Day: May 30, 2022

Frodo Tech Aims to Create Environmentally-Friendly Blockchain Ecosystem That Is Open to Everyone – Sponsored Bitcoin News

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sponsored Frodo Tech aims to create an environmentally-friendly blockchain ecosystem based on a unique cryptocurrency service that all the people in the world can access, without any limitations based on race, region or country. Frodo Will Have No Limitations and No Mining Frodo Tech is an IT and Financial blockchain services company based in Auckland, New Zealand, and a member of the Blockchain Association of NZ (BANZ). Since 2018, it has provided best-fit and trustful solutions around AI, cybersecurity, data analysis, custom applications, mobility, migration, and managed services. The goal…

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Gov’t says crypto miners consume 2% of total electricity in Russia

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Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia fell out of the top three in the global Bitcoin (BTC) mining hash rate share. Russia’s deputy minister of trade and industry Vasily Shpak called for bringing the mining industry under the purview of law in the wake of the recent mining estimate. He said: “Do you know how much…

DTT Group Secures $10M Series-A Funding for DTTcoins Crypto Exchange

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DTT Group, a globally regulated and a globally recognized financial leader with over 20 years track record in the brokerage and fintech space, today announced that it has successfully raised $10 million in Series A funding round for its cryptocurrency exchange, DTTcoins . With its mission to advance the global crypto landscape and its vision of creating blockchain solutions to empower the crypto community, the investment funding will be put towards DTTcoins’ global expansion plans as well as towards research and development to further enhance client solutions and develop new…

South Korean authorities reportedly probe staff behind Terra

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The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna Classic (LUNC), previously known as Terra (LUNA), and TerraUSD (UST) tokens, by reportedly summoning subpoenas to employees. South Korean authorities have reportedly summoned all employees at Terraform Labs as part of a full-scale investigation of the collapse of UST and LUNC, the local news agency JTBC reported on Saturday. According to the report, the probe is conducted by the joint financial and securities crime investigation team of the Seoul Southern District…

Undervalued Metaverse Project Mars4 Is Preparing for New Releases

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Investors in the crypto business are continuously looking for underappreciated projects with the best chance of enhancing early investors’ returns. It’s easy to benefit by discovering these hidden gem projects just before they boom with major launches.  Mars4 is one of these projects to keep an eye on since the team behind it is busy working on some interesting new releases that will be ready in the coming months. These upgrades will help to enhance the game’s economy and provide players a sneak peek at what’s to come in the…

New Luna cryptocurrency is already crashing

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Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain project voted to revive luna but not terraUSD, a so-called “stablecoin” that plunged below its intended peg to the dollar, causing panic in the crypto market. TerraUSD, or UST, is what’s known as an algorithmic stablecoin. It relied on code…

How is SAI.TECH, a recently listed Bitcoin mining operator, driving towards carbon neutrality?

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The past year has experienced a boom in SPAC crypto mergers, with companies like Core Scientific Inc. Bakkt and Cipher Mining being a few notable examples. SAI.TECH (“SAI” or “the Company”) got on the wave of SPAC listings right before SPAC mergers got more difficult. Having gotten officially listed on Nasdaq on May 2nd, SAI is the first “chip heating” concept stock on the exchange, with its CEO & founder Arthur Lee also becoming the youngest Chinese CEO ever listed. Bitcoin has become one of the most attractive emerging assets…

42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto – Featured Bitcoin News

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A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now View Gold as Best Investment A recent study by Areda Survey has found that a significant number of Turks — about 42.9% — still consider gold to be the best form of investment. The figure is almost 15 percentage points…