Search
‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts
9.9.2023
Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted emerging reports indicating that bitcoin mining...
Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid
7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...
ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin
7.9.2023
European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is now in its final stage, preparing the ground...
Lobby group to dispel crypto mining misconceptions in DC, says founder
16.8.2023
The crypto mining industry is getting a dedicated lobby group aimed at opening up discussions with lawmakers in Washington D.C
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC's Coinbase Lawsuit
12.8.2023
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday
A new survey by the Bitcoin mining council confirms power improvements
11.8.2023
The Bitcoin Mining Council recently released a new survey. The report revealed a 70% increase in the Bitcoin mining hash rate in H1 2023. Similarly, there has been a 1% growth in sustainable power within the period. The voluntary global forum for BTC mining projects released its findings based...
Bitcoin Mining Council Reveals Sustainable Growth: New Survey Sheds Light on Industry’s Power and Efficiency
10.8.2023
In a recent report, the Bitcoin Mining Council (BMC) unveiled the results of its first half of 2023 survey, highlighting the industry’s strides in electricity consumption, technological efficiency, and sustainable power. Furthermore, the survey details that the BMC accounts for 43.4% of...
Blockchain will save financial institutions $10B by 2030: Ripple
30.7.2023
Among the 300 payment leaders surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years
US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’
28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...
ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
27.7.2023
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going...
Bitcoin Mining Has a Superpower
25.7.2023
It's the blockchain's electricity consumption patterns, Texas Blockchain Council President Lee Bratcher writes
Former UN Security Council President Kishore Mahbubani: ‘The American Century Is Over’
24.7.2023
Kishore Mahbubani, the former president of the United Nations Security Council, stated China will dominate this century. Mahbubani declared that the so-called “containment policy” against China would fail, leaving the U.S. isolated from other nations due to its military approach to...
Philippines Blockchain Council exec sees crypto adoption ‘snowballing’
17.7.2023
Blockchain Council of the Philippines’ Donald Lim believes that blockchain and Web3 projects have the “opportunity to flourish” in the country
Texas Blockchain Council director announces run for state house
13.7.2023
The director of Bitcoin mining analytics at the TBC said he was opposed to the Fed's exploration of a central bank digital currency and planned to push for “digital freedom”
50th GST Council Meet announces 28% GST on online gaming
12.7.2023
The 50th meeting of the GST Council has made multiple significant revelations. The council has decided to levy 28% GST on multiple online gaming activities. This tax will apply at the full face value, covering activities such as Horse Racing and Casino gaming. The Ministry of Finance released...
World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty
9.7.2023
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.” According to WGC researchers and market strategists, central banks are “nearing the end of their...
NEAR Foundation onboards the Crypto Council for Innovation
7.7.2023
The Crypto Council for Innovation has announced adding a new member to its list. That is the NEAR Foundation, and the goal is to strengthen the commitment to leveraging each other’s expertise to advocate the transformation that Web3 can bring. Additionally, the NEAR Foundation and CCI will...
The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance
30.6.2023
No new crypto rules are needed, said Aaron Kaplan, co-CEO of Prometheum Inc., and his company means to demonstrate it – even as the issuers whose tokens it seeks to trade say no thanks
European Banks to Disclose Exposure to Crypto Assets
29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...
ApeCoin DAO Votes In Two New Special Council Seats, Replacing Alexis Ohanian and Yat Siu
29.6.2023
The two new members will help the Special Council "administer DAO proposals and serve the vision of the community,"