Author: Samuel Haig

El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC

CoinTelegraph

Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo. Describing the news as “positive news for the pockets of Salvadorans,” the president Read More

Biden to nominate anti-crypto and anti-big bank law professor to run the OCC

CoinTelegraph

The Biden administration reportedly intends to nominate Kazakhstani-American attorney, academic and former policy advisor Saule Omarova to head the Office of the Comptroller of the Currency (OCC) — the institution that oversees the U.S. banking sector. Omarova has levied criticisms Read More

Top Brazilian investment bank BTG Pactual launches crypto trading app

CoinTelegraph

Leading Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies. The bank’s Mynt platform currently allows users to purchase Bitcoin and Ether, with BTG Pactual expressing its intention to launch support Read More

Treasury plots stablecoin crackdown even as Tether’s dominance wanes

CoinTelegraph

The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market. According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials are Read More

Bitcoin miner Greenidge set for Nasdaq listing through merger

CoinTelegraph

Bitcoin mining and power generation company Greenidge is set to complete a merger with customer and technical support solutions provider Support.com to become the latest publicly listed mining firm.  Once the merger transaction is complete, Support.com Inc. will become a Read More

Ukraine passes legislation to recognize and regulate crypto

CoinTelegraph

The Ukrainian Parliament has adopted legislation regulating foriegn and domestic cryptocurrency exchanges operating from within the country. On Sept. 8, the Ukrainian Parliament adopted the draft law “On Virtual Assets,” legally recognizing cryptocurrency in the country for the first time. Read More

Lobby Lobsters NFT drop raises $4 million in one hour to support DeFi lobbying efforts

CoinTelegraph

Nonfungible tokens (NFT) depicting cartoon lobsters in suits have raised more than $4 million to support lobbying efforts supporting the decentralized finance (DeFi) sector. On August 5, nonfungible token platform and community Universe sold out if its Lobby Lobster NFTs Read More

23yo Venezuelan allegedly steals $1m in BTC from clients after faked abduction

CoinTelegraph

Venezuelan authorities are on the lookout for a scammer accused of disappearing with 23.66 Bitcoin (BTC) worth $1.15 million from his clients’ accounts after faking his own kidnapping. On Aug. 29th, Douglas Rico, director of Venezuela’s Scientific, Criminal and Criminal Read More

Approval incoming? Valkyrie becomes fourth firm to apply for BTC futures ETF

CoinTelegraph

Alternative financial services firm, Valkyrie Digital Assets, has become the latest company to file for a Bitcoin exchange-traded fund (ETF) offering indirect exposure to BTC via cash-settled futures contracts. According to a draft prospectus dated August 11, the Bitcoin futures Read More

CryptoPunks clone PolygonPunks booted from OpenSea marketplace

CoinTelegraph

Leading NFT marketplace, OpenSea, has delisted the successful Polygon-based copy of CryptoPunks, Polygonpunks. According to screenshots of the marketplace taken shortly before the NFT collectibles were removed, PolygonPunks had emerged as the second-most popular collection on OpenSea by volume with Read More

$7B investment firm recommends crypto to beat currency debasement

CoinTelegraph

Contrarian investment firm, Horizon Kinetics, is advising investors to seek exposure to crypto assets amid mounting global economic challenges. Speaking to the Financial Times, Horizon’s co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher an inflection Read More

Vitalik Buterin’s surprise cameo in Ashton Kutcher and Mila Kunis’ living room

CoinTelegraph

Actor and venture capitalist, Ashton Kutcher, has published a video to Twitter featuring himself, his wife Mila Kunis, and Ethereum founder Vitalik Buterin, to explain the project to newcomers For the first minute, the video shows Kutcher quizzing Kunis on Read More