Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts say, however, that Russia has the spare capacities to satisfy …
Monthly archives: August 2022
BabyDoge/USDT Is Bearish, Tamadoge Will Retrace Higher Level
BabyDoge has witnessed a significant rally in the upside direction. This upward rally started sometime around the 7th of this month. BABYDOGE/USDT Value rallied and reached $0.0000000018200 from around $0.000000001300. More interesting developments might be around the corner, but we won’t know, until we analyze market signs through trading indicators. BABYDOGE Forecast Statistics Data: BABYDOGE …
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European Central Bank outlines the way forward on digital asset licenses
The European Central Bank (ECB) has paved the way for the licensing of digital assets. The institution plans that these licensing requirements will play a central role in developing a harmonized crypto regulatory framework for Europe. Outlines requirements for regulating digital assets The ECB banking supervision issued a statement on Wednesday saying that it would …
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Solana Phantom wallet announces it will burn spam NFTs
Phantom, a Solana-based wallet, has launched a new burn feature for non-fungible tokens (NFTs). The feature will get rid of the NFTs sent by scammers. The feature can be accessed through the Burn Token tab on the Phantom wallet application. Phantom launches burn feature for scam NFTs The Phantom team published a blog post on …
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Irfan Pathan Promoted The Battle Infinity Token IBAT
Former Indian Cricketer Irfan Pathan has promoted the Battle Infinity token IBAT at the launch event of the token at New Delhi on 17th August. His promotional video regarding the launch event was uploaded on the official Instagram page of Battle Infinity. In the launch event, Bollywood Actress and Model Urvashi Rautela was also invited …
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Leading Ethereum Rival Could Crash by Over 35% After Failed Breakout, Says Crypto Analyst
Popular crypto analyst Justin Bennett thinks Ethereum (ETH) competitor Solana (SOL) could be in for some rough days ahead. In a new video update, Bennett says that Solana’s chart flipped bearish and its positive price action earlier in August appears to be a “confirmed fakeout,” or a bull trap. “A fakeout to one side of …
Analyst Says Cardano Could Be Ready To Outperform Ethereum As ‘Reliable’ Indicator Flashes Bitcoin Bottom Signal
A popular crypto analyst is providing insights about what could be on the horizon for two of the largest digital assets. In a new strategy session, the anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that he’s been keeping an eye on decentralized blockchain protocol Cardano (ADA) in relation to top smart contract platform …
South African Reserve Bank encourages friendly behavior with crypto
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency. It suggested that such an act could cause greater risk in the long run. The official notice was signed by Prudential Authority CEO …
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Korean financial watchdog to block tens of unregistered exchange websites
Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms. The FIU has notified its investigative authority that 16 virtual asset service providers have been carrying out business without the necessary registrations. Major exchanges, including the likes …
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Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
In light of the recent ban on crypto mixing tool Tornado Cash and the subsequent arrest of the Tornado Cash developer, there has been a growing debate over whether crypto services providers would choose decentralization or censorship as form of compliance. The question has become more prominent as Ethereum is moving from its current proof-of-work …
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
Major Chinese cryptocurrency miner manufacturer Canaan appears to have no issues with the local ban on crypto, as the company’s overall performance has continued to grow in 2022. Canaan officially announced its financial results for the second quarter of 2022 on Thursday, reporting a 117% increase in gross profit from the same period of 2021. According …
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Most Popular Online Casino Payment Methods for Canadians
It’s not illegal to partake in gambling activities in Canada. Consequently, you can choose freely which online casino games you prefer. Several North Americans partake in some form of online gambling or the other. For that reason, most online casinos offer several onsite features to cater to several gambling payment methods, from Skrill and Paysafecard …
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Why You Should Care about Financial Privacy and How to Protect it in Bitcoin World
In a world of social media, it feels like privacy is gone, but just because people don’t think of privacy doesn’t mean they shouldn’t. As is commonly known, people start valuing things once they essentially lose them. And losing privacy, especially in the financial sense, can have some dramatic consequences. Losing Financial Privacy Cannot Happen …
API3 Daily Price Prediction for the 18TH of August: API3/USD Bulls Are Becoming Weak
After the market went in favour of the bears in the past two days, the bulls are now trying to come back. But today’s API3/USD bullish market activities are not as impressive. We can now say that both the buying pressure and the selling pressure are weakening. And it is likely the price consolidates …
16 Crypto Exchanges Identified By South Korean Regulators For Illegal Operations
Summary: The Korea Financial Intelligence Unit announced a crackdown on illegal virtual asset service providers. Authorities named 16 crypto exchanges in a report on Thursday. KuCoin, Bitrue, and DigiFinex and believed to be among the exchanges in question. The websites operated by these exchanges could face a geoban soon as authorities move to protect investors. …
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