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Day: July 20, 2022
Sustainable Bitcoin mining power mix hits 59.5%: BTC Mining Council
Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC). In its Q2 review of the Bitcoin network released on July 19, the BMC found that the global Bitcoin mining industry’s use of sustainable energy is up 6% from Q2 2021 and up 2% from Q1 2022, reaching 59.5% in the latest quarter — adding that it is “one of the most sustainable industries globally.” The council observed the increase in miners’…
Japan’s crypto self-regulation ‘experiment’ not working
Japan’s self-regulation “experiment” for the crypto industry is reportedly not working as well as intended, according to local government and industry experts. Since 2018, the Japan Virtual Currency Exchange Association (JVCEA), a self-regulation entity, has been tasked with creating guidelines for the country’s crypto industry, with arguments at the time that the entity could be better placed to cope with crypto regulation than a government body. However, speaking with the Financial Times (FT) on July 18, an unnamed source “close to both industry and government” said that the current model…
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Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies – Regulation Bitcoin News
Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments are “way behind the curve” in regulating cryptocurrencies. He added that officials throw out the idea of having central bank digital currencies (CBDCs) “to distract the conversation.” Harvard’s Professor on Cryptocurrency Regulation American economist Kenneth Rogoff discussed cryptocurrency regulation and central bank digital currencies (CBDCs) in an interview with Bloomberg Monday. Rogoff is the Thomas D. Cabot Professor of Public Policy and a professor of economics at Harvard University.…
Tribe Capital Hires Republic Capital Co-Founder Revsin as Managing Partner
Revsin served as head of investments at Republic Capital, a registered investment advisor with over $900 million in assets under management. He led the firm’s investments in crypto companies Flipside Crypto, Robinhood, Avalanche, Polygon and Dapper Labs, among others. Source
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US Justice Department Seizes $500K in Ransom Payments and Crypto From North Korean Hackers
CryptoX – Cryptocurrency Analysis and News Portal Deputy Attorney General Lisa Monaco said the FBI has identified a new type of ransomware used by the state-sponsored hackers. Source The post US Justice Department Seizes $500K in Ransom Payments and Crypto From North Korean Hackers appeared first on CryptoX. CryptoX Portal
Ethereum Soars 41% In A Seven Day Run. Is the Upcoming Merge A Catalyst?
The second-largest cryptocurrency by market cap, Ethereum, has soared 45 percent during the past week, outperforming the majority of other betable assets. There could be a simple explanation for this: As Ethereum’s team of developers approaches the conclusion of a multiyear, extremely difficult upgrade, traders are shifting positive. Ethereum Surge The second-largest cryptocurrency by market cap, Ethereum, has surged by about 45% over the past week, outperforming the majority of the top 100 crypto assets. While there are many theories surrounding ETH’s bullish trend, one of the main drivers of…
Cardano Broke Past This Important Level, Is The Coin Anticipating A Correction?
Cardano has been on a bullish run and it managed to cruise past the crucial resistance mark. Over the last week, ADA surged by almost 20%. The altcoin has been moving up in an ascending trendline over the last 24 hours. Currently, the altcoin has steadied on the $0.47 support line. Now Cardano has finally managed to claim its old resistance level and the bulls are back. For the bullish momentum to get intensified ADA needs to stay above the resistance mark it crossed above. It is however to soon…