Connect with us

Blockchain

Iranian government plans to tighten the crypto mining regulations.

Avatar

Published

on

The vice president of Iran, Eshaq Jahangiri, announced an official government decree designed to tighten its control over the growing crypto mining industry and throw out illegal operators in the country. According to the directive, all crypto miners have to register their identity with the Ministry of Industry, Mines, and Trade. Crypto miners must also disclose the number and type of equipment used to mine digital currencies. Officials have given crypto miners one month to comply with the new order. 

Iranian government plans to tighten crypto mining regulations.

The Iranian Ministry of Industry, Mines, and Trade will publish a list of sanctioned mining facilities that block reward miners must use if they intend to operate within the country. The crypto miners in Iran may apply for an activity license, and all licensed mining centers must register the delivery receipt on their system. However, government orders did not specify the penalties for failing to comply with the new measures. Currently, most of the crypto mining activities happen in China. Earlier, an industry report revealed that Iran had issued over 1,000 block reward mining licenses.

Iran embraces crypto mining as it faces economic sanctions from the USA. 

Iran embraced the crypto mining industry in an attempt to evade the economic impact of the US sanctions put in place by the Trump administration. In 2018, Iran’s President Hassan Rouhani allegedly even thought of launching a central bank-backed digital currency. According to Bitcoin Mining Map, Iran already has roughly a 3.5% share of BTC’s total hash rate. Iran is a top market for BTC mining as the country granted over 1,000 block reward mining licenses. Many of which have gone to China mining operators flooding in searching for even cheaper electricity prices inside the energy-rich nation where electrical costs are state-subsidized. 

Source: https://coinnounce.com/iranian-government-plans-to-tighten-the-crypto-mining-regulations/

Blockchain

Venezuela May Soon Be Collecting Taxes in Crypto

Avatar

Published

on

The Bolivarian Council of Mayors in Venezuela signed the so-called “National Tax Harmonization Agreement” for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions.

The cryptocurrency is becoming increasingly widely used as the result of a new campaign. 

According to the government, the vice president of Venezuela, Delcy Rodríguez, will be in charge of implementing a single registry of taxpayers through a digital consultation tool.

She will also be in charge of creating an information exchange and monitoring system for companies to record payments in the state cryptocurrency.

In Venezuela, there are 335 mayors, with 91% of them under the mandate of the United Socialist Party of Venezuela, PSUV. Only 30 mayors are led by opponents of the regime of Nicolás Maduro. 

The non-Maduro-supported municipal governments are continuing to collect tax payments in the Venezuelan fiat currency, Bolívar, as some do not have the appropriate technology to process Petro payments.

Vice President Rodríguez commented in the announcement:

“It is the simplification of procedures, making the State’s administrative activity at the service of the people more efficient, of the economic sectors that stimulate economic activity in the productive and commercial areas, framed in this week of flexibility that began on Monday.”

The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of the new state-backed plan to promote widespread use of the token.

According to reports from local media outlets, 40% of the PTR transactions passed through the foreign petrol stations.

Source: https://cointelegraph.com/news/venezuela-may-soon-be-collecting-taxes-in-crypto

Continue Reading

Blockchain

Animoca Targets Non-Crypto Gamers by Developing Big Brand Games

Avatar

Published

on

While investment is heating up in the blockchain gaming sector, a common criticism of crypto-powered games has been how to secure users from outside of the cryptocurrency space.

Blockchain gaming powerhouse, Animoca Brands, believes that acquiring mainstream games with loyal players and exposing them to the benefits of blockchain and distributed ledger technology (DLT) is the best way to attract new audiences into crypto.

Cointelegraph spoke to Yat Siu, the chief executive of Animoca Brands, to learn about his firm’s strategy for bridging the gap between the mainstream gaming and crypto worlds.

Animoca Brands has quickly emerged as a leading firm within the crypto gaming sector, securing a global licensing agreement with Formula 1 ahead of its F1 Delta Time release, and announcing a $3 million initial exchange offering (IEO) for its title The Sandbox on Binance’s launchpad last week.

Siu described The Sandbox as a prime example of how strategic acquisitions have allowed Animoca to capture non-crypto-native audiences and expose them to blockchain technologies.

“When we do acquisitions, we’re not buying companies that are necessarily blockchain-related,” Siu said. “When we acquired the company Excel, it was a traditional mobile game developer that had the Sandbox game that wasn’t yet fully on blockchain, although they had the vision to go there,” he continued.

“We’re not just acquiring a talented team that could make stuff on blockchain, but we are also acquiring customers that already play the game — and these are gamers that we can transfer over.“

A stake in a game’s success

Siu emphasized that Animoca’s seeks to acquire games that “already have a captive audience that is already generating revenue [and] already loving the product as it is.”

“By giving it the benefits of blockchain technology, those gamers will get an additional benefit that we think is very powerful,” he added.

Siu described blockchain as driving a disruption to the gaming industry akin to the emergence of online gaming, but with very different concepts around “ownership and value.”

“Ownership allows [gamers] to actually have a stake in the success of the game.”

Source: https://cointelegraph.com/news/animoca-targets-non-crypto-gamers-by-developing-big-brand-games

Continue Reading

Blockchain

Flipstarter Campaign Launched to Create Viral BCH Videos for Normies

Avatar

Published

on

Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the cause.

The last video produced by Otto garnered more than 100,000 views across various social platforms. He was also behind a controversial viral video last year showing a Bitcoin double spending exploit of the Binance-backed TravelbyBit payment network

The campaign aims to raise 650 BCH (nearly $180,000) and has garnered 192.52 BCH (roughly $53,000) in donations already in the first 48 hours.

The campaign is hosted on Flipstarter, a BCH-powered fundraising platform that has facilitated more than 2,900 BCH worth of contributions toward various initiatives in support of  Bitcoin Cash development.

The funds will be used to create videos with a budget of either $5,000 or $10,000 each to be posted to Youtube, Lbry.io, and Bitchute, alongside other “alternative streaming sites.” 

Fund marketing, not development

Otto told Cointelegraph he decided to start the campaign after noting several BCH supporters “saying that they would prefer to donate to Bitcoin Cash marketing rather than development.”

Otto has spearheaded numerous marketing initiatives for BCH over the past three years, including “producing video content for online audiences, […] running meetups, or putting up signs/billboards.”

Otto asserted that financial support from the community would allow him to “supercharge” his promotional efforts. 

BitcoinBCH.com’s fleet of promotional vehicles

BitcoinBCH.com’s fleet of promotional vehicles

Otto emphasized the importance of exposing non-crypto-native audiences to Bitcoin Cash, telling Cointelegraph: “One mistake Bitcoin Cash supporters have made is that they have attempted to convert people to Bitcoin Cash that are already involved in cryptocurrency and ingrained in their beliefs.”

“There has been some success with getting this type of person on board […], but the target audience is too small,” he said.

Otto added that many “people who are already involved in crypto […] are price speculators” who desire “to make a quick buck on hype and things that’ll never achieve any real-world adoption.”

“It is far more effective to target individuals and businesses who have not yet experienced cryptocurrency, which is like 99% of the people on the planet.”

The Bitcoin Cash community partnered with rapper Lil Windex to release a music video and single title Bitcoin Ca$h in 2018. The video has more than 1.5 million views on YouTube.

Source: https://cointelegraph.com/news/flipstarter-campaign-launched-to-create-viral-bch-videos-for-normies

Continue Reading
Energy5 hours ago

Copper Foil Market Size Worth $10.3 Billion By 2027 | CAGR: 9.7%: Grand View Research, Inc.

Energy5 hours ago

Corundum Market Size Worth $3.5 Billion By 2027 | CAGR: 4.0%: Grand View Research, Inc.

AR/VR6 hours ago

Mozilla is Shuttering its XR Team Amidst Major Layoff, But ‘Hubs’ Will Continue

Energy6 hours ago

New Energy Challenger, Rebel Energy, Places Blue Prism Digital Workers at the Heart of its Launch Plans

Science6 hours ago

Teknosa grows by 580 percent in e-commerce and pulls its operating profit into positive territory in Q2, despite the pandemic

Science6 hours ago

Novo Ventures Portfolio Company F2G Closes US$60.8 Million Financing

Science6 hours ago

F2G Closes US$60.8 Million Financing to fund late stage development of novel mechanism antifungal agent

Publications7 hours ago

Putin’s plan for Russia’s coronavirus vaccine is at ‘high risk of backfiring,’ expert says

Publications7 hours ago

UK enters recession after GDP plunged by a record 20.4% in the second quarter

Gaming7 hours ago

Another Steam Game Festival Is Coming In October

Science7 hours ago

Top 25 Nationally Ranked Carr, Riggs & Ingram (CRI) Welcomes Cookeville-Based Firm, Duncan, Wheeler & Wilkerson, P.C.

Science7 hours ago

Avast plc Half Year Results For The Six-Months Ended 30 June 2020

Cyber Security7 hours ago

Russian hackers steal Prince Harry and Meghan Markle photos via Cyber Attack

Gaming7 hours ago

Oddworld: New ‘N Tasty Coming To Switch In October

Gaming7 hours ago

Linkin Park’s Mike Shinoda Is Writing A Song For Gamescom 2020

Cyber Security7 hours ago

Texas School District experiences DDoS Cyber Attack

Gaming7 hours ago

‘EVE: Echoes’ from CCP Games and Netease Is Now Available Early on the App Store, Servers Go Live Tomorrow

Gaming7 hours ago

Hans Zimmer Created An Extended Netflix “Ta Dum” Sound For Theatres

Cannabis7 hours ago

Everything you need to know about the Exxus Snap VV

Private Equity7 hours ago

How Valence Aims to Provide Better Access and Funding for Black Founders & Executives

Gaming7 hours ago

Netflix Is Getting An R. L. Stine Fear Street Film Trilogy In 2021

Blockchain8 hours ago

Venezuela May Soon Be Collecting Taxes in Crypto

Gaming8 hours ago

The Last of us Part 2 gets Grounded, permadeath, and unlockable modifiers in latest update

Payments8 hours ago

A bankers guide to AI Part 3. Does the AI have more than one purpose? What is the roadmap?

Blockchain8 hours ago

Animoca Targets Non-Crypto Gamers by Developing Big Brand Games

Blockchain8 hours ago

Flipstarter Campaign Launched to Create Viral BCH Videos for Normies

Publications8 hours ago

Stock futures slightly higher after S&P 500 snaps seven-day winning streak

Blockchain9 hours ago

CoinShares: ‘Bitcoin Is Like a Risky Tech Stock’’

Cyber Security9 hours ago

Digital signatures security explained

Cyber Security9 hours ago

How to secure Syslog with USM Anywhere

Cyber Security9 hours ago

Turning ocean plastic waste into eco-friendly bank cards

Esports9 hours ago

Tfue finally tastes victory in Fall Guys after 7 hours of playtime

Payments9 hours ago

Stablecoin News for the week ending Tuesday 11th August

Energy9 hours ago

Prosperity Capital Management kommentiert die Ergebnisse der außerordentlichen Hauptversammlung von Petropavlovsk

Blockchain9 hours ago

How Not To Lose Everything During the Bull Run

Gaming9 hours ago

Xbox Series X planned for launch in November

Blockchain9 hours ago

Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Gaming9 hours ago

Final Fantasy 14 Patch 5.3 brings Shadowbringers story to a close

Gaming10 hours ago

Shortest and fastest Adventures – Destiny 2

Blockchain11 hours ago

NEAR Token Sale Postponed After CoinList Is Overwhelmed by Demand

Trending