july updates
Core Scientific Sold 1,975 Bitcoins More That It Mined in July
Core Scientific mentioned that curtailment activities related to power shutdowns limited its Bitcoin production activities during the month of July. The company, however, said it mined more Bitcoins during July than the previous month.
UK Tax Authority Updates Its Guidelines for Crypto Taxation
HMRC updates its guidelines for crypto – taxation, relating to both individuals and businesses. The new guidelines explicitly state that crypto-currencies are not considered as ‘money.’
China Updates Smart City Infrastructure with Blockchain-Based City Identification System
China Updates Smart City Infrastructure with Blockchain-Based City Identification System
IOHK Rolls Out Shelley Upgrade to Cardano Ahead of Public Participation on the 7th of July
IOHK rolls out Shelley upgrade to Cardano ahead of public participation on the 7th July
Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country.
Cardano’s Charles Hoskinson Introduces New Feature to Enable Partial Staking in Multiple Stake Pools
IOHK CEO Charles Hoskinson recently introduced Cardano’s delegation portfolios and hardware updates for Cardano in a recent YouTube video.
IRS Updates 1040 Income Tax Form, Lays Traps for Crypto Tax Cheats
The IRS plans to update the 1040 income tax form for 2020 to make it more difficult for taxpayers to avoid declaring their crypto assets.
China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted
One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external organizations. Reported by Xinhua news, these organizations include state-owned banks and foreign banks.
Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters
Russia’s Ministry of Finance has issued an amendment to its current cryptocurrency regulations. The amendments also come with stricter sanctions.
EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why
EIP-1559, an Ethereum Improvement Protocol set to launch in July, has been touted as a game-changer that will address the issue of rising gas fees on the network.
Cardano (ADA) Price Surges Over 75 Percent as the Crypto Becomes the 8th Largest by Market Cap
Input Output Hong Kong (IOHK) the blockchain development company behind the Cardano blockchain has recently released updates for Goguen, its next phase.
Cardano’s Stake Pools Reached 700 Just Five Days after Successful Shelley Hard Fork
Cardano’s Shelley hard fork was successfully launched on July 29, and within 8 hours, 267 stake pools have already registered. The Shelley hard fork took Cardano’s network into its second phase of development, succeeding the Byron era. The Shelley update enables Cardano to become more decentralized and autonomous.