Home ICYMI Gab Deletes All Tweets, Circle Moving to Bermuda, Bitmain Backs Bitcoin Cash...

Gab Deletes All Tweets, Circle Moving to Bermuda, Bitmain Backs Bitcoin Cash City Conference

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Gab deletes all of their tweets. Circle is moving to Bermuda. Iran announces power tariffs for cryptocurrency mining. Bitmain sponsors Bitcoin Cash City conference. Samourai denounces strange entity in Wasabi wallet’s CoinJoin implementation. Justin Sun cancels Warren Buffett lunch, and Robinhood reaches a record $7.6 billion valuation.

Gab Deletes All Tweets

Controversial social media platform Gab ghosted all of its tweets, leading some to speculate a cover-up of some kind was underway. One commenter alleged, “Gab was using their users’ computers for cryptomining” without permission. Analyst Tim Swanson reached out to the company for comment, and its legal team responded, “I can confirm that the cryptomining rumor is untrue. Their code is totally open source and available for inspection on their Gitlab site.” No word as to why tweets were deleted.

UPDATE: Gab clarifies tweet deletion

Circle Moves Exchange to Bermuda

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Circle is reportedly moving all exchange operations from the US to Bermuda, citing regulatory pressures as the main reason behind this move. The company fired 30 employees recently maybe as a preparation for this development. The company will hire the same number of employees in its new host country. Jeremy Allaire, CEO of Circle, declared, “The lack of regulatory frameworks significantly limits what can be offered to individuals and businesses in the U.S.”

Iran Announces Electric Tariffs for Crypto Mining

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The Iranian Economic Commission announced a new scheme of power tariffs directed at cryptocurrency miners has been finalized and is expecting approval from a higher level cabinet. While the power tariffs were not announced, it was revealed such fees will be heavily dependent on several factors like fuel prices in the Persian Gulf. Iran started pursuing cryptocurrency miners after a rise in power consumption of 10% in recent months.

Bitmain Now Platinum Sponsor Bitcoin Cash City Conference

Bitmain, the worldwide leader in cryptocurrency mining hardware, is now part of the Bitcoin Cash City Conference to be held in North Queensland just weeks from now. The conference will showcase how merchant adoption has skyrocketed in this Australian region, and will also feature some of the most prominent members of the Bitcoin Cash community such as Amaury Sechet, the lead developer of Bitcoin ABC. More details on the conference can be found here.

Samourai Reveals Deanonymizing Entity in Wasabi Wallet Transactions

Samourai Wallet, BTC maximalist platform, revealed the presence of a “deanonymizing entity” in the mixing processes of another important BTC wallet, Wasabi. This entity would be involved in nearly 60% of all mixing transactions corresponding to the wallet implementation of CoinJoin, a Bitcoin-based privacy solution. Samourai insisted, “It is highly doubtful that Wasabi is aware of this entity residing within their platform. But the question must be asked, if they missed this what else are they unaware of?”

Justin Sun Cancels Warren Buffett Lunch for Medical Reasons, Reports Claim Otherwise

Justin Sun, CEO of Tron, cancelled the much expected (and expensive) lunch with Warren Buffet due to health reasons. According to a tweet from the official Tron foundation account, the medical condition that caused this postponement is kidney stones. But reports from Chinese sources claim Sun had been issued with an exit ban by the government of China, and would not be able to leave the country in any case. Tron suggested the lunch would be rescheduled for a later, unannounced date.

Robinhood Reaches $7.6 Billion Record Valuation

Robinhood, the fee-free cryptocurrency and stock trading app, reached a record valuation of $7.6 billion dollars after its latest funding round of $323 million led by DST Global and other known venture capital firms. The company declared to CNBC this new injection of money would serve to keep “pursuing our mission of democratizing finance for all.” The company initially aimed to raise $200 million dollars, a goal they reached and surpassed easily.

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