Day: February 17, 2022

How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin

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Bitcoin price, in the face of a possible Russian invasion of Ukraine, is shedding 0.7% of its value and is currently trading at $43,352 on Coingecko charts Thursday, retreating from the $47,000 level it hit on January 1. Ethereum (ETH), the second most popular cryptocurrency also, is also down 2.14% to $2,873. The world’s most valuable cryptocurrencies are on the decline Thursday as news of a possible military action by Russia on Ukraine sends markets into a tailspin. Russian Invasion Jitters Jolt Top Cryptos Bitcoin is losing 3% of its…

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Bitcoin miner heats greenhouses in the Netherlands

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Bitcoin (BTC) mining generates a lot of “waste” heat. As energy prices spiral out of control in Europe, miners have come up with creative ways of recycling the heat generated by solving valid Bitcoin blocks.  Whereas a miner is drying wood from a local timber mill in Norway, across the North Sea in the Netherlands, a miner is heating greenhouses to grow produce and bloom “Bitcoin flowers.” In a win-win partnership between a Dutch farmer and a Bitcoin miner, Bitcoin Bloem mines Bitcoin and cultivates flowers in greenhouses in the province of…

The Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities – Regulation Bitcoin News

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The Republic of the Marshall Islands has announced it will allow decentralized autonomous organizations (DAOs) to become legal entities. At the time of writing, only one DAO has successfully incorporated in the country. DAOs Will Be Allowed to Register as Legal Entities The Republic of the Marshall Islands (RMI) has said it will allow decentralized autonomous organizations (DAOs) to register as legal entities. The move, which has been made by the recent passage of the Non-Profit Entities (Amendment) Act 2021, makes it possible for DAOs to be “recognized by the…

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UAE reportedly plans to issue federal crypto license for VASPs

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The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers (VASPs) by the end of the first quarter. The Securities and Commodities Authority (SCA) in UAE is reportedly in the final stages of finalizing the legislation that would allow digital asset firms to set base in the country, reported Bloomberg. A national crypto licensing legislation would help UAE with its goal to become a leading crypto-friendly jurisdiction. The regulators reportedly considered the Paris-based Financial Action Task Force guidelines and ongoing crypto policies…