El Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos,” he detailed. Bitcoin Mining Using Volcanoes’ Energy El Salvador President Nayib Bukele …
Monthly archives: June 2021
Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market
Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because everyone wants to be here,” said an …
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Google reversing crypto ads ban a testament to blockchain market maturity?
Since 2018, tech giant Google has been in an on-and-off relationship with crypto, but can the latest favorable outlook stick? The term “unpredictable” has almost become synonymous with the crypto industry at this point, as was on full display recently when technology juggernaut Google decided to un-ban digital asset exchanges from using its advertisement services …
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The global corporate tax rate: crypto savior or killer?
The newly proposed global tax rules will drastically influence all international companies, with crypto being a target as well. At a meeting in London earlier this month, the finance ministers from the G7 — the United States, Japan, Britain, Germany, France, Italy and Canada — unanimously agreed to begin creating the framework for a global …
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Bitcoin part of highest risk category in Basel’s new bank capital plan
The Basel Committee on Banking Supervision proposed tough requirements for banks that want to hold cryptocurrencies like Bitcoin. The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC). In a consultation paper published Thursday, the …
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The female speakers who made an impact at Bitcoin2021 in Miami
There may not have been as many female speakers at Bitcoin 2021, but the women who presented were phenomenal. Here’s why. Dubbed as “the largest Bitcoin event in history,” Bitcoin 2021 consisted of 12,000 attendees from across the globe. Undoubtedly, Bitcoin (BTC) adoption is growing at an impressive rate. Yet judging by the attendance at …
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Bitcoin Price Climbs 7% to $37,600 – Where to Buy BTC
Bitcoin price has continued its climb as it aims to crawl out of the hole dug by May’s downturn, helped by El Salvador going all in on the virtual currency and the Basle Committee banking regulator endorsing crypto as an asset class, albeit a very risky one. As we all recall, the past month was …
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Kusama Price Rises 15% To $503 – How To Buy KSM Rally
Kusama price is on a tear. Crypto protocols have shown remarkable growth since the year began, and one such crypto protocol is certainly the Kusama network. Following a Tuesday announcement from principal founder Gavin Wood that parachain auctions would now be supported on the test network, KSM price rose by 17.50% and now trades at …
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Solana Price Bounces 16% to $43 – How to Buy SOL
Solana protocol is making great strides in decentralized finance, and because of this, it has been labeled the ‘ethereum killer.’ The scalability of the Solana network has led to an upward price movement in the SOL token. At the time of writing, Solana coin was trading at around $43, representing a 16% increase. Solana Price …
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Polygon (MATIC) Integrated by the OKEx Crypto Exchange
OKEx has integrated Polygon (MATIC) The integration opens the doors to faster and cheaper transfers of ETH and ERC20 tokens to the Polygon network 23 digital assets will benefit from the new efficiency brought about by integrating Polygon MATIC’s 50-day moving average is providing adequate support at the $1.30 price area The crypto exchange of …
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Polkadot Price Jumps 10% to $23.85 – How to Buy DOT
Polkadot is not only leading the altcoin pack in terms of performance, but it is also the most improved digital currency in the top 10 list. DOT coin has been gaining support from the broader crypto market, and this is propelling its value higher. At the time of writing, Polkadot was trading at around $23. …
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India to reportedly ditch Bitcoin ban agenda in favor of asset classification
Indian state officials are reportedly no longer keen on banning Bitcoin and a crypto regulatory bill may be up for discussion during the Monsoon Session of Parliament. The tide may have finally turned for cryptocurrencies in India as reports indicate a softer stance by the government toward crypto. According to a report by The New …
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Stablecoins not that radical, says Bank of England official
The Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.” There has been much commotion about stablecoins among central bankers, regulators and lawmakers in recent years, most notably in the furor surrounding Facebook’s repeated attempts to launch variously designed stablecoins …
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Fantom to pilot blockchain-based IT solutions in Uzbekistan
Fantom’s presence in Central and South Asia has expanded to Uzbekistan, with the partnership focusing on upscaling the country’s information technology infrastructure. The Fantom Foundation has announced a joint venture with AG Mentors Group headed by former Uzbekistan Deputy Prime Minister Elyar Ganiev. According to the announcement published on the Fantom Blog on Wednesday, the …
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JPMorgan points to weak Bitcoin futures as signal for bear market
Bitcoin futures curve was in backwardation for most of 2018, a year when BTC lost 74% of its value, JPMorgan noted. JPMorgan’s cryptocurrency market analysts have pointed to the difference between Bitcoin’s (BTC) spot prices and BTC futures prices as a potential bearish sign for the market. In a Thursday note to clients, JPMorgan analysts …
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