Canadian bitcoin miner slapped with $7 million fine for setting up unauthorized power plants
Oct 05, 2021 23:59 pm UTC| Digital Currency Economy
Canadian bitcoin mining operator Link Global is facing a fine of up to $7 million for installing several power plants to run its miners without government permission. Link Global started operating in Alberta with four...
FxWirePro- Top altcoins for the day (Strength index)
Oct 05, 2021 15:25 pm UTC| Technicals Digital Currency
Top Altcoins Strength Index (4- hour chart calculated using EMA and Average directional index ) Pair Value Recommendation DOGEUSD 381.09 Strong...
NFT: Dolce & Gabbana sold $6M worth of NFT fashion collection
Oct 05, 2021 09:55 am UTC| Business Digital Currency
Dolce Gabbana is one of the first luxury fashion houses to jump into the blockchain. To be more specific, it joined the non-fungible token (NFT) bandwagon, and it has been successful so far. In fact, in the latest...
DeFi bug mistakenly gave away $90 million, founder begging for the return of the crypto tokens
Oct 04, 2021 09:58 am UTC| Business Digital Currency
DeFi revealed that it had accidentally handed out $90.1 to its users and this was due to a bug that crept into the system. DeFi is a popular blockchain-based type of finance and it mistakenly gave away millions after a...
US to collaborate with 30 countries in stopping illicit cryptocurrency use
Oct 02, 2021 23:50 pm UTC| Digital Currency Economy
The US will bring together 30 countries, including those from NATO allies and G7 partners, to stop the illicit use of cryptocurrency, according to President Joe Biden. The Biden administration has been intensifying its...
IMF warns against crypto's impact on monetary policy and financial stability
Oct 02, 2021 23:49 pm UTC| Digital Currency Economy
The International Monetary Fund (IMF) warns that the widespread and rapid adoption of cryptocurrencies reduces the ability of central banks to effectively implement monetary policy and causes financial instability. A...
Artworks used to create VeeFriends NFT collection sells for $1.2 million in Christie’s auction
Oct 02, 2021 23:48 pm UTC| Digital Currency Economy
Christies auctioned five artworks created by entrepreneur Gary Vaynerchuk for his VeeFriends NFT collection for over $1.2 million. The artwork dubbed Empathetic Elephant fetched the highest price at $412,500, with...
FxWirePro- Major Economic events for the day