Crypto Ethone

Havana (AP) -- Cuba's government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba. The popularity of such currencies has grown among a technologically savvy group in Cuba as it has become harder to use dollars, in part because of toughened embargo rules imposed under former President Donald Trump. The Central American nation of El Salvador recently announced it would recognize use of the cryptocurrency Bitcoin as a way to encourage remittances from its citizens living abroad. The currencies, which can wobbly wildly up and down in value, are usually independent of any central bank and use widely distributed blockchain computer codes to keep track of transfers. Because they can be used for long-distance transactions that are supposedly anonymous, they are often popu...

  Bloomberg Analyst Eric Balchunas believes that the SEC is likely to approve a Bitcoin futures ETF soon, and it could be launched as soon as October. What Happened:  In a series of tweets, Eric has said that the recent  Ethereum  (CRYPTO: ETH) exchange-traded funds (ETFs) withdrawals by VanEck and ProShares are a good sign for  Bitcoin  (CRYPTO: BTC) futures ETFs and it could be approved soon by the U.S. Securities and Exchange Commission (SEC). Eric was referring to a statement made by ETF analyst James Seyffart. In another  tweet , Eric has said, "We think Ether withdrawal shows SEC has a nose in this and is in regular contact with issuers which should mean any kinks ironed out so that they can launch 75 days after filing. Further, ProFunds' Bitcoin MF was launched 77 days after filing. These are virtually same thing." Eric says the most probable ETF that is likely to be launched is the one filed by ProShares. However, he adds ...

  A few nights ago, cryptocurrency entrepreneur Justin Sun announced on Twitter that he had paid half-a-million dollars for a picture of a rock with laser eyes. It wasn't even a good picture of a rock. It had little to no artistic merit, like most of the non-fungible tokens, or NFTs . Whether it's the original cryptokitties, or the penguins wearing hats, or the rocks, it is all crypto-community internet kitsch, a big inside joke that none of us are supposed to get except for the cool crypto kids. The geeks buy and sell these "assets," driving prices up to unsustainable heights, while the rest of us just shrug. We just don't get it, they say. I get it perfectly well. First, NFTs are an incredible innovation that might be even more important than the cryptocurrencies they are based on. NFTs establish property rights in the digital sphere where none had previously existed. U.S. copyright law provides for what is called the "first sale doctrine," where it...

  A new research has highlighted a total of eight apps masquerading as cryptocurrency mining apps and duping people of their money, on promises of returns through the mined cryptocurrencies . A total of eight apps have been removed from the Google Play Store that duped people under the pretext of being cryptocurrency mining apps.  Even though the apps have been banned by Google from its app store, those already possessing them on their phones will have to delete these apps manually. Apps named around cryptocurrencies, like Bitcoin, Bitcoin Miner, Bitcoin (BTC) and others, lured people into spending money on them through promises of big profits in return.  The apps disguised themselves as cryptocurrency mining apps that conducted cloud-mining operations, and some of them even found a listing on Play Store’s finance category. The apps asked users to invest money into their cloud-mining operations and, in return, promised some portion of the cryptocurrency mining.  Th...

  LONDON, Aug 23 (Reuters) - PayPal Holdings Inc  (PYPL.O)  will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal's cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 million active accounts globally, the San Jose, California-based company is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies . PayPal launched cryptocurrency buying and selling in the United States early this year, later enabling customers to use their digital coin holdings to shop at the millions of merchants on its network. The company hoped its foray into the new asset class would encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by corporations and central banks. "...

  Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days. Last week, digital token platform Poly Network was at the centre of a $600m heist. "We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet," the company said on Twitter. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure. Blockchain analytics firm Elliptic said its analysis showed that around $97m in cryptocurrencies had been taken, with Bitcoin and Ethereum tokens amongst the haul. Liquid has said that it was tr...

Global cryptocurrency adoption among individual investors has surged in the past year, according to crypto-analysis firm   Chainalysis . Using factors like peer-to-peer exchange trading volume and value received, Chainalysis said global crypto adoption rose some 881% in the past 12 months.  The firm sees institutional markets as crucial but aimed to highlight the countries with the greatest crypto adoption by retail investors.  It focused on use cases related to transactions and individual saving, rather than trading and speculation.  Top-ranked countries are Vietnam, India, Pakistan and Ukraine. “In emerging markets, many turn to cryptocurrency to preserve their savings in the face of currency devaluation, send and receive remittances, and carry out business transactions,” Chainalysis said in the report.  It added that “adoption in North America, Western Europe, and Eastern Asia over the last year has been powered largely by institutional investment.” Interes...

  World’s oldest crypto exchange is staying out of the altcoin race Bitstamp will not engage with smaller cryptocurrencies that are rising in popularity such as dogecoin, bucking a trend set by other prominent exchanges keen to cash in on the craze. So-called altcoins have been steadily gaining traction among the crypto community during 2021’s bull run, as traders seek out major windfalls by investing in coins that might become the next bitcoin or ether. Dogecoin, a cryptocurrency started as a joke in 2015, rose as high as $0.74 in May, powered by high-profile tweets and the coin’s debut on major exchanges including Kraken, Gemini and Coinbase . It has been publicly supported by the likes of Tesla boss Elon Musk, entrepreneur Mark Cuban and singer Dionne Warwick. Bitstamp chief executive Julian Sawyer said all tokens listed on the world’s oldest crypto exchange must meet stringent requirements, and pass internal analysis that includes scrutinising the coin’s origins, go...

  An enterprising brother-sister team in a North Dallas suburb are pulling down as much as $32,000 a month by eschewing the lemonade stand and focusing instead on mining  Ethereum . Ishaan Thakur, 14, and his sister Aanya, 9, have seen their college fund swell this year after they began mining in March with an old gaming computer. That first month, they made $1,000,  reports the  Dallas Morning News . The numbers have soared since then. With interest spurred after hearing their father talk about the rise of cryptocurrencies, the pair initially wanted to invest in crypto, but it was already too expensive, so with the help of YouTube and their father, the ninth-grader and fourth-grader learned how to mine. They’ve reinvested their earnings to buy additional equipment, signing up for supply updates (generally graphics cards) from nearby electronics stores to fight this summer’s chip shortage. They currently have 94 processors mining—making abou...

  Sen. Cynthia Lummis is a Bitcoin evangelist and MAGA hardliner who’s won over the crypto community , even as she faces scrutiny over her personal investments . As the Senate was nearing the finish line on its massive infrastructure bill last week, the very online and very intense world of cryptocurrency was looking to Capitol Hill and getting antsy. In order to pay for a  $1 trillion investment  in roads, railways and utilities infrastructure, the bill offered new rules governing how owners of digital assets like Bitcoin and Ethereum report the value of their holdings to the IRS—a change projected to bring in an additional $28 billion in federal tax revenue. Crypto industry advocates and data privacy hawks, however, saw the changes as nightmarish. They argued the broadly written legislation would prove a burden on the nascent industry by imposing tough reporting requirements on third-party developers who make the system hum, while endangering their privacy. Under the la...