IMF Wants Crypto Mining Answers from Georgia + More News

IMF Wants Crypto Mining Answers from Georgia + More News

Source: iStock/omersukrugoksu Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Mining news

The International Monetary Fund (IMF) has called on Georgia to report on its crypto mining industry. The country is home to several large cryptocurrency mining centers, with big domestic and international players active across the nation. Per LetKnowNews, the IMF says it is “working in Georgia and other areas on the issue of improving statistics.” The IMF also says it is “actively discussing the possibility of introducing accountancy guidelines for cryptocurrency mining.”

Exchanges news

Cryptocurrency exchange Binance has begun offering Ethereum futures contracts with up to x50 leverage. In an official announcement , the platform stated that “users will be able to select between 1-50x leverage.” The exchange offers Ethereum futures trading against USD-pegged stablecoin Tether .

Business news

Galaxy Digital has accrued USD 58.4 million in net income in Q1, Q2 and Q3 of 2019, making for a 133% rise from this time last year. But per highlights from the company’s Q3 financial report, Galaxy Digital actually made losses of USD 68.2 million in Q3, with over-the-counter (OTC) trading making the biggest losses for the company (USD 43.3 million).

Adoption news South Korea’s Shinhan Bank has teamed up with Kakao ’s Ground X subsidiary on an initiative that will see them launch a blockchain-powered solar power trading platform. Paxnet reports that the companies want to create a solution that logs […]