UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

by webwriter | Aug 12, 2022 | Crypto Updates

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the...

MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum

by webwriter | Aug 12, 2022 | Ethereum News

MakerDAO (MKR) founder Rune Christensen has asked DAO members to consider converting its $3.5 billion USDC reserves to Ethereum (ETH) because of the extent of the Tornado Cash sanctions.MakerDAO is considering a $3.5 billion ETH market buy, converting all USDC from...

BTC mining stocks double in a month as production ramps

by webwriter | Aug 12, 2022 | Bitcoin News

Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability and sharp increases in Bitcoin (BTC) production.Crypto mining companies Marathon Digital Holdings at...

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022

by webwriter | Aug 12, 2022 | Crypto Updates

This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has...

Solana, Avalanche Meet Stiff Resistance

by webwriter | Aug 12, 2022 | Market News

Key Takeaways Solana and Avalanche are trading below significant supply zones.  Failing to overcome these hurdles could trigger corrections. SOL needs to close above $46, while AVAX needs to break above $31 to advance higher.  Share this article While Ethereum is...