Did the Ethereum Merge Drop ‘Worldwide Electricity Consumption’ by 0.2%? Source
Did the Ethereum Merge Drop ‘Worldwide Electricity Consumption’ by 0.2%?
Month: September 2022
Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’
$20,000 is no longer support. $100,000 didn’t happen. The Bitcoin halving is 562 days away. Bears simply refuse to release their vice grip on the market and the Federal Reserve’s policy of interest rate hikes and quantitative tightening is adding fuel to the fire. Despite these challenges, in a Sept. 15 Twitter Space hosted by Cointelegraph, Capriole Fund founder Charles Edwards explained why he is still bullish on Bitcoin. Edwards said that several on-chain metrics suggest that BTC is undervalued: “I see incredible deep value and I kind of call…
US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance
“The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption,” the notice said. “These illicit activities highlight the need for ongoing scrutiny of the use of digital assets, the extent to which technological innovation may impact such activities, and exploration of opportunities to mitigate these risks through regulation, supervision, public private engagement, oversight, and law enforcement.” Source CommentCryptosFinanceIllicitPublicRoleTreasury CryptoX Portal
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Russian official says bill will give businesses leeway in use of crypto internationally
A Russian Finance Ministry official has provided new details about a bill on digital currencies that is currently being drafted. The bill provides local infrastructure for settlements and regulation on mining, but will leave many details for businesses to work out on their own, the Finance Ministry’s Financial Policy Department head Ivan Chebeskov said Monday at a roundtable hosted by the International Chamber of Commerce Russia in Moscow. Interfax quoted Chebeskov as saying: “It is not completely clear how it should be regulated, so we give businesses the opportunity with…
Russian official says bill to give businesses leeway in use of crypto internationally
A Russian Finance Ministry official has provided new details about a bill on digital currencies, whicht is currently being drafted. The bill provides local infrastructure for settlements and regulation on mining, but will leave many details for businesses to work out on their own, the Finance Ministry’s Financial Policy Department head Ivan Chebeskov said Monday at a roundtable hosted by the International Chamber of Commerce Russia in Moscow. Interfax quoted Chebeskov as saying: “It is not completely clear how it should be regulated, so we give businesses the opportunity with…
More Than 125,000 Crypto Traders Liquidated, Here’s How Much They Lost
Over the last 24 hours, thousands of crypto traders have lost their positions in the market. The liquidations had ramped up, especially after the price of bitcoin had lost its footing above $19,000. It triggered one of the largest liquidations for the year 2022, with traders losing hundreds of millions of dollars in the span of a single day. More Than 125,000 Trader Rekt In the 24 hours following bitcoin’s decline to the $18,000 territory, more than 125,000 have had their positions liquidated. This amounted to more than $410 million…
Politicians, Not the Usual Bureaucrats, Take the Reins on Web3 in Japan
Sota Watanabe, founder of Astar Network, a platform that supports transactions on multiple blockchains, said that Japan stands at a “significant disadvantage” at the moment, compared with jurisdictions like Singapore and Dubai, because of its tax laws. In his view, Japan hasn’t had many successful crypto projects and is behind on accumulating talent. Source
XRP price risks 30% decline despite Ripple’s legal win prospects
XRP pricewas wobbling between profits and losses on Sep. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). Ripple and the SEC both agreed to expedite the lawsuit on Friday to get an answer on whether $XRP is a security or not. From the updates of the case, it sounds like it’s in the favor of @Ripple pic.twitter.com/SAyl4VLxdM — Jeff Sekinger (@JeffSekinger) September 19, 2022 Fed spoils SEC vs. Ripple euphoria The XRP/USD pair dropped by over 1% to $0.35…
Investment Opportunity with new Cryptocurrency Miners
If you are an aspiring crypto investor, Bitramo is now offering a series of exciting investment opportunities tailor-made for you. This crypto start-up stormed into the market earlier this year with three mining rigs that have already claimed their stake as the most profitable mining hardware ever created. Making things even better, you don’t need to be a technology geek to make a profit using Bitramo miners. Bitramo’s product range currently comprises of Ramo1, Ramo 2, and Ramo X, three cutting-edge 3nm ASIC miners. Many industry experts feel that these…