Since the advent of BTC mining, miners have stored most of the Bitcoin they mined. Then, the cash flow was enough to handle expenses since Bitcoin’s price was high. As miners mined Bitcoin, they saved a large portion and used the rest to finance their operations. Unfortunately, the recent market crash is forcing miners to…
KenGen, an energy company in Kenya, has good news for BTC miners. The company has excess renewable energy, which it is willing to sell. Additionally, the firm stated that over 86% of its power is renewable. The report states it is mainly from a geothermal source. Also, the company has rentable land at its power…
Europe’s top regulator warns that increasing inflation might push investors to the inspector. Meanwhile, the agency stresses that an imbalance exists in crypto regulation in Europe. Therefore, the regulator believes EU countries need a common crypto regulatory framework. ESMA Says Inflation Might Push Investors To Cryptocurrency The European Securities and Markets Authority (ESMA) has shifted…
A bill will be introduced by Republican Brad Sherman in the House, which is directed at cracking down businesses in the United States that handle crypto transactions for Russian individuals and banks. On Thursday, Sherman spoke at a hybrid markup meeting that was conducted with the House Financial Services Committee. That’s when he disclosed that…
A deputy governor of the Reserve Bank of India (RBI) talked about cryptocurrencies and called them similar to Ponzi schemes. The governor of the central bank in India said that it is not possible to regulate cryptocurrencies. He said that regulating them would be futile and banning them was a better option. T. Rabi Sankar…
Even though it has one of the largest crypto economies globally, it is quite surprising to discover that India has yet to have a defined and clear regulatory framework for these digital assets. Nirmala Sitharaman, the Indian finance minister, has said that it is possible that this regulatory uncertainty would persist for a while longer…
The Government of Oman is inviting interest from the private sector in developing a two-phase regulatory framework for digital currencies in the country. Concerns regarding cryptocurrencies have forced the Government in Oman to come up with a plan to meet the challenges ahead. It has therefore been proposed by the Omani Government that they a…
The US has one of the biggest digital currency markets in the world but still, crypto adoption in the country is not very much promising as it should be. However, the good thing is that 25% of the adult American population are keen on investing their monies into cryptocurrencies very soon which has been proven…
In the past 7 days alone, approximately 2.5 billion dollars NFT sales have been concluded which reflects a whopping increase in the sales by 161%. Almost all of the NFT sales were carried out through the Ethereum blockchain while only a fraction of the sales were hosted by Solana. Even in 2022, the market of…
International crypto exchange platform Binance has seen its Turkish branch fined over $700,000 by Turkey’s financial watchdog due to failure to meet its AML standards. Turkey’s Financial Crimes Investigation Board (MASAK) has now levied enforcement action against Binance Turkey as the exchange has failed the regulatory body’s audit done for Anti-Money Laundering (AML) compliance. Crypto…
There was a new presentation released which revealed the way (ASIC) the Australian Securities and Investments Commission has figured out about the pump and dumps unethical activities and schemes in the crypto industry. And how the stock market has become the victim of it too. On December 28, another presentation was published from an unknown…
Profunds Group’s ProShares has revealed its plan to join the increasingly hot crypto Metaverse race in an announcement through its spokesperson. ProShares announced that it had applied with the United States financial watchdog, the SEC, to enable the company to issue crypto Metaverse leveraged ETFs at home and abroad successfully. The US-based company prides itself…
An unprecedented cryptocurrency bill may soon be passed into law by the Brazilian Senate in Brazil. The country’s Congressional Chamber has already approved the Bill of Deputies. The Bill, if eventually it is legislated, will see an unprecedented comprehensive regulation across all sectors of the country. The Bill was developed to cater to the cryptocurrency…
The Security Exchange Commission is abuzz as two of the regulator’s commissioners took to social media to show their dissatisfaction over the SEC’s Chairperson’s newly published,’ Regulatory Flexibility Agenda.’ United States Securities and Exchange Commission (SEC) commissioners Hester Peirce and Elad Roisman have expressly shown their disapproval over the commission’s chairperson Gray Gensler’s new Regulations…
The United Kingdom’s Advertising Standards Authority (A.S.A) has prohibited multiple cryptocurrencies from promoting advertisements. The regulator has claimed that the advertisements being aired in the nation’s mass media space were primarily deceptive. It has been claimed that the U.K.’s citizens were being taken advantage of, as the ads only showcased scenarios of overnight success in…
The central bank of Russia will ensure that the digital ruble they are developing will be available for use by non-residents and would also be convertible into digital currencies. The regulator has reiterated its concerns about the risks pertaining to currencies in a document that’s aimed at digitalizing the Russian financial sector and said that…
Blockchain data intelligence outlet, Chainalysis, will integrate a support platform for L2 Lightning protocol, in its framework for Bitcoin leveraged blockchain network, early next year. In its press release earlier today, Chainalysis has announced to the general public that it aims to leverage L2 lightning Network protocol for its next round of system upgrades, which…
The cryptocurrency industry is enjoying a high level of success, with investors swarming to the industry in large numbers, but lack of appropriate regulations have effectively stymied the industry’s growth. The ‘fair’ regulation of cryptocurrencies is a discussion that is considered very important, as it goes a long way in determining the further development of…
The Crypto market is currently progressing under the fears of “regulation”. It is this fear which is stopping value surges and slowly destroying the crypto investment climate. Whether it is Bitcoin or even Ethereum or else, each and every cryptocurrency of the world is living under this fear of “regulation”. Very recently, Ethereum value surged…
Though crypto has witnessed increased interest from financial services companies and various investors, it has one challenge. You can hardly spend these digital coins like regular money. However, the industry promises upcoming services that might help individuals utilize virtual currencies like Bitcoin in various ways when handling day-to-day financial activities. Here is how you can…
