Bitcoin miners may opt for ESG ratings to prove “greenness” as environmental concerns loom over the entire crypto industry. Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent …
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Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity. Estonian technology conglomerate Burfa is turning to Bitmain to supply key cryptocurrency mining infrastructure to its Narva-based data center, offering a glimpse into the arms race underway for high-performance computing resources. The $26-million agreement will allow Burfa to double its …
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Banks in smaller countries like Latvia, Estonia and Greece could be more seriously impacted by the digital euro, analysts said. Analysts at thAmerican multinational investment bank Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted. According to the analysts, a European Union central bank digital currency …
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In a nutshell, halving is a process that means crypto miners receive 50% fewer Bitcoins as they “mine” them. Its main aim is to help avoid inflation and the “death” of the corresponding cryptocurrency. In Detail So-called “miners” generate cybercash. They provide computing power to produce and record transactions within the cryptocurrency. Mining works thanks …
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KuCoin Community Chain (KCC) is now live The KuCoin Community Chain (KCC) was a collaborative effort between KuCoin and KCS fans KuCoin Community Chain’s mission is to provide the community with a faster, more convenient, low-cost experience KuCoin Token will be the native token of the KuCoin Community Chain KCS token could thrive with the …
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Bank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free pass to ignore the public interest. The odds of such an approach not ending well are too high,” the governor said. Bank of England’s Bailey …
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Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds …
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia …
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After reports that Tanzanian President Samia Hassan had asked her finance chief to look into cryptocurrencies, Tunisia has become the latest African country to signal a willingness to embrace digital assets. According to remarks attributed to Ali Kooli, Tunisia’s economy minister, the North African state will soon move to decriminalize the buying of bitcoin. This …
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MicroStrategy’s latest bond offering seeks to deliver a yield of 6.25%–6.5% — significantly higher than an average junk bond yield of 4.01%. There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of …
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A recent Opinium poll has shown that a majority of British financial adviser respondents are not advocates of crypto investing for their clients. More than 90% of 200 independent financial advisers (IFA) in the United Kingdom who participated in a recent poll by research agency Opinium indicated negative cryptocurrency sentiments, with over one-third reporting an …
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Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on increasing anti-inflation bets. But a looming death cross could spoil the upside outlook. Bitcoin (BTC) wobbled around $40,000 as investors waited for the Federal Reserve to release its new set of economic projections on Wednesday. The market’s focus shifted on two important questions: will …
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Ethiopian-based group Project Mano is lobbying the government to mine, hold, and link Bitcoin to the ETB or other legal tenders. Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC). In a June 16 Tweet, Dorsey shared a Twitter thread from …
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ETH ETH Price Index Ethereum sold off last week despite gains for Bitcoin and the coin is trying to find buyers above the $2,500 level. If weakness persists then a drop to the $2,000 level is possible, but a deeper sell-off would see the 50 moving average in play at the $1,200 level. Investment bank …
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The number of daily transactions on the Binance Smart Chain has dropped by 60% since May’s high of 11.838 million Unique addresses on the Binance Smart Chain are still growing and have reached an all-time high of 78 million Binance Coin (BNB) whales have increased by roughly 7% since mid-May The accumulation could be due …
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