Tax-Free Bitcoin Mining, Robinhood Debuts on Nasdaq and Other News »alt =» Bitcoin mining duty free, Robinhood debuts on Nasdaq and 101 other news »class =» content-img »/> Source: Adobe / Konstantin Yolshin

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Mining news

  • Compass Choice & Mining crypto platform , a marketplace for Bitcoin (BTC) miners, She said her US-based clients can now mine bitcoins directly into their personal retirement accounts (IRAs) ‘without triggering an event taxable”. “By mining in a Choice account, Compass miners can avoid income taxes on mining income, either short-term or indefinitely, depending on the type of IRA they use,” the market said. According to the announcement, Choice’s extended platform manages more than 125,000 retirement accounts, with more than $ 18 billion in custodial assets over more than 20,000 assets.
  • holding Stakes from Generation Greenidge , the parent company of cryptocurrency mining service provider Generation Greenidge , She said it will invest the proceeds from its zero-emission Bitcoin mining operation in New York state to accelerate the closure of an ash dump. 40-year-old coal plant in the Finger Lakes region and create a new on-site solar farm. company intends to cooperate with the New York State Department of Environmental Conservation to plug and close the landfill and relinquish its existing permit to operate the site, they said.

Investment news

  • Trading application Robin Hood has Announced secured a $ 32 billion valuation through its initial public offering (IPO) and is set to debut on Nasdaq today, July 29. Its Class A common shares have been valued at US $ 38 per share and are intended to use the funds raised for working capital, capital expenditures, finance anticipated tax liability and expand contracting efforts.
  • Venture capital company Binance Laboratories Announced a strategic investment in a creative and non-expendable token manufacturing company (NFT) NFKings . NFKings trademarks and intellectual property will feature its NFTs on the exchange’s NFT platform.
  • Metaverse Plays to Win Making Guild Games raised $ 12.5 million through its token sale, in which the entire allotment was sold in 31 seconds, the team announced. After the sale, the team will subsequently launch YGG DAO (Decentralized Autonomous Organization), which will distribute the sold tokens to the community first.
  • Decentralized live streaming platform Live Companion (LPT) raised $ 20 million in a Series B funding round led by an investment firm DCG , according to VentureBeat.
  • Cryptocurrency exchange platform CoinDCX is in talks to close a new funding round of $ 100 million – $ 120 million, Economic Times reported, citing unknown sources. round will reportedly be led by Facebook co-founder Eduardo Saverin Grupo B Capital , joining existing investors such as Polychain Capital and Coinbase Ventures .
  • Brands Animoca said it had acquired 100% of indie game developer Studios Blowfish for a down payment of US $ 6.6 million plus payments of up to US $ 19.2 million subject to certain employment and performance goals. Blowfish is the developer of Siegecraft® and the publisher of the upcoming Winter Ember, among others.

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Exchange news

  • Crypto platform OKCoin has Announced that it has obtained approval ‘In principle’ from Malta’s Financial Financial Services Authority (MFSA) and formal registration by the Dutch Central Bank (DNB). se two licenses will allow it to offer easier access to cryptocurrencies to its European customers, they said.
  • Mexico’s Financial Information Unit (UIF) accused 12 cryptocurrency exchanges of operating illegally, El Economista reported. names of the exchanges were not disclosed, but the head of the FIU said that combating money laundering through cryptocurrencies is a priority for the watchdog.
  • Cryptocurrency exchange app FTX – Blockfolio owns Announced has been renamed to FTX , with the name change automatically applied across the board. application’s trading is integrated through exchanges. FTX.COM AND FTX.US , depending on the user’s location.

Regulatory news

  • Crypto platform BlockFi stated that the New Jersey Bureau of Securities has postponed the order to stop opening new interest-bearing accounts (BIA) until September 2, from the previous deadline of July 22. platform reiterated that the call to avoid creating new BIA accounts does not apply to its existing BIA clients.

Politic notices

  • Cryptocurrencies are expected to be included in a major trade agreement between Japan and the US Starting in 2019, adding a separate annex to the existing agreement, or redefining the interpretation of that agreement to include regulation of cryptocurrencies. declared RANDOM thinking tank Sale Lilly Senior Political Analyst and Senior Political Scientist Scott Harold. y added that while the agreement only covers the relationship between the United States and Japan, it is also a step forward, making it particularly important for the crypto space.

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Crime news

  • A South Korean cryptocurrency trader was stolen more than HKD 3 million ($ 128,500) in cash at gunpoint when he went to meet a BTC seller in Hong Kong, according to the South China Morning Post. reported. Investigators from the Yau Tsim District Crime Team are investigating, but have not yet located the suspects.

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