German institutional funds will be authorized to hold crypto from August
A new law governing the German Spezialfond will take effect on Aug.2, this law will allow the institutional funds to hold crypto. This action will pave way for the adoption of Bitcoin in other sectors of the country. German institutional funds will be authorized to keep up to 20% of their assets in cryptocurrencies starting […]
Peter Schiff calls MicroStrategy’s CEO “mad”
Peter Schiff the CEO of Euro Pacific Capital on Twitter called MicroStrategy’s CEO Michael Saylor “mad” for trying to Pump Bitcoin. He also joked about the CEO taking his Bitcoin to the grave. Michael Saylor, the CEO of MicroStrategy, has turned to Twitter to criticize Peter Schiff, the CEO of Euro Pacific Capital and a […]
A private illegal mining farm in Kyrgyzstan uncovered
The Kyrgyz National Security Commission has discovered a vast illegal mining field buried in private home space. The property was raided and 118 BTC mining rigs were seized. According to the authorities, the large-scale BTC mining activity has caused “severe harm” to Kyrgyzstan’s electrical grid, according to local media. The construction of sound insulation and […]
Due to China’s crypto crackdown, Bitcoin miners relocate to Paraguay
In recent news, eight Bitcoin mining firms in China have made plans to relocate their operations to Paraguay. This will in no doubt increase the number of Bitcoin miners and mining activities in the area. In the aftermath of China’s crackdown on its domestic industry , eight China-related Bitcoin mining companies are intending to shift […]
Chinese central bank sets to continue crypto crackdown till the year ends
Central Bank of China has made choices regarding the country’s ongoing crypto crackdown, stating that the crackdown will continue in the second half of 2021, the further crackdown is to “maintain” rather than strengthen the current one. A consensus was reached yesterday at a conference to “keep” high pressure on digital currency trading in China […]