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Genesis Digital Assets Expands Bitcoin Mining Capacity In Sweden

[Aug 21, 2023 7:00 AM] Genesis Digital Assets (GDA), one of the worlds largest Bitcoin miners in terms of hash rate, has announced the inauguration of its new mining facility situated in the northern reaches of Sweden, according to a press release sent to Bitcoin…

Bitcoin’s Transaction Backlog Surges Past 400,000

[Aug 20, 2023 10:30 AM] A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at…

Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan

[Aug 20, 2023 4:30 AM] Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will…

Dubai to Subsidize Commercial Licenses for Web3 and AI Companies

[Aug 18, 2023 6:00 PM] Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract…

XRP Ruling Needs Appeals Court Review, SEC Says

[Aug 18, 2023 3:13 PM] The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge's ruling that XRP sales through exchanges didn't violate securities law, a day after the judge said the SEC could present its argument.