Day: September 29, 2022

$200 Billion Crypto Crash Spreads As Investors Panic! Luna Is DEAD? | Market Update

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Miners Take off for The Great – and More Profitable – North

But while the Nordics’ fragmented energy markets can bring opportunities, they also present difficulties in hedging power prices, Jogg said. The financial products sold to companies looking to hedge their power costs are aimed at the entire Nordics market, but the actual price of power miners are looking to hedge is likely for a narrower region, where they mine, he explained. Source

QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally

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QUANT is making some positive noise, despite the bear market, with QNT notching gains in the last week. Most cryptocurrency exchanges have made some decent profits recently, despite the beatdown form the broader crypto market. Cryptocurrencies, meanwhile, have kept the charts green even while the stock market suffers from larger macroeconomic issues. One of the tokens is QNT, which gained 35.77 percent, making it one of the top gainers of the past seven days. An improvement in the coin’s fortunes may be in the offing. Market trust in cryptocurrency could be…

Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power – Mining Bitcoin News

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Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital currencies. Expert Lists Russian Regions Most Suitable for Crypto Mining and Those Expecting Ban The Central Bank of Russia and the Ministry of Finance recently agreed on legislation designed to regulate the mining of cryptocurrency…

Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

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Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions. Russian authorities are quite unlikely to approve the use of cryptocurrencies like Bitcoin (BTC) for cross-border transactions, according to local lawyers and fintech executives. Bank of Russia needs to control cross-border transactions It’s “highly questionable” that Russia would allow usage of Bitcoin or any other similar cryptocurrency for cross-border payments because such assets are “hard to control,” according to Elena Klyuchareva, the senior…

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Bitcoin․com To Deploy Verse Development Fund To Expand Ecosystem – Press release Bitcoin News

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press release PRESS RELEASE. Bitcoin.com, a digital ecosystem and secure self-custody platform where users can accessibly and safely interact with cryptocurrencies and digital assets, is launching the Verse Development Fund, an initiative to accelerate growth and innovation in Bitcoin.com’s Verse ecosystem. In addition, the fund will empower projects that embody Bitcoin.com’s ethos of economic freedom and democratized finance. “Since 2015, Bitcoin.com has been a leader in introducing newcomers to crypto and guiding them along their digital asset investing journeys,” said Bitcoin.com CEO Dennis Jarvis. “So far, we’ve built an incredible…

Ghana set to catch up to Nigeria and Kenya in terms of crypto adoption: Chainalysis

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As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use.  In a report released by blockchain analytics platform Chainalysis, researchers found that Ghana has the potential to achieve crypto adoption levels similar to Kenya and Nigeria, countries which ranked 11th and 19th in the analytics firm’s global crypto adoption index. According to Ray Youssef, the CEO of P2P platform Paxful, the local population’s needs along with the current growth trends in Ghana show…