Russian electricity distribution companies have begun to recognize improvised mining farm in residential buildings as a result of rising energy consumption and higher loads at substations. This was revealed by Pavel Snikkars, Deputy Ministry of Energy. The government official stated to that authorities are looking into the cases of ‘illegal miners’. Although crypto mining is not […]
In a Friday interview with CNBC, Joseph Ayoub, Citi analyst, explained that the entire cryptocurrency market is at risk of being infected by the implosion FTX. Friday’s filing by the troubled crypto exchange for Chapter 11 bankruptcy was a warning. Citi analyst warned: There is a risk of spreading contagion throughout the ecosystem. He said that it was unlikely […]
A new report claims that more than 51% of all Bitcoin trading volume this year on different crypto exchanges is faked due to volatile global economic conditions. Bitcoin is the most popular cryptocurrency. It represents 40% of all crypto assets in the volatile and new crypto markets. Its current market cap is 382.25 billion. According to […]
Jay Z and Jack Dorsey caused a stir when they announced the Bitcoin Academy. This initiative was meant to spread cryptocurrency’s good news through free online classes and in-person classes. The Marcy Projects is a public housing development in Brooklyn’s Bedford-Stuyvesant area. This is also where Jay-Z grew-up. The classes ranged from Careers in Crypto’ to Crypto Scams and A Security […]
Wednesday’s presentation by the European Central Bank (ECB), outlined the European Central Bank’s plan to harmonize EU regulations governing crypto services and activities. According to the regulator, banks are now more likely to consider offering crypto products and services. It is the ECB’s responsibility to ‘ensure that they do so safely. The ECB stated that it […]
