Shapeshift Platform Airdrops FOX Tokens to Community of Users
For the purpose of “facilitating decentralised governance,” Shapeshift creator Erik Voorhees revealed in a blog post that the company airdropped FOX tokens to over a million consumers. Following the firm’s recent anniversary, the company stated that Shapeshift will be transformed into a community-owned decentralised platform in the near future. In a recent blog post from […]
Hong Kong Cracks Down on a Money Laundering Ring Using Tether
Four persons have been arrested in Hong Kong on suspicion of laundering a total of $155 million using cryptocurrency wallets and bank accounts. The city’s customs agency stated that this was the first time it had encountered virtual currency being used to launder dirty money. A Syndicate Responsible for Money Laundering Recycles $155 Million in […]
Cryptocurrency: Tennessee city wants Bitcoin property tax payments
Jackson Mayor Scott Conger believes that Bitcoin holds the answer to resolving the problems of inflation and devaluation of the US dollar. The city of Jackson, Tennessee, in the United States, is continuing to investigate a prospective foray into cryptocurrencies and is now considering accepting Bitcoin (BTC) as payment for property taxes. Jackson Mayor Scott […]
CEO of DoubleLine predicts a substantial decline in the value of the US Dollar
Jeffrey Gundlach, the CEO of DoubleLine estimates the decline in the value of US Dollar to be $23k. In the long run, Jeffrey Gundlach, the CEO of investment management firm DoubleLine, suggested that Bitcoin could have more positive activity than the U.S. dollar. Gundlach stated in a Wednesday interview with CNBC’s Halftime Report that he […]
Bit Digital to Transfer 14,500 Bitcoin Miners From China to the United States
Bit Digital claims that following China’s decision to prohibit bitcoin mining, the company “accelerated” its relocation to North America. Following China’s recent ban on bitcoin mining, the company Bit Digital (Nasdaq: BTBT) announced on July 13 that it was relocating 14,500 bitcoin miners to the United States. The migration data comes from the firm’s unaudited […]