Day: October 14, 2021

Russia considers new energy tariffs as Chinese crypto miners relocate

The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following migration of the industry into the country from nearby China. Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is working on a new framework to differentiate tariffs between general usage and cryptocurrency mining, local news agency RBC reported Oct. 13. Shulginov said that cryptocurrency miners in Russia should not consume electricity at residential tariffs, stating: “We can’t let miners capitalize on the situation at the expense of low residential electricity tariffs […]…

Fox Entertainment’s Blockchain Arm Drops NFT Market Dedicated to Hit TV Series The Masked Singer – Blockchain Bitcoin News

Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of maskverse.com, a non-fungible token marketplace and community dedicated to the entertainment series and hit singing competition “The Masked Singer.” According to Fox and BCL, the NFT marketplace and a game will be powered by the Eluvio blockchain. Fox, Blockchain Creative Labs, Eluvio Introduce The Masked Singer NFT Marketplace In mid-May, Fox Broadcasting Company, the American commercial broadcast television network, announced it was launching a non-fungible token (NFT) business called Blockchain Creative Labs. In June, Fox detailed that it…

Elon Musk’s Tesla is already $1 billion in profit from holding Bitcoin

Tesla’s (TSLA) bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC price rallies in October to hit over $58,000 on Oct.14. Tesla currently holds roughly 43,200 BTC, worth roughly $2.5 billion at today’s prices, according to online monitoring resource Bitcointreasuries.net. This is approximately 65% or $1 billion more than what the carmaker paid in February when Elon Musk’s company revealed that it added $1.5 billion in BTC to its balance sheet. BTC/USD daily price chart. Source: TradingView.com In Q2, Tesla’s sold 10% of its Bitcoin holdings — about…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin had a massive dip this morning and when it happened panic really started to set in for a lot of people and they started selling off coins en masse. There is a group of people out there who understand that the absolute smartest way to manage these price drops is to buy the dip; to go alt-coin shopping. All the time people SAY “buy the dip” though. Today, I’m going to teach you how to identify a dip, how to buy…

Putin Says Crypto Can’t Yet Replace Dollar in Settling Oil Trades: Report

Vladimir Putin said that he doesn’t think crypto can replace the U.S. dollar in settling oil trades yet, though he does believe it has value. The Russian president had been asked whether he thought bitcoin or other crypto could be used as an alternative to the dollar in the context of U.S-imposed dollar-denominated economic sanctions. Putin told CNBC on Wednesday that it’s too early to talk about using crypto in the trading of energy sources. “I think it’s too early to say about the oil trade in cryptocurrency,” Putin said,…

Driven by DeFi, North America’s crypto volume increased 1,000% year-over-year

Digital analytics firm Chainalysis reported that the growth in North America’s crypto market has been driven by the rise in popularity of decentralized finance. In its 2021 Geography of Cryptocurrency Report, Chainalysis said the monthly crypto transaction volume across North America grew by more than 1,000% from July 2020 to June 2021. The monthly volume reached a peak of $164 billion in May 2021 before dipping to just over $100 billion in June. According to Chainalysis’ report, decentralized finance, or DeFi, was largely responsible for North America continuing to maintain…

DeFi Pushes N. America to World’s Second-Biggest Crypto Market

Growth in decentralized finance (DeFi) has driven North America to the world’s second-biggest largest crypto market, new research by crypto intelligence firm Chainalysis said. North American addresses received $750 billion in crypto between July 2020 and June 2021, or 18.4% of global transactions. Central, Northern and Western Europe received $1 trillion in that time period, accounting for 25% of global volume, Chainalysis’s 2021 Geography of Cryptocurrency Report found. Monthly transaction volume in North America grew by over 1,000% between July 2020 and May 2021, from $14.4 billion to $164 billion.…

Too early to talk about using crypto for oil trading, says Putin

Russian President Vladimir Putin believes that it’s “still premature” to use cryptocurrencies for settling trades of energy resources like oil. The Russian president discussed potential use cases of cryptocurrencies in a Thursday CNBC interview following a plenary session of the ​​Russian Energy Week forum. According to a full interview text published on the Kremlin’s official website, Putin said that private cryptocurrencies “can act as a unit of account” but they are “very unstable.” “Cryptocurrency oil contracts? It’s too early to talk about it. It works for transferring funds from one…

Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO

Bitcoin (BTC) and other cryptocurrencies have a permanent role in financial markets, but other digital assets like central bank digital currencies (CBDCs) or nonfungible tokens (NFTs) could likely outperform crypto, according to Standard Chartered CEO Bill Winters Speaking at a Standard Chartered conference call, Winters echoed the “crypto is here to stay” narrative and said there’s a role for non-fiat currencies given the concerns about inflation. “Broadly, we’ve gone through a long period of low inflation, and we’ve got central banks experimenting in uncharted territory with very, very loose monetary…