Day: January 6, 2023

1.5M houses could be powered by the energy Texas miners returned

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During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.  In his commentary to Satoshi Action Fund, Texas Blockchain Council president Lee Bratcher stated that miners returned up to 1,500 megawatts to the Texas grid. This amount of energy would be enough to heat “over 1.5 million small homes or keep 300 large hospitals fully operational,”…

How AI Could Solve the Metaverse’s Language Problem

Except for one. If the people meeting in the metaverse don’t speak the same language, sharing an experience could get difficult. Sure, there are services like Google Translate and Skype Translator that do a good job of offering written or spoken translation, but the issue quickly becomes one of scale: Those services are generally designed for one-to-one conversations, whereas a metaverse experience often wants to incorporate dozens, if not hundreds of people. If each person is speaking their own language, that’s a hard problem to solve. Source LanguageMetaversesProblemSolve CryptoX Portal

Indonesia to Launch Crypto Exchange as Financial Authority Gains Regulatory Power

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Indonesia plans to open a cryptocurrency exchange in 2023 — amid a financial sector overhaul that would see a transfer of enforcement powers over digital assets to the Financial Services Authority. Head of the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) Didid Noordiatmoko stated that the government will establish an exchange before the Financial Services Authority officially assumes the responsibility of cryptocurrency regulation. Currently, commodity contracts and cryptocurrencies are both traded on exchanges governed by Indonesia’s Commodity Futures Trading Regulatory Agency. There have been multiple delays in the cryptocurrency exchange’s planned opening…

MetaMask removes Wyre from aggregators amid shutdown reports

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Crypto wallet MetaMask is ending support for services of Wyre crypto payment platform amid reports of Wyre planning to shut down operations soon. MetaMask took to Twitter on Jan. 5 to announce that it has removed Wyre from its mobile aggregator, which allows users to buy crypto directly through its digital wallet. “We’re currently working on extension removal and appreciate your patience,” MetaMask said, asking users not to use Wyre on the mobile aggregator. According to the announcement, MetaMask still supports a wide number of other payment gateways, including Transak,…

Israel’s Securities Watchdog Seeks to Regulate Crypto Assets – Regulation Bitcoin News

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The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s Securities Laws Aimed at Expanding Supervision Over Crypto Arguing that as crypto assets are often used for investment, the Israel Securities Authority (ISA) has insisted they need to be covered by the regulatory framework and placed under its oversight. To achieve that, the watchdog is…

Binance Acquisition Moves See BNB Riding A Wave of Enthusiasm

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Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company’s acquisition moves hit the industry. According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax. The deal was originally scheduled to be revealed last year, and it involved Binance buying the stock holding from Lee Jun-hang, Gopax’s top stakeholder. BNB, Binance’s native token, took the news to heart with a weekly gain of 5.5%. As of this writing, BNB is trading at $255, data from Coingecko shows. Binance…