The global crypto economy has taken a turn over the past year. Different types of business models are emerging, making cryptocurrency its official ...
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Current Bitcoin Price
Thursday, July 1, 2021
Cryptocurrency Market Rising at 11.2% CAGR to Reach USD 1758 Million by 2027, Launch of New ...
Cryptocurrency is a system of virtual currency exchange that is aimed to eliminate financial intermediaries. The developing tendency of people in created ...
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House committee reviews cryptocurrency risks, regulations in hearing
“Cryptocurrencies are highly volatile, so if one person makes a million dollars and retires at age 45, and nine lose $100,000–– Coinbase makes money, ...
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Daily Discussion, July 01, 2021
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Join us in the r/Bitcoin Chatroom!
Please check the previous discussion thread for unanswered questions.
Submitted July 01, 2021 at 12:08AM by rBitcoinMod https://ift.tt/3jwtciz https://ift.tt/2Z7cX2s
Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry.
Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity
Crypto mining entities in Kazakhstan are going to pay a surcharge for the electrical energy they burn. President Kassym-Jomart Tokayev has signed a new law this week amending the Central Asian republic’s legislation “on taxes and other obligatory payments to the budget.”
The bill, which was voted by the Senate earlier in June, introduces a new fee of 1 Kazakhstani tenge (approx. $0.0023) per kilowatt-hour used by cryptocurrency miners. The new electricity rate will be imposed starting from Jan. 1, 2022, Forklog reported.
Authorities in Nur-Sultan claim the additional charge will “bring out of the shadow” those cryptocurrency miners that currently operate in the gray economy. Albert Rau, the lawmaker named by local media as the author of the bill, said he couldn’t foresee any “critical consequences” from its adoption. Rau insists the parliament has approved a “government version” of the initially proposed amendments.
Crypto Industry Fears New Electricity Rate Will Turn Chinese Miners Away
Representatives of the crypto sector disagree with Rau’s position, warning that the move comes at a very inappropriate moment. Members of Kazakhstan’s National Association of Blockchain and Data Center Industry told the crypto news outlet that the decision “will have a very negative impact on the investment attractiveness of the industry.”
The main concern is that the fee could turn away Chinese companies that have been looking around for other jurisdictions amid the ongoing crackdown on cryptocurrency mining in the People’s Republic. Kazakhstan has been considered among other potential mining destinations, as over the past few years the country has gradually warmed towards the crypto industry.
In May, Shenzhen-based Bit Mining announced it’s planning to build a 100 MW mining data center in Kazakhstan in partnership with two local firms. In June, as Chinese authorities intensified the pressure on bitcoin mining operations, the company started shipping mining devices there. Earlier this month, the Hangzhou-headquartered mining hardware manufacturer Canaan established an after-sales service center in Kazakhstan as more Chinese miners are considering relocation to Central Asia.
What effect do you think the new fee will have on the crypto mining industry in Kazakhstan? Share your thoughts on the subject in the comments section below.
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Ventup, the IDO Launchpad by Vent, Connects Game-Changers With Investors
Vent is excited to announce the launch of their IDO on the Ventup platform, nurtured by Vent Finance. This innovative community-driven platform promises to usher in a new era of decentralized funding for vetted projects and help empower entrepreneurs on their journey to success.
Vent – Welcome to the All-in-One Ecosystem
Vent has announced it is launching the Ventup IDO Launchpad on Polygon to provide startups that launch on the platform with scalability, modular security solutions and compatibility with Ethereum tools. Vent will also construct the first Polygon-Cardano bridge and plans to migrate Ventup to the Cardano blockchain upon the rollout of the Alonzo smart-contract mainnet.
Ventup offers easier access to DeFi investment opportunities for everyone, with powerful features such as a social community, vetted investment opportunities and low transaction fees. The launchpad is also a critical part of the larger Vent ecosystem that provides new projects with an all-in-one solution, from token launch all the way to swapping. The ecosystem also includes VentSwap – a decentralized exchange enabling token holders to trade tokens in an easy, cheap and fast way – and VentCommerce – a marketplace where project can engage with top service providers through the simplicity of a token.
What Makes Ventup Stand Out
There are a number of factors that make Ventup stand out from the cowed of current launchpads, such as its focus on simplicity, security, transparency, and inclusiveness. Above all else, is its unique centralized – decentralized finance (CeDeFi) model – aiming to combine the best of both worlds, the security of a centralized platform and the great investment opportunities of a DeFi platform.
To prevent the current situation going on other platforms – that are full of meaningless hype, scams and fraud – Ventup will only empower vetted and high quality projects. For example every new project launching on the launchpad will be security audited. And the majority of the vetting will be done by the community of investors.
Users can upvote, comment and be active in forums and the community will decide if a project is eligible for IDO or not. Only when a project reaches a threshold of upvotes it will be able to apply for its token launch. The project will then be analyzed by the Vent team to recognize whether or not the project matches the Vent Quality standards before it can launch its tokens and users can transact.
Providing additional safety, Bridge Mutual will provide insurance on smart contracts to protect investors from potential rug pulls. To be eligible to invest into a project, every user needs to pass KYC, but unlike current solutions, Ventup simply requires the process to be completed once.
To learn more information on Ventup visit the platform’s website, and join the community on Twitter and Telegram.
Vent Finance has announced that the registration for the Vent IDO on the VentUp Launchpad will open on Wednesday, July 7, 2021. See full details on how to apply for the whitelist here.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
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Bitcoin Is a Survivor: Novogratz
Bitcoin Is a Survivor: Novogratz. Bloomberg Technology · TV Shows. June 30th, 2021, 7:44 PM PDT.
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George Soros fund reportedly starts trading Bitcoin and 'perhaps other cryptocurrencies'
Bitcoin an inflection point. Although the chief investment officer previously, when questioned if she owned any Bitcoin in a March Bloomberg interview, ...
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Microstrategy CEO loads up on Bitcoin amid sharp decline | Fox Business Video
Microstrategy CEO loads up on Bitcoin amid sharp decline. Jun. 30, 2021 - 8:35 - Michael Saylor and Defiance ETF CIO Sylvia Jablonski discuss the ...
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Traders lend out cryptocurrencies in quest for huge returns
Traders are garnering juicy returns by lending out cryptocurrencies as the fast-growing field of decentralised finance throws up new but highly risky ...
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Cryptocurrencies Are on FinCEN's First 'National Priorities' List
Elon Musk thinks its Okay to Endorse the CCP with their Human Rights Abuses but Bitcoins Carbon Emissions are too much for Him
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Submitted June 30, 2021 at 11:03PM by Dwez1337 https://ift.tt/2SGRcVe https://ift.tt/2Z7cX2s
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Submitted June 30, 2021 at 11:03PM by Dwez1337 https://ift.tt/2SGRcVe https://ift.tt/2Z7cX2s
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U.S. Citizens Will Soon Be Able To Buy Bitcoin Across 650 Banks
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Submitted June 30, 2021 at 08:44PM by Professional_Pilot21 https://ift.tt/362lnJB https://ift.tt/2Z7cX2s
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Submitted June 30, 2021 at 08:44PM by Professional_Pilot21 https://ift.tt/362lnJB https://ift.tt/2Z7cX2s
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Bitcoin Is a Survivor: Novogratz
Bitcoin Is a Survivor: Novogratz. Bloomberg Technology · TV Shows. June 30th, 2021, 7:44 PM PDT.
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George Soros fund reportedly starts trading Bitcoin and 'perhaps other cryptocurrencies'
Bitcoin an inflection point. Although the chief investment officer previously, when questioned if she owned any Bitcoin in a March Bloomberg interview, ...
from Google Alert - Bitcoin https://ift.tt/3dwX2Qa
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Microstrategy CEO loads up on Bitcoin amid sharp decline | Fox Business Video
Microstrategy CEO loads up on Bitcoin amid sharp decline. Jun. 30, 2021 - 8:35 - Michael Saylor and Defiance ETF CIO Sylvia Jablonski discuss the ...
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Traders lend out cryptocurrencies in quest for huge returns
Traders are garnering juicy returns by lending out cryptocurrencies as the fast-growing field of decentralised finance throws up new but highly risky ...
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Cryptocurrencies Are on FinCEN's First 'National Priorities' List
FinCEN has been wrestling with its approach to cryptocurrencies since late 2020, when a hotly debated rule was floated by the Treasury Department ...
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Elon Musk thinks its Okay to Endorse the CCP with their Human Rights Abuses but Bitcoins Carbon Emissions are too much for Him
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Submitted June 30, 2021 at 11:03PM by Dwez1337 https://ift.tt/2SGRcVe https://ift.tt/2Z7cX2s
Submitted June 30, 2021 at 11:03PM by Dwez1337 https://ift.tt/2SGRcVe https://ift.tt/2Z7cX2s
U.S. Citizens Will Soon Be Able To Buy Bitcoin Across 650 Banks
https://ift.tt/3yoOOll
Submitted June 30, 2021 at 08:44PM by Professional_Pilot21 https://ift.tt/362lnJB https://ift.tt/2Z7cX2s
Submitted June 30, 2021 at 08:44PM by Professional_Pilot21 https://ift.tt/362lnJB https://ift.tt/2Z7cX2s
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