin (BTC) received positive news on Thursday after a mysterious whale reportedly reaccumulated a large stash of the digital asset. The whale...

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Dogecoin imitator Shiba Inu pumps 146% on Binance listing

The DOGE imitator gained nearly 1,000% in the past 48 hours as Binance announces it’s making room for SHIB despite Vitalik Buterin owing 50% of the supply. Having emerged with the self-applied moniker of “Dogecoin Killer,” the latest cryptocurrency to succeed on laughs alone is making its way to Binance. Shiba Inu (SHIB) burst into...

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Spain’s national soccer team to launch fan token on Turkish platform

La Roja is launching a fan token in partnership with Turkish blockchain platform Bitci Technology. The Spanish national soccer team will launch the world’s first national soccer team fan token thanks to a partnership between the Royal Spanish Football Federation and the Turkish blockchain platform Bitci Technology. The token will launch on Bitcichain, and all...

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Canadian Bitcoin ETF issuer seeks ‘green BTC’

Ninepoint will allocate part of its management fees to even out the carbon footprint of Bitcoin in its exchange-traded fund product. Ninepoint Partners LP, one of Canada’s Bitcoin (BTC) exchange-traded fund issuers, has announced plans to offset the carbon footprint of its BTC ETF product. According to a release issued on Monday, Ninepoint has inked a partnership...

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