headlines
headlines
Iranian authorities are continuing to crack down on unauthorized cryptocurrency mining as electricity demand remains high. So far, Tavanir, the country's power company, has closed 5,380 illegal mines and seized 216,758 mining machines from unlicensed miners. It is estimated that the total electricity consumption of unlicensed crypto mining farms is equivalent to that of 800,000 households or 2 million people. The Iranian government recognized cryptocurrency mining as a legitimate industrial activity in July 2019. Authorities in Tehran operate a licensing system for mining companies, which are issued by the Ministry of Industry. According to Tavanir, the 56 licensed cryptocurrency mining farms require a total of 400 megawatts of electricity. In May, Iran imposed a temporary ban on all cryptocurrency mining to reduce its electricity deficit. Then in August, Tavanir announced that restrictions on licensed miners would be lifted on Sept. 22 in light of an expected drop in electricity demand at the end of summer.
digital currency
digital currency
Ark Investment Management added to the prospectus for its Next Generation Internet ETF (ARKW) fund that it plans to allow it to invest in a Canadian Bitcoin ETF. The revised prospectus stated that the fund of Ark Investment Management Company can have indirect exposure to cryptocurrencies such as Bitcoin through indirect investment in trusts or other collective investment vehicles (such as ETFs in Canada), that is, the fund can invest in GBTC or Other Bitcoin-based investment vehicles (such as Bitcoin ETFs registered and traded in Canada).
Blockchain industry
Blockchain industry
NFT market sales drop by more than 50%
Sales hit a high of 193,693 in mid-August, but fell 86 percent to 27,053 on Sept. 10, statistics show. DappRadar data shows that Opensea’s transaction volume in the past 7 days has lost 52.47%, and Opensea’s sales in the past 7 days still reached 639.6 million US dollars.
On September 12, Alipay released the "I'm Not a Fat Tiger" series of NFTs. The series is divided into 4 time periods (10:00, 14:00, 17:00, and 20:00) for sale. In each time period, "Tiger Uphill" and "Tiger Downhill" 》Each limited edition is 8,000 copies. In addition, Alipay will also publicly sell the digital torch of the Hangzhou Asian Games on September 16, limited to 21,000 copies, of which 20,000 copies will be sold through the "Ant Chain Fan Grain" applet. The same Alipay account can only be purchased once, and the other 1,000 copies can be purchased at "Smart Asian Games One-Stop Link" or other official or authorized channels of the Asian Games Organizing Committee can be obtained by participating in related activities of the Asian Games, mainly based on official announcements.
global policy
global policy
Zimbabwean Finance Minister Mthuli Ncube has indicated the possibility of using a cryptocurrency-based solution to reduce the cost of sending money across borders.
Recently, the U.S. SEC’s Office of Investor Education and Advocacy (OIEA) and law enforcement’s Retail Strategy Task Force (RSTF) issued an investor alert on cryptocurrency investment scams. The notice explained: "Fraudsters continue to take advantage of increasingly popular digital assets to lure retail investors and commit scams, often resulting in catastrophic losses...Given the rise in the prices of some digital assets in recent years, some investors may have 'FOMO ' psychology, that is, they worry that they may miss out on an opportunity to make a fortune." The notice outlines some warning signs of a scam, with "guaranteed high investment returns ... little risk" being a typical fraud warning sign. The US SEC detailed that fraudsters may even display false historical return rates on their websites. Another sign is that the seller is not licensed or registered. According to the US SEC, "in the United States, many securities frauds against retail investors are carried out by unlicensed, unregistered sellers." In addition, scammers often fabricate investment returns to attract investors. The SEC also warned that "if an investment 'opportunity' sounds too good to be true, it probably is a scam."
El Salvador to exempt foreign investors from taxing profits from bitcoin speculation in the country
Character·Voice
Character·Voice
Co-founder of Tether: The income model of Metaverse will be NFT
Tether co-founder William Quigley sees the Metaverse as a colossal economic force that will dramatically change people's lives in the coming years. William Quigley said that the revenue model of the Metaverse will be NFT. In video games, the current revenue model is virtual items, which generate $175 billion a year. I think the Metaverse should be orders of magnitude larger than that, because it's everything, not just games.
