The US government issued a series of stimulus checks as a response to economic difficulties caused by the coronavirus pandemic. These payments were not available to everyone, but the majority of Americans qualified for them. This included many young Americans. A survey revealed that many of these youngsters had invested their stimulus checks into crypto assets, such
Finder’s Cryptocurrency Ownership Report published on August 13, 2021, has some interesting findings after the researchers polled over 42K people. The survey covered 27 countries and measures crypto asset ownership. According to the Finder poll, men are more likely than women to own a digital asset. James Edwards, Finder’s writer, explained that the gender gap in ownership is approximately
Umbrel, a bitcoin software node provider, has released a new version to its app in order to expand beyond bitcoin and other blockchain services. Umbrel’s App Store Version 4 has 10 new apps. These apps provide a variety of services such as blocking ads, storing passwords and streaming torrents. Umbrel is a commonly used software
A press release was sent to Bitcoin Magazine. It states that U.S. Compass mining clients can now mine Bitcoin directly into a Choice Individual retirement account without triggering any taxable events. According to current tax laws, income from Bitcoin mining can be taxed like income. When they have to sell bitcoins to pay other taxes, miners are
EWN reports that the South Africa Reserve Bank (SARB), has warned South Africans who are found with such banknotes they could be subject to criminal investigation. This warning comes after what the SARB called an “increase in circulation of dye-stained banknotes in KwaZulu-Natal, and Gauteng.” South Africa was in chaos immediately after Jacob Zuma’s arrest. His supporters violently
Greenidge, which is based in Rochester, New York, announced Wednesday that it has partnered up with Foundry, a company providing capital and intelligence to North American crypto mining companies. Greenidge will join the Foundry USA mining pool, which currently holds the fifth-largest global hashrate. Foundry USA currently commands 10.46% Bitcoin’s global havehrate, or 10.23 Exahash per Second
Scammers sold fake cryptocurrency apps to more than 93K people through the Google Play Store. These numbers are based on the report of Lookout, a security company based in California. The report states that the apps act as a frontend to cloud mining platforms. These apps are designed to trick users into believing they are mining cryptocurrency. The apps actually
Companies in the coin minting industry have been actively seeking out friendlier countries to relocate their operations due to the ongoing crackdown in China on cryptocurrency mining. There are some potential destinations in the U.S. with Florida and Texas being two of the most prominent. Both states offer affordable energy to crypto miners. Wyoming has been positive about cryptocurrency
BBVA, among the important banks in Spain using a completely possessed franchise in Switzerland, has declared that bitcoin storage and trading could be available because of its personal banking customers in Switzerland. It was established following an interval of 6 weeks of testing using a chosen group of consumers and after analyzing the system performance
The planet’s biggest public Bitcoin holder MicroStrategy has increased $500 million in bond sale — $100 million more than what it had anticipated — to buy more Bitcoins. The company on Monday said that it closed a $500 million offering of senior secured notes due 2028 while it quotes that the net profits from the
