BTCNews

CleanSpark, a Bitcoin miner located in Nevada, has just signed a new contract to double its mining capacity and extend into Texas. CleanSpark, a Nevada-based software and Bitcoin mining firm, has signed a deal with Lancium, a Texas-based energy company, to add up to 500 megawatts (MW) of mining power to its operations. The mining business, which trades on Nasdaq under the symbol CLSK, aims to complete 50 MW of its Texas expansion by the end of this year and another 150 MW by spring 2023. The deal allows for the addition of additional 300 MW, although no specific dates for when this electricity will be deployed have been set. CleanSpark's mining capacity will ultimately reach 20 exahash per second (EH/s) or 20 million terahash per second (TH/s) as a result of the expansion into Texas, which involves adding M20,000 Bitmain S19 mining rigs to its existing 22,000 miners. EH/s is a unit of measurement for the amount of compute power utilized in a blockchain network. For example, t...

Unstoppable Domains has partnered with Blockchain.com to let wallet users to utilize NFT usernames instead of alphanumeric addresses. What's in a name, anyway? Hopefully not a lot of weird characters and digits if you have a Blockchain.com wallet. According to a statement made today by Web3 domain name supplier Unstoppable Domains, the wallet-cum-exchange will allow all 82 million of its wallet users to tie their alphanumeric addresses to human-friendly NFT domain names. People may buy Unstoppable Domains domain names with one of ten extensions—.bitcoin,.coin,.crypto,.dao,.nft,.wallet,.x,.zil,.888, or the soon-to-be-released.blockchain—and use them with their Blockchain.com wallets. This allows folks to see who they're dealing with more easily. You can transfer ETH to Joe.crypto instead of the address starting with 0x631d. Unstoppable Domains is comparable to Ethereum Name Service in this way, which allows users to tie their.eth domain names to their wallets. In a news rele...

After the enormous Ronin heist revealed on Tuesday, the long-awaited Axie Infinity: Origin will be released a week late. Axie Infinity creator Sky Mavis disclosed earlier this week that its Ronin Network sidechain had been hacked, with $622 million in crypto assets taken from the bridge connecting Ronin to Ethereum. The designers have now decided to postpone a long-awaited update to the play-to-earn game due to the security vulnerability. The alpha edition of Axie Infinity: Origin, a vastly enhanced version of the NFT-driven monster-battling game, was set to premiere today. The Origin launch has been pushed back a week to April 7 owing to the consequences from the exploit, which occurred on March 23 but was found and revealed earlier this week. "While the game is ready for soft launch, we've opted to offer the engineering and security teams an extra window of time to thoroughly evaluate all consequences of the hack before requesting their full focus to support Origin's...

Today, the European Parliament decided to implement new regulatory restrictions that will effectively ban anonymous bitcoin transactions. The vote was initially reported by CoinDesk, and Valeria Cusseddu, advisor to the Committee on Economic and Monetary Affairs, confirmed it to Decrypt shortly after. The ECON and LIBE committees approved a proposal requiring cryptocurrency service providers, including as exchanges, to gather personally identifiable information from individuals who transfer more than 1,000 euros using so-called unhosted bitcoin wallets. Despite a few close votes on modifications, the final text was unanimously adopted. The law must first go through tripartite meetings between the EU Parliament, European Commission, and European Council in order to be officially enacted. Nonetheless, the law is unlikely to be derailed as a result of this procedure. Non-custodial wallets that do not rely on other parties are referred to as unhosted wallets. MetaMask, WalletConnect, a...

Players of Storybook Brawl are outraged about FTX's acquisition of the game's developer, Good Luck Games. Game Developer Faces User Backlash Following FTX Acquisition The producer of the free-to-play game Storybook Brawl, Good Luck Games, was purchased by crypto exchange FTX last week. According to PC Gamer, Storybook Brawl fans are now requesting that the game be removed off Steam, a prominent gaming site where users can buy, play, create, and discuss PC games. One review on Steam stated, "Good Luck Games was acquired by FTX, a cryptocurrency startup, as a strategy to 'help crypto make inroads with players.'" "I don't want any part of it, and I don't want crypto 'infiltrating' my interests. Uninstalled." Another reviewer stated that they "can't support a game that brings NFT frauds on Steam," and that this "should be outlawed all over the world." Since FTX bought Good Luck Games, the reviews have plummeted to ...

Margarita Delgado, deputy governor of the Bank of Spain, shared her thoughts on cryptocurrencies and how they are raising hazards in today's economy. Delgado said at a PWC event dubbed "A climate of change" that the ongoing and extended use of cryptocurrencies could pose a variety of problems to the 12 percent of the population who now own crypto. The Bank of Spain's Deputy Governor Examines Crypto Risks Margarita Delgado, the deputy governor of the Bank of Spain, has expressed her views on the use of cryptocurrencies and how they may damage the country's economy. The remarks were made at a speech delivered at an event named "a climate of change" organised by the multinational professional services network PWC, which focused on the changing character of the financial sector. The deputy governor warned that the widespread usage of cryptocurrencies poses a number of systemic dangers, including the overall lack of information among those who utilise these a...

Yield App Passes ‘Proof of Reserves’ Audit to Bolster Safety and Accountability of Deployed Digital Assets Yield App , one of the fastest-growing and most reputable digital wealth platforms, recently underwent a comprehensive 'proof of reserves' examination. Armanino LLC , the agency in charge of auditing Kraken, one of the world's largest and most trusted bitcoin exchanges , completed the inspection. Yield App completed the audit with flying colours, reaffirming its commitment to the safety and accountability of assets put by clients into Yield App portfolios.  Yield App Passes ‘Proof of Reserves’ Audit to Bolster Safety and Accountability of Deployed Digital Assets. What does it mean to have "evidence of reserves"? A proof of reserves is a third-party audit of a company's balance sheet, such as one undertaken by Armanino LLP . Customers can verify that the digital asset service providers they utilise have adequate assets on their balance sheets to offset t...

According to Russian Deputy Minister of Energy Evgeniy Grabchak, the legal vacuum in the crypto mining business must be closed "as quickly as feasible." Instead of regulating crypto farms at the federal level, the government official suggested creating regional quotas for them. Regional Energy Quotas for Crypto Miners are proposed by a Russian official. During Russia's first national meeting of licensed bitcoin miners, held recently in Irkutsk, Evgeniy Grabchak demanded that cryptocurrency mining be regulated shortly. The Siberian oblast has been branded "Russia's mining capital," with power costs starting at $0.01 per kWh. Coin minting in the region has increased since China cracked down on the business last May. Grabchak elaborated, as quoted by Tass: Because of the legal void, regulating this industry and establishing transparent rules of the game is challenging. It must be removed as quickly as feasible... In the current situation, we don't have any ...

Bake N More, a café in Dubai, is the latest establishment in the area to accept cryptocurrencies as a form of payment. Bake N More's owner, Mohammad Al Hammadi, alluded about the possibility of paying staff salary in bitcoin as well. In the United Arab Emirates, there is a crypto hub Bake N More, a Dubai-based cafe, is the latest business to accept cryptocurrencies as a payment method. Despite this, Bake N More will continue to take cash and credit card purchases, according to the owner. According to comments made by owner Mohammad Al Hammadi in an article by Khaleej Times, the decision to add cryptocurrency to the list of payment options was taken in order to broaden Bake N More's reach. The decision, according to Al Hammadi, was made because they "want Bake n More to be a coffee and pastry center for crypto users in the UAE." Al Hammadi is mentioned in the paper outlining how Bake N More would charge clients who bought a cup of coffee using bitcoin. He elaborated: B...

In a crisis-stricken country, the central bank Residents dealing with cryptocurrencies in Sudan have been cautioned that they face a number of hazards, including the loss of value. The warning comes as Sudan struggles with an economic crisis that has deteriorated since the military toppled the civilian administration. Sudan's Economic Crisis Is Getting Worse According to a source, Sudan's central bank has advised residents against using or trading cryptocurrencies as the country's currency continues to fall. Those interacting with crypto assets face dangers such as loss of value, financial crimes, and electronic piracy, according to the report. The CBOS, however, has advised that citizens engaging with cryptocurrency face legal dangers, according to a story published by Sudan News Agency. Such concerns, according to the central bank, derive from cryptocurrencies' failure to be classified as "money or even private money and property" under the country's reg...

The Bitcoin network, Ethereum scaler Polygon, and Solana are among the eight additional blockchains that Opera now supports. Opera, a popular web browser, announced today that it will support up to eight additional blockchain networks, making it easier to access decentralised programmes (dApps) and services. Popular projects such as Bitcoin, Polygon, and Solana, as well as StarkEx, Ronin, Celo, Nervos, and the Cosmos-based IXO, are among them. Polygon dApps are now available on Android, desktop PCs, and Android via the company's revolutionary Web3-native browser, the Crypto Browser Project. Opera released a public beta version of their new Crypto Browser Project for mobile and desktop devices earlier this year. The Crypto Browser Project is a stand-alone browser that has built-in dApp compatibility as well as a non-custodial cryptocurrency wallet. Crypto Corner, a hub for the latest crypto news, prices, gas fees, and market sentiment, as well as scheduled airdrops, educational co...

The 200,000 Bat Cowl NFTs will be inspired by Batman's comic book past and will offer a variety of perks. DC's engagement with Palm NFT Studio for the DC FanDome streaming event last autumn was only the beginning of the comic book giant's NFT aspirations. The firms announced today that Batman-themed NFTs will be released in April, with two years of guaranteed advantages. The Bat Cowl Collection, which will debut on April 26, will include 200,000 NFTs, each showing a 3D replica of the superhero's famous mask, or cowl. Each NFT will be one-of-a-kind, drawing inspiration from Batman's 83-year comic book history and showcasing a variety of colors, styles, and mask forms. Each NFT will set you back $300. An NFT functions similarly to a blockchain-backed receipt in that it establishes ownership of a digital object. The Bat Cowl NFTs will be minted on Palm, an Ethereum sidechain scaling solution that makes transactions quicker, cheaper, and more energy efficient than on th...

A member of the Indian parliament has pushed the government to raise the tax rate on cryptocurrency income from the existing proposed rate of 30%, claiming that cryptocurrency trading is similar to gambling. He's also asked for a goods and services tax (GST) to be levied on the whole value of crypto transactions. A member of the Indian parliament wants to tax cryptocurrency income at a rate of more than 30%. The Rajya Sabha, India's upper house of parliament, is now debating India's Finance Bill 2022, which includes a proposed 30% tax on crypto revenue. Sushil Kumar Modi, a member of Parliament, is said to have asked the government on Monday to raise the tax rate on bitcoin revenue from 30% to 40%. He stated, " I would like to request the finance minister that the 30% tax that you have imposed on crypto, please consider in the coming days if this tax can be further increased. Parliament member Modi argued that cryptocurrency is not a commodity, an asset, goods, or a se...

According to a recent suggestion, firms working with non-custodial crypto wallets should obtain personal information about the wallet's owner. The European Union is exploring a regulation strategy that would target "unhosted wallets"—wallets that are not held by a third-party intermediary and are also known as non-custodial. MetaMask, WalletConnect, and hardware wallets like Ledger and Trezor are examples of non-custodial wallets. The European Commission has suggested a proposal that would require crypto service providers to collect personal data from their clients. "In the case of a transfer of crypto-assets from or to an unhosted wallet," according to the proposed EU Commission text, "the crypto-asset service provider or other obliged entity should obtain and retain the required originator and beneficiary information from their customer, whether originator or beneficiary." Furthermore, if the service provider notices that the information given is err...

According to the most recent statistics from Crypto Compare, the total aggregate digital assets under management (AUM) increased to $48.7 billion in March from $43.9 billion in January. During this time, however, average daily trade volumes decreased by 29.6% to $259 million. Products for BTC and ETH are behind. The entire aggregate digital assets under management (AUM) surpassed $48.7 billion in March 2022, according to the latest statistics from Crypto Compare (CC). According to the statistics, this month's AUM is up $4.8 billion, or 11.1 percent, over January's $43.9 billion. Crypto Compare observed in its research that the increase in total aggregate AUM corresponded with a time when bitcoin and ethereum-backed products trailed behind. The following is taken from the report: Surprisingly, Bitcoin and Ethereum-backed assets trailed others and basket, with relative increases of 17.5 percent to $1.81 billion and 9.46 percent to $773 million, respectively. Meanwhile, BTC and ...

Anonymous, a hacking collective, is said to have released a substantial amount of data allegedly belonging to the Bank of Russia. The announcement comes after the group claimed earlier this week that it had hacked Russia's central bank, a claim disputed by Moscow's monetary authorities. Anonymous Makes Leaked Bank of Russia Documents Public A group linked to the international hacktivist collective Anonymous, known as @Thblckrbbtworld (The Black Rabbit World), has announced the release of 28GB of data taken from Russia's Central Bank (CBR). Another hacker-linked Twitter account, @YourAnonTV (Anonymous TV), corroborated the storey. JUST IN: The Central Bank of Russian Federation leak (28 GB) has been published by #Anonymous hackers (@Thblckrbbtworld).#Ukraine #OpRussia 🔻 https://t.co/msXQ24qDZ2 — Anonymous TV 🇺🇦 (@YourAnonTV) March 25, 2022 Anonymous announced on Thursday that it had hacked the CBR and promised to expose over 35,000 files in the next 48 hours. They conta...

Rio de Janeiro, one of the continent's most prominent cities, has announced that citizens would be able to pay taxes using cryptocurrencies. It is the first city in the country to do so, realising that the bitcoin market is booming. These initiatives are part of a long-term strategy that will see the city invest some of its funds in crypto assets. Rio de Janeiro will increase the number of tax payment options available. The city of Rio de Janeiro has announced plans to include cryptocurrency in its tax payment choices. Officers of the municipality disclosed plans to begin collecting cryptocurrency for a local tax dubbed the IPTU next year at a recent ceremony attended by the city's mayor, Eduardo Paes. This tax is based on the value of inhabitants' properties and is collected by the municipality. Rio de Janeiro has become the first city in Brazil to accept cryptocurrencies for tax payments. According to a press release, the city will have to rely on third-party corporat...

The federal income tax filing date is April 18, 2022. You can get an automatic income tax extension by filling out IRS Form 4868 if you need more time. You have until Oct. 17, 2022, to file your taxes under this arrangement. We appreciate that this is a complicated issue if you've never done it before, and even if you have, navigating the forms and process can be challenging. Let us give you some pointers to make things go more smoothly. What is the procedure for requesting an extension? A tax extension can be requested online or by mail. You should request an extension before the April 18 deadline to avoid an IRS late-filing penalty. Examine your tax software to check if it accepts Form 4868 for tax extensions. The majority of them do. To learn how to file a tax extension electronically, simply follow the program's instructions. The IRS will email you an electronic acknowledgment when you submit the form. You can also request for a tax extension on paper by filling out Form 48...

Living in the United States is getting increasingly expensive, with rising inflation occurring at a time when the COVID-19 pandemic and Russia's invasion of Ukraine are also having an influence. Some state governments have looked to implement programmes that benefit the most vulnerable individuals, such as a prospective gas stimulus check, inflation stimulus payments, and more. We'll have the most up-to-date financial news and information from the United States in this live blog. How to request a 2022 tax extension The time to file your federal income taxes is quickly coming, with the deadline set for April 18, 2022. However, if you fill out IRS Form 4868, you can seek an extension until Oct. 17, 2022. To avoid a penalty, you must pay your tax before this date, hence it is recommended that you pay at least 90% of your actual tax debt before the deadline. In the United States, what day of the week is the cheapest for gas? In March, the average price of gasoline in the United Sta...