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Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages
9.12.2021
Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away...
Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner
9.12.2021
The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s...
More Aussie Crypto Traders Profiting, Country Moving to Largest Reform of Payments Systems
8.12.2021
Nearly 90% of crypto owners in Australia have either profited from trading in 2021, or broke even, with the number of women in the crypto-owning group doubling compared to 2020, according to a recent survey released by Aussie crypto exchange Independent Reserve.
To be more specific, a robust...
Russia’s largest bank struggles to register its digital asset platform
7.12.2021
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry
Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program
7.12.2021
Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established by the country’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Customers of the Colombian bank will be able...
Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns
5.12.2021
Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s....
Leading Supermarket Chain in Croatia Introduces Crypto Payments
2.12.2021
Customers of the largest supermarket chain in Croatia will be able to pay with cryptocurrency for their orders in the retailer’s online shop. The company plans to soon offer the crypto payment option also at its physical stores throughout the country. Konzum Allows Shoppers in Croatia to...
Ethereum Market Cap Is Less Than 50% Away From Flipping Bitcoin — ETH Nears All-Time Price High
1.12.2021
The second-largest cryptocurrency in terms of market capitalization, ethereum, has come awfully close to reaching the digital asset’s all-time high ($4,878) it reached 21 days ago on November 10. While bitcoin dominance has slid below the 40% zone, ethereum’s market dominance, or $557...
Croatia’s largest supermarket chain now accepts crypto
1.12.2021
While it now accepts crypto online, Konzum plans to expand the new payment option to its physical chain stores soon
Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum
29.11.2021
One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper...
Bitcoin AUM falls 9.5% to record largest monthly pullback since July
28.11.2021
The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion
Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days
27.11.2021
30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds...
Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
27.11.2021
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming...
Major Estonian Bank LHV Starts Offering Cryptocurrency Trading via Bitstamp
27.11.2021
One of the largest banks in Estonia, LHV, is now offering cryptocurrency trading directly from its app through crypto exchange Bitstamp. The bank says it is the “first bank in the Baltics to start offering crypto trading.” Large Estonian Bank Now Offers Crypto Trading LHV announced...
Seventh-Largest NFT Platform Rarible Launches Messaging Application
25.11.2021
Following the non-fungible token (NFT) platform supporting Flow-based NFT collectibles, NFT marketplace Rarible has launched a direct messaging feature that gives creators the ability to connect with fans via the user’s wallet address. Rarible Reveals Messenger Tool via Internal...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
WAX Builds the Largest Cross-Blockchain Ecosystem for NFTS, Gaming, and GameFi With Binance
24.11.2021
“Blockchain Brawlers” NFT Collection Launches Later this Month WAX, (Worldwide Asset eXchange), co-founder William Quigley has a vision for the future. One in which an NFT bridge – built by the company – would enable blockchain and NFT marketplaces to thrive despite...
Indonesia to Witness the Largest BFSI Gathering at World Financial Innovation Series
23.11.2021
WFIS 2021 – INDONESIA to share the latest industry intelligence and facilitate networking with the best-in-class experts and solution providers. With an aim to support Indonesia and its Financial Services Authority (OJK) in acknowledging the latest BFSI innovations, while also addressing...
Sotheby’s Metaverse announces latest and largest NFT charity auction
22.11.2021
Proceeds will go towards Sostento, a nonprofit that supports frontline public health workers
After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed
22.11.2021
U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday...