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Kazakhstan cryptocurrency miners pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law providing an additional fee for electricity used by energy-intensive industries. Coin miners in Kazakhstan pay an additional fee per kilowatt hour of electricity Crypto mining companies in Kazakhstan will pay a premium for the electrical energy they burn. President Kassym-Jomart Tokayev this week signed a new law amending the legislation of the Central Asian Republic “on taxes and other compulsory payments to the budget”. The bill, passed by the Senate in early June, introduces a new fee of 1 Kazakh tenge (about $ 0.0023) per kilowatt-hour used by cryptocurrency miners. The new electricity tariff will be introduced from January 1, 2022, announced Forklog. Nur-Sultan authorities claim the additional fee will “pull out of the shadows” the cryptocurrency miners currently operating in the shadow economy. Albert Rau, the legisla

Sponsored Vent is pleased to announce the launch of its IDO on the Ventup platform, sponsored by Vent Finance. This innovative, community-run platform promises to usher in a new era of decentralized funding for audited projects and support entrepreneurs on their path to success. Vent – Welcome to the all-in-one ecosystem Vent announced that it will launch the Ventup IDO Launchpad on Polygon to provide scalability, modular security solutions and compatibility with Ethereum tools to startups launching on the platform. Vent will also build the first polygon-Cardano bridge and plans to migrate Ventup to the Cardano blockchain after the introduction of the Alonzo smart contract mainnet. Ventup gives everyone easier access to DeFi investment opportunities with powerful features like a social community, verified investment opportunities, and low transaction fees. The launchpad is also an important part of the larger Vent ecosystem, which provides an all-in-one solution for new proje

The market capitalization of all 10,722 existing cryptocurrencies is around $ 1.42 trillion on Wednesday and in the last 24 hours all of these crypto assets together lost 3.92%. Meanwhile, Bitcoin occupies 45.73% of the total capitalization of $ 1.42 trillion and Ethereum holds 17.8%. With these two leading assets improving this week, the seven-day changes against the US dollar show that a large number of other crypto assets have seen much larger double-digit gains. Steemit coins, 51% attacked tokens and forgotten crypto assets An interesting selection of crypto assets has seen double-digit gains as larger competitors like Bitcoin (BTC) and Ethereum (ETH) saw weaker improvements. For example, BTC has gained 2.74% against the US dollar in the past seven days. ETH is up nearly 10%, but not quite, with a 8.89% increase over the past week. While these are at least weekly improvements against the dollar, some unconventional crypto assets have risen much higher. STEEM / USD (left)

Federal Reserve vice chairman of the oversight and financial stability board (FSB) chairman Randal K. Quarles questions the benefits of the digital dollar but says it could pose “significant and tangible risks” to the US banking system. Fed vice chairman raises concerns about the digital dollar Randal Quarles, Vice Chairman of the Federal Reserve, spoke in a speech to the Utah Bankers Association on Monday about Bitcoin and the Fed’s work on a central bank digital currency (CBDC), the digital dollar. Quarles is also the chairman of the Financial Stability Board (FSB). He said: The potential benefits of a Federal Reserve CBDC are unclear. Conversely, a Federal Reserve CBDC could pose significant and tangible risks. Then he outlined the risks. “First, a Federal Reserve CBDC could pose significant structural challenges to our banking system … An arrangement whereby the Federal Reserve replaces commercial banks as the dominant funder for the general public could reduce the avail

A US Congressman has called for a bill that allows the government to identify cryptocurrency users and reverse crypto transactions. “There is a significant, increasing sentiment in Congress that if you participate in an anonymous crypto transaction, you are de facto participating in a criminal conspiracy,” he said. Rep. Bill Foster emphasizes the need for laws that allow the government to reverse crypto transactions Illinois MP Bill Foster, who is also co-chair of the Congressional Blockchain Caucus, spoke about regulating cryptocurrencies during an Axios virtual event Tuesday. Regarding the problem of ransomware attacks and the fact that criminals are asking for bitcoin rather than cash, the congressman stressed that “there is a fundamental difference between crypto assets and real assets. That is an important distinction that we must ultimately make in the law. “ Stressing that laws need to be passed so federal courts can identify crypto users and reverse transactions in Bitc

The cryptocurrency exchange Coinbase has unveiled its plan to build the “crypto app store,” inspired by the way Apple Inc. built its app store. CEO Brian Armstrong said, “Apple hasn’t tried to create every app for the iPhone, it has empowered developers and given mobile users easy access to new innovative apps.” In a blog post published Tuesday, Coinbase CEO Brian Armstrong described several opportunities in the crypto space that the Nasdaq-listed company is pursuing. One of them was to “build the crypto app store”. The CEO stated, “Like the internet or the mobile app stores, we are seeing developers rushing into the room to use these new tools to create innovative use cases that we could not have imagined before,” he added: Apple hasn’t tried to make every app for the iPhone, it has encouraged developers and given mobile users easy access to new innovative apps … We will work to make all of this easy for our users to access through Coinbase’s main product . Armstrong e

Sponsored The COVID-19 pandemic has devastated the global economy and prompted many industries to reassess the resilience of legacy models in times of crisis. Unsurprisingly, one of the industries hardest hit was the global healthcare industry as governments struggled to test, treat, and develop a vaccine against the fast-spreading virus. While testing procedures, treatments and vaccination programs have been reasonably successful overall in developed countries (particularly the UK and Israel), existing weaknesses in pharmaceutical research and development have exacerbated the delays, according to a number of experts. Indeed, the clinical trials industry, which is responsible for testing the safety and effectiveness of new vaccines and therapeutics before they hit the market, is currently hampered by a number of inefficiencies . The pandemic has demonstrated the need for solutions to address these inefficiencies and thereby ensure an efficient flow of new drugs. That’s where

Formula 1, the international automobile racing organization, has found a new sponsor from the crypto industry. The long-term deal will provide a digital asset trading platform with branded presence at F1 events, while the Car Championship hopes the partnership will allow it to “explore the world of cryptocurrency.” Crypto.com supports Formula 1 under a reported $ 100 million sponsorship agreement The deal between Formula 1 and Crypto.com, announced on Tuesday, was negotiated with the help of the sports company Creative Artists Agency. The terms were not disclosed immediately, but according to CNBC, citing sources familiar with the details, the five-year deal is priced at over $ 100 million. Crypto.com, a platform reportedly with 10 million users, becomes a global partner for Formula 1 races, including the new Sprint series. The qualifying format is used to determine starting positions in some races, with the first such event being held at the Silverstone Circuit in July, ahead

On Wednesday, North American bitcoin mining company Blockware Mining announced that it had completed a $ 25 million investment round. According to the company, Blockware Mining is aiming to use the funding to expand operations “beyond its currently installed North American presence.” Blockware raises $ 25 million and buys 14,000 ASIC miners Blockware Mining, a bitcoin mining infrastructure and colocation services company, announced on June 30 that the company has raised $ 25 million. The US company claims to “generate Bitcoin below market prices” by leveraging three different sources of income. Blockware specializes in Bitcoin mining, mining rigs resale, and hosting services. The company says the latest funding will help the company expand, and after the $ 25 million capital increase, Blockware has raised more than $ 32 million in total from investors. The company’s announcement states that it has been focusing on acquiring mining rigs and building the blockware mining facility

Bitcoin has lost 45% in value since the all-time high (ATH) in crypto assets three months ago, and the downward movement has sparked significant speculation about yet another bear market. Other skeptics believe Bitcoin has died as the website that hosts Bitcoin obituaries states that Bitcoin deaths in 2021 have doubled compared to all Bitcoin obituaries in 2020. Bitcoin has died 29 times this year, according to skeptics Bitcoin’s price (BTC) is lower than it was three months ago, when the crypto asset hit an ATH of $ 64,895 per unit about 90 days ago. Since then, BTC has been consolidating above the $ 30,000 region and many are unsure of what prices will come next. Then there are those who are certain that Bitcoin is dead, or at least preparing for its own funeral, believing that its value is certain to go to zero. The notorious Bitcoin obituary website hosted on 99bitcoins.com shows off those kind of “Bitcoin is dead” skeptics who have been writing Bitcoin philosophies since 201

Payment giant NCR and New York Digital Investment Group (NYDIG) are working together to enable 650 U.S. banks to offer Bitcoin trading to their 24 million customers through their mobile applications. 24 million customers from 650 Main Street banks could soon have access to bitcoin trading New York Digital Investment Group (NYDIG) said Wednesday when 650 banks and credit unions in the US will soon be able to offer Bitcoin trading to their customers via their mobile applications. The Bitcoin option is made possible through a collaboration between NYDIG and corporate payments giant NCR. NYDIG is a bitcoin technology and financial services subsidiary of Stone Ridge, a $ 10 billion alternative asset manager. NCR digital banking president Douglas Brown was quoted by Forbes as saying: We strongly believe in the benefits of crypto and its strategic application. And that goes for our banking relationships, as NYDIG proves, and for retailers and restaurants and the like. Founded in 1

A Texas man who calls himself “Doctor Bitcoin” pleaded guilty to having operated an illegal cryptocurrency exchange business converting cash into Bitcoin. He faces five years in federal prison. Crypto Exchange Operator pleads guilty The US Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, pleaded guilty to “illegally engaging in a business converting cash into cryptocurrency.” The 42-year-old man, who calls himself “Doctor Bitcoin,” pleaded guilty to running an unlicensed money transfer company. Acting US attorney Prerak Shah in detail: This defendant ignored federal law and allowed scammers to use Bitcoin to operate under the radar of law enforcement. We are determined to rid the Bitcoin market of anyone who knowingly helps criminal actors hide illegal profits in crypto wallets. Hopkins admitted to running a cryptocurrency exchange business and converting US dollars into cryptocurrency, primarily Bitcoin, for a fee. He also admitted

Press release PRESS RELEASE. Beyond Oil officially launched the Solar Oil Project – the blockchain-powered decentralized oil production platform that recycles abandoned oil wells to produce oil while eliminating a trillion dollar environmental nightmare. What the Solar oil project does it differently: Partnerships with local oil operators and green equipment manufacturers. Together they identify old oil wells that typically produce less than 5 barrels of oil per day. These wells often pose serious environmental threats when abandoned and toxins enter the soil and water table. Current cleanup costs in North America are estimated at over $ 500 billion. The sale of SOP tokens will be used to fund the purchase of new, patented technology to rehabilitate these old wells into profitable, productive locations. This new technology cuts production costs by up to 50% and the carbon footprint by over 90%. The oil production achieved will be tokenized and distributed to the token h

A major UK bank, Natwest, has limited money transfers to cryptocurrency exchanges over concerns about fraud and fraud related to cryptocurrencies. The bank also blocks payments to a number of cryptocurrency asset firms. Natwest says the two steps are necessary to keep customers safe. Natwest Places Limit for transfers to crypto exchanges National Westminster Bank, commonly known as Natwest, is a major retail and commercial bank in the United Kingdom. A spokesman for the bank told Reuters Tuesday that the bank has capped the daily amount customers can send to cryptocurrency exchanges due to concerns about investment fraud and fraud. “We have seen a high level of fraud in cryptocurrency investments aimed at our private and commercial banking customers, particularly through social media sites,” the spokesman said, explaining: To protect our customers from criminals who exploit these platforms, we are temporarily reducing the maximum daily amount a customer can send to cryptocurren

As the crypto markets rebounded somewhat on Tuesday, decentralized financial tokens and applications began to appreciate again. Decentralized trading volumes (Dex) have increased sharply as daily swap volumes from Ethereum-based Dex applications have doubled since Monday. Pancakes, sushi and unicorns Decentralized finance continues to surprise, as billions of dollars have poured into this new economy over the past two years. Years ago there were some decentralized exchange (Dex) platforms, but none of them compared to the liquidity provided on Dex platforms today. 24-hour and seven-day decentralized exchange statistics for Ethereum-based Dex platforms, according to Dune Analytics as of June 29, 2021. Additionally, the Ethereum blockchain is home to the most popular Dex applications out there today, and many of these Ethereum-based Dex platforms have dwarfed themselves centralized exchange (Cex) platforms in terms of trading volume. In addition, the Binance Smart Chain (BSC) h

Compound, one of the leading defi-based protocols, introduces a new service called Treasury. Compound’s Treasury is a new product designed to help institutions break into the defi space. Introduced in partnership with Circle and Fireblocks, it skips the amazing rates that traditional Defi protocols offer. However, it is designed to provide stable income for companies looking to generate residual income from their funds in dollars. Connection to persuade institutions with Treasury Compound Labs, the company behind the Compound Defi Protocol, has launched Treasury, a new defibrillator service for institutions. This new service is designed to enable institutions to generate deficit-based profits without having to put in any extra effort. The Treasury Department allows third parties to use fiat dollars to enter the room. Compound Labs has partnered with Circle and Fireblocks to allow institutions to register and open a treasury account through which these institutions can transfer do

Small hydropower plants have been put up for sale in China as the demand for their cheap energy plummets after government crackdown on crypto miners. Just like mining rigs, their prices have come down, leaving owners with limited options to recoup their investments. Ads for hydropower plants appear on the Xianyu Marketplace Advertisements for small hydropower plants recently appeared on the Xianyu online marketplace, the South China Morning Post reported. The “used” systems have an output of around 50 megawatts. The number of these offers has increased significantly since the government offensive against cryptocurrency miners began in May. Three vendors have confirmed to the daily that the power plants have been sold for mining and one owner noted that their prices have fallen. Another seller, apparently trying to convince potential buyers, pointed out: You can secretly mine cryptocurrencies when you buy a hydroelectric plant. Some of the facilities on offer are in China’s Si