Cloud Nine Web3 Technologies Retains Cryptocurrency Miner

Enters into service agreement that permits third party miner to access Cloud Nine’s unused computer processing power of its userbase for cryptocurrency mining Company continues to grow userbase through no-charge Limitless VPN (virtual private network) available at www.limitlessvpn.com Management anticipates commencing mining once userbase reaches 50,000 registered active users VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) — Cloud Nine Web3 Technologies Inc. (CSE: CNI) (OTC: CLGUF) (FRANKFURT: 1JI0) (“Cloud Nine” or the “Company”), a leading decentralized network and data storage technology company, announces it has entered into a third…

Cloud Nine Web3 Technologies Retains Cryptocurrency Miner to Monetize Operations

Enters into service agreement that permits third party miner to access Cloud Nine’s unused computer processing power of its userbase for cryptocurrency mining Company continues to grow userbase through no-charge Limitless VPN (virtual private network) available at www.limitlessvpn.com Management anticipates commencing mining once userbase reaches 50,000 registered active users VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) — Cloud Nine Web3 Technologies Inc. (CSE: CNI) (OTC: CLGUF) (FRANKFURT: 1JI0) (“Cloud Nine” or the “Company”), a leading decentralized network and data storage technology company, announces it has entered into a third…

Strategies for trading cryptocurrency during a correction, explained

A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a market crash. Corrections are often the result of a minor event, such as low trading volumes or other technical factors. They, therefore, occur fairly regularly,…

Achieving Sustainability in Cryptocurrency | Ripple

Addressing sustainability in fintech and crypto is more important than ever. As cryptocurrency becomes increasingly mainstream — with more financial institutions, companies like PayPal, Visa and Tesla and individual investors racing to leverage this technology — energy consumption has accelerated to already unsustainable levels.  The industry has a choice to make: Will we continue down an unsustainable path or can we work together and reduce our collective environmental impact? Last year, we partnered with Energy Web (EW) and the Rocky Mountain Institute (RMI) to decarbonize public blockchains — starting with…

SEC Cryptocurrency Industry Attack in the US

With the latest SEC cryptocurrency regulation tightening its grip on greater investor protection on digital currency, we remain confident after reviewing the SEC’s complaint today that we are on the right side of the law and of history. More reaction to today’s filing from our lawyers on the cryptocurrency market: “The SEC is completely wrong on the facts and law and we are confident we will ultimately prevail before a neutral fact-finder. XRP, the third largest virtual currency with billions of dollars in trading every day, is a currency like…

2020’s Standout Cryptocurrency Chainlink Reaches Another New Milestone

Chainlink (LINK), one of the best-performing alternative cryptocurrencies (altcoins) in 2020, saw another statistic reach a record high, namely the number of Twitter followers.  According to market data and research firm CryptoCompare, social media followers of the project are continuously surging past new highs. Researchers at CryptoCompare wrote: “LINK has been one of the standout altcoin performers of 2020 and seems to be going from strength to strength. Its social media followers seem to be growing in tandem as it gains popularity.” Social media metric of Chainlink relative to its…

The Bank of Lithuania Released a Cryptocurrency, But It’s for Collector

The Bank of Lithuania has released a digital, blockchain-based collector coin dedicated to the country’s Act of Independence of 1918 and its 20 signatories. Claiming a world first, the central bank says the digital coin represents “a bridge that brings together classical numismatics and rapidly evolving financial technologies.”  Issued on July 23, the new LBCOIN is intended both as a national symbol and as a signal of the bank’s strategic choice to drive innovation in the field of finance and payments. “Digital money is inevitable” Marius Jurgilas, a member of…

South Korea Finalizes Cryptocurrency Income Tax of 20%

The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules.  In a section headed, “Taxation on Virtual Asset Transaction Income,” the ministry introduced the new rules with a note that at present, both personal (resident and non-resident) and foreign corporations’ virtual assets are non-taxable.  The government states that introducing taxation for virtual assets is now necessary, pointing to the…

Mastercard Expands Cryptocurrency Program for Crypto Card Issuers

Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program. On July 20, Mastercard said it was simplifying access to its Accelerate program for crypto card issuers, allowing applicants to be onboarded as partners “in a matter of weeks.”  Now enhanced for crypto card applicants, the Accelerate program gives partners support with their market entry, continued growth and international expansion.  New crypto partners will be assisted in integrating Mastercard’s technology and will be in a position to…

Cryptocurrency Exchange OKEx Lists Polkadot’s DOT Token

OKEx has listed the native token of Polkadot (DOT) on its trading platform. According to an announcement shared with Cointelegraph on July 17, DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today. As Cointelegraph recently reported, Pokadot’s technology allows developers to spin up a new blockchain within one hour. Per the announcement, DOT deposits and withdrawals aren’t supported yet, and the tokens can currently only be obtained by claiming them on the mainnet from Ethereum’s blockchain. OKEx also recently published a detailed guide on…