Day: August 18, 2022

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Ukraine has shown the value cryptocurrency offers to real people

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The world is still struggling to comprehend the geopolitical and human impact of the Ukraine war. With more than 10 million people fleeing their homes and 6 million seeking refuge in foreign countries, it’s been a time to support a sovereign country under attack. It has also proven to be the moment where cryptocurrency proved its true value to real people. Not as the high-concept tech toy for the wealthy elite as many had previously dismissed it, but rather as an empowering force for good in a dangerously unstable world. When…

Tether reserve attestations to be conducted by major European accounting firm

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In a step toward greater transparency and better alignment with international accounting standards, stablecoin operator Tether Holdings Limited has tapped BDO Italia to conduct regular reviews and attestations of its dollar reserves.  Tether, which operates the USDT stablecoin, officially began working with BDO Italia in July, the company disclosed on Thursday. BDO Italia will be responsible for conducting an independent review of Tether’s stablecoin reserves to ensure that each unit of USDT is backed by cash or cash equivalents. Through BDO’s reviews, Tether aims to release public attestation reports monthly…

Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds – Mining Bitcoin News

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Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts say, however, that Russia has the spare capacities to satisfy much larger demand. Crypto Miners Spend as Much Power as Russian Farmers Electricity consumption in Russia’s crypto mining industry has been constantly rising since 2017, a new study has established. The positive trend led to…

Invest In Bitcoin Now Or You'll Regret This Moment – Lifetime Opportunity

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io If you do not invest in Bitcoin now. You wont see this opportunity again. I am going to give you the game plan to take you to the next level. Crypto is the future!! I have been in the crypto space for 8 years now. The sentence that you keep hearing is “Buy the Dip” I’m here to show you how to buy this dip. Should you start buying alt coins? How should you divide your portfolio? Are you new to the…