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Ethereum Has Burned More Than a Million ETH Over the Last 3 Months

24.11.2021
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion...

Nigerian Remittances Rebound as Country Tops Sub Sahara Africa — Sending Costs Still High

21.11.2021
Nigeria is once again Sub Sahara Africa’s biggest recipient of remittances into the region where the money transfers went up by 6.2 percent to $45 billion, a new World Bank report has shown. The Impact of Nigerian Policies on Remittances According to the November 17, 2021 press release, this...

Foundry USA becomes second-largest Bitcoin mining pool amid China ban

20.11.2021
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool

Huobi Joins with zKSync for Faster and Low-Rate Blockchain

16.11.2021
Huobi Global partners with zkSync, the latest ZK Rollup EVM-Compatible developed by Matter Labs. This is to offer faster and low-rate access Blockchain experience with good security as Ethereum, following Huobi Ventures’ strategic investment in Matter Labs’ recent round of funding....

Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

16.11.2021
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at...

US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years

11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....

'Resistance is futile' — 5 things to watch in Bitcoin this week

8.11.2021
A surprise surge greets BTC hodlers at the start of the new week with $65,000 suddenly returning overnight

Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars

4.11.2021
PrimeBlock’s CEO was involved in the $98 billion direct listing for Coinbase that Goldman Sachs was leading

Genesis Digital Assets announces new data center in Texas

2.11.2021
Genesis Digital Assets' new Bitcoin Texan mining center will have a capacity of 300 megawatts

Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days

31.10.2021
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that...

Finder Survey: Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally

31.10.2021
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin Is the Most Popular Coin in Nigeria In addition to finding the West African nation as the country with the highest proportion...

Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

29.10.2021
Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate

No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’

29.10.2021
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean...

Bitcoin hodling rate reaches 9-month high, boosting hopes of 'bull flag' rally to $70K

28.10.2021
The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price

New Bitcoin hash rate highs remove any trace of China mining ban

28.10.2021
China's exit from Bitcoin mining is now all but unnoticeable as network fundamentals take care of their own recovery

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...

Nigerian Presidency: Vice President Yemi Osinbajo Against ‘Willy-Nilly Devaluation of the Naira’

15.10.2021
The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu...