Crypto News Cast For August 22nd 2022 ?

Crypto News Cast For August 22nd 2022 ?
Crypto News Cast 📮 22-08-2022

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1010 B
📊24h Mcap %:       -11.50%
⚠️Bitcoin Dom:        40.30%
📌Active Coins:       11865
📍24h Vol %:           3.10%
💲24h Vol:               $65 B

Crypto News Updates :

  • Bitcoin Mining Gets Texas Senator’s Praise As A Net Benefit For The Environment
  • FTX Revenue Reportedly Increased By 1000% In A Single Year
  • Cardano, According To Charles Hoskinson, Remains His Greatest Passion
  • Bitcoin network difficulty recovers, transaction fees drop below $1
  • South Korea mulls gift tax on airdrops, staking rewards, and hard-forked tokens


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– Bitcoin Mining Gets Texas Senator’s Praise As A Net Benefit For The Environment

According to Texas senator Ted Cruz, mining for Bitcoin (BTC) really benefits the environment, allaying long-standing worries about the asset’s energy usage. Cruz claimed that mining cryptocurrencies has a positive environmental impact, particularly if miners concentrate on using sustainable energy sources. Cruz made the argument that because bitcoin mining fosters entrepreneurship, it benefits the families who participate in the activity. Read Full on Finbold.

– FTX Revenue Reportedly Increased By 1000% In A Single Year

When Bitcoin (BTC) and other cryptocurrencies reached their all-time highs in 2021, FTX was one of the several crypto exchanges that had a front-row ticket to the euphoria surrounding cryptocurrencies. Internally Leaked documents claim that FTX’s income increased by 1000% between 2020 and 2021, going from $90 million in 2020 to $1.2 billion in 2021, driven by large customer onboarding, partnerships, sponsorships, and other reasons. Read Full on cointelegraph.

– Cardano, According To Charles Hoskinson, Remains His Greatest Passion

Charles Hoskinson, CEO of Input Output, stated recently on Twitter that Cardano is still his top priority. Hoskinson asserts that he won’t be leaving the project, demonstrating his dedication to it. He thinks Cardano has the ability to transform billions of people’s lives. His remarks were made in the midst of the Cardano testnet dispute. The team has been working diligently to strike the ideal balance between user experience, security, and quick delivery. Read Full on U.Today.

– Bitcoin network difficulty recovers, transaction fees drop below $1

In the recent upgrades on Bitcoin Network have recovered Bitcoin’s mining difficulty and the transaction fees have dropped below $1 for the first time in the last two years. This is good news for Bitcoin miners and investors alike, as it indicates that the Bitcoin network is once again stable and secure. the drop in Bitcoin transaction fees is due to a combination of lower mining difficulty and recent Bitcoin upgrades. However, the main reason for the decrease is the falling market prices of Bitcoin. Read Full On CCNC.

– South Korea mulls gift tax on airdrops, staking rewards, and hard-forked tokens

South Korea has been postponing crypto gains tax for a few years now, but it looks like they may finally be ready to implement it. The South Korean Ministry of Strategy and Finance declared today that virtual asset airdrops, hard forked tokens, and staking rewards will be subject to the Inheritance and Gift Tax Act. This means that any transfers of virtual assets made by exchanges in the form of staking rewards, airdrops, or hard forked tokens will attract a gift tax. While this news may not be popular among crypto enthusiasts, it is important to remember that taxes are necessary in order to maintain healthy economies. Read Full On CCNC

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