Central Retail Corp is a major retail firm in Thailand and has recently announced that it is testing a virtual currency among its employees. When this trial phase ends, the retail firm is planning to expand the scope of the digital currency to include its customers and the public. This was reported by Bloomberg on… Continue reading Central Retail Corp Plans to Develop and Trial Its Digital Currency
Category: Cryptocurrency
Russian Authorities Plan To Mine Bitcoin Using Associated Gas
An investigation on a new initiative to mine Bitcoin (BTC) with associated gas is being undertaken by the Russian authorities. According to reports, Vasiliy, the Deputy Minister of Trade and Industry in Russia has submitted a request to the head of the banking system in Russia and the Ministry of Technological Infrastructure to use the… Continue reading Russian Authorities Plan To Mine Bitcoin Using Associated Gas
Elon Musk’s Tesla Sees Huge Profit On Its Bitcoin Investment
It has been some time since Tesla bought and withheld Bitcoin back in February. The original investment has yielded Elon Musk $1 billion, give or take in profit strictly. Elon Musk has always been a sceptic of Bitcoin after realizing that the flagship cryptocurrency has ramifications when it comes to the environment. He stopped buying… Continue reading Elon Musk’s Tesla Sees Huge Profit On Its Bitcoin Investment
SHIB Rises To 11th On Coingecko, BTC Approaches $80,000, Ripple To Commit $44 Million In Solar
According to data given by CoinGecko, Shiba Inu has risen to the eleventh position on the cryptocurrency market capitalization scale, getting close to Dogecoin, which currently holds the tenth position. In terms of market capitalization, SHIB presently has a market valuation of $14,587,449,142, whereas Dogecoin’s market valuation is $29,801,238,979. Meanwhile, Shiba Inu’s appeal on Twitter… Continue reading SHIB Rises To 11th On Coingecko, BTC Approaches $80,000, Ripple To Commit $44 Million In Solar
Iran Lifts Ban on Cryptocurrency Mining
Cryptocurrency mining is an energy demanding process that takes place worldwide. However, about seven percent of the world’s cryptocurrency mining is done in Iran. This mining of cryptocurrency uses a lot of electricity and increases the demand for electricity. Mining of cryptocurrency in Iran perhaps results from the fact that the country has the cheapest… Continue reading Iran Lifts Ban on Cryptocurrency Mining
SHIB Rises To 11th On Coingecko, BTC Approaches $80,000, Ripple To Commit $44 Million In Solar
According to data from CoinGecko, Shiba Inu has risen to the eleventh position on the cryptocurrency market capitalization scale, closing the gap between it and Dogecoin, which currently holds the tenth position. In terms of market capitalization, SHIB presently has a market valuation of $14,587,449,142, whereas Dogecoin’s market valuation is $29,801,238,979. Meanwhile, Shiba Inu’s… Continue reading SHIB Rises To 11th On Coingecko, BTC Approaches $80,000, Ripple To Commit $44 Million In Solar
US Bank Introduces Bitcoin Custody Services
As time passes, more and more traditional financial institutions are succumbing to the increasing popularity of the cryptocurrency market. U.S. Bank of Minneapolis, Minnesota, is the latest addition to this list. The vice president of the bank, Gunjan Kedia, has recently told CNBC that the bank has completed all preparations for offering crypto custody services… Continue reading US Bank Introduces Bitcoin Custody Services
Crypto Fear and Greed Index Reveals Extreme Greed among Investors
On Thursday, Bitcoin made a solid return in all metrics of the crypto market, its value increased, it jumped all the way to $55K, and across all indexes and charts, Bitcoin was a shining star. Although it is pretty great news for the whole crypto community in terms of Bitcoin reclaiming its lost touch in… Continue reading Crypto Fear and Greed Index Reveals Extreme Greed among Investors
Mozilla’s Web Standards Lead Criticizes Cryptocurrency Mining
Tantek Çelik, the chief of the Web-Standards under Mozilla, has voiced hostility toward the mining of cryptocurrency during his discussion about the web standards. Çelic opposes proof-of-work Çelik stated while pointing toward the method by which BTC (as well as various other cryptocurrencies) construct the rewards for the miners in addition to validating the transactions… Continue reading Mozilla’s Web Standards Lead Criticizes Cryptocurrency Mining
El Salvador Uses Volcano Power to Mine Bitcoin
El Salvador, without any doubt, is a country that is full of surprises, no one expected that such a huge transition of making Bitcoin a legal tender would come from El Salvador, but it did. Despite all the negativity and zero votes of confidence, El Salvador managed to pull this feat which is extremely magnificent… Continue reading El Salvador Uses Volcano Power to Mine Bitcoin