Month: January 2023

Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says

That heat, according to the official Heatbit site, is enough to warm 500 square feet of space. The kicker is, if you run the heater 24 hours a day at a bitcoin price of $20,000, the device will put $30 back into your pocket every month to help cover your electricity bill. Given energy prices’ increase over the past year, that capability may offer consumers some incentive. Source BitcoinFounderHeatbitHeaterMinesSpace CryptoX Portal

Ukrainian pharmacies enable crypto payments via Binance Pay

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Pharmacies in Ukraine are embracing digital payments amid the ongoing war, with a major local pharmacy chain enabling payments in cryptocurrencies like Bitcoin (BTC). ANC Pharmacy, one of the biggest pharmacy chains in Ukraine, has partnered with Binance Ukraine to debut cryptocurrency payments via contactless crypto payment service Binance Pay. Starting from Jan. 3, ANC Pharmacy enabled its customers to proceed with instant payments while purchasing pharmacy products online, the pharmacy chain officially announced on Tuesday. ANC Pharmacy operates more than 1,000 pharmacies across Ukraine, running its own online pharmacy…

Moroccan Central Bank to Release Crypto Regulatory Bill ‘in the Following Days’

For finalizing the bill, BAM collaborated with the International Monetary Fund and the World Bank. After a series of numerous discussions, Morocco is ready for introducing its crypto regulatory bill. According to the Governor of Moroccan Central Bank, Bank Al-Maghrib (BAM), Abdellatif Jouahiri, the country might see the release of the final crypto bill “in the following days.” Abdellatif Jouahiri stated: “For cryptocurrencies, I can assure you that the project is ready. We worked with the World Bank and the consultant to make it happen. The different chapters are completed.…

December 2022 Crypto Attacks Constituted Relatively Low $62M Loss

Despite 2022 being the worst year for crypto attacks, December’s spate came in at the lowest, rendering it the least harmful month last year. According to a Coindesk report, December had the least number of crypto attacks for 2022. However, the report, citing blockchain audit firm CertiK, noted that scams and hacks accounted for a massive $3.7 billion loss throughout last year. This fact makes 2022 the worst year for criminal activities in the history of the crypto and blockchain sectors. Despite 2022 being an uneventful year by way of crypto…

Uncertain 2023 Outlook Causes Treasury Yields to Fall

As the new year kicks off and 2023 trading begins, investors’ fingers are crossed on key economic metrics expected to be available in the coming week. Investors are worried about the 2023 outlook and looking forward to new economic data releases due this week, causing treasury yields to fall. It happened at about 4:19 a.m. ET on the 3rd of January, with the 10-year Treasury note dropping more than seven basis points to 3.7577%. Also, the 2-year Treasury went down almost four basis points and traded at about 4.3637% earlier.…

Bithumb’s Former Chairman Found Not Guilty by Seoul Court

When Terraform Labs and its associated tokens collapsed, Bithumb was one of the exchanges that were raided by the authorities in the search for evidence that could help the investigation. Bithumb’s former Chairman Lee Jung-Hoon of the South Korean cryptocurrency trading platform has been declared not guilty of fraud charges dating back to 2018 in relation to the acquisition of the exchange from Kim Byung-Gun. The Not Guilty verdict was pronounced at the Seoul Central District Court’s 34th Division of the Criminal Agreement. The verdict on the Bithumb’s former chairman…