Month: April 2022

US Sanctions Russian Crypto Mining Host Bitriver

“Treasury is also taking action against companies in Russia’s virtual currency mining industry. By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources. Russia has a comparative advantage in crypto mining due to energy resources and a cold climate. However, mining companies rely on imported computer equipment and fiat payments, which makes them vulnerable to sanctions,” a Treasury statement said. Source

Why Bitcoin Needs To Go Above This Level To Reclaim $50K

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Bitcoin slows downs as it makes its way back from the high area of around $30,000. The top crypto by market cap still records profits over the past week (3%) but could re-test support at lower levels. Related Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position At the time of writing, Bitcoin trades at $41,300 with sideways movement over the past day. The cryptocurrency continues to trade in a tight range but soon could see an increase in volatility. BTC moving sideways on the 4-hour chart.…

FCA veteran becomes interim head of financial regulator’s digital assets unit

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Victoria McLoughlin, who has worked more than 11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog. According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of the department of the regulator’s digital assets unit in April after serving as supervision manager of crypto assets and digital markets for more than two years. The FCA veteran started working for the financial watchdog in 2009 as an associate, later moving on to oversee supervision of virtual…

Fed’s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin – Economics Bitcoin News

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As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserve’s plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta Fed president Raphael Bostic thinks the central bank needs to use caution. Atlanta Fed President Raphael Bostic: ‘The Fed Needs to Be Cautious as We Move Forward’ The U.S. economy looks bleak after two years of abnormal inefficiencies that have plagued the citizenry’s wealth.…

Blockchain games are leading the DApp industry, says latest DappRadar report

Market tracker DappRadar and the Blockchain Game Alliance, or BGA, published the Blockchain Games Report for Q1 2022 on Wednesday. After citing that $720 million was invested into blockchain games and infrastructures in February in a previous report, the latest number for total Q1 investment is $2.5 billion. Venture capitalists and other investors raised $4 billion in 2021. The biggest deals listed in the report include Animoca Brands raising $360 million, bringing its valuation to $5 billion and becoming a leading Web3 brand. Sequoia Capital led a $450 million investment…