Growth Of Stablecoin Economy Stagnates
Donald GatesThere has been a decline of 10.66% in the market capitalization of the top stablecoins from $171.37 billion to $153.09 billion, after the fiasco of the Terra stablecoin back in…
Chinese Court Rules Crypto Is Virtual Property
Based in Beijing, a Chinese intermediate court recently upheld a ruling issued by a lower court that had determined that crypto is a virtual property, which means it is protected…
Foreigners May Be Given Anonymous Entry Points To Digital Ruble
A Russian official disclosed that the upcoming digital ruble of Russia would be made available to foreign nationals via entry points that provide them anonymity. The purpose of this idea…
Elon Musk’s Dogecoin Lawsuit Grows As More Defendants Join
A lawsuit worth $258 billion had been filed against Elon Musk, Spacex, and Tesla for the promotion of Dogecoin. It appears that the lawsuit has now expanded, as new DOGE…
Two Bit Digital Crypto Mining Partners Halt Operations Following Explosion
Ezra KloostraBit Digital, a cryptocurrency mining company with its headquarters in New York, had issues with mining last week. This occurred after two of its hosting partners stopped their mining operations.…
Norwegian Parliament Rejects Proposed Ban On BTC Mining
On the 10th of May, 2022, the Norwegian parliament cast a vote rejecting a proposal to outlaw the mining of bitcoins inside the nation. Cryptocurrency miners received some welcome relief…
Crypto Miners Move To Ethereum As Difficulty Of Bitcoin Mining Hits 5%
The difficulty of mining BTC has hit an all-time high, further reducing the already slim profit margins enjoyed by Bitcoin miners. The new trend may have a devastating impact on…
Revenue For Ethereum Mining Increases To 95k In a Day
According to the latest reports, the earnings from Ethereum mining have exceeded 95k ETH in one day. Also, handling fees were responsible for 85.9% of the total income generated. Ethereum…
Uzbekistan Enforces Solar Crypto Mining With Added Tax Incentives
According to reports, Uzbekistan's government has officially approved crypto mining activities. However, crypto mining companies will only be permitted to operate using renewable energy sources such as solar power. Cryptocurrency…
Bitcoin Mining Difficulty Is On the Increase Following A 5.56% Spike
The mining difficulty for Bitcoin has been on the increase for some time now, as the most recent adjustment shows a 5.56% increase on April 27. The new development has…
Crypto Strives For Validity In Africa Amidst Its Increasing Usage
Africa is witnessing a tremendous increase in cryptocurrency usage, but the regulatory framework continues to be a significant impediment. Blockchain analytics company, Chainalysis, reports that Cryptomania is overtaking Africa at…
A Look Into The Surge In Bitcoin Mining In Norway: What Is Behind The Rise?
Recent research on crypto mining activities in Scandinavia has pointed to the considerable proportion of Bitcoin mining taking place in Norway. The article from Arcane research refers to data gotten…
Bengal Energy Plans to Mine BTC With Abandoned Gas Wells
Bengal Energy is about to start a test project using portable BTC mining machines to tap previously "stranded" gas wells. Bengal Energy Planning to Mine BTC Bengal Energy is going…
Here’s Ripple’s Approach To Understanding NFT Collectors
The emergence and explosion of non-fungible tokens has been rapid, and the changes to the crypto industry are felt by all involved. But the growth comes with some form of…
WisdomTree Widens its Cryptocurrency Services in Europe With the Introduction of ADA, DOT, and SOL ETPs
There are three novel cryptocurrencies ETPs that WisdomTree, a company located in New York that makes ETFs and ETPs, declared on 29th March. They are supported by the SOL, ADA,…
ETC Group Introduces New ETPs: AVAX, ATOM, and MATIC
Based on a Monday post released by ETF Stream, the British digital asset business ETC Group has introduced 3 novel cryptocurrency ETPs that follow the values of 3 cryptos: AVAX,…
U.S. Senator Says Bitcoin Mining Will Boost The Energy Industry
The often debated topic of Bitcoin mining is taking on a new dimension as the days pass by, partly due to its potential that has been severely overlooked. Since its…
Gemini Gets E-Money License from Irish Central Bank
Cryptocurrency exchange, Gemini Payments, has gotten the nod of the Central Bank of Ireland to issue digital cash to users. As per reports published in the Irish Times yesterday, the…
Dubai Establishes Crypto Regulatory Body To Oversee Digital Assets
Following the vision of the leadership of the Gulf country to make the UAE a hub for crypto and other digital-related financial services, Dubai has taken another move towards bringing…
Bank of Santander to Offer Loans Backed By Tokenized Agricultural Products
The Argentinian branch of the Spanish financial entity, Bank of Santander, will offer crop-tokenized loans to farmers. According to reports, the bank is partnering with Agrotoken to execute this proposition.…
